Market Size of United Kingdom Neonatal and Prenatal Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.18 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Neonatal & Prenatal Devices Market Analysis
The United Kingdom neonatal and prenatal devices market is expected to register a CAGR of nearly 7.18% during the forecast period.
The COVID-19 pandemic has impacted the global and United Kingdom healthcare systems. The pandemic also affected the United Kingdom's neonatal and prenatal devices market. For instance, an article published in the book Women and Births in April 2022 reported the effect of COVID-19 infections on perinatal health outcomes, and actions were taken to protect newborn infants. Since newborns are more sensitive to conditions, there was an urgent need for neonatal care devices. Initially, the growth of the studied market was hampered owing to a shortage of neonatal care devices due to COVID-19 regulations, but after the decreasing COVID-19 cases, the market witnessed significant growth.
In the current scenario, the market is expected to witness significant growth due to increasing childbirth in the United Kingdom and the problem associated with delivery such as problems such as preterm birth, preterm premature rupture of the membranes, and, in rare circumstances, maternal mortality; the market is predicted to demand the increased need for prenatal care. Thus, the high need for prenatal care is expected to increase the demand for prenatal devices, thereby propelling the growth of the studied market.
The factors driving the growth of the studied market are the growing burden of preterm births and increasing awareness of prenatal and neonatal care. Preterm birth is when a baby is born too early, before 37 weeks of pregnancy have been completed. The growing burden of preterm births demands advanced prenatal care, thereby driving the growth of the United Kingdom neonatal and prenatal devices market. For instance, an article published in the British Medical Association in January 2022 reported that preterm births affect about 2 to 5 in every 1000 pregnancies in the United Kingdom and varies slightly by country.
Similarly, in 2022 an article published by Preterm Labour reported that preterm birth is a significant global health issue, accounting for approximately 11% of births worldwide, and is the leading cause of morbidity and mortality in babies. In the United Kingdom, about 60,000 babies are born prematurely every year. Most spontaneous preterm births are associated with infection, thus, increasing disorders related to preterm birth demand for improved prenatal and neonatal devices in the United Kingdom, thus driving the growth of the studied market.
Moreover, the increasing awareness regarding neonatal care is also driving the growth of the studied market. For instance, an article published in BioMed Central journal in March 2022 reported a randomized clinical trial conducted in a few hospitals in the United Kingdom and Ireland. This study aimed to increase awareness of reduced fetal movements (RFM) and implement a care pathway when women present with reduced fetal movements. Thus, such studies and interventions are making the population more aware of prenatal, thereby increasing the demand for neonatal incubators and driving the segment's growth.
Furthermore, new product launches, mergers, acquisitions, and partnerships among key market players are fueling the studied market's growth. For instance, in February 2021, Medtronic plc completed its study on Newborns using Nellcor Pulse Oximetry Technology and revealed that the stable signal was obtained from all 60 newborns with the Nellcor pulse oximeter, thus suggesting this device is a simple, noninvasive bedside monitoring device for neonates in the detection of oxygen saturation levels and heart rate. The device is available in the United Kingdom, including various other countries. Thus, such product launches are providing better care to newborns and thus driving the growth of the studied market.
Thus, due to the growing burden of preterm births and increasing awareness of prenatal and neonatal care, the studied market is expected to witness significant growth over the forecast period. However, low birth rates may slow down the development of the studied market.
UK Neonatal & Prenatal Devices Industry Segmentation
As per the scope of this report, fetal monitoring devices are vital tools 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 tiny babies. The United Kingdom Neonatal and Prenatal Devices Market is Segmented by Product Type (Prenatal and Fetal Equipment (Ultrasound Devices, Fetal Doppler, Fetal Heart Monitors, and Other Prenatal and Fetal Equipment), Neonatal Equipment (Incubators, Neonatal Monitoring Devices, Respiratory Assistance, and Monitoring Devices and Other Neonatal Care Equipment), and Other Product Types). The report offers the value (in USD million) for the above segments.
By Product Type | ||||||
| ||||||
| ||||||
Other Product Types |
United Kingdom Neonatal and Prenatal Devices Market Size Summary
The United Kingdom neonatal and prenatal devices market is poised for significant growth, driven by an increasing number of childbirths and the rising prevalence of preterm births. The market's expansion is supported by heightened awareness of prenatal and neonatal care, which has been further amplified by the challenges posed during the COVID-19 pandemic. The demand for advanced prenatal care devices is fueled by complications such as preterm birth and maternal health issues, necessitating the use of sophisticated neonatal care equipment. The market is characterized by a moderate level of competition, with both international and local players contributing to its development through strategic partnerships, product launches, and technological advancements.
The neonatal incubator segment is expected to experience robust growth due to the rising incidence of neonatal hypothermia and the increasing number of NICU admissions. Technological innovations and new product introductions, such as mOm's neonatal incubator, are enhancing the capabilities of neonatal care devices. Similarly, the ultrasound devices segment is anticipated to grow significantly, driven by the need to address complications during childbirth and the efficiency of these devices in detecting fetal abnormalities. The market's growth trajectory is supported by investments in innovative solutions, such as GE Healthcare's investment in Pulsenmore, aimed at improving maternal health through accessible ultrasound technology.
United Kingdom Neonatal and Prenatal Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Growing Burden of Preterm Births
-
1.2.2 Increasing Awareness for Prenatal and Neonatal Care
-
-
1.3 Market Restraints
-
1.3.1 Low Birth Rates
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Product Type
-
2.1.1 Prenatal and Fetal Equipment
-
2.1.1.1 Ultrasound Devices
-
2.1.1.2 Fetal Doppler
-
2.1.1.3 Fetal Heart Monitors
-
2.1.1.4 Other Prenatal and Fetal Equipment
-
-
2.1.2 Neonatal Equipment
-
2.1.2.1 Incubators
-
2.1.2.2 Neonatal Monitoring Devices
-
2.1.2.3 Respiratory Assistance and Monitoring Devices
-
2.1.2.4 Other Neonatal Care Equipment
-
-
2.1.3 Other Product Types
-
-
United Kingdom Neonatal and Prenatal Devices Market Size FAQs
What is the current United Kingdom Neonatal and Prenatal Devices Market size?
The United Kingdom Neonatal and Prenatal Devices Market is projected to register a CAGR of 7.18% during the forecast period (2024-2029)
Who are the key players in United Kingdom Neonatal and Prenatal Devices Market?
Getinge AB , Medtronic Plc, Natus Medical Incorporated, Dragerwerk AG & Co. KGaA and General Electric Company (GE Healthcare) are the major companies operating in the United Kingdom Neonatal and Prenatal Devices Market.