Prenatal, fetal and neonatal equipment comprise of those equipment and devices that help in taking care of newly born children and babies developing inside mother’s womb. Some equipment that help monitor and diagnose both mother and the fetus have been included in the prenatal and fetal equipment category. Equipment that assist in monitoring, diagnosis and treatment of newborn babies fall under the neonatal care equipment. Approximately, 15 million neonates born each year are premature and among them more than 1 million die every year, as described by an NIH report. Those neonates who survive prematurity, suffer from several forms of disabilities, thus various neonatal equipment have been developed to help treat prematurity. There are several other complications a mother and the fetus and newborns face, for which different prenatal, fetal and neonatal equipment have been developed and marketed globally.
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The global prenatal, fetal and neonatal equipment market has been classified into three major segments, namely, prenatal and fetal equipment, neonatal equipment and other prenatal, fetal and neonatal equipment. Prenatal and fetal equipment market has been further divided into four sub segments, namely, ultrasound & ultrasonography, fetal dopplers, fetal MRI and fetal monitors. The neonatal equipment has also been further divided into four sub segments, namely, infant warmers & incubators, phototherapy equipment, neonatal monitoring devices and respiratory assistance & monitoring devices. In 2011, the neonatal equipment held the largest share in the global prenatal, fetal and neonatal equipment market followed by the prenatal and fetal equipment market. Fetal magnetic resonance imaging (MRI) is expected to be the fastest growing sub segment in the global prenatal, fetal and neonatal equipment market during the forecast period 2013 to 2019.
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Some of the major driving factors for the growth of this market are increasing incidences of premature births, increasing age of maternal population, increasing awareness for prenatal and neonatal care and increasing demand for technologically advanced prenatal, fetal and neonatal equipment. Premature births are the primary driver for this market that contributes heavily towards this market’s overall revenues. Increasing age of maternal population also adds up to various complications a baby faces both before and after birth, which again contributes towards the prenatal as well as neonatal equipment market. Various prenatal and neonatal monitoring, diagnostics and therapeutic equipment help in proper care of fetus and neonates. Technological advancements along with improvements in the currently available equipment will add to the demand from this market in future.
North America dominates the global prenatal, fetal and neonatal equipment market followed by the European market in 2012. Major factors responsible for the growth of the North American market are high incidence rate of premature births, increasing age of maternal population, and high awareness, and demand and affordability for various prenatal and neonatal equipment. Asia-Pacific is the fastest growing geographic segment in the global market for prenatal, fetal and neonatal equipment. Key factors responsible for the rapid growth of this market in the region are increasing incidences of premature births, high birth rates in many nations, increasing awareness about prenatal and neonatal care, demand for technologically advanced equipment and increasing purchasing power of the people in these regions.
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CareFusion Corporation, Cooper Surgical, Inc., Covidien PLC, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, Natus Medical Incorporated, Nonin Medical, Inc., Philips Healthcare, Siemens Healthcare and Smiths Medical are the leading global players in the prenatal, fetal and neonatal equipment market. Among these, Philips Healthcare, Natus Medical Incorporated, Cooper Surgical, Inc., Drägerwerk AG & Co. KGaA, and GE Healthcare operate in most of the segments of the prenatal, fetal and neonatal equipment market giving each other a tough competition at the global level.
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