North America to Dominate Neonatal & Prenatal Care Market - TechSci Research

Rising awareness about neonatal & prenatal healthcare to drive global neonatal & prenatal care market during forecast period
According to TechSci Research report, “Global Neonatal & Prenatal Care Market By Equipment, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global neonatal & prenatal care market was valued at $ 6.7 billion in 2019 and is forecast to grow in the coming years on account of rising incidences of neonatal hospital-acquired infections among new-borns across the globe. Moreover, growing awareness pertaining to the neonatal health & care is further expected to bode well for the growth of global neonatal & prenatal care until 2025. In addition to this, a huge number of women everyday struggle from ailments which are associated with pregnancy or childbirth. This has resulted in surging demand for neonatal and fetal care, thereby driving the market growth across various economies. Moreover, rising incidences of preterm births coupled with increasing investments from major market players for developing innovative prenatal diagnostics and monitoring devices is making headway for the growth of global neonatal & prenatal care market over the coming years. Furthermore, lack of awareness related to advanced healthcare facilities along with economic constraints in developing countries might act as major impediment to the growth of global neonatal & prenatal care market through 2025.

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"Global Neonatal & Prenatal Care Market"

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Global neonatal & prenatal care market can be segmented based on equipment, application, end user, and region. Considering the equipment, the market is fragmented into prenatal and neonatal. The prenatal segment is further categorized into fetal doppler, fetal MRI, fetal monitor, fetal pulse oximetry and others. Out of these, fetal monitor segment dominated the market until 2019 and is anticipated to maintain its leading position during the forecast period as well, which can be attributed to its use in determining a baby's heart rate during pregnancy and labor. Similarly, the neonatal segment is further fragmented into incubators, neonatal monitoring device, phototherapy equipment, hearing and vision screening instrument and pulse oximetry. Among them, monitoring devices segment is projected to register significant growth in the years to come on account of factors like continuous technological advancements in neonatal monitors, which include enhancements in connectivity and ease-of-use under home settings.
Medtronic Plc., GE Healthcare, Cardinal Health Inc., Smith’s Medical Plc., Getinge AB, Atom Medical Corporation, Philips Healthcare, Masimo Corporation, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical Inc., Becton Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Hillrom Holdings Inc., Utah Medical Products Inc. are among the leading players operating in global neonatal & prenatal care market.

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“North America is forecast to dominate the global neonatal & prenatal care market over the course of next five years on the account of huge demand for technologically advanced medical products in the United States. Moreover, rising requirements of latest medical technologies and products in hospitals for several applications across major developing economies is anticipated to contribute to the rapid adoption of neonatal & prenatal care. Furthermore, high awareness rate regarding the health of expecting mothers and the newborns across the North American region is expected to boost the neonatal & prenatal care market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Neonatal & Prenatal Care Market By Equipment, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global neonatal & prenatal care market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global neonatal & prenatal care market.
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