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Saturday, 20 May 2017
Growth Prospects of the South Korea Fetal and Neonatal Monitoring Market 2017
South Korea Market Report for Fetal and Neonatal Monitoring 2017 - MedCore is a new market research publication announced by Reportstack.
General Report Contents
• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends • Market Drivers & Limiters