The Latin America Prenatal and Neonatal Equipment Care Market was worth $0.45 billion in 2016 and estimated to be growing at a CAGR of 5.80%, to reach $0.60 billion by 2021. Prenatal, fetal and neonatal equipment consist of those equipment and devices that aid in taking care of newly born infants and babies growing inside the mother’s womb.
Premature and congenitally ill babies are born as a consequence of late maternal age, induced fertility, labour treatments, deprived prenatal care and modification in lifestyle predilections. Roughly. Those neonates who outlive prematurity, experience various forms of disabilities, thus various neonatal equipment have been created to help treat prematurity.
The growth of the Latin America Prenatal and Neonatal Equipment Care market is majorly driven by factors such as growing incidences of preterm birth, increasing awareness for prenatal and neonatal care, and government policies to provide better care for prenatal and neonatal children. However, poor availability of proper neonatal care in this region is one of the major factor restricting the growth of the market.
The Latin America 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.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil accounts for the major part of the Prenatal and Neonatal Equipment Care market in this region followed by Argentina. Other emerging markets in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
Some of the major companies dominating this market are CareFusion Corporation, Covidien PLC, Drägerwerk AG & Co. KGaA, Cooper Surgical, Inc., GE Healthcare, Getinge AB, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Philips Healthcare, and Siemens Healthcare.
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