Product ID: UCMIG35A2473
Report ID:
UCMIG35A2473 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global fetal and neonatal care equipment market exhibited a valuation of USD 8.2 billion in 2022, marking a significant milestone in the Health Care industry. Projections suggest that this market is poised for further growth, with a compound annual growth rate (CAGR) of 6.47% anticipated between 2023 and 2030. This positive trajectory can be attributed to the increasing emphasis on infant health and well-being, coupled with advancements in medical technology. The rising demand for improved neonatal care equipment, such as incubators, ventilators, and phototherapy devices, is expected to drive market expansion during the forecast period. Furthermore, the growing awareness about the importance of prenatal and postnatal care is likely to fuel the adoption of fetal and neonatal care equipment globally.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2473