The global fetal and neonatal care equipment market is poised to grow at a CAGR of 6.5 percent during the forecast period, 2016-2020 and is expected to reach a value of USD 8.61 billion by 2020. Rising awareness among population in developing nations about neonatal and fetal care, growing number of NICU admissions, and inflow of technologically advanced products are driving the growth of the market. In addition, factors such as increasing prevalence of hospital-acquired infections in newborn babies, huge patient populations of preterm, and low birth weight babies in both developed and developing countries, and demand for neonatal care equipment are further stimulating the growth of the market. However, factors such as poor accessibility toward proper neonatal care in the developing regions and decreasing birth rate in certain developed countries are restraining the growth of the market.
The neonatal care equipment segment accounts for the larger share of the global market, while the fetal care equipment segment is expected to grow at a higher CAGR in the forecast period, according to MarketsandMarkets. In 2015, North America held the largest share in the global fetal and neonatal care equipment market, followed by Europe, Asia-Pacific, and RoW (rest of the world). The Asia-Pacific region is estimated to grow at the highest CAGR in the forecast period.