Market Size of Japan Neonatal and Prenatal Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 450.43 Million |
Market Size (2029) | USD 663.05 Million |
CAGR (2024 - 2029) | 8.04 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Japan Neonatal & Prenatal Devices Market Analysis
The Japan Neonatal and Prenatal Devices Market size is estimated at USD 450.43 million in 2024, and is expected to reach USD 663.05 million by 2029, growing at a CAGR of 8.04% during the forecast period (2024-2029).
The factors such as presence of well-established companies, advanced products and rising awareness regarding prenatal and neonatal care is expected to boost the market growth. In March 2020, International Communication Committee of the Japan Academy of Neonatal Nurses participated in the 'Global Call to Action'. This programme aims at advancing the care for babies born too soon, too small or too sick. Furthermore, Japan has developed healthcare system and hence, indicates greater adoption of advanced products. In 2019, Melody International introduced Fetal Monitor iCTG in the market. It is a platform which enables doctors to remotely monitor the mother and fetus condition by the wireless devices which is connected to the abdomen.
Japan Neonatal & Prenatal Devices Industry Segmentation
As per the scope of this 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 tiny babies. The Japan Neonatal and Prenatal Deivces market is segmented by product type.
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Japan Neonatal and Prenatal Devices Market Size Summary
The Japan Neonatal and Prenatal Devices Market is poised for significant growth, driven by the presence of established companies and advanced technological products. The market is expected to expand steadily over the forecast period, supported by increasing awareness and initiatives aimed at enhancing prenatal and neonatal care. The country's advanced healthcare system facilitates the adoption of innovative devices, such as the Fetal Monitor iCTG, which allows for remote monitoring of maternal and fetal conditions. Additionally, the development of specialized equipment like infant incubators and transport incubators, which provide essential support such as warmth, humidity, and oxygen, underscores the ongoing need for advanced neonatal care solutions. Despite Japan's relatively low infant mortality rate, the demand for effective prenatal and neonatal care remains a priority, contributing to the market's positive outlook.
Key players in the Japan Neonatal and Prenatal Devices Market include Atom Medical, Apel Co. Ltd., GE Healthcare, Masimo, Natus Medical Incorporated, Koninklijke Philips NV, Vyaire Medical, and Medtronic Plc. These companies are instrumental in driving market growth through their innovative products and solutions. The collaborative efforts, such as those by the International Communication Committee of the Japan Academy of Neonatal Nurses, further emphasize the commitment to improving care for vulnerable newborns. As the market continues to evolve, the focus on advanced medical devices and technologies is expected to play a crucial role in addressing the needs of neonatal and prenatal care in Japan.
Japan Neonatal and Prenatal Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Technological Advancements Associated with the Products
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1.2.2 Government Initiatives to Provide Better Care for Prenatal and Neonatal Infants
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1.3 Market Restraints
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1.3.1 Rising Infertility in the Population
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Prenatal and Fetal Equipment
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2.1.1.1 Ultrasound and Ultrasonography Devices
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2.1.1.2 Fetal Magnetic Resonance Imaging (MRI)
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2.1.1.3 Fetal Heart Monitors
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2.1.1.4 Others
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2.1.2 Neonatal Equipment
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2.1.2.1 Incubators
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2.1.2.2 Neonatal Monitoring Devices
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2.1.2.3 Respiratory Assistance and Monitoring Devices
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2.1.2.4 Others
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Japan Neonatal and Prenatal Devices Market Size FAQs
How big is the Japan Neonatal and Prenatal Devices Market?
The Japan Neonatal and Prenatal Devices Market size is expected to reach USD 450.43 million in 2024 and grow at a CAGR of 8.04% to reach USD 663.05 million by 2029.
What is the current Japan Neonatal and Prenatal Devices Market size?
In 2024, the Japan Neonatal and Prenatal Devices Market size is expected to reach USD 450.43 million.