Market Trends of Europe Fetal and Neonatal Care Equipment Industry
This section covers the major market trends shaping the Europe Fetal & Neonatal Care Equipment Market according to our research experts:
Neonatal Monitoring Devices Sub-segment in Neonatal Care Equipment is Expected to Witness the Highest CAGR over the Forecast Period
Neonatal monitoring refers to the monitoring of vital physiological parameters of premature infants. Continuous health monitoring for neonates provides crucial parameters such as cessation of breathing, heart rhythm disturbances and drop in blood oxygen saturation, etc. Vital parameters of clinical relevance for neonatal monitoring include body temperature, electrocardiogram (ECG), respiration, and blood oxygen saturation. Body temperature is monitored with adhesive thermistors; ECG and respiration are obtained by adhesive skin electrodes. The oxygen saturation of the blood is monitored by a pulse oximeter with the sensor applied on the foot or palm of the neonate. With the growing prevalence of preterm births in the European countries due to changing lifestyles of mothers and the increasing age of pregnancy in the region, the need for these NICU monitoring systems is expected to increase over the coming years. Preterm-born babies are more prone to infections and diseases and require more care. According to an article published in 2018 by Sandrine Ceurstemont, about 500,000 babies are born prematurely in Europe every year and numbers are increasing. As these babies require more care, an increase in preterm birth is expected to drive the market growth.
The growing need for neonatal monitors, increasing awareness and research on wireless monitors, and the collaborations of these regions with major players and their launches in this region are anticipated to boost the segment growth over the forecast period. For instance, in Feb 2021, Medtronic plc completed its study on Newborns using Nellcor Pulse Oximetry Technology and revealed that the stable signal was obtained from all 60 newborns with the Nellcor pulse oximeter, thus suggesting this device as a simple, noninvasive bedside monitoring device for neonates in the detection of oxygen saturation levels and heart rate. Thus, owing to the aforementioned factors, the studied segment is expected to register the highest CAGR over the forecast period in the region.
