USA Neonatal and Prenatal Devices Market - Growth, Trends, and Forecasts (2020 - 2025)

The major factors for the growth of the neonatal and prenatal devices market includes the rising incidence of preterm births, increasing awareness for prenatal and neonatal care, and government initiatives to provide better care for prenatal and neonatal infants.

Premature babies are babies born before the mother reaches the gestation period of 37 weeks. Depending on how premature the baby is, there are certain organs, which can be underdeveloped, such as digestive tract, lungs, immune system, and even skin in certain cases, where the demand of incubators for their survival is inevitable. There are increasing preterm births that are quite common in the US that is increasing the demand for neonatal and prenatal devices.

According to the 2018 report by the Centers for Disease Control and Prevention, the U.S. birthrate has also fell again in 2018, to 3,788,235 births, representing a 2% drop from 2017. It was the lowest number of births in 32 years as per the report. The numbers also sank the U.S. fertility rate to a record low. Therefore this has been the major factor that has been restraining the Neonatal and Prenatal market growth in the US.

Key Market Trends

Incubators Sub-segment in Neonatal Equipment is Expected to Cover a Large Market Share

A neonatal incubator an enclosure in which an infant can be kept in a controlled environment for its observation and care. The device may also include a heater, a fan, a container for water to add humidity, a control valve through which oxygen may be added, and access ports for nursing care. It is used in preterm births or for some ill full-term babies to observe and treat them under stabalized environment. It may additionally be used to evaluate and treat sick neonates.

Therefore as the preterm births are increasing, it has been found that preterm birth babies may require more additional care. Hence, they may be kept under incubators for observation. Thus the increasing preterm birth rate is expected to increase the demand for neonatal incubators, that will help in the growth of the overall market.

Competitive Landscape

The US has well-structured and developed healthcare system. US also promote research and development for pharmaceutical devices and hence has very high expenditure on healthcare. As a result of these policies, many companies globally are encouraged to operate in the region. Moreover, many global players have their headquarters in the US, which, makes the market more competitive.

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