The author predicts that the global fetal and neonatal equipment market will grow at a CAGR of 7.4% during the forecast period. The market is classified into different product categories: patient monitoring, diagnostic devices, warmers, incubators, and phototherapy equipment. The rise in patient monitoring especially fetal and neonatal care equipment have seen increased adoption in basic to advanced equipment across the globe. The rise in adoption of such devices in developing countries with various agreements and policies have helped the market to grow faster. Fetal and neonatal care equipment is mostly used in emergency and life-threatening complication. Factors driving the market include congenital diseases, premature health, lifestyle, and chronic conditions such as anaemia, bronchopulmonary dysplasia, hyperbilirubinemia, and intraventricular haemorrhage.
The market is growing significantly due to the technological advancement of patient monitoring, respiratory, and phototherapy devices. According to WHO, every year there are about 15 million infants born preterm, which is the primary reason for higher mortality. Most of the emerging economies like India, China, Indonesia, Malaysia, Philippines, and Bangladesh have the highest preterm due to poor infrastructure and lack of trained professionals.
Proper prenatal care and appropriate medical care is important for a healthy pregnancy. Further, features such as lightweight, compact, advanced featured, and remote-based monitoring has enabled end-users to rely on effective patient monitoring devices. The fetal and neonatal care equipment markets are expected to see steady growth in the future. The market is not much explored in developing markets and is going to create a huge market opportunity for the global market.
The market is fueled by innovation and new technological techniques & procedures. The increase in demand for more advanced & customized diagnosis and treatment with the availability of vast healthcare services globally have pushed the market to produce safe, efficient, and cost-effective products in the market. The advancement in technology has shifted most of the developed economies towards high-quality care. Also, connectivity via wireless technologies has eliminated the need for bedside transmitters as mobile app integration has become more seamless in an individual’s daily routine. Few devices are proactive in anticipating the health information and deliver it timely with supportive communication and coordination among the providers involved in the healthcare delivery services.
Segmentation by Product Types:
- Fetal Care Equipment
- Neonatal Care Equipment
The neonatal care units have a complex setup with different types of machines and monitoring devices for intensive care of neonates or new-born. This segment is contributing the maximum share due to various factors: preterm births, deformities with new infants, increase initiatives by the government to support and upgrade the existing equipment and rise in demand in lieu with collaborations and agreements for high-quality neonatal systems. Phototherapy units and warming equipment’s share the maximum revenue holder in the global fetal and neonatal market and is expected to grow steadily in the market.
Segmentation by End-users:
- Pediatric Hospitals
- NICU Centers
In 2018, hospitals gained the highest share in the fetal and neonatal equipment market with the large volumes of diagnostics and treatments globally.
Segmentation by Regions:
- North America
According to the author's analysis, North America accounted for the largest share of the global fetal and neonatal equipment market in 2018. In North America, the US and Canada are the leading countries with the newest advances and wide options in choosing diagnosis for early prevention and treatment. Europe is the second leading region. The market in Europe was largely driven due to advances in and replacement of devices in fetal and neonatal care systems. Factors such as an increase in the incidence of preterm birth, continuous adoption of advanced technologies, and increasing awareness are driving the market. The leading countries are Germany, France, UK, and Italy to the market.
The APAC region is expected to grow faster due to the increase in sales of new fetal and neonatal equipment in the coming years. According to UNICEF, it was estimated that in 2017 the neonatal mortality rate in India (24%), China (4.7%), Thailand (5.3%), Vietnam (10.6%) deaths per 1,000 live birth. The availability of cost-effective or low-cost patient monitoring devices is helping many hospitals, NICU centres, and many other healthcare facilities to adopt such diagnostics and monitoring for safe and efficient fetal and neonatal care.
