The Europe Prenatal and Neonatal Equipment Care Market was worth $1.62 billion in 2016 and estimated to be growing at a CAGR of 6.25%, to reach $2.19 billion by 2021. Fetal and neonatal care are required when there is a case of preterm birth, which causes diseases like mental retardation, cerebral palsy, vision and hearing problems, and chronic lung disease.
Fetal and neonatal care equipment are vital tools being used with increasing frequency for the prevention and evaluation of diseases and in the prenatal and postnatal care of new-born infants
A major driving factor for the market growth is that the European countries face mutual problems related to the well-being of mothers and babies and some risk issues associated with perinatal health, such as older age at childbirth or maternal obesity. Another aspect is that European countries face comparable economic and demographic burdens and share an interest in scrutinizing their impact on health outcomes nationally and across Europe. Increasing demand for improved and technologically advanced fetal and neonatal care equipment also propels the market growth. However, the market is constrained by the prevalence of low birth rates in certain developed countries.
The Europe Prenatal and Neonatal Equipment Care Market is segmented into prenatal and fetal equipment, neonatal equipment and others. The prenatal and fetal equipment is further segmented into Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others. Based on neonatal equipment the market is further segmented into Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others. The neonatal care equipment segment accounts for the larger share of the Market, while the fetal care equipment segment is anticipated to grow at the highest CAGR during the forecast period.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European is the second largest market with a global share of 18%. France is the largest market share holder for the fetal and neonatal care equipment, followed by the UK and Sweden. Other emerging markets in the region are Norway, Netherlands, Denmark, and Greece.
The major companies dominating this market are CareFusion Corporation, Covidien PLC, Drägerwerk AG & Co. KGaA, Cooper Surgical, Inc., FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Philips Healthcare, Siemens Healthcare, Nonin Medical, Inc., and Smiths Medical.
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