Neonatal and Fetal (Labor & Delivery) Care Market to Reach USD 9.80 Billion by 2026 | Reports And Data
NEW YORK, Oct. 14, 2019 /PRNewswire/ -- Neonatal and Fetal (Labor & Delivery) Care Market Size – USD 6.39 Billion in 2018, Market Growth - CAGR of 5.5%, Neonatal and Fetal Care Industry Trends – increased awareness about fetal and neonatal care products & services, favorable regulatory scenario, positive reimbursement structure across developed nations, availability of funds for the infrastructure development for neonatal care, and healthcare providers' consolidation
Growing number of neonatal intensive care unit admissions, increasing number of hospital acquired infections among babies, clinical risks for congenital and obstetric complication, with market demand push factors like the increase in the birth rate and rising awareness about fetal and infant care, is expected to propel the market in during forecast period
According to the current analysis of Reports and Data, the global Neonatal and Fetal (Labor & Delivery) Care Market was valued at USD 6.39 billion in 2018 and is expected to reach USD 9.80 billion by the year 2026, at a CAGR of 5.5%. Maternity care and infant safety are top healthcare priorities in developed as well as developing nations. With technological and infrastructural advancements in healthcare across the globe, the market for fetal and infant healthcare is on rise. The efficacy of the neonatal products & services is a crucial factor for the safety during childbirth. According to WHO, globally every year more than one out of seven births (20 million babies worldwide) are born with low birthweight.
With increasing government investment in healthcare and growing consolidation among the healthcare providers, and resource sharing, quality healthcare services for neonatal & fetal care is becoming more feasible. The rise in the demand for the purpose of medical diagnosis, preferably in the first trimester of pregnancy, is contributing towards the increase in advanced products for assessment process such as advanced ultrasound procedures and fetal magnetic resonance imaging (MRI) tests. The market has great potential for the neonatal products that facilitates faster decision making and helps in delivering more effective patient care in the Neonatal Intensive Care Unit and emergency department of hospitals & clinics.