Fetal and Neonatal Care Equipment Market Scope
Fetal and neonatal care equipment mainly focuses on the aspects of child health and diseases from the perinatal period to the adolescence stage. According to the World Health Organization (WHO), around there have been 340,000 maternal deaths, 3.1 million neonatal deaths, and 2.7 million stillbirths that occur worldwide each year. As per the latest study the rate of maternal death, early neonatal death, and stillbirth have declined in the high and few of the middle-income countries, mainly due to improved obstetric care. There are about 17 National Institute of Child Health and Development Neonatal Research Network in the U.S. where many programs are introduced or are experimented in order to enrich the quality and research for much better outcomes of the patients. In the year 2013, the Children's Health launched Texas very first dedicated neonatal telemedicine service that offers physicians availability at many other NICU hospitals for neonatal cases. Vendors hereby mainly focus on providing the highly efficient and low-cost equipment so as to cater to the neonatal segment that in turn reduces morbidity and mortality in the regions that have poor resources and also less skilled physicians.
The market study is being classified by Type (Fetal Care Equipment [Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, Others] and Neonatal Care Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory, Assistance and Monitoring Devices, Others]), by Application (Hospitals, Clinics and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Fetal and Neonatal Care Equipment market throughout the predicted period.
BD (United States), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), Fisher & Paykel (New Zealand), GE Healthcare (United Kingdom), Philips (Netherlands), Covidien (Ireland), Smiths Medical, Inc. (United States), Spacelabs Healthcare, Ltd. (United States), Utah Medical Products, Inc. (United States), Getinge (Sweden), Analogic Corporation (United States), Ivy Biomedical Systems, Inc. (United States) and Masimo Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Natus Medical Incorporated (United States), Nonin Medical Inc. (United States), OSI Systems (United States) and Welch Allyn (United States).
AdvanceMarketAnalytics has segmented the market of Global Fetal and Neonatal Care Equipment market by Type, Application and Region.
On the basis of geography, the market of Fetal and Neonatal Care Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On, 8th January 2020, Medtronic plc announced that it had acquired Stimgenics, LLC, a privately-held company based in Bloomington, Illinois, that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM™) Spinal Cord Stimulation. The therapy, which is delivered via the Medtronic Intellis™ platform, is a new and unique programming option to treat patients with chronic pain., and On, 13th August 2019, Dräger Safety AG & Co. KGaA has acquired a stake in Focus Field Solutions Inc., a leading provider of industrial safety solutions based in St. John’s, Newfoundland and Labrador, Canada. With this latest investment, Dräger extends its expertise in the area of digital worksites.
GE Healthcare holds the foremost position in the overall fetal and neonatal care equipment market. In order to endure its leadership position and to ensure future growth, the company embraces several organic growth strategies such as new product launches and expansions and inorganic growth strategies like agreements and collaborations. So as to capture the global market, the company hereby focuses on launching new products with more advanced technology and affordability for the maternal and infant care segment. In line with the strategy, the company has thus launched several products such as in 2018, it launched Versana Essential, Vscan Access which is a portable ultrasound system in the year 2015, and Voluson E10 an ultrasound system, and Lullaby Warmer Prime during 2014.
- The Growing Popularity Of and Demand for Fetal and Neonatal Care Equipment Is Increasing Due To the Procedural Advantages That These Devices Offer
- Increase in the Birth Rate All Around the World
- The Infant Deaths Occur During the First Month of Birth Due To Negligible Care
- Increase in Patient Safety Concerns and the Growing Number of Premature Births
- Awareness Program for Fetal and Neonatal Care by Government Initiatives Is Anticipated To Generate Attractive Growth Opportunities
- A Rise in the Research and Development Sectors So As to Improve the Lives of Newborn
- The Lower Birth Rate among Established Countries
- The Reluctance of End-Users to Make High Initial Capital Investments
- Presence of Too Many Fragmented Players
- The Lack of Skilled Workers
Key Target AudienceManufacturers of Fetal and Neonatal Care Equipment, Suppliers and Distributors of Fetal and Neonatal Care Equipment, End-Users, Potential Investors, Market Research Firms and Others
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