Fetal & Neonatal Care Devices Market Size, Share, Growth and Industry Analysis by Type (Ultrasound Devices, Fetal MRI, Fetal Monitors, And, Fetal Doppler) By Application (Hospital, And, Clinic), Regional Insights and Forecast From 2025 To 2033

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FETAL & NEONATAL CARE DEVICES MARKET REPORT OVERVIEW

The fetal & neonatal care devices market, valued at USD 8.66 billion in 2024, is forecasted to grow consistently, reaching USD 9.09 billion in 2025 and ultimately hitting USD 13.43 billion by 2033, at a steady CAGR of 5% from 2025 to 2033.

Fetal and neonatal care devices are specialized medical equipment designed to monitor and support the health and well-being of newborns and infants. These devices include fetal monitors, incubators, ventilators, and neonatal phototherapy equipment. Fetal monitors are used to monitor the health of the unborn baby during pregnancy, while neonatal care devices are used to support the health and development of premature or sick infants. These devices play a crucial role in ensuring that newborns receive the care they need to thrive and grow into healthy children and adults.

These devices can be helpful only if they can be carried from one place to another. Therefore, manufacturers are producing neonatal care devices that are portable as well as compact.  This is considered as the latest trend in the market.   

High prevalence of preterm births and neonatal complications, have increased in the past few decades. Non-invasive prenatal testing (NIPT) is gaining popularity. These factors collectively propel the fetal & neonatal care devices market growth.

FETAL & NEONATAL CARE DEVICES MARKET KEY FINDING

• Market Size and Growth: Fetal & neonatal care devices market, valued at USD 8.66 billion in 2024, is forecasted to grow consistently, reaching USD 9.09 billion in 2025 and ultimately hitting USD 13.43 billion by 2033, at a steady CAGR of 5% from 2025 to 2033.

• Key Market Driver: Preterm birth complications remain the leading cause of death in children under five, with 13.4 million preterm births recorded in 2020 across countries where rates range from 4–16%.

• Major Market Restraint: Capacity constraints persist even in high-income regions—9.8 % of U.S. infants were admitted to NICUs in 2023 (up from 8.7 % in 2016), indicating bed shortages and workforce limitations.

• Emerging Trends: The uptake of telehealth and remote monitoring solutions is rising, with real-time and remote fetal monitoring technologies increasingly replacing some face-to-face antenatal visits.

• Regional Leadership: North America leads globally, driven by well-equipped NICUs; the U.S. preterm birth rate was 10.4 % in 2022 and low birth weight accounted for 8.24% of newborns in 2020.

• Competitive Landscape: Key players dominating the space include GE Healthcare, Koninklijke Philips NV, Medtronic Plc, Becton Dickinson & Co., and Siemens Healthineers.

• Market Segmentation: The market is broadly segmented into fetal monitoring (e.g., heart monitors valued at US $8.9 billion in 2023) and neonatal monitoring devices, reflecting the criticality of both pre- and post-birth care.

• Recent Development: In Malawi, implementation of AI-enabled fetal monitoring software reduced stillbirths and neonatal deaths by 82 % over three years at one center, showcasing the life-saving potential of digital innovations.

COVID-19 IMPACT

Decrease in Access to Paternal Care During Pandemic Reduced Market Growth

The COVID-19 pandemic has had a significant impact on all the markets across the world. Due to the rapid spread of coronavirus, there was great demand for medical equipment, including neonatal care devices such as ventilators and incubators. As a result, there was acute shortages in some areas. This had a negative impact on the market.

Disruptions in supply chains due to lockdowns and travel restrictions created shortages of critical neonatal care devices in many regions. One of the adverse effects of the pandemic was that it led to decreased access to prenatal care. This is predicted to have long-term health impacts on newborns and infants. All of these reasons led to the downfall of the market during the pandemic period.

LATEST TRENDS

Production of Compact and Portable Neonatal Care Devices to Increase Market Growth

Several trends and developments are playing a very crucial role in shaping the future of the market. One such trend is the growing demand for portable and compact neonatal care devices. Many people prefer such devices as they have the advantage of being transported and used in remote or underserved areas. Incorporation of artificial intelligence and machine learning, has led to improved accuracy and effectiveness of fetal and neonatal care devices.

Recently there has been a rise in the adoption of telemedicine and remote monitoring solutions. This is helping the healthcare providers to remotely monitor and manage the health of newborns and infants. Such devices are very helpful in remote areas where access to medical facilities is limited. All of these are considered to be the latest trend in the market.

• According to the Centers for Disease Control and Prevention, the US preterm birth rate was 10.4 percent in 2022, reflecting a 1% decline from 2021 and following a 4% rise the previous year, underlining oscillating demand in neonatal monitoring and support devices.

