Canada Neonatal & Prenatal Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Neonatal & Prenatal Devices Market Analysis
Owing to the rapid evolution of the market in the use of new technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits. The increasing awareness for neonatal & prenatal care, rising incidence of preterm births, and increased demand for prenatal therapeutics, diagnostics, and monitoring devices are the major factors driving the growth of this market.
However, the rising cost of neonatal care, due to advancements in medical devices, is one of the major factors hindering the market
Canada Neonatal & Prenatal Devices Market Trends
This section covers the major market trends shaping the Canada Neonatal & Prenatal Devices Market according to our research experts:
Neonatal Care Equipment is Expected to Hold a Significant Market Share
Neonatal monitoring instruments and equipment are used in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of hospitals for continuous monitoring of the neonates and infants. The demand for this equipment has increased to increase in preterm births, even in developed. Preterm born babies are more prone to infections and diseases and require more care. According to an article published in 2018 by Prakesh S. Shah, 8% of pregnancies in Canada result in preterm birth. The Canadian Preterm Birth Network (CPTBN) is funded by the Canadian Institutes of Health Research and aims to expand existing neonatal platforms to develop a pan-Canadian network. Such initiatives help boost segment growth.
Canada Neonatal & Prenatal Devices Industry Overview
Companies, like Becton, Dickinson and Company, GE Healthcare, Koninklijke Philips NV, Masimo, Medtronic PLC, hold substantial shares in the fetal and neonatal care equipment market. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments
Canada Neonatal & Prenatal Devices Market Leaders
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GE Healthcare
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Siemens Healthineers AG
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Koninklijke Philips N.V.
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Becton, Dickinson and Company
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Medtronic PLC
*Disclaimer: Major Players sorted in no particular order
Canada Neonatal & Prenatal Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of Preterm and Low-weight Births
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4.2.2 Increasing Technological Advancement in Infant and Maternal Care Products
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4.3 Market Restraints
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4.3.1 High Cost Associated with Neonatal Care
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Fetal Care Equipment
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5.1.1.1 Fetal Dopplers
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5.1.1.2 Fetal Magnetic Resonance Imaging (MRI) Devices
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5.1.1.3 Ultrasound Devices
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5.1.1.4 Fetal Pulse Oximeters
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5.1.1.5 Other Fetal Care Equipment
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5.1.2 Neonatal Care Equipment
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5.1.2.1 Incubators
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5.1.2.2 Neonatal Monitoring Devices
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5.1.2.3 Phototherapy Equipment
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5.1.2.4 Respiratory Assistance and Monitoring Devices
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5.1.2.5 Other Neonatal Care Equipment
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Dragerwerk AG & Co. KGaA
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6.1.2 F. Hoffmann-La Roche Ltd
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6.1.3 GE Healthcare
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6.1.4 Siemens Healthineers AG
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6.1.5 Koninklijke Philips N.V.
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6.1.6 Medtronic PLC
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6.1.7 Masimo
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6.1.8 Natus Medical Incorporated
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6.1.9 Atom Medical Corporation
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6.1.10 Becton, Dickinson and Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Neonatal & Prenatal Devices Industry Segmentation
As per the scope of the report, fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions, to examine fetal health during labor and delivery. Neonatal devices are extensively used in the neonatal intensive care units (NICUs), where complex machines and monitoring devices are designed for the unique needs of newborn babies.
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Canada Neonatal & Prenatal Devices Market Research FAQs
What is the current Canada Fetal and Neonatal Care Equipment Market size?
The Canada Fetal and Neonatal Care Equipment Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Canada Fetal and Neonatal Care Equipment Market?
GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Becton, Dickinson and Company and Medtronic PLC are the major companies operating in the Canada Fetal and Neonatal Care Equipment Market.
What years does this Canada Fetal and Neonatal Care Equipment Market cover?
The report covers the Canada Fetal and Neonatal Care Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Fetal and Neonatal Care Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Fetal and Neonatal Care Equipment Industry Report
Statistics for the 2024 Canada Fetal and Neonatal Care Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Fetal and Neonatal Care Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
