Fetal And Neonatal Monitoring Devices Global Market Analysis, Trends, Growth, Research And Forecast 2033

The fetal and neonatal monitoring devices market size has grown strongly in recent years. It will grow from $8.22 billion in 2023 to $8.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to maternal and neonatal health awareness, healthcare access, high-risk pregnancies, emerging markets growth.

The fetal and neonatal monitoring devices market size is expected to see strong growth in the next few years. It will grow to $10.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, personalized medicine, increased premature birth rates, value-based healthcare. Major trends in the forecast period include non-invasive monitoring, wearable and home monitoring devices, artificial intelligence (ai) and machine learning, data security and privacy.

Market Overview -
Fetal and neonatal monitoring devices are used to assess the fetal heart rate and contractions of the uterus during pregnancy and childbirth.

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Rising Prevalence Of Preterm Births Drives Growth In Fetal And Neonatal Monitoring Devices Market
The increasing prevalence of preterm births and the low body weight of infants act as a factor driving the fetal and neonatal monitoring devices market growth. Preterm birth refers to the premature birth of a child before 37 weeks gestation period, which leads to poor health and growth, mental retardation, visual and hearing impairments, cerebral palsy, and others. According to World Health Organization (WHO), around 1 million babies die each year and preterm birth was found to be one of the top reasons for the deaths. According to the report by WHO, nearly 15 million babies are born preterm every year and this number is expected to have a continuous rise shortly. The increasing prevalence and need to reduce infant mortality rates with improving healthcare conditions drive the fetal and neonatal monitoring devices market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2021 the preterm birth rate in American women was 10.5%.

Competitive Landscape -
Major companies operating in the fetal and neonatal monitoring devices market include GE Healthcare, Fisher & Paykel Healthcare Limited, Philips Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Analogic Corporation, Phoenix Medical Systems (P) Ltd., Becton Dickinson and Company, Masimo Corporation, Drägerwerk AG & Co. KGAA, CareFusion Corporation, Nonin Medical, Koninklijke Philips N.V., Welch Allyn Inc., Spacelabs Healthcare, Smiths Medical Inc., Getinge AB, FUJIFILM SonoSite Inc., Siemens Healthcare GMBH, Incereb Ltd., Utah Medical Products Inc., OSI Systems, Lutech Industries Inc., Neoventa Medical AB, CardiacDirect, International Biomedical Ltd., Medtronic Plc, Abbott Laboratories, Hill-Rom, Edwards Lifesciences, OMRON, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., CooperSurgical Inc., Huntleigh Healthcare Limited, Nihon Kohden Corporation, Arjohuntleigh Healthcare India Private Limited, Advanced Instrumentations, Dixion Vertrieb medizinischer Geräte GmbH, Mediana Co. Ltd., NCC Medical Co. Ltd.

Introduction Of Innovative Neonatal Care Warmer Setting A New Standard In Newborn Healthcare
Major companies operating in the fatty acid market are focusing on developing innovative devices, such as the Neonatal Care Warmer Babyroo TN300, to improve their position in their business. A neonatal care warmer, also known as an infant radiant warmer, is a medical device designed to provide a controlled and warm environment for newborn infants, especially those born prematurely or with certain medical conditions. For instance, in June 2023, Dräger, a Germany-based manufacturer of gas detection and analysis systems and breathing and protective equipment, launched the Neonatal Care Warmer Babyroo TN300. The Babyroo TN300 is a game-changer for newborn care in labor, delivery rooms, and NICUs. This open-care warmer, with resuscitation tools, offers a configurable design and cutting-edge thermoregulation. The pre-warm function ensures the mattress is ready at the perfect temperature for the baby, highlighting the product's dedication to a safe and cozy environment for newborns.

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Key Segments -

The fetal and neonatal monitoring devices market covered in this report is segmented -

1) By Equipment: Fetal, Neonatal
2) By Portability: Portable, Non Portable
3) By Fetal Care Equipment Type: Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors, Fetal Pulse Oximeters
4) By Neonatal Care Equipment Type: Infant Warmers, Incubators, Convertible Warmers & Incubators, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Diagnostic Imaging Devices
5) By End User: Hospitals, Diagnostic centers, Pediatric Clinics, Ambulatory Surgical Centers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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