Europe Fetal and Neonatal Care Equipment Market Size (2024 - 2029)

The Europe Fetal and Neonatal Care Equipment Market is projected to experience growth over the forecast period, driven by an increasing number of preterm and low-weight births, advancements in technology for infant and maternal care, and a rise in congenital and pregnancy complications. Despite the impact of the COVID-19 pandemic, which did not significantly heighten the demand for such equipment, the need continues to grow due to the rising incidence of diseases and complications among newborns. However, the high cost of neonatal care poses a challenge to the market's expansion.

Market Size of Europe Fetal and Neonatal Care Equipment Industry

Europe Fetal and Neonatal Care Equipment Market Bar Graph
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 1.88 Billion
Market Size (2029) USD 2.59 Billion
CAGR (2024 - 2029) 6.69 %

Major Players

Europe Fetal and Neonatal Care Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Fetal & Neonatal Care Equipment Market Analysis

The Europe Fetal and Neonatal Care Equipment Market size is estimated at USD 1.88 billion in 2024, and is expected to reach USD 2.59 billion by 2029, growing at a CAGR of 6.69% during the forecast period (2024-2029).

With the advent of the COVID-19 pandemic, there has been a significant impact on the studied market. According to the research article published in BMJ Journals-ADC Fetal and Neonatal Edition, 2020, there was a reduction in extremely premature births to 0.19/1000 births during the 2020 nationwide lockdown in Denmark, whereas it was 2.19/1000 births during 2019. Additionally, as per the research article published in the Lancet-Child and Adolescent Health, 2021, the neonatal immune system plays a vital role in fighting against SARS-CoV2 viral infection and it was observed that nearly 80% of the neonates observed in the study did not require respiratory support and nearly one neonate in five was asymptomatic, with no symptoms of COVID-10 infection. Thus, given the aforementioned factors, the need for fetal and neonatal care equipment to fight the COVID-19 infection is not significantly high and thus is expected to impact the studied market growth.

The factors that are driving the market's growth include increasing number of preterm and low-weight births, growing technological advancement in infant and maternal care products, and rising congenital and pregnancy complications due to a sedentary lifestyle. According to the research article published in the European Journal of Pediatrics, 2021, the estimated rate of preterm births in Europe was 8.7 and is one of the major causes of death in early childhood in the region. Preterm babies often require special care in the neonatal intensive care unit (NICU), owing to which the demand for neonatal devices is also increasing, which is expected to act as a key driving force. Moreover, the incidence of diseases and associated complications among newborns has also increased. These factors have increased the demand for fetal and neonatal care equipment in the region.

However, the rising cost of neonatal care is one of the major factors hindering the European fetal and neonatal care equipment market.

Europe Fetal & Neonatal Care Equipment Industry Segmentation

As per the scope of the report, fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions, to examine fetal health during labor and delivery. Neonatal devices are extensively used in neonatal intensive care units (NICUs), where complex machines and monitoring devices are designed for the unique needs of newborn babies. The Europe Fetal and Neonatal Care Equipment Market is segmented by Product Type and Geography. By Product Type, the market is segmented into Fetal Care Equipment (Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, and Other Fetal Care Equipment), and Neonatal Care Equipment (Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance, and Monitoring Devices, and Other Neonatal Care Equipment). By Geography, the market is segmented into Germany, United Kingdom, France, Italy, Spain and Rest of Europe. The report offers the value (in USD million) for the above segments.

By Product Type
Fetal Care Equipment
Fetal Dopplers
Fetal Magnetic Resonance Imaging (MRI) Devices
Ultrasound Devices
Fetal Pulse Oximeters
Other Fetal Care Equipment
Neonatal Care Equipment
Incubators
Neonatal Monitoring Devices
Phototherapy Equipment
Respiratory Assistance and Monitoring Devices
Other Neonatal Care Equipment
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Fetal and Neonatal Care Equipment Market Size Summary

The Europe Fetal and Neonatal Care Equipment Market is poised for significant growth over the forecast period, driven by an increasing number of preterm and low-weight births, advancements in maternal and infant care technologies, and a rise in congenital and pregnancy-related complications. The demand for neonatal devices is particularly fueled by the necessity for specialized care in neonatal intensive care units (NICUs) due to the high incidence of preterm births, which are a leading cause of early childhood mortality in the region. Despite the challenges posed by the COVID-19 pandemic, which has not significantly heightened the demand for such equipment, the market continues to expand as the prevalence of preterm births and associated health issues rises. The need for continuous neonatal monitoring systems, which track vital physiological parameters, is expected to increase, further propelling market growth.

The market landscape is characterized by a consolidated structure, with major players like Dragerwerk AG & Co. KGaA, GE Healthcare, and Siemens Healthineers AG holding substantial market shares. These companies are actively engaging in strategic initiatives such as collaborations, business expansions, and product innovations to maintain their competitive edge. Notable developments include the introduction of advanced monitoring devices and the acquisition of innovative medical technology firms to enhance product offerings. The focus on research and development, alongside the growing awareness and adoption of wireless monitoring technologies, is anticipated to drive segment growth. As the demand for neonatal care equipment continues to rise, driven by the increasing prevalence of preterm births and the need for advanced monitoring solutions, the market is expected to witness robust expansion in the coming years.

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Europe Fetal and Neonatal Care Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Preterm and Low-weight Births

      2. 1.2.2 Rise in Demand and Technological Advancement in Infant and Maternal Care Products

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost Associated with Neonatal Care

      2. 1.3.2 Stringent Regulatory Policies for New Devices Approval

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Fetal Care Equipment

        1. 2.1.1.1 Fetal Dopplers

        2. 2.1.1.2 Fetal Magnetic Resonance Imaging (MRI) Devices

        3. 2.1.1.3 Ultrasound Devices

        4. 2.1.1.4 Fetal Pulse Oximeters

        5. 2.1.1.5 Other Fetal Care Equipment

      2. 2.1.2 Neonatal Care Equipment

        1. 2.1.2.1 Incubators

        2. 2.1.2.2 Neonatal Monitoring Devices

        3. 2.1.2.3 Phototherapy Equipment

        4. 2.1.2.4 Respiratory Assistance and Monitoring Devices

        5. 2.1.2.5 Other Neonatal Care Equipment

    2. 2.2 Geography

      1. 2.2.1 Germany

      2. 2.2.2 United Kingdom

      3. 2.2.3 France

      4. 2.2.4 Italy

      5. 2.2.5 Spain

      6. 2.2.6 Rest of Europe

Europe Fetal and Neonatal Care Equipment Market Size FAQs

The Europe Fetal and Neonatal Care Equipment Market size is expected to reach USD 1.88 billion in 2024 and grow at a CAGR of 6.69% to reach USD 2.59 billion by 2029.

In 2024, the Europe Fetal and Neonatal Care Equipment Market size is expected to reach USD 1.88 billion.

Europe Fetal and Neonatal Care Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)