According to Data Bridge Market Research new Market report, global fetal and neonatal critical care equipment market accounted to an estimated USD 6.59 billion in 2018 growing at a CAGR of 6.05% during the forecast period of 2019 to 2026.
Global Fetal and Neonatal Critical Care Equipment Market
Fetal and neonatal critical care equipment is the medical devices that are used for monitoring the health, status and prevent the avoidable deaths of children. These devices are installed for the care and treatment of babies in the neonatal intensive care unit (NICU).
These devices are even used to feed the babies medicine, fluids or even draw blood, check the blood pressure, treat a number of diseases and continuously monitor the status and health of the baby.
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Segmentation: Global Fetal and Neonatal Critical Care Equipment Market
Global fetal and neonatal critical care equipment market is segmented on the basis of fetal care equipment type, neonatal care equipment type, and geography.
By Fetal Care Equipment Type (Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors, Fetal Pulse Oximeters), Neonatal Care Equipment Type (Infant Warmers, Incubators, Convertible Warmers & Incubators, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Diagnostic Imaging Devices), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN FETAL AND NEONATAL CRITICAL CARE EQUIPMENT MARKET:
High Levels of Children Deaths:
According to World Health Organization, there were an estimated 6.3 million deaths of children under the age of 15 in 2017. Out of those 5.4 million children were under the age of 5 and out of those 2.5 million were only a month old. Almost half of these deaths could have been avoided with some simple healthcare access.
This alarming and significant number of infant deaths is expected to drive the market for fetal and neonatal critical care equipment market.
Key Market Competitors: Global Fetal and Neonatal Critical Care Equipment Market
Few of the major competitors currently working in the fetal and neonatal critical care equipment market are Atom Medical Corporation, BD, Drägerwerk AG & Co. KGaA, General Electric Company, Koninklijke Philips N.V., Masimo, Medtronic, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd., Fisher & Paykel Healthcare Limited, Utah Medical Products Inc., Spacelabs Healthcare, Analogic Corporation, Welch Allyn, and Nonin.
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