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(Medical-NewsWire.com, June 23, 2017 ) The Asia-Pacific Prenatal and Neonatal Equipment Care Market was worth $1.95 billion in 2016 and estimated to be growing at a CAGR of 6.80%, to reach $2.72 billion by 2021. Prenatal, fetal and neonatal equipment consist of those devices that aid in taking care of newly born infants and babies growing inside the mother’s womb.
A preterm birth suggests delivery prior to 37 weeks of gestation. This usually happens due to poor prenatal care, high maternal age, induced fertility, labor treatments, and lifestyle choices such as obesity and smoking. The neonates are more likely to get diseases like jaundice, anemia, and other chronic illnesses. At present, preterm birth is the main cause of neonatal deaths in the Asia-Pacific region.
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The growth of the Asia-Pacific Prenatal and Neonatal Equipment Care market is mainly due to the growing incidences of preterm birth, and government policies to provide better care for prenatal and neonatal children. However, poor availability of proper neonatal care, volatile economies and lack of awareness in this part of the world are the major factors hindering the growth of the market.
The Asia-Pacific Prenatal and Neonatal Equipment Care Market is segmented into prenatal and fetal equipment, neonatal equipment and others. The prenatal and fetal equipment is further segmented into Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others. Based on neonatal equipment the market is further segmented into Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others. The neonatal care equipment segment accounts for the larger share of the global Market, while the fetal care equipment segment is anticipated to grow at the highest CAGR during the forecast period.
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as increasing participation of several private & public establishments to organize awareness programs and rising birth rate in this region. India is the largest market for Prenatal and Neonatal Equipment Care in this region followed by China. Indonesia, Vietnam, and Malaysia, are some of the promising players in this market. Ultrasound and ultrasonography devices hold the largest market share in prenatal and fetal equipment market in this region.
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The major companies dominating the market in this region are CareFusion Corporation, Covidien PLC, Drägerwerk AG & Co. KGaA, Cooper Surgical, Inc., FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Philips Healthcare, Siemens Healthcare, Nonin Medical, Inc., and Smiths Medical.
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