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South America Fetal and Neonatal Monitoring Market Analysis

The South America Fetal & Neonatal Monitoring Market size is estimated at USD 493.56 million in 2024, and is expected to reach USD 653.66 million by 2029, growing at a CAGR of 5.78% during the forecast period (2024-2029).

The COVID-19 pandemic has had a significant impact on the fetal and neonatal monitoring market. Since the beginning of the pandemic, there have been a significant number of deaths, and from the beginning of 2020 to the first few months of 2021, Brazil ranked among the top countries in the world for COVID-19 cases and fatalities. There was a decline in the birth rate in Brazil during the COVID-19 pandemic. For instance, as per the report titled "Rapid changes in birth counts in Brazilian major cities during the COVID-19 pandemic" published by Vienna Yearbook of Population Research 2022, there was a strong decline in the number of births in some of the cities of Brazil and most reductions were observed in the women aged around 30 years. Also, according to the same above-mentioned source, the decreasing trend in birth counts has slowed down in the cities of Rio de Janeiro and Belo Horizonte in 2022. Due to the uncertainty surrounding the pandemic, women have postponed and realized their fertility intentions. Thus the COVID-19 has a negative impact on the fetal & neonatal monitoring market as the birth rate has declined during the pandemic.

The South America fetal & neonatal monitoring market growth is attributed to the growing birth rate, preterm births, increasing cesarean sections, and increased complications during childbirth. Fetal & neonatal monitoring is important in delivering life-sustaining, non-invasive, and developmentally supportive care to neonates and in providing a quiet and serene environment to protect the development of the fetus. Thus, there is a great demand for these products at a low cost or locally manufactured products with safety as the main criterion. For instance, according to the Organization for Economic Cooperation and Development (OECD) Health stats, the infant mortality with no minimum threshold of gestation period or birthweight in Colombia for 2020 and 2021 were reported as 16.8 and 16.5 per 1000 live births respectively. The significant cases of infant mortality can be decreased with proper monitoring devices after birth. Hence the demand for fetal and neonatal monitoring devices may increase and drive the market growth during the study period.

However, the limited accessibility and stringent regulatory procedures are restarining the growth of market during the study period.

South America Fetal and Neonatal Monitoring Market Trends

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

South America Fetal and Neonatal Monitoring Industry Segmentation

As per the scope of the report, fetal & neonatal monitoring devices and equipment are used to assess fetal heart rate and contractions of the uterus during pregnancy and childbirth. The South America fetal & neonatal monitoring market is segmented by Product Type (Fetal Monitoring Devices [Heart Rate Monitors, Uterine Contraction monitors, Pulse Oximeters, and Other Fetal Monitoring Devices] and Neonatal Monitoring Devices [Cardiac Monitors, Capnographs, Blood Pressure Monitors, Pulse Oximeters and Other Neonatal Monitoring Devices]), End User (Hospitals, Neonatal Care Centers, and Other End Users), and Geography (Brazil, Argentina, and Rest of South America). The report offers the value (in USD million) for the above segments.