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The neonatal and prenatal devices market share in France is expected to increase by USD 635.08 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.57%.
This neonatal and prenatal devices market in France research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers neonatal and prenatal devices market segmentation in France by End-user (hospitals, diagnostics centers, and clinics and others) and type (prenatal and fetal equipment and neonatal equipment). The neonatal and prenatal devices market in France report also offers information on several market vendors, including Atom Medical Corp., Baxter International Inc., Becton Dickinson and Co., Cardinal Health Inc., Draegerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., FUJIFILM Holdings Corp., General Electric Co., Getinge AB, Inspiration Healthcare Group Plc, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Natus Medical Inc., Neoventa Medical AB, OSI Systems Inc., Smiths Group Plc, Utah Medical Products Inc., Vyaire Medical Inc., and Nihon Kohden Corp among others.
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The rising incidence of preterm births is notably driving the neonatal and prenatal devices market growth in France, although factors such as affordability issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the neonatal and prenatal devices industry in France. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Neonatal and Prenatal Devices Market Driver in France
One of the key factors driving growth in the neonatal and prenatal devices market in France is the rising incidence of preterm births. Preterm birth or premature birth is the birth of a baby before 37 weeks of gestation. This condition usually occurs due to factors such as interval duration of six months between pregnancies, conceiving through in-vitro fertilization, infections in amniotic fluid and lower genital tract, multiple miscarriages or abortions, multiple pregnancies, and occurrence of chronic conditions such as diabetes and high blood pressure during delivery. Premature babies are often associated with high neonatal mortality (in the first 28 days of life), short- or long-term morbidity, and disabilities such as cerebral palsy, sensory impairments, learning disabilities, breathing problems, delay in developmental stages, and respiratory illnesses. Due to the rising number of preterm births in France, NICUs are provided to improve neonatal care with high-end equipment, such as neonatal devices, that enable doctors to continuously monitor the health status of babies. Considering all these factors, the growing incidence of preterm births will drive the growth of the market in focus.
Key Neonatal and Prenatal Devices Market Trend in France
The growing awareness of fetal screening and monitoring procedures is a neonatal and prenatal devices market trend in France that is expected to have a positive impact in the coming years. Increasing preterm and intrapartum-related neonatal mortality rates have led to a rise in the awareness of screening and monitoring procedures. Screening and monitoring procedures are used to minimize the need for invasive testing and increase the chances of detecting chromosomal or genetic abnormalities in the fetus, which drives the demand for prenatal devices. Governments and private organizations in France are introducing initiatives that emphasize the advantages of fetal screening and monitoring. While non-invasive prenatal testing (NIPT) is legal in France for women above 21 years of age, the test is allowed to be used only to detect genetic disorders in the embryo, such as cystic fibrosis, thalassemia, and sickle cell anemia. However, NIPT for sex determination causes legal actions in hospitals and diagnostics centers. Moreover, the rising awareness of fetal screening and monitoring procedures is expected to propel the growth of the market.
Key Neonatal and Prenatal Devices Market Challenge in France
The affordability issues will be a major challenge for the neonatal and prenatal devices market in France during the forecast period. The affordability of neonatal and prenatal devices is one of the major concerns, as most women or families are unable to afford the costs involved. Furthermore, the use of expensive neonatal and prenatal devices in healthcare centers contributes to the high cost of pregnancy and delivery care. The cost of NICU care per patient per day is more than $125 in France. The middle-class family finds it difficult to bear this cost. Thus, the high initial cost of neonatal devices, as well as the steep maintenance costs, makes them inaccessible and unaffordable in hospitals and primary healthcare centers. Considering all these factors, the affordability issues of neonatal devices are expected to have an adverse impact on the market in focus.
This neonatal and prenatal devices market in France analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the Neonatal and Prenatal devices market in France as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the neonatal and prenatal devices market in France during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the neonatal and prenatal devices market in France encompasses successful business strategies deployed by the key vendors. The neonatal and prenatal devices market in France is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The neonatal and prenatal devices market in France forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the neonatal and prenatal devices market in France, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The neonatal and prenatal devices market share growth in France by the hospitals segment will be significant during the forecast period. Hospitals that have maternal departments provide neonatal and prenatal care. Patients with neonatal and prenatal problems are mostly dependent on hospitals. Most hospitals across regions have tie-ups with medical colleges and institutions. These hospitals provide technologically advanced procedures to treat them, which are less invasive but involve prohibitive costs. Due to the low-cost NICU services offered, government hospitals witness a high volume of patients regularly.
This report provides an accurate prediction of the contribution of all the segments to the growth of the neonatal and prenatal devices market size in France and actionable market insights on the post-COVID-19 impact on each segment.
Neonatal and Prenatal Devices Market Scope in France |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.57% |
Market growth 2022-2026 |
$ 635.08 million |
Market structure |
Fragmented |
YoY growth (%) |
5.2 |
Regional analysis |
France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Atom Medical Corp., Baxter International Inc., Becton Dickinson and Co., Cardinal Health Inc., Draegerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., FUJIFILM Holdings Corp., General Electric Co., Getinge AB, Inspiration Healthcare Group Plc, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Natus Medical Inc., Neoventa Medical AB, OSI Systems Inc., Smiths Group Plc, Utah Medical Products Inc., Vyaire Medical Inc., and Nihon Kohden Corp |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Type
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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