The growth of the Global Prenatal and Neonatal Equipment Care Market is mainly driven by growing incidences of preterm birth
Hyderabad, India -- (SBWIRE) -- 03/14/2018 -- The global Prenatal and Neonatal Equipment Care Market is exhibiting steady growth and is estimated to reach a value of $8.80 billion by 2021 from a value of $6.48 billion in 2016 at a CAGR of 6.30%.
Fetal and neonatal care is designed mainly to focus on child health issues and to prevent occurring of diseases from perinatal period to adolescence stage. Due to changes in the lifestyle of people, late maternal age, labour treatments, and increasing induced fertility, the Premature and congenitally ill babies are born every year. Every year almost 15 million neonates are born as premature and 1 million among them die every year. In order to prevent these situations, the Fetal and neonatal care equipment are designed in order to take care of newborn babies.
The major driving factors of global Prenatal and Neonatal Equipment Care Market are increasing awareness about prenatal and neonatal care among individuals across the globe, raising the demand for the usage of prenatal therapeutics, diagnostics, and monitoring devices are boosting the demand for the growth of the market. Increasing technological advancements coupled with the development of new equipment, raising occurrence of preterm birth are attributing the market growth. One of the important factors driving the growth of the market is government support for the better health care of the newborn infants and babies.
The primary challenges that the market needs to overcome are the high cost of devices, lack of availability of skilled experienced doctors, and reducing the birth rate in the developed countries.
Browse full research report with TOC on : "Prenatal and Neonatal Equipment Care Market by Product Type (Prenatal and Fetal Equipment-Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others ; Neonatal Equipment-Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others ; Other Prenatal and neonatal equipment) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)"
Market Data Forecast has segmented the Global Prenatal and Neonatal Equipment Care Market on the basis of Product type, and region:
Product Type Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
Prenatal and fetal equipment, neonatal equipment and others.
Prenatal and fetal equipment Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, Ultrasound and Ultrasonography Devices, and others.
Neonatal equipment Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance and Monitoring Devices, Infant Warmers and Incubators, and others.
Region Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific
Some of the major manufacturers of the Prenatal and Neonatal Equipment Care Market are Spacelabs Healthcare, Analogic, Nonin Medical, Fisher & Paykel Healthcare, Philips Healthcare, Becton Dickinson, Spacelabs Healthcare, OSI Systems, CareFusion, Drägerwerk AG & Co, Drägerwerk AG & Co.
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Further Key Findings from the Report Suggest:
By product Type, Prenatal and fetal equipment segment predicted the major share of the market in 2016.
On the basis of Prenatal and fetal equipment, Fetal Monitors segment is leading the market and is predicted to dominate the market during the forecast period.
Neonatal Equipment Care Market is holding the biggest share of the market.
North America dominated the global Prenatal and Neonatal Equipment Care Market owing to increasing awareness about prenatal and neonatal care among individuals.
Asia Pacific is predicted to grow at the highest CAGR during the forecasting period due to a rapid increase in birth rate and rising participation of public and private sectors in various programs.
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