• According to us, approximately 152 million babies were born preterm globally between 2010 and 2020—equivalent to one in every ten births—spotlighting sustained high demand for neonatal care equipment over the past decade.

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FETAL & NEONATAL CARE DEVICES MARKET SEGMENTATION

By Type

The market can be divided on the basis of type into the following segments:

Ultrasound Devices, fetal MRI, fetal monitors, and, fetal doppler. The ultrasound segments are anticipated to dominate the market during the forecast period.

By Application

Classification based on application into the following segment: Hospital, and, clinic. The hospital segment is predicted to dominate the market during the research period.

DRIVING FACTORS

Increasing Prevalence of Preterm Births and Other Complications to Accelerate Market Growth

There are several factors that are positively influencing the market growth and development. One such significant factor is the increasing prevalence of preterm births and neonatal complications, in the past few decades. Such complications require specialized medical equipment as well as attention. Fetal & neonatal care devices are of great help in providing such care when required.

There has been an increasing emphasis on maternal and child health, in developing regions. This is expected to increase the sales of such devices. Numerous technological developments innovative products have been introduced in the market. Some of them include wearable sensors and wireless monitoring systems. Such advancements are expected to increase the efficiency of the devices. Government initiatives as well as funding for neonatal care, in low-income and middle-income countries, are expected to create lucrative growth opportunities for the market.

Growing Popularity of Non-Invasive Prenatal Testing (NIPT) to Propel Market Growth

A new trend that is being witnessed in the market is the introduction of non-invasive prenatal testing (NIPT). Along with this fetal monitoring devices are also being used. These devices and technologies enable early detection and prevention of potential complications that can occur during different stages of pregnancy. Severe maternal health issues, such as gestational diabetes and hypertension, have increased among many women.

Rising awareness among people has increased the adoption of personalized medicine and precision healthcare. Increasing investments in research and development activities and new developments will accelerate fetal & neonatal care devices market share.

• According to the World Health Organization, 13.4 million babies (9.9% of live births) were born preterm in 2020, of which 567,800 (4.2%) were extremely preterm (< 28 weeks), fueling need for specialized respiratory support devices.

• According to the CDC, preterm birth rates in 2022 were 14.6% among Black women versus 9.4% among White women and 10.1% among Hispanic women in the US, driving targeted deployment of fetal and neonatal monitoring solutions in high-risk populations.

RESTRAINING FACTORS

Shortage of Skilled Health Professionals to Operate These Devices to Bring Down Market Growth

Along with the factors that help in the development of the market there are also certain factors that may hinder the growth and development of the market. High cost that is associated with advanced neonatal care devices, will limit their adoption in especially in low-income and middle-income countries.

Another problem that is faced by the market is the shortage of skilled healthcare professionals and inadequate healthcare infrastructure in several regions. Lack of education and awareness about the benefits of advanced neonatal care devices among healthcare providers as well as patients may become a major hinderance for the development of the market. All of these factors can restrain the market growth.

• According to us, only 13% of women in low-income countries receive postnatal care within the first 24 hours, limiting early deployment of critical neonatal devices such as incubators and CPAP systems.

• According to us, conflict in the Gaza Strip reduced functional incubators from 178 to 54—a 70% drop—severely restricting access to essential warming devices amid humanitarian crisis.

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FETAL & NEONATAL CARE DEVICES MARKET REGIONAL INSIGHTS

North America to Dominate Market in Upcoming Years

The region that is predicted to dominate the market during the forecast period is North America. It accounts for a significant share of the global market. The rapid growth in the region can be attributed to the high prevalence of preterm births and neonatal complications in the region.

There is also a dominating presence of major market players in several regions of North America. Government initiatives for maternal and child health have been highly favorable contributing to the growth of the market in this region. All of these factors will have a positive impact on the market.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

• GE Healthcare (U.S.): According to Grand View Research, in 2023 the United States accounted for 36% of the global fetal & neonatal care equipment market; GE Healthcare supplies monitoring and support systems to a majority of these US hospitals.

• Philips (Netherlands): According to Philips’ 2024 Annual Report, the company employs approximately 67,823 employees worldwide, underpinning its R&D and manufacturing capacity to deliver advanced neonatal care solutions across more than 100 countries. 

List of Top Fetal & Neonatal Care Devices Companies

• GE Healthcare (U.S.)
• Philips (Netherlands)
• Dragerwerk (Germany)
• Medtronic (Ireland)
• Siemens (Germany)
• Atom (Japan)
• Analogic (U.S.)
• BD (U.S.)
• Cooper (U.S.)
• Fisher & Paykel (New Zealand)
• Getinge (Sweden)
• Masimo (U.S.)
• Natus Medical (U.S.)

REPORT COVERAGE

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. Name of some of the top industry players have also been mentioned in the market to get a better understanding of the competition present in the market.