Global neonatal & prenatal care market size was valued at $ 6.7 billion in 2019 and is forecast to witness steady growth during the forecast period. The key factor responsible for the growth of neonatal & prenatal care market is rapid technology innovations in the healthcare sector. Additionally, growing investments by the governing bodies and healthcare providers is another major factor that is anticipated to bode well for the growth of neonatal & prenatal care market across the globe in the coming years. Moreover, high birth rate in developing nations is further anticipated to bolster market growth through 2025.
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The global neonatal & prenatal care market is segmented based on equipment, application, end user and region. Based on end user, the market can be segmented into hospitals, pediatric & neonatal clinics and nursing homes. Out of which, the hospitals segment dominated the market until 2019 and is further anticipated to maintain its dominance in the neonatal & prenatal care market during the forecast period. This growth can be accredited to the presence of modern & technologically advanced medical equipment in the hospitals to ensure better patient care. Along with that, abundance of specialists in a hospital is another factor which is further boosting the growth of the segment across the globe.
Major players operating in the global neonatal & prenatal care market include Medtronic Plc., GE Healthcare, Cardinal Health Inc., Smith’s Medical Plc., Getinge AB, Atom Medical Corporation, Philips Healthcare, Masimo Corporation, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical Inc., Becton Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Hillrom Holdings Inc., Utah Medical Products Inc. The companies operating in neonatal & prenatal care market across the globe are focussing more towards expanding their share in the market. For instance, these key players are making organic strategies such as new product and service launches, among others, in order to sustain in the highly competitive industry.
Objective of the Study:
• To analyze and forecast the market size of global neonatal & prenatal care market.
• To classify and forecast global neonatal & prenatal care market based on equipment, application, end user, company and regional distribution.
• To identify drivers and challenges for global neonatal & prenatal care market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global neonatal & prenatal care market.
• To conduct pricing analysis for global neonatal & prenatal care market.
• To identify and analyse the profile of leading players operating in global neonatal & prenatal care market.
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