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The global fetal and neonatal care equipment market was valued at USD 8.50 Billion in 2023. It is expected to grow at a CAGR of 7.10% during the forecast period of 2024-2032 and attain a market value of USD 15.76 Billion by 2032. The market growth is driven by the increased incidence of neonatal health conditions, rising birth rates and premature births. Patents are focused on advanced technologies such as fetal magnetic resonance imaging (MRI) devices.
The Global Fetal and Neonatal Care Equipment Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for fetal and neonatal care equipment include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with fetal and neonatal care equipment. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within Fetal and Neonatal Care Equipment technologies.
Patent Valuation Analysis
An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for fetal and neonatal care equipment technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with Fetal and Neonatal Care Equipment.
Analysis of Patent Applications
A comprehensive summary of several patent applications which were filed across different jurisdictions for fetal and neonatal care equipment and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.
Analysis of Granted Patents
Detailed analysis of the granted patents across different jurisdictions for fetal and neonatal care equipment and their relative value in the IP is covered in the final report.
Fetal and neonatal care equipment encompasses medical devices used to monitor, diagnose, and treat the health of unborn babies and newborns. This includes technologies for fetal monitoring, neonatal intensive care, and respiratory support. These tools are essential for ensuring the well-being of both premature and full-term infants in clinical settings. This includes instruments that track fetal development and identify possible problems, such as Doppler devices, ultrasound machines, and fetal heart rate monitors. These technologies are essential for guaranteeing the mother's and the fetus's health during pregnancy.
Advancements in Technology is Expected to Boost the Patent Industry Growth
The capabilities and precision of fetal and neonatal care equipment are enhanced by ongoing technological advancements. Technological developments in imaging, monitoring, and diagnostics improve the capacity to deliver accurate and prompt care to both neonates and fetuses. For instance, the IntelliVue MX800, the neonatal monitoring system from Philips has sophisticated sensors and real-time data analytics. This system shows how technological advancements drive market growth by providing more sophisticated and effective care solutions. It improves monitoring capabilities with more precise measurements and integration with electronic health records. Patents covering these technologies are crucial for companies and thus impact the landscape significantly. In 2022, 96 patents were granted which increased to 104 patent grants by 2023.
Increasing Awareness and Healthcare Spending is Expected to Propel Fetal and Neonatal Care Equipment Patent Industry
Increased investment in cutting-edge fetal and neonatal care equipment is a result of rising healthcare spending worldwide and growing awareness of the significance of neonatal care. There is a greater need for cutting-edge medical technologies as a result of the increased emphasis on maternal and child health.
The report will cover the following sections in detail:
Analysis by Product Type
The breakup based on product type includes fetal care equipment and neonatal care equipment. Neonatal equipment is used to provide critical care and support to newborns, particularly those born prematurely or with health issues. This category includes devices that support breathing, help maintain a stable body temperature, and monitor vital signs such as incubators, ventilators, and neonatal monitoring systems. To provide specialized care and guarantee the health and survival of infants who are at risk, these instruments are indispensable.
The United States is one of the leading jurisdictions for fetal and neonatal care equipment patents, having around 3,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.
Among the players with fetal and neonatal care equipment patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the fetal and neonatal care equipment field. some of the major companies mentioned in this report (a non-exhaustive list) are as follows:
Genentech Inc.
The company was founded in 1976 and has its main office in South San Francisco, California. Its focus is on creating and producing cutting-edge treatments. Genentech is not a significant player in the market for fetal and neonatal care equipment, despite concentrating primarily on pharmaceuticals and biologics for a range of diseases. Rather than medical devices for fetal and neonatal care, biotechnology is the company's primary area of expertise.
Koninklijke Philips NV
The company is based in Amsterdam, Netherlands, and was established in 1891. It is a leader in consumer electronics and health technology worldwide. In the market for fetal and neonatal care equipment, Philips is a major player, providing cutting-edge products like respiratory support systems, neonatal incubators, and fetal monitors. The company's emphasis on technological innovation in healthcare improves both fetuses' and newborns' outcomes.
Other companies include Masimo Corp, Sequenom Inc., Covidien Lp, Massachusetts Inst Technology, Broad Inst Inc., Xenon Pharmaceuticals INC, Purdue Pharma Lp, Medimmune LLC, Ix Innovation LLC, and Icu Medical Inc., among others.
The fetal and neonatal care equipment patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by -
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Global Fetal and Neonatal Care Equipment Market
Global Neonatal Ventilators Market
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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