Fetal (Labor & Delivery) and Neonatal Care Market by Product Type (Fetal Care Equipments and Neonatal Care Equipments), By End-Use (Hospitals, Clinics, Others), Forecasts to 2026
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The global Fetal (Labor & Delivery) and Neonatal Care Market was valued at USD 6.39 billion in 2018 and is expected to reach USD 9.80 billion by the year 2026, at a CAGR of 5.5%. Fetal (Labor & Delivery) and Neonatal Care Market are concentrated among a few top healthcare providers. A rising number of preterm births and increasing prevalence of low-weight births is distinctly fuelling the market growth. Maternal and infant care is a matter of concern across the globe today. While clinical care may be the primary concern, the manner in which consideration is given can have a significant impact on parental well-being.The growing technological advancements and growing demand for digital Doppler are gaining popularity as it provides a procedural advantage over the conventional Doppler. They are easy to use, handy loaded with novel features with additional digital display functionalities. The rising adoption of Doppler imaging preferably in the first trimester of pregnancy for the purposes of medical diagnosis, also rise in demand for assessment of fetal-placental circulatory system in the earlier days of pregnancy, increased usage of compact home use and new smartphone-based fetal monitoring are some of the critical drivers for the market. Existence of organizations such as the UNICEF (United Nations International Children Emergency Funds) and the United Nations Foundation, where maternal and infant care is the global issue of concern, and it is highly prioritized. Furthermore, HAIs are the primary concern for premature and infants born with a medical disorder that requires prolonged hospitalization and extensive care.
Numerous initiatives are taken up by the Government and several health regulatory institutions. Various organizations and foundations are raising funds for funding and investing in lifesaving neonatal equipment. Increased coordination and consolidation amongst healthcare providers which helps to navigate the diagnostic and treatment process, improved diagnosis process are enhancing the market growth further. Increased cases of medical disorder and death in infants is an outcome of Hospital Acquired Infections (HAIs). The causes of disease and death are generally controllable. A rising birth rate accompanied by devoted efforts for the safety of both mother and child is expected to propel the market further. The equipment used is costly, and the approvals are highly scrutinized across the globe. In addition, potential risks in clinical implication, different guidelines for clinical practice and trail, lack of awareness about neonatal care are the factors that impend the market growth and obstructs the fetal and neonatal care market.
GE Healthcare, Atom Medical, Philips Healthcare, Fisher & Paykel Healthcare, Drgerwerk AG & Co. KGaA, Medtronic plc, Masimo Corporation, Becton, Dickinson and Company, Koninklijke Philips N.V, THE DRAGER GROUP, and Medtronic.Labor & Delivery,Fetal Care Equipments and Neonatal Care Equipments,Hospitals, Clinics, Others
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