Fetal And Neonatal Care Equipment Market

Global Fetal and Neonatal Care Equipment Market Size (2024 to 2029)

The global fetal and neonatal care equipment market size was valued at USD 30.77 billion in 2024. By 2029, the market is anticipated to grow by USD 42.36 billion, registering a CAGR of 6.6% from 2024 to 2029.

MARKET DRIVERS

The rising prevalence of preterm births is one of the key factors propelling the fetal and neonatal care equipment market growth. Preterm birth is one of the leading causes of neonatal mortality and morbidity worldwide.

As per the data published by World Health Organization (WHO), 1 in every 10 births globally is preterm and an estimated 15 million preterm births happen worldwide every year. The incidence of preterm births is high in the developing and underdeveloped countries compared to the developed countries. Preterm births are a significant issue in developing and underdeveloped countries as these countries lack quality maternal and neonatal healthcare. Infants who born preterm usually be at higher risk of developing several complications including respiratory distress syndrome, sepsis and hypothermia. Healthcare organizations have been using specialized fetal and neonatal care equipment, such as incubators, ventilators and neonatal monitoring devices to treat preterm infants and have significantly improved the survival rates and outcomes of preterm infants. Likewise, the growing number of preterm births is driving the demand for fetal and neonatal care equipment and this trend is likely to accelerate in the coming years and drive the market growth.

The growing awareness among people about the importance of maternal and neonatal health boosts the market’s growth rate.

The awareness of people regarding proper maternal and neonatal care has increased significantly in recent years and contributed to the increased demand for specialized medical equipment for the early detection and treatment of various fetal and neonatal conditions. Governmental and non-governmental organizations have been taking several initiatives to make people aware of the importance of maternal and neonatal health. Such initiatives contributed to the increased demand for fetal and neonatal care equipment.

The growing investments from governmental and non-governmental organizations to improve the healthcare infrastructure and use of advanced medical equipment favor market growth.

The growing funding from market participants for the R&D of fetal and neonatal care equipment contributes to the growth rate of the market. The rising demand for personalized medicine in the field of neonatal and fetal care contributes to the market growth. Personalized medicine has been used in recent years to treat fetal and neonatal conditions and has seen improved accuracy in diagnosis and treatments. This trend is likely to continue in the coming years and favor the market’s growth rate.

The growing focus of healthcare organizations to deliver quality healthcare, an increasing number of neonatal intensive care unit (NICU) admissions, rising awareness about the importance of fetal and neonatal care, a growing geriatric population, and a growing number of hospitals and clinics, particularly in the emerging economies further promote the market growth.

MARKET RESTRAINTS

On the other hand, the high cost of fetal and neonatal care equipment is one of the major factors hampering the market growth.

Stringent regulatory environment to ensure patient safety for fetal and neonatal care equipment is another major attribute hindering market growth. Lack of access to quality healthcare, particularly in low-income countries and limited awareness among people in underdeveloped countries regarding the benefits of fetal and neonatal care equipment further inhibit the market’s growth rate. High maintenance and operational costs associated with fetal and neonatal care equipment impede market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Fetal and Neonatal Care Equipment Market Analysis By Product Type

Based on product type, the neonatal care equipment segment is predicted to register a healthy CAGR during the forecast period. The growing prevalence of neonatal diseases such as respiratory distress syndrome, jaundice, and infections primarily drives segmental growth. As per the statistics published by World Health Organization (WHO), an estimated 6700 newborn babies die every day. Technological advancements contribute to segmental growth. Neonatal care equipment such as incubators, infant warmers, respiratory devices, phototherapy equipment, and neonatal monitoring devices have experienced several technological upgrades in recent years and become more advanced, efficient, and effective in treating neonatal health conditions. The growing use of personalized medicine for newborns propels segmental growth.

The fetal care equipment segment is expected to account for the largest share of the global market during the forecast period due to the growing incidence of preterm births. The growing adoption of technological advancements to develop new and innovative fetal care equipment such as fetal monitors, fetal dopplers, and ultrasound machines with advanced features such as wireless monitoring, data analysis software, and improved imaging capabilities is further boosting segmental growth.

