Market Size of United States 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 | 7.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Neonatal & Prenatal Devices Market Analysis
The US neonatal and prenatal devices market is expected to register a CAGR of 7.1% during the forecast period.
The PubMed data published in April 2021 concluded that compared to mothers who were COVID-19 negative, SARS-CoV-2 infection increased the odds of preterm birth and iatrogenic preterm delivery was more common in infected women. Thus, the association of COVID-19 with preterm birth impacted the market for fetal and neonatal devices. However, the market studied has re-gained its pre-pandemic demand in 2022 with the decrease in COVID-19 infections.
The major factors for the growth of the neonatal and prenatal devices market include the rising incidence of preterm births, increasing awareness for prenatal and neonatal care, and government initiatives to provide better care for prenatal and neonatal infants. Premature babies are babies born before the mother reaches the gestation period of 37 weeks. In the United States, preterm birth is the leading cause of mortality among children, accounting for 18% of all deaths among children under the age of 5 and up to 35% of all deaths among infants (aged 28 days), with 1 million children dying before reaching the age of 5, as stated by the PubMed data published in 2021. Hence, high mortality due to preterm birth is expected to fuel growth in the market, as neonatal devices can be used to reduce mortality among preterm babies.
Apart from that, several maternal factors, like early or late pregnancy, drug addiction cases, diabetes, hypertension, bleeding, sexually transmitted diseases, and multiple pregnancies, among others, raise the importance and demand for fetal and neonatal monitoring devices. These are expected to drive growth in the market studied. For instance, preterm birth is associated with an increased risk of type 1 and type 2 diabetes from childhood, and children may need early preventive evaluation and long-term monitoring for diabetes.
Therefore, due to the above-mentioned factors, the US neonatal and prenatal devices market is expected to grow during the forecast period.
US Neonatal & Prenatal Devices Industry Segmentation
According to the scope of the report, fetal monitoring devices are vital tools that are regularly used in gynecology and obstetrics interventions to look over 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 market is segmented by product type (prenatal and fetal equipment and neonatal equipment). The report offers the value (in USD million) for the above segments.
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United States Neonatal and Prenatal Devices Market Size Summary
The United States neonatal and prenatal devices market is poised for significant growth, driven by an increasing incidence of preterm births and heightened awareness of prenatal and neonatal care. The market, which experienced a temporary setback due to the COVID-19 pandemic, has rebounded to pre-pandemic levels as infections declined. Key factors propelling market expansion include government initiatives aimed at improving care for prenatal and neonatal infants, as well as the critical need to address high mortality rates among preterm babies. The prevalence of maternal health issues such as diabetes, hypertension, and multiple pregnancies further underscores the demand for advanced fetal and neonatal monitoring devices. These devices are essential for reducing mortality and improving outcomes for premature infants, thereby fueling market growth.
Technological advancements and innovative product launches are also contributing to the market's expansion. The demand for neonatal monitoring devices, including heart rate and respiratory monitors, is expected to rise due to the increasing number of high-risk pregnancies and preterm births. Companies like Medtronic and Masimo Corporation are leading the way with new product introductions, such as the SonarMed airway monitoring system and Dual SET Pulse Oximetry, respectively. The presence of well-established healthcare systems and advanced manufacturers in the United States further supports market growth. Additionally, the prevalence of childhood diseases, including cancer, is anticipated to drive demand for neonatal and prenatal devices. The market remains moderately competitive, with major players like Natus Medical Incorporated, GE Healthcare, and Koninklijke Philips NV actively engaging in strategies to meet the growing demand.
United States Neonatal and Prenatal Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Incidence of Preterm Births in the United States
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1.2.2 Increasing Awareness for Prenatal and Neonatal Care
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1.2.3 Government Initiatives to Provide Better Care for Prenatal and Neonatal Infants
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1.3 Market Restraints
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1.3.1 Risk of Nosocomial Infection from the Devices
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1.3.2 Low Birth Rates
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size - Value in USD million)
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2.1 By Product Type
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2.1.1 Prenatal and Fetal Equipment
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2.1.1.1 Ultrasound and Ultrasonography Devices
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2.1.1.2 Fetal Doppler
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2.1.1.3 Fetal Magnetic Resonance Imaging (MRI)
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2.1.1.4 Fetal Heart Monitors
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2.1.1.5 Fetal Pulse Oximeters
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2.1.1.6 Other Prenatal and Fetal Equipment
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2.1.2 Neonatal Equipment
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2.1.2.1 Incubators
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2.1.2.2 Neonatal Monitoring Devices
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2.1.2.3 Phototherapy Equipment
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2.1.2.4 Respiratory Assistance and Monitoring Devices
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2.1.2.5 Other Neonatal Care Equipment
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United States Neonatal and Prenatal Devices Market Size FAQs
What is the current United States Neonatal and Prenatal Devices Market size?
The United States Neonatal and Prenatal Devices Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in United States Neonatal and Prenatal Devices Market?
Natus Medical Incorporated, GE Healthcare, Getinge AB, Medtronic PLC and Koninklijke Philips N.V. are the major companies operating in the United States Neonatal and Prenatal Devices Market.
