Albany, NY -- (SBWIRE) -- 02/06/2018 -- According to a report published by Transparency Market Research, The Global Prenatal, Fetal, And Neonatal Equipment Market is estimated to grow from US$5.89 billion in 2012 to US$8.92 billion in 2019. The report, titled “Prenatal, Fetal and Neonatal Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that the market stands to develop at a CAGR of 6.1% from 2013 to 2019.By product type, the market for prenatal, fetal, and neonatal equipment is broadly categorized into neonatal equipment, prenatal and fetal equipment, and others. The neonatal equipment segment held the largest share in the global market in 2011.
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This segment is further broken down into respiratory assistance and monitoring devices, phototherapy equipment, neonatal monitoring devices, and infant warmers and incubators. Respiratory assistance and monitoring devices hold the largest share of 40% owing to increasing incidence of premature births across the globe. At 12%, Africa had the highest rate of premature births in 2005, with the U.S. following suit at 10.6% of the overall births in the region. The segment of prenatal and fetal equipment comprises ultrasound and ultrasonography, fetal magnetic resonance imaging (MRI), fetal monitors, and fetal Dopplers.
With a 30% share of the overall market in 2012, North America was the largest regional segment of the prenatal, fetal, and neonatal equipment market owing to high rate of premature births, increased level of awareness among parents, rising average age of the maternal population, and relative affordability of prenatal, fetal, and neonatal equipment for the affluent consumers in the region. Europe is the second largest regional market, with a 25% share in 2012. Growing at a CAGR of 7.8% from 2013 to 2019, Asia Pacific is estimated to be the fastest expanding regional market for prenatal, fetal, and neonatal equipment owing to high birth rate, high rate of premature births, increasing disposable income and spending on healthcare, growing awareness among the population, and rising demand for advanced devices and equipment.
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The leading players in the prenatal, fetal, and neonatal equipment market are Nonin Medical, Inc., Natus Medical Incorporated, FUJIFILM SonoSite, Inc., Cooper Surgical, Inc., Philips Healthcare, CareFusion Corporation, Siemens Healthcare, GE Healthcare, Fisher & Paykel Healthcare Limited, Covidien PLC, Smiths Medical, Dragerwerk AG & Co. KGaA, and Getinge AB. Of these, GE Healthcare, Philips Healthcare, Cooper Surgical, Natus Medical, and Dragerwerk are functional in a majority of the segments of the prenatal, fetal, and neonatal equipment market.
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