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

The North American fetal and neonatal care equipment market is projected to experience significant growth, driven by factors such as the increased demand due to the COVID-19 pandemic, the rising number of preterm and low-weight births, and advancements in technology. The pandemic highlighted the need for such equipment to ensure the health of newborns, particularly when separation from mothers was necessary. Technological innovations, like smart warming systems and advanced incubators, are expected to further propel the market. Despite these growth drivers, challenges such as high costs and stringent regulatory requirements may impede market expansion.

Market Size of North America Fetal and Neonatal Care Equipment Industry

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North America Fetal and Neonatal Care Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.20 %
Market Concentration Medium

Major Players

North America Fetal and Neonatal Care Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Fetal and Neonatal Care Equipment Market Analysis

The North American fetal and neonatal care equipment market is expected to register a CAGR of 7.2% over the forecast period.

The COVID-19 pandemic moderately impacted market growth. The high number of pregnant women suffering from COVID-19 during the pandemic has tremendously increased the demand for fetal and neonatal care equipment. For instance, according to the study published in NCBI in January 2022, in response to the increase in the number of pregnant women who tested positive for SARS-CoV-2 and who were referred to maternity hospitals for delivery as part of the COVID-19 pandemic in the spring of 2020, the United States hospitals rapidly created and implemented clinical guidelines about maternal and newborn peripartum care. Furthermore, the study also stated that interim guidelines from the American Academy of Pediatrics (AAP) dated April 2, 2020, and May 21, 2020 recommended temporary separation of mother and child as the safest practice to minimize the risk of mother-to-child transmission during the postpartum period. Therefore, the increased number of pregnant women with COVID-19 highly increased the demand for fetal and neonatal care equipment, as these items are necessary to maintain the health of the newborn baby when they are separated from their mothers. Thus, the market witnessed considerable growth during the pandemic and is expected to maintain an upward trend over the forecast period.

The increasing number of preterm and low-weight births, increased awareness for prenatal and neonatal care, and increasing technological advancement in infant and maternal care products are the major factors propelling the market growth. For instance, as per the study published in NCBI in March 2021, a search was conducted in Canada in 2020, which demonstrated that adolescent mothers witnessed a 56.0% increase in the prevalence of low birth weights, a 23.0% increase in preterm birth, and a 20.0% increase in stillbirth. Similarly, as per the report published by the CDC in November 2021, preterm birth affected 1 of every 10 infants born in the United States in 2020. It was also reported that the preterm birth rate among African American women (14.4%) was about 50.0% higher in 2020 than the preterm birth rate among white or Hispanic women (9.1% and 9.8%, respectively). Since fetal and neonatal care equipment is one of the essential requirements for managing preterm birth, such instances are expected to spur market growth and are likely to do the same over the forecast period.

The technological advancements related to fetal and neonatal care equipment in North America are also anticipated to drive market growth. For instance, in April 2021, the researchers at Nottingham Trent University developed a smart warming system that can provide enough heat to ensure premature babies are kept warm. Such active warming can avoid the need for more intensive intervention down the line and improve a baby's early development. Similarly, Dräger's BabyLeo is equipped with new technology that is designed to meet the needs of the child and their family to ensure that the child receives the best possible treatment. The device is designed to keep the baby warm as an incubator, a radiant warmer, and during the transition between close and open care. Its connected heater, dual radiant heater, and heated mattress are synchronized to maintain a stable temperature at all times, regardless of which setting needs to be used. Therefore, such technological advancements are expected to positively impact the market, and considerable market growth is anticipated over the forecast period.

However, the high cost associated with neonatal care equipment and stringent regulatory policies for new device approval may hinder market growth over the forecast period.

North America Fetal and Neonatal Care Equipment Industry Segmentation

As per the scope of the report, fetal and neonatal care equipment is specialized equipment that is used to diagnose, monitor, and treat diseases and health problems in fetuses and newborns. These devices are key for routine checks in gynecological and obstetrical interventions. Fetal and neonatal care is primarily focused on the child's health and diseases from the perinatal period to the adolescent stage driven by the technological advancement in infant and maternal care products. The North America Fetal and Neonatal Care Equipment Market are segmented by Product Type (Fetal Care Equipment (Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, Other Fetal Care Equipment)) and Neonatal Care Equipment (Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance, and Monitoring Devices, and Other Neonatal Care Equipment)), and Geography (United States, Canada, and Mexico). The report offers the value (in USD million) for the above segments.

By Product
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
United States
Canada
Mexico
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North America Fetal and Neonatal Care Equipment Market Size Summary

The North American fetal and neonatal care equipment market is poised for significant growth, driven by a combination of factors including the increasing prevalence of preterm and low-weight births, heightened awareness of prenatal and neonatal care, and rapid technological advancements in maternal and infant care products. The COVID-19 pandemic played a role in accelerating demand for these medical devices, as hospitals adapted to manage the health of newborns separated from their mothers due to maternal COVID-19 infections. This surge in demand has set a positive trajectory for the market, which is expected to continue its upward trend over the forecast period. Technological innovations, such as smart warming systems and advanced incubators, are further enhancing the capabilities of fetal and neonatal care equipment, contributing to market expansion.

The market landscape is characterized by a competitive and fragmented environment, with key players like GE Healthcare, Medtronic PLC, and Koninklijke Philips NV leading the charge. The introduction of innovative devices, such as ultrasound technologies integrated with artificial intelligence to predict preterm births, underscores the ongoing advancements in the sector. These developments are anticipated to drive segment growth, particularly in the United States, where the market is expected to dominate due to the rising number of newborns with low birth weight and preterm births. Despite challenges such as high costs and stringent regulatory requirements, the market is set to witness considerable growth, supported by the increasing pregnancy rates and the critical role of ultrasound devices in neonatal care.

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North America 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 Increasing Awareness for Prenatal and Neonatal Care and Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 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 (Market Size by Value - USD million)

    1. 2.1 By Product

      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 United States

      2. 2.2.2 Canada

      3. 2.2.3 Mexico

North America Fetal and Neonatal Care Equipment Market Size FAQs

The North America Fetal and Neonatal Care Equipment Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

GE Healthcare, Medtronic PLC, Koninklijke Philips N.V., Becton, Dickinson and Company and Siemens Healthineers AG are the major companies operating in the North America Fetal and Neonatal Care Equipment Market.

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