Global Fetal & Neonatal Monitoring Market - 2019-2026
発行: DataM Intelligence
Global Fetal & Neonatal Monitoring Market Overview
Fetal and neonatal monitoring are related processes that are used at different times during the pregnancy and birthing cycles. Fetal monitoring occurs before and during the birthing process, and may be invasive or non-invasive. Neonatal monitoring occurs after birth. Monitoring procedures are important for the evaluation of the clinical state of patients and to assess changes in their conditions, thus providing necessary treatments on time. Increasing funding for the best facilities is expected to drive the growth of the market in the forecasted period.
The global Fetal & Neonatal Monitoring market accounted for USD XX million in 2017 and is expected to grow at a CAGR of 7.04% to reach USD XX million in 2025.
Global Fetal & Neonatal Monitoring Market - Market Dynamics
Growing demand and increased benefits of non-invasive fetal and neonatal equipment, increasing need for advanced technology and support from government and other organizations are the major drivers of the market. The increasing government efforts for preventing preterm births in developing countries and also to increase survival rates in these cases is driving the demand for fetal and neonatal monitoring devices.
Government and other organizations are making efforts to increase awareness about neonatal health & care equipment and increasing funding for the best facilities which would drive the growth of the market. Moreover, the growing need for advanced technology and functional monitoring devices during pregnancy is the major driver for the market. The increasing use of portable and wireless monitoring products is also driving the growth in fetal and neonatal devices.
However, the invasive approaches leading to complications and the increased difficulties for product entry might hamper the growth of the market. Strict regulatory procedures and the increasing demand for new safety and quality of products such as preventing trauma, pain and tissue damage might hamper the development of new products.
Global Fetal & Neonatal Monitoring Market - Segment Analysis
The global Fetal & Neonatal Monitoring market is segmented by portability, monitoring devices, and end-user.
By portability, the global Fetal & Neonatal Monitoring market is segmented into portable and non-portable. Portable Monitoring devices accounted for a major market share in overall fetal and neonatal monitoring devices globally. Technological advancements in terms of usage and portability are rising the demand for portable fetal and neonatal care equipment market. Improvements in wireless connectivity and ease of use have also led to the growth in home use fetal and neonatal monitoring devices.
By Monitoring devices, the global Fetal & Neonatal Monitoring market is segmented into fetal and neonatal. By end-user, the global Fetal & Neonatal Monitoring market is segmented into hospitals and neonatal care centres.
The global Fetal & Neonatal Monitoring market is segmented into the geographical regions such as North America, Europe, Asia Pacific, South America, and others. North America accounts for the dominant share of about 41% in terms of value, followed by Europe. Among emerging markets, Asia Pacific is estimated to exhibit the highest growth rate owing to the increasing government support for enhanced maternal facilities and rising company investments for the development of new products. Rising number of NICU admissions and inflow of technologically innovative products and government policies to provide better care for prenatal and neonatal children is expected to drive the growth of the market in the North American region.
The global Fetal and Neonatal market is a fairly consolidated with the market being dominated by the top 5 companies. The established as well as emerging companies are increasingly focusing on the launch of advanced products to expand their market share. Companies are also focusing on gaining approval for innovative technological products in the market, which is likely to expand their market penetration.
The scope of the Report
The report covers the factors impacting the market, Porter 5 Forces, Competitive Landscape, Product Benchmarking, and company profiles. Fetal & Neonatal Monitoring Market is segmented based on the end-user as hospitals and clinics. By Monitoring devices is segmented into fetal and neonatal. By end-user is segmented into hospitals and neonatal care centres. Based on geography the market is segmented into - North America, South America, Europe, Asia Pacific and the Middle East and Africa.