The competition among leading vendors is due to the availability of a wide range of fetal and neonatal care equipment with different brand names in the market. This provides an opportunity for healthcare consumers (fetal and neonatal care facilities) to choose products based on brand, price, features, model, and discount. Most of the vendors are focusing on providing bundling product models for increasing their sales and having a larger market share in terms of revenue. Many vendors have established their market presence globally and focus strongly on marketing and selling their products by competing with small and regional vendors. Therefore, the competition among the vendors is expected to hinder the market growth, yet the market will have more products developed and launched in the market. Most of the vendors are primarily focusing on research and development to offer fast technological progress. Manufacturers including major and mid-sized companies in the fetal and neonatal equipment market are competing with newer products, advanced features, quality, safety, and efficacy.
The competition is growing among the healthcare service providers – hospitals, NICU centres, and pediatric hospitals where the customer groups are being consolidated for purchasing products. Diversified product portfolio companies, large volume product buyers (hospitals), and primary competitors (single product manufacturers) have strong market positions in certain segments and regions due to their wide range of products and services they offer. New competitors, especially from Asia, are also taking the competition to a new high with quality, safety, and efficacy of the product over the past few years.
- Drägerwerk AG & Co. KGaA
- Medtronic plc
- GE Healthcare
- Masimo Corp
- Philips Healthcare
- Natus Medical Incorporated
Key Competitive Facts:
- The market is highly competitive with all the players competing to gain the market share. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
- The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players.
- Responding to competitive pricing pressures specific to each of our geographic markets.
- Protection of proprietary technology for products and manufacturing processes.
The report provides complete details about the usage and adoption rate of fetal and neonatal equipment’s. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives towards the medical devices segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals and to analyze before investing or expanding the business in this market.
- Understanding the potential market opportunity with precise market size and forecast data.
- Detailed market analysis focusing on the growth of the fetal and neonatal equipment industry.
- Factors influencing the growth of the fetal and neonatal equipment market.
- In-depth competitive analysis of dominant and pure-play vendors.
- Prediction analysis of the fetal and neonatal equipment industry in both developed and developing regions.
- Key insights related to major segments of the fetal and neonatal equipment market.
- The latest market trend analysis impacting the buying behaviour of the consumers.
Table of Contents
1.1.2 Patient monitoring systems
1.1.3 Medical technologies
1.1.4 Industry Trends
1.2 Healthcare Spending
1.2.1 The US
1.3 Reimbursement Scenario
1.4 Regulatory Bodies & Standards
1.5 Emerging Global Markets
1.6 Future of Remote Monitoring Devices
1.7 Introduction - Fetal and Neonatal Equipment
1.7.2 Definition: Fetal and Neonatal Care Equipment
1.7.3 Why Fetal and Neonatal Equipment?
1.7.4 PESTLE Analysis
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3.2 Segmented Addressable Market (SAM)
