Fetal & Neonatal Care Equipment Market Is Predicted To Grow Quickly Due To Growing Birthrate Till 2025: Grand View Research, Inc.
The global fetal (labor & delivery) and neonatal care equipment market is expected to reach a value of USD 12.7 billion by 2025, according to a new report by Grand View Research, Inc. Fetal and neonatal care devices consist of a variety of equipment that are designed to monitor and detect complications in newborn babies. The growth of the market can be attributed to factors such as a growing birthrate in developing countries coupled with rising prevalence of associated premature births also known as preemies. Furthermore, neonatal hospital-acquired infections such as Central Line-Associated Bloodstream Infections (CLABSI) and healthcare-associated pneumonia are additional notable factors responsible for the growth of the market. Various aspects such as delayed maternal age, induced fertility, and lack of proper prenatal care is considered to be major factors contributing to the birth of premature babies. According to the WHO estimates, 15 million neonates are born ...