North America Fetal And Neonatal Care Equipment Market Forecast 2017-2027
KEY FINDINGS North America accounts for largest market share in the global Fetal and Neonatal care equipment market and is anticipated to dominate the market during the forecast period as well. The global market for Fetal & Neonatal Care equipment is anticipated to grow at an approximate CAGR of 5.7% between 2017 and 2027. Premature rupture of membranes, an increase in the number of caesarean child births and emergency events leads to the rise in the number of premature births. The acceleration in the requirement for Fetal & Neonatal Care equipment market is due to increasing premature births.
MARKET INSIGHTS The Fetal and Neonatal care equipment market is categorized based on Product and Geography. The Product market is segmented into NICU equipment, Labor and Delivery and Other NICU and Labor & Delivery equipment. The North America market on the basis of Geography is segmented into the United States and Canada. The rise in fertility rate besides the increase in the birth rate and preterm birth rate and minimally invasive surgery techniques are dominant drivers for the growth of Fetal & Neonatal Care equipment market. The technological advancements that enable the demands for prenatal therapeutics, monitoring devices and diagnostics also propel the market growth. Major companies are involving R&D for development of new technologies for the treatment of infants and to boost the market. With an upsurge in the R&D, the healthcare expenditures are increasing simultaneously with an increase in the prices of healthcare products and services.