“The Global Fetal and Neonatal Monitoring Devices Market is expected to grow at a CAGR of 6.8% during the forecasting period (2021-2028)”.
The neonatal period is one of the most vulnerable periods for child’s health. According to World Health Organization (WHO), 340,000 maternal deaths, 2.7 million stillbirths and 3.1 million neonatal deaths occur worldwide each year. Fetal and neonatal critical care equipment are medical devices using which doctors can continuously monitor, evaluate and treat diseases in the prenatal and postnatal stages of infants. These devices are 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.
According to United Nations International Children and Emergency Funds (UNICEF), around 15 million babies are born preterm every year. Some of the reasons of preterm birth are rise in maternal age and changes in lifestyle such as smoking, drinking and obesity. Maternal & infant care is a global priority, as around 800 women die every day due to pregnancy or childbirth.
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The major drivers driving the market are rising cases of preterm birth due to premature rupture of the membrane, increase in maternal age, change in lifestyles such as drinking and smoking and technological advancements.
According to Centre for Disease Control and Prevention (CDC), the mean age of mothers at the time of first birth has increased from 24.9 years in 2000 to 27 years in 2018. Older mothers are more prone to chronic diseases and the babies are more susceptible to genetic disorders like Downs Syndrome. Furthermore, according to a study conducted by National Institute of Alcohol Abuse and Alcoholism in 2017, 86.4% of people aged 18 or older reported that they drank alcohol at some point in their lifetime, out of which 42% are women. Alcoholism leads to preterm birth and Fetal Alcohol Syndrome, that causes brain damage and growth problems and can’t be cured.
By Monitoring Devices
Fetal Monitoring Devices
Neonatal Monitoring Devices
Protable Monitoring Devices
Non-Protable Monitoring Devices
Neonatal Care Centers
Middle East & Africa
Some of the major key players are Becton, Dickinson and Company, FUJIFILM SonoSite, Inc., Medtronic, Drägerwerk AG & Co. KGAA, Cooper Surgical, Inc., CareFusion Corporation, Getinge AB, Natus Medical Incorporated, GE Healthcare and Siemens Healthcare GMBH.
The global fetal and neonatal monitoring devices market is majorly dominated by five companies. BD, Drager, Fisher and Paykel, GE healthcare and Philips Healthcare constituted for more than 70% of the market in 2018 out of which more than 50% is under BD, Drager and Fisher and Paykel. Many players in the market are applying multiple strategies such as – mergers, acquisitions, partnerships and launch new products to increase their global presence.
In September 2018, Koninklijke Philips N.V. announced that they had received a CE mark for its Avalon beltless system which is used for continuous fetal & maternal monitoring.
Sai Kiran Sales Manager at DataM Intelligence Email: [email protected] Tel: +1 877 441 4866 Website: www.datamintelligence.com