Fetal and Neonatal Care Equipment Market Share, Size, Trends, Industry Analysis Report
By Product (Fetal care Equipment, Neonatal Care Equipment); By End-Use; By Region; Segment Forecast, 2025 - 2034
- Published Date:Oct-2025
- Pages: 114
- Format: PDF
- Report ID: PM2602
- Base Year: 2024
- Historical Data: 2020-2023
The global fetal and neonatal care equipment market was valued at USD 9.13 billion in 2024 and is expected to grow at a CAGR of 6.3% during the forecast period. The growing demand for fetal and neonatal care equipment market is expected to be driven by the increasing birth rates across many developing countries, rising preterm birth rates, and many government initiatives to create awareness about infant health.
Key Insights
- In 2024, the fetal care equipment segment dominated the market due to the advancements in technology and increased awareness among individuals.
- The clinics segment is expected to witness rapid growth during the forecast period. This is due to the rising demand for clinics across developing countries.
- In 2024, North America dominated the market, primarily due to the region's high preterm birth rate and favorable reimbursement structures.
- The Asia Pacific is expected to witness rapid growth during the forecast period. This growth is driven by the rise in government initiatives and increasing awareness about newborn health and care.
Industry Dynamics
- The demand for fetal and neonatal care equipment has increased due to the rise in the number of preterm births and unhealthy babies across many regions.
- Government initiatives and policies aimed at reducing the infant mortality rate is due to the establishment of the Infant Mortality Fund and the mandate to adopt advanced, life-saving medical equipment in healthcare facilities.
- The high cost of advanced equipment for training creates substantial challenges for hospitals to adopt fetal and neonatal care equipment.
- The rise in healthcare and technological advancement create growth opportunities for affordable, portable, and AI-integrated devices.
Market Statistics
- 2024 Market Size: USD 9.13 billion
- 2034 Projected Market Size: USD 16.83 billion
- CAGR (2025-2034): 6.3%
- Largest market in 2024: North America
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AI Impact on Fetal and Neonatal Care Equipment Market
- Predictive monitoring and diagnostics for proactive and timely medication intervention is achived through patient data to predict health risk early.
- Streamline complex scans and vitals with analysis to reduce workload and minimize human error.
- Customizes therapy and environment control in incubators according to the need for each baby.
- Innovation in integrated systems boost the market growth for smart and connected equipment to create a new premium segment.
Fetal and neonatal care equipment are medical devices used to monitor and support a baby's health before birth, during their first month. The demand for neonatal equipment is increasing due to high birth rates, and public and private organizations are making efforts to raise awareness about the equipment for newborns' health across rural and urban regions, ultimately increasing the sales of these devices.
Furthermore, the growing rates of hospital-acquired infections in neonates and the availability of many NICUs across rural and urban areas focusing on maternal and child health are expected to have a positive impact on the market growth.
The economic slowdown and reduced operations have resulted in a sharp decline in neonatal and fetal devices. Moreover, due to the rise, the infection led to fear among hospitals and infant care centers of spreading the infection, which resulted in the shutdown of clinics and hospitals, and consequently, a decrease in the number of neonatal patient admissions.
However, as activities resumed, an increased demand for fetal and neonatal devices was observed, as it became convenient to use these devices at home, which drove market growth. The advancement in technologies to monitor maternal and fetal care, along with the development of lightweight and cost-efficient devices, is likely to complement market growth over the forecast period. In addition, the growing number of premature births with low birth weight and low immunity has created a lucrative opportunity to develop new innovative devices, which will support the market growth over the forecast period.
Industry Dynamics
Growth Drivers
The global fetal and neonatal care equipment is driven by the demand in the Asia Pacific owing to the increasing number of preterm births and unhealthy babies across many regions. The challenges due to genetic changes and changes in lifestyle result in unhealthy and underweight babies, which eventually raise the demand for fetal and neonatal care equipment.
Moreover, government initiatives and policies aimed at reducing the infant mortality rate are also contributing to market growth. Additionally, the increasing demand for high-performing equipment to monitor premature infants is a major factor driving market growth.
Report Segmentation
The market is primarily segmented based on product, end-use, and region.
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By Product |
By End-Use |
By Region |
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Segmental Insights
Product Analysis
The fetal care equipment segment accounted for the highest revenue share in 2024 owing to advancements in technology and increased awareness among individuals is driving the growth of the market. The sub-segment ultrasound devices have dominated and are expected to grow over the forecast period owing to the application of observing fetuses during stages of pregnancy. In addition, advanced devices such as portable ultrasound devices could be operated in-house, which is increasing the demand for the equipment segment.
Neonatal care equipment is also expected to grow over the forecast period owing to ease of availability and the convenience with which it could be used at home. Moreover, the respiratory devices segment is expected to grow and would continue to dominate the market as rising respiratory problems among infants. Demand for neonatal ventilators is growing to shorten hospital stays and reduce the risk of long-term disability, which is expected to grow over the forecast period.
End Use Analysis
The hospital segment dominated the market owing to the increasing adoption of fetal and neonatal care equipment across developed and developing countries. The advancement in technologies and availability of professionals to improve patient care are driving the growth of the market. Furthermore, increasing numbers of NICUs in hospitals and rising number of patients are boosting the growth of this segment.
Clinics are expected to witness the fastest growth during the foreacast period. The rising demand for clinics across developing countries such as India, China, and Nigeria owing to rapid diagnosis and effective care through specialized care and specialty clinics is accelerating the demand. Moreover, the demand for clinics usually rises as bigger facilities are not available to meet the needs of the consumer, which is one of the factors to drive the market growth.
Regional Analysis
North America Fetal and Neonatal Care Equipment Market Insights
North America accounted for the largest revenue share in 2024, primarily due to the region's high preterm birth rate and the presence of excellent reimbursement structures, which drive market growth. Advanced products that enhance healthcare facilities and address lifestyle challenges are among the factors driving the segment's growth. This growth is further boosted by government funding and high spending, which enables the adoption of advances in technology. The presence of global medical device manufacturers boosts market demand with early adoption of AI monitoring devices. Awareness and demand for clinical standards create market consistency for premium care equipment. R&D efforts, combined with product launches in this region, expand the available treatment options.
Asia Pacific Fetal and Neonatal Care Equipment Market Assessment
The Asia Pacific is expected to witness the fastest growth during the forecast period, driven by growing government initiatives and increasing awareness about newborn health and care. Furthermore, increasing birth rates among developing countries and the manufacturing of many fetal and neonatal equipment across the regions, including incubators, infant warmers, and ultrasound systems, are expected to boost the segment. The growth is further boosted by the rise in healthcare expenditure and a rapid expansion in medical infrastructure, including new care units. The underserved population also presents opportunities for international companies to attract investments. Advances in care are making equipment more accessible for local manufacturers, allowing them to reduce costs. Furthermore, the growth in reducing mortality rates is driving investments in modern technologies by both the government and the private sector.
Competitive Insight
Some of the major players operating in the global market Include Ambu A/S, Arjohuntleigh, Atom Medical Corporation, Becton Dickinson, Cardinal Health, Covidien, Dragerwerk AG & Co. Kgaa, Fisher & Paykel Healthcare Limited, GE Healthcare, Inspiration Healthcare Group Plc, Koninklijke, Philips N.V., Masimo, Medtronic, Natus Medical Incorporated, Phoenix Medical Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products and Vyaire Medical Inc.
Fetal and Neonatal Care Equipment Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 9.13 billion |
| Market size value in 2025 | USD 9.69 billion |
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Revenue forecast in 2034 |
USD 16.83 billion |
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CAGR |
6.3% from 2025 - 2034 |
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Base year |
2024 |
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Historical data |
2020 - 2023 |
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Forecast period |
2025 - 2034 |
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Quantitative units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Segments covered |
By Product, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Ambu A/S, Arjohuntleigh, Atom Medical Corporation, Becton Dickinson, Cardinal Health, Covidien, Dragerwerk AG & Co. Kgaa, Fisher & Paykel Healthcare Limited, GE Healthcare, Inspiration Healthcare Group Plc, Koninklijke, Philips N.V., Masimo, Medtronic, Natus Medical Incorporated, Phoenix Medical Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products and Vyaire Medical Inc. |
FAQ's
• The global market size was valued at USD 9.13 billion in 2024 and is projected to grow to USD 16.83 billion by 2034.
• The global market is projected to register a CAGR of 6.3% during the forecast period.
• North America dominated the global market share in 2024.
• A few of the key players in the market are Ambu A/S, Arjohuntleigh, Atom Medical Corporation, Becton Dickinson, Cardinal Health, Covidien, Dragerwerk AG & Co. Kgaa, Fisher & Paykel Healthcare Limited, GE Healthcare, Inspiration Healthcare Group Plc, Koninklijke, Philips N.V., Masimo, Medtronic, Natus Medical Incorporated, Phoenix Medical Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products and Vyaire Medical Inc.
• In 2024, the fetal care equipment segment dominated the market.
• The clinics segment is expected to witness rapid growth during the forecast period.
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