Global Fetal and Neonatal Care Equipment Market Analysis By End User

Based on end-users, the hospital segment had the major share of the global market in 2024 and the segmental domination is estimated to continue throughout the forecast period. The growing patient population visiting hospitals for treatment needs, rising demand for neonatal and fetal care services, and the availability of advanced medical equipment and technologies majorly drive segmental growth. The availability of trained healthcare professionals and specialists and an increasing number of initiatives and policies from several governments supporting the expansion of hospital infrastructure further contribute to segmental growth.

The clinic segment had a considerable share of the worldwide market in 2024 and is predicted to register a healthy CAGR during the forecast period. The rising demand for personalized care and convenience, the availability of outpatient neonatal and fetal care services, raising awareness about the importance of prenatal and neonatal care, and an increasing number of initiatives and policies from governments supporting the establishment and expansion of clinics in rural and remote areas majorly propel the segmental growth.

REGIONAL ANALYSIS

The North American fetal and neonatal care equipment market was the biggest regional segment in the worldwide market in 2024 and is predicted to hold the dominating share of the global market throughout the forecast period. The U.S. market is expected to occupy the major share of the North American market during the forecast period due to the rising demand for advanced equipment for better treatment. Moreover, high awareness of fetal and neonatal care and the increasing number of Neonatal Intensive Care Unit (NICU) admission further contribute to the U.S. market growth. As a result, the United States dominated the North American fetal and neonatal care equipment market in 2024. This dominance is attributed mainly to the high rate of preterm births, the presence of a good reimbursement structure, the high incidence of neonatal abstinence syndrome (ANS), the rate of maternal mortality, lifestyle challenges (such as obesity, smoking, diabetes, and unhealthy diet) and the availability of well-equipped neonatal intensive care centers. On the other side, the Canadian market is expected to hold second place in the North American fetal and neonatal care equipment market during the forecast period due to well-established healthcare facilities and increased demand for advanced healthcare systems. In Canada, the value-based health model has led to the development of highly specialized neonatal intensive care centers, increasing the number of FDA devices.

The Asia Pacific fetal and neonatal care equipment market is expected to be the fastest-growing regional market. It is estimated to grow at a promising CAGR during the forecast period. The presence of a large population base, the higher number of neonatal births, growing disposable income, urbanization and improving healthcare facilities in countries like China and India primarily drive the APAC market growth.

The European fetal and neonatal care equipment market had a substantial share of the global market in 2024 and is anticipated to grow at a notable CAGR during the forecast period. The rising incidence of premature childbirth and c-section deliveries that result in childbirth complications, growing hospitals and government initiatives to decrease infant mortality rates fuel the regional market growth. The mature healthcare system and a strong emphasis on providing quality care to newborns in Europe further boost the growth rate of the European market. The growing investments for the development of healthcare infrastructure, increasing demand for fetal and neonatal care equipment, rising prevalence of preterm births and the growing awareness about the importance of neonatal care contributes to the European market growth. The UK, Germany, Spain and France held control of a major share of the European market in 2023.

The Latin American fetal and neonatal care equipment market is predicted to hold a considerable share of the global market during the forecast period due to the growing number of advancements in healthcare infrastructure, an increasing focus on reducing infant mortality rates and the growing healthcare expenditure and investments in improving neonatal care facilities.

The MEA fetal and neonatal care equipment market is anticipated to witness a steady growth rate during the forecast period. The rising birth rate and increasing healthcare spending in countries like Saudi Arabia, the United Arab Emirates and South Africa propel the regional market growth.

KEY MARKET PLAYERS

Some of the noteworthy companies in the global fetal and neonatal care equipment market profiled in the report are GE Healthcare, Dickinson, and Company, Philips Healthcare, Medtronic, Drägerwerk AG & Co, KGaA, Medtronic plc, and Masimo Corporation.

DETAILED SEGMENTATION OF THE GLOBAL FETAL AND NEONATAL CARE EQUIPMENT MARKET INCLUDED IN THIS REPORT

This market research report on the global fetal and neonatal care equipment market has been segmented and sub-segmented into the following categories.

By Product Type

• Fetal Care Equipment

  • Fetal Dopplers
  • Ultrasound Devices
  • Fetal Monitors
  • Fetal MRI Systems
  • Fetal Pulse Oximeters
• Neonatal Care Equipment
  • Incubators
  • Infant Warmers
  • Respiratory Devices
  • Phototherapy Equipment
  1. Neonatal Monitoring Device

By End User

• Hospitals
• Clinics

By Region

• North America
• Europe
• Asia-pacific
• Latin America
• The Middle East and Africa