Fetal and Neonatal Monitoring Market Analysis | United States | 2017-2023 | MedCore
- Year: 2017
- Scope: 2013-2023
- Region: United States
- Pages: 56
- Published Date: 9/1/2016
- Type: MedCore
The fetal and neonatal monitoring market includes fetal monitors for both antepartum and intrapartum monitoring, in addition to critical care monitors for premature infants. Neonatal monitoring is driven by the demand for high cost continuous critical care monitoring in any hospital with a maternity ward or neonatal intensive care unit (NICU). Over the forecast period the neonatal monitoring segment is expected to account for a growing percentage of the total market. This subtle shift may be attributed to a tendency for hospitals to invest in fetal monitors featuring improved, albeit more expensive, wireless connectivity options among other updated features. By 2023, however, the revenue mix will stabilize and only nominal fluctuations are expected in the long-term. Growth in these mature markets is generally minimal considering that equipment is usually purchased on a replacement basis. In recent years, however, hospitals have begun to purchase equipment that can be integrated with their hospital information systems in order to foster improved clinical workflow. Consequently, as hospitals continue to replace their monitors, they will instead opt for more advanced devices with updated features, such as wireless patient connectivity and device networking capabilities. This trend will help to stabilize the market for fetal and neonatal monitors over the forecast period.
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