Market Trends of South America Fetal & Neonatal Monitoring Industry
This section covers the major market trends shaping the South America Fetal & Neonatal Monitoring Market according to our research experts:
Neonatal Monitoring Segment is Expected to Dominate the Market
Neonatal monitoring instruments are used in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of hospitals for continuous monitoring of neonates and infants. Preterm-born babies are more prone to infections and diseases and require more care. The neonatal monitoring system is capable of monitoring parameters such as electrocardiogram, respiration rate, heart rate, blood pressure, peripheral capillary oxygen saturation (SpO2), and body temperature.
According to the report titled "Nearly one in five babies in Brazil born 'small' and at risk of early childhood death" published in August 2021, over 18% of babies born in Brazil in the last seven years were born small either due to preterm, small for gestational age (SGA) or with low birthweight (LBW). With the significant burden of low birth weight among infants and neonates after birth, the demand for neonatal monitoring devices increases, and hence, the market shows a positive impact during the study period.
Thus, owing to the above-mentioned factors, the studied segment is expected to witness significant growth over the forecast period.
Brazil Holds the Major Share, and it is Expected to Dominate the Market Over the Forecast Period
Brazil is expected to dominate the market as it has well-structured and developed healthcare systems.
As per the study report titled "Increased preterm birth following maternal wildfire smoke exposure in Brazil" published in March 2022, wildfire smoke exposure during pregnancy may be associated with preterm birth in Brazil. Similarly, According to the Organization for Economic Cooperation and Development (OECD) Health stats, the mortality of neonates with no minimum threshold of gestation period or birthweight in 2020 was reported as 8.7 deaths per 1000 live births which can be avoided using proper monitoring devices. Preterm births need proper monitoring which increases the demand for the fetal and neonatal monitoring devices market in this region.
With the huge burden of preterm births and mortality rate among neonates, the region is expected to have a demand for monitoring devices that help to drive the market during the study period.
