Neonatal and fetal (labor and delivery) care equipment refers to a variety of medical devices used to provide specialized care to newborns and babies, as well as monitoring and assistance during labor and delivery. These critical instruments include incubators, radiant heaters, fetal monitoring, and neonatal ventilators, which are designed to protect both moms and infants.
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The use of neonatal and fetal monitoring equipment to reduce stillbirths, preterm births, and birth defects fuels the demand in the Neonatal Fetal (Labor Delivery) Care Equipment Market
In 2021, roughly 1.9 million stillbirths, defined as infants delivered with no signs of life at 28 weeks or later, happened worldwide. Furthermore, around 240,000 newborns die from congenital illnesses within 28 days after birth each year, and 3%-6% of infants born worldwide have significant birth problems. Furthermore, an estimated 15 million babies worldwide are born prematurely each year, accounting for more than one in every ten births. Thus, the use of improved Neonatal and Fetal Monitoring Equipment has developed as an important method in modern healthcare for combating stillbirths, preterm deliveries, and birth abnormalities. These monitoring technologies play a pivotal role in enhancing prenatal and neonatal care, offering healthcare providers valuable insights and early detection capabilities to mitigate risks and improve outcomes for both mothers and newborns.
The need for neonatal and fetal care equipment in the neonatal intensive care unit (NICU) drives Neonatal Fetal (Labor Delivery) Care Equipment Market growth
Neonatal Intensive Care facilities (NICUs) are specialist facilities that care for severly sick newborns. They may be stressful places for infants, parents, and caregivers. Nonetheless, advances in neonatal care have significantly improved outcomes for high-risk neonates, aided by technology developments designed expressly for NICUs. Respiratory function monitors, video laryngoscopy, and artificial intelligence are becoming critical in NICUs, playing a critical role in monitoring and giving important information. For instance,
- In June 2023, Dräger announced they have redefined open care with the FDA-cleared Babyroo TN300, a new open warmer that offers supportive lung protection and temperature stability from the moment of birth through discharge home
Key Challenges in the Neonatal Fetal (Labor Delivery) Care Equipment Market
The growth of the neonatal and fetal (Labor Delivery) care equipment market is expected to be affected by several factors, including the high costs associated with such equipment, a scarcity of specialized NICUs in various regions, a shortage of trained healthcare personnel, and the difficulty in ensuring proper sterilization to prevent healthcare-associated infections in neonatal units.
North America is expected to continue to have a major share of the Neonatal and Fetal (Labor and Delivery) Care Equipment Neonatal Fetal (Labor Delivery) Care Equipment Market
Geographically, North America dominates the Neonatal and Fetal (Labor Delivery) Care Equipment market. This is mostly due to the region's high premature birth rate, a considerable prevalence of neonatal abstinence syndrome (NAS), and the availability of well-equipped NICU facilities.
Competitive Landscape Analysis of the Neonatal Fetal (Labor Delivery) Care Equipment Market
Some of the key players operating in the market are Atom Medical Corporation, Cardinal Health, Covidien, GE Healthcare, Philips N.V., Masimo, and Medtronic, among others.
Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Neonatal Fetal (Labor Delivery) Care Equipment Market
Players operating in this market are adopting organic and inorganic growth strategies such as launching new products, acquiring related firms, and entering into mergers collaborations to garner higher market share. For instance,
- In November 2023, Royal Philips, announced that they had received a second round of funding from the Bill Melinda Gates Foundation to accelerate the global adoption of AI algorithms on Philips Lumify Handheld Ultrasound to expand access to maternal health
- In July 2023, Dräger announced that they have received 510(k) clearance from the U.S. Food Drug Administration (FDA) for the Evita V600, V800, and Babylog VN800, its newest devices for mechanical ventilation of adults to premature babies.
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