Europe Fetal and Neonatal Care Equipment Market Size (2024 - 2029)

Europe Fetal & Neonatal Care Equipment Market Analysis

The Europe Fetal and Neonatal Care Equipment Market size is estimated at USD 1.88 billion in 2024, and is expected to reach USD 2.59 billion by 2029, growing at a CAGR of 6.69% during the forecast period (2024-2029).

With the advent of the COVID-19 pandemic, there has been a significant impact on the studied market. According to the research article published in BMJ Journals-ADC Fetal and Neonatal Edition, 2020, there was a reduction in extremely premature births to 0.19/1000 births during the 2020 nationwide lockdown in Denmark, whereas it was 2.19/1000 births during 2019. Additionally, as per the research article published in the Lancet-Child and Adolescent Health, 2021, the neonatal immune system plays a vital role in fighting against SARS-CoV2 viral infection and it was observed that nearly 80% of the neonates observed in the study did not require respiratory support and nearly one neonate in five was asymptomatic, with no symptoms of COVID-10 infection. Thus, given the aforementioned factors, the need for fetal and neonatal care equipment to fight the COVID-19 infection is not significantly high and thus is expected to impact the studied market growth.

The factors that are driving the market's growth include increasing number of preterm and low-weight births, growing technological advancement in infant and maternal care products, and rising congenital and pregnancy complications due to a sedentary lifestyle. According to the research article published in the European Journal of Pediatrics, 2021, the estimated rate of preterm births in Europe was 8.7 and is one of the major causes of death in early childhood in the region. Preterm babies often require special care in the neonatal intensive care unit (NICU), owing to which the demand for neonatal devices is also increasing, which is expected to act as a key driving force. Moreover, the incidence of diseases and associated complications among newborns has also increased. These factors have increased the demand for fetal and neonatal care equipment in the region.

However, the rising cost of neonatal care is one of the major factors hindering the European fetal and neonatal care equipment market.

Europe Fetal & Neonatal Care Equipment 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 neonatal intensive care units (NICUs), where complex machines and monitoring devices are designed for the unique needs of newborn babies. The Europe Fetal and Neonatal Care Equipment Market is segmented by Product Type and Geography. By Product Type, the market is segmented into Fetal Care Equipment (Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, and Other Fetal Care Equipment), and Neonatal Care Equipment (Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance, and Monitoring Devices, and Other Neonatal Care Equipment). By Geography, the market is segmented into Germany, United Kingdom, France, Italy, Spain and Rest of Europe. The report offers the value (in USD million) for the above segments.