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

North America Fetal and Neonatal Care Equipment Market Analysis

The North American fetal and neonatal care equipment market is expected to register a CAGR of 7.2% over the forecast period.

The COVID-19 pandemic moderately impacted market growth. The high number of pregnant women suffering from COVID-19 during the pandemic has tremendously increased the demand for fetal and neonatal care equipment. For instance, according to the study published in NCBI in January 2022, in response to the increase in the number of pregnant women who tested positive for SARS-CoV-2 and who were referred to maternity hospitals for delivery as part of the COVID-19 pandemic in the spring of 2020, the United States hospitals rapidly created and implemented clinical guidelines about maternal and newborn peripartum care. Furthermore, the study also stated that interim guidelines from the American Academy of Pediatrics (AAP) dated April 2, 2020, and May 21, 2020 recommended temporary separation of mother and child as the safest practice to minimize the risk of mother-to-child transmission during the postpartum period. Therefore, the increased number of pregnant women with COVID-19 highly increased the demand for fetal and neonatal care equipment, as these items are necessary to maintain the health of the newborn baby when they are separated from their mothers. Thus, the market witnessed considerable growth during the pandemic and is expected to maintain an upward trend over the forecast period.

The increasing number of preterm and low-weight births, increased awareness for prenatal and neonatal care, and increasing technological advancement in infant and maternal care products are the major factors propelling the market growth. For instance, as per the study published in NCBI in March 2021, a search was conducted in Canada in 2020, which demonstrated that adolescent mothers witnessed a 56.0% increase in the prevalence of low birth weights, a 23.0% increase in preterm birth, and a 20.0% increase in stillbirth. Similarly, as per the report published by the CDC in November 2021, preterm birth affected 1 of every 10 infants born in the United States in 2020. It was also reported that the preterm birth rate among African American women (14.4%) was about 50.0% higher in 2020 than the preterm birth rate among white or Hispanic women (9.1% and 9.8%, respectively). Since fetal and neonatal care equipment is one of the essential requirements for managing preterm birth, such instances are expected to spur market growth and are likely to do the same over the forecast period.

The technological advancements related to fetal and neonatal care equipment in North America are also anticipated to drive market growth. For instance, in April 2021, the researchers at Nottingham Trent University developed a smart warming system that can provide enough heat to ensure premature babies are kept warm. Such active warming can avoid the need for more intensive intervention down the line and improve a baby's early development. Similarly, Dräger's BabyLeo is equipped with new technology that is designed to meet the needs of the child and their family to ensure that the child receives the best possible treatment. The device is designed to keep the baby warm as an incubator, a radiant warmer, and during the transition between close and open care. Its connected heater, dual radiant heater, and heated mattress are synchronized to maintain a stable temperature at all times, regardless of which setting needs to be used. Therefore, such technological advancements are expected to positively impact the market, and considerable market growth is anticipated over the forecast period.

However, the high cost associated with neonatal care equipment and stringent regulatory policies for new device approval may hinder market growth over the forecast period.

North America Fetal and Neonatal Care Equipment Industry Segmentation

As per the scope of the report, fetal and neonatal care equipment is specialized equipment that is used to diagnose, monitor, and treat diseases and health problems in fetuses and newborns. These devices are key for routine checks in gynecological and obstetrical interventions. Fetal and neonatal care is primarily focused on the child's health and diseases from the perinatal period to the adolescent stage driven by the technological advancement in infant and maternal care products. The North America Fetal and Neonatal Care Equipment Market are segmented by Product Type (Fetal Care Equipment (Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, Other Fetal Care Equipment)) and Neonatal Care Equipment (Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance, and Monitoring Devices, and Other Neonatal Care Equipment)), and Geography (United States, Canada, and Mexico). The report offers the value (in USD million) for the above segments.