3.3 Opportunity Analysis
3.4 Strategic Initiatives
3.5 Related Markets
3.5.1 Patient Monitoring Devices
3.5.2 Ultrasound Devices
3.5.3 Medical Imaging
3.5.4 Intracranial Pressure Monitor Market
3.6 Porter 5 (Five) Forces
4.1.1 Neonatal Care Equipment
4.1.2 Fetal Care Equipment
4.2 Market Dynamics
184.108.40.206 Increase in the incidence of preterm birth
220.127.116.11 Increase adoption of portable fetal and neonatal equipment
18.104.22.168 High adoption of LED phototherapy units
22.214.171.124 Increase awareness and expansion in emerging nations
126.96.36.199 High cost of technology and intensive care monitoring devices
188.8.131.52 Product recall
184.108.40.206 Paucity of skilled professionals
220.127.116.11 Low reimbursement/Unfavorable reimbursement plans
18.104.22.168 Technological advancement
22.214.171.124 Rising demand for remote monitoring devices
126.96.36.199 eHealth for improved outcome
188.8.131.52 Affordable and quality care
4.2.4 DRO – Impact Analysis
4.3 Key Stakeholders
5.3 Pediatric Hospitals
5.4 NICU Centers
6.2 North America
6.5 Rest of the World
7.1.2 Key Competitive Facts
8.1.2 Business Units
8.1.3 Geographic Revenue
8.1.4 Business Focus
8.1.5 SWOT Analysis
8.1.6 Business Strategies
8.2 Medtronic plc
8.2.2 Business Units
8.2.3 Geographic Revenue
8.2.4 Business Focus
8.2.5 SWOT Analysis
8.2.6 Business Strategies
8.3 GE Healthcare
8.3.2 Business Units
8.3.3 Geographic Revenue
8.3.4 Business Focus
8.3.5 SWOT Analysis
8.3.6 Business Strategies
8.4 Philips Healthcare
8.4.2 Business Units
8.4.3 Geographic Revenue
8.4.4 Business Focus
8.4.5 SWOT Analysis
8.4.6 Business Strategies
8.5 Masimo Corp.
8.5.2 Geographic Revenue
8.5.3 Business Focus
8.5.4 SWOT Analysis
8.5.5 Business Strategies
8.6 Natus Medical Incorporated
8.6.2 Business Segments
8.6.3 Geographic Revenue
8.6.4 Business Focus
8.6.5 SWOT Analysis
8.6.6 Business Strategies
9.1.2 Key Highlights
9.1.3 Key Focus
9.2 NIHON KOHDEN CORPORATION
9.2.2 Business focus
9.3 Smiths Group plc
9.3.2 Business Focus
9.4 Aspect Imaging
9.4.2 Key Highlights
9.4.3 Key News
9.5 Nonin Medical, Inc.
Table 2 Top-Listed Medical Devices Company 2018
Table 3 Fetal and Neonatal Equipment Care Market Outlook
Table 4 Global Fetal and Neonatal Equipment Market by End-Users
Table 5 Global Fetal and Neonatal Equipment Revenue by Regions Forecast, 2019–2025 ($Million)
Table 6 Competitive Structure Analysis of Global Patient Monitoring Market (2018)
Table 7 Drägerwerk AG & Co. Kgaa: Offerings
Table 8 Drägerwerk AG & Co. Kgaa: Recent Developments
Table 9 Medtronic Plc: Offerings
Table 10 Medtronic Plc: Recent Developments
Table 11 GE Healthcare: Product Offerings
Table 12 GE Healthcare: Recent Developments
Table 13 Philips Healthcare: Product Offerings
Table 14 Philips Healthcare: Recent Developments
Table 15 Masimo Corp.: Offerings
Table 16 Masimo Corp.: Recent Developments
Table 17 Natus Medical Incorporated: Offerings
Table 18 Natus Medical Incorporated.: Recent Developments
Table 19 Becton Dickinson and Company.: Snapshot
Table 20 Nihon Kohden Corporation.: Snapshot
Table 21 Nihon Kohden Corporation: Recent Developments
Table 22 Smiths Group Plc: Snapshot
Table 23 Smith Group Plc: Recent Developments
Table 24 Aspect Imaging: Snapshot
Table 25 Nonin Medical, Inc.: Recent Developments
Table 26 Omron: Snapshot
Table 27 Omron: Recent Developments
Table 28 Other Prominent Vendors in The Fetal and Neonatal Equipment Market
Chart 2 Global Patient Monitoring Market by Product (2018)
Chart 3 Global Medical Devices Market Segmentation
Chart 4 Third-Party Reimbursement and Coverage in the Medical Device Industry
Chart 5 Imperatives of Emerging Markets
Chart 6 Pestle Analysis of Fetal and Neonatal Equipment Market
Chart 7 Research Methodology of Global Fetal and Neonatal Equipment Market
Chart 8 Global Patient Monitoring Devices Market Revenue, 2018–2025 ($Million)
Chart 9 Global Fetal and Neonatal Equipment Market Revenue, 2018–2025 ($Million)
Chart 10 Opportunity Analysis
Chart 11 Porters 5 Forces On Fetal and Neonatal Equipment Market
Chart 12 Global Fetal and Neonatal Equipment Market Segmentation
Chart 13 Global Fetal and Neonatal Equipment Market 2018 and 2025
Chart 14 Global Fetal and Neonatal Equipment Market Overview by Products 2018 ($Million)
Chart 15 Global Fetal and Neonatal Equipment Market Segmentation by Product, 2018-2025 ($Million)
Chart 16 Global Fetal and Neonatal Equipment Market Segmentation by Product, 2018–2025 (%)
Chart 17 Global Neonatal Care Equipment Market Revenue, 2018–2025 ($Million)
Chart 18 Global Fetal Care Equipment Market Revenue, 2018–2025 ($Million)
Chart 19 Others Market Revenue, 2018–2025 ($Million)
Chart 20 Market Dynamics – Drivers, Restraints & Opportunities
Chart 21 DRO - Impact Analysis of Fetal and Neonatal Equipment Market
Chart 22 Key Stakeholders of Global Fetal and Neonatal Equipment Market
Chart 23 Global Fetal and Neonatal Equipment Market by End-User Segmentation, 2018 (%)
Chart 24 Global Fetal and Neonatal Equipment Market by Geographical Segmentation, 2018 and 2025 (%)
Chart 25 Global Fetal and Neonatal Equipment Market by Regions 2018 ($Million)
Chart 26 Fetal and Neonatal Equipment Market Revenue in North America, 2018–2025 ($Million)
Chart 27 Fetal and Neonatal Equipment Market Revenue in Europe, 2018–2025 ($Million)
Chart 28 Fetal and Neonatal Equipment Market Revenue in The APAC, 2018–2025 ($Million)
Chart 29 Fetal and Neonatal Equipment Market Revenue Forecast in The Rest of The World, 2018–2025 ($Million)
Chart 30 Global Fetal and Neonatal Equipment Market Segmentation by Geography, 2018–2025 ($Million)
Chart 31 Global Fetal and Neonatal Equipment Market Segmentation by Geography, 2018–2025 (%)
Chart 32 Drägerwerk AG & Co. Kgaa: Overview Snapshot
Chart 33 Drägerwerk AG & Co. Kgaa: Business Units
Chart 34 Drägerwerk AG & Co. Kgaa: Geographic Revenue
Chart 35 Drägerwerk AG & Co. Kgaa: SWOT Analysis
Chart 36 Medtronic Plc: Overview Snapshot
Chart 37 Medtronic Plc: Business Units
Chart 38 Medtronic Plc: Geographic Revenue
Chart 39 Medtronic Plc: SWOT Analysis
Chart 40 GE Healthcare: Overview Snapshot
Chart 41 GE Healthcare: Business Units
Chart 42 GE Healthcare: Geographic Revenue
Chart 43 GE Healthcare: SWOT Analysis
Chart 44 Philips Healthcare: Overview Snapshot
Chart 45 Philips Healthcare: Business Units
Chart 46 Philips Healthcare: Geographic Revenue
Chart 47 Philips Healthcare: SWOT Analysis
Chart 48 Masimo Corp.: Overview Snapshot
Chart 49 Masimo Corp.: Geographic Revenue
Chart 50 Masimo Corp.: SWOT Analysis
Chart 51 Natus Medical Incorporated.: Overview Snapshot
Chart 52 Natus Medical Incorporated.: Segment Sales
Chart 53 Natus Medical Incorporated.: Geographic Revenue
Chart 54 Natus Medical Incorporated.: SWOT Analysis
- Aspect Imaging
- Becton Dickinson and Company
- Drägerwerk AG & Co. KGaA
- GE Healthcare
- Masimo Corp.
- Medtronic Plc
- Natus Medical Incorporated
- Nihon Kohden Corporation
- Nonin Medical, Inc.
- Philips Healthcare
- Smiths Group Plc