The global Fetal and Neonatal Care Equipment market size is expected to reach USD 14.23 billion by 2030, according to a new study by Polaris Market Research. The report “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, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for fetal and neonatal care equipment due to high preterm rates is expected to drive industry growth. Furthermore, advancement in technologies and awareness in rural and urban areas about premature birth and the development of devices for underweight babies is driving the growth of the market.
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In addition, the growing Fetal and Neonatal Care Equipment across developing economies such as India, Brazil, Mexico, Saudi Arabia, and China will positively impact the demand for the devices over the coming years. However, the availability of many NICUs across rural and urban areas is also expected to grow.
The COVID-19 pandemic had a negative impact on the demand for the market as many hospitals and clinic centers were forced to shut down during the outbreak. However, as industrial activities resumed in 2021, the demand for fetal and neonatal devices positively impacted product demand.
Fetal and Neonatal Care Equipment Market Report Highlights
Polaris Market Research has segmented the fetal and neonatal care equipment market report based on product, end-use, and region:
Fetal and Neonatal Care Equipment, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Fetal and Neonatal Care Equipment, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Fetal and Neonatal Care Equipment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)