North America Fetal And Neonatal Care Equipment Market Forecast 2018-2027
KEY FINDINGS North America accounted for a significant share of the global fetal and neonatal care equipment market in 2017 and is now further anticipated to dominate the market during the forecast period as well. By the end of 2027, the market is expected to register a CAGR of 4.80%, generating a total revenue of $4483 million.
MARKET INSIGHTS Canada and U.S are the major markets in the North American region. The U.S fetal and neonatal care equipment market dominated the North American market scene in 2017 and is expected to continue its successful run throughout the forecast period. Neonatal problems in the region are increasing due to factors like induced fertility, poor prenatal care, smoking, obesity, etc. Neonatal infant care products (equipment, drugs, and formulae) can thus prove lifesaving as they provide the respiratory and thermal support necessary for the survival of pre-term babies. Because of these factors, the North American region is witnessing a significant market demand.
COMPETITIVE INSIGHTS Some of the leading market players in this region include CareFusion, Atom Medical International, Medtronic Inc, Fisher & Paykel Healthcare Ltd, Ge Healthcare, Mallinckrodt, Integrated Medical Systems International Corporation, International Biomedical, Radiometer America Inc, Spacelabs Healthcare, Roche Diagnostics, and Utah Medical Products Inc.