Spain Neonatal and Prenatal Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Fetal Care Equipment and Neonatal Care Equipment), By End-use (Hospitals, Clinics, and Others), and Spain Neonatal and Prenatal Devices Market Insights, Industry Trend, Forecasts to 2033

Spain Neonatal and Prenatal Devices Market Insights Forecasts to 2033

• The Spain Neonatal and Prenatal Devices Market Size is Growing at a CAGR of 6.85% from 2023 to 2033
• The Spain Neonatal and Prenatal Devices Market Size is Expected to hold a significant share By 2033

The Spain Neonatal and Prenatal Devices Market Size is Anticipated to hold a significant share By 2033, Growing at a CAGR of 6.85% from 2023 to 2033. The growing awareness, incidences of preterm births, and high demand for prenatal therapeutics, diagnostics, & monitoring devices are driving the growth of the neonatal and prenatal devices market in Spain.     

Market Overview

The neonatal and prenatal devices market comprises medical devices and technologies used during pregnancy, labor and delivery, and for newborn care. The equipment included in the market are fetal monitors, incubators, and neonatal monitoring devices. Neonatal devices are used for the care and monitoring of newborns during the first 28 days of life, while prenatal devices monitor fetal health and development during pregnancy. The increase in preterm and low-weights birth infants, admissions, and awareness about neonatal and fetal care surges the demand for neonatal and prenatal devices. The increased preference for home healthcare is creating opportunities for market growth in the neonatal and prenatal devices.

Report Coverage

This research report categorizes the market for the Spain neonatal and prenatal devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain neonatal and prenatal devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain neonatal and prenatal devices market.

Driving Factors

The growing awareness about these devices and incidences of preterm birth in the country leads to drive the neonatal and prenatal devices market. For instance, it was estimated that approximately 53,000 babies in Spain were born preterm. The increased demand for prenatal therapeutics, diagnostics, & monitoring devices leads to the demand for neonatal and prenatal devices which contributes to drive market growth.

Restraining Factors

The low birth rate and lack of awareness regarding neonatal and prenatal are challenging the neonatal and prenatal devices market.

Market Segmentation

The Spain neonatal and prenatal devices market share is classified into product and end-use.

• The fetal care equipment segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR growth during the projected period.

The Spain neonatal and prenatal devices market is segmented by product into fetal care equipment and neonatal care equipment. Among these, the fetal care equipment segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a significant CAGR growth during the projected period. Fetal care equipment such as fetal monitors is used for listening baby’s heartbeat during labor and delivery to check the early signs of distress. The increasing awareness, technological advancements, and ease of use of these equipment including ultrasound devices, MRI systems, monitors, and pulse oximeters driving the market growth.

• The hospitals segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a substantial CAGR growth rate during the forecast period.

The Spain neonatal and prenatal devices market is segmented by end-use into hospitals, clinics, and others. Among these, the hospitals segment dominated the market with the largest revenue share in 2023 and is anticipated to grow at a substantial CAGR growth rate during the forecast period. In hospitals, these devices are used for monitoring fetal and newborn health during labor, delivery, and in neonatal intensive care units (NICUs). The technologically advanced equipment and specialists for handling equipment in the hospitals are the factors driving the market in the hospitals segment.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain neonatal and prenatal devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GE Healthcare
• Getinge AB
• Masimo
• Medtronic PLC
• Natus Medical Incorporated
• Phoenix Medical Systems (P) Ltd
• Vyaire Medical
• Cardinal Health
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2022, Devyser’s quality management system and fetal diagnostics product were approved under the new European IVD Regulation. The certification, issued by the notified body TÜV SÜD, covers Devyser’s quality management system and fetal diagnostics product. The approval strengthens Devyser’s position in the market and confirms the company’s long-term focus on quality and patient safety.

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain neonatal and prenatal devices market based on the below-mentioned segments

Spain Neonatal and Prenatal Devices Market, By Product

• Fetal Care Equipment
• Neonatal Care Equipment

Spain Neonatal and Prenatal Devices Market, By End-use

• Hospitals
• Clinics
• Others