Fetal and Neonatal Monitoring are anticipated to grow at a value CAGR of ~6.7% over 2019-2028. According to a study published by Insure Insights on the Fetal and Neonatal Monitoring market is anticipated to grow in the coming years. The prevalence of preterm births has increased in recent decades. There is steep growth in the preterm births, which are prone to diseases and infections. The newborns are kept under observation using monitoring equipment. The increased the demand for monitoring devices and equipment, coupled with the technological advancements in the equipment is anticipated to how lucrative growth in the industry. The growth in the awareness is anticipated to boost the industry in the next few years.

Top Driver: Increase In the Preterm Births To Boost The Industry

Fetal and Neonatal Monitoring is anticipated to grow, due to the increase in the number of preterm births and the risks associated with it in the coming years. There is a steep rise in the fetal monitoring due to the surge in the infections and the need for care, which is anticipated to help the market growth in the next few years. The growth in the technology is also aiding the growth of the market in the forecast period.

Hospitals to Make Crucial Contribution to Growth of Global Fetal and Neonatal Monitoring Market

Among end-users segments of the global Fetal and Neonatal Monitoring market, hospitals are predicted to show significant growth in future. The hospital has larger flow of the patients and is anticipated to help the industry grow. The hospitals have adapted the newer technologies due to the growth in the demand for the neonatal and fetal care contributing to the lucrative growth of the industry in the forecast period. Furthermore, the neonatal care centers are anticipated to gain highest CAGR in the coming years. This owes to the increase in the number of advanced technologies in the centers and is anticipated to grow further in the near future.

Rising Research and Development to Benefit North America Market

North American countries such as the US are predicted to maximize their better neonatal and fetal monitoring technologies in future. The growth in the Research and Development of the Equipments in the region would help the market gain maximum revenue shares in the forecast period. Furthermore, the region has very high expenditure on healthcare which would contribute to help the market gain lucrative growth in the coming years. Furthermore, a large population in developed countries likes US and Canada has invested and are covered under medical and health insurance and hence, are able to afford these care units, helping the market to grow further.

Players to Focus on Fetal and Neonatal Monitoring

The global Fetal and Neonatal Monitoring market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Medtronic, Philips Healthcare, Masimo, GE Healthcare, Edwards Lifesciences, Mindray Medical, Natus Medical, Honeywell Life Sciences, Welch Allyn, Omron Healthcare, Nihon Kohden, and Spacelabs Healthcare

Medtronic, Inc.: In June 2014, Medtronic, Inc., a global leader in medical technology, services and solutions, and Covidien plc, a global healthcare technology and medical supplies provider, announced that they have entered into a definitive agreement under which Medtronic has agreed to acquire Covidien in a cash-and-stock transaction valued at $93.22 per Covidien share, or a total of approximately $42.9 billion, based on Medtronic’s closing stock price of $60.70 per share.

Philips Healthcare: In 2016, Philips and Monica Healthcare had announced an exclusive global collaboration on fetal monitoring solution that will advance maternal and child care by helping to monitor at-risk patients, especially those with a high BMI. Under the co-development agreement, the companies will integrate Monica’s latest signal acquisition technology into the Philips Avalon CL product platform, continuing to advance maternal and child care by helping to monitor at-risk patients.

Scope of the Report

By Product

• Fetal Monitoring
• Neonatal Monitoring Devices

By End User

• Hospitals
• Neonatal Care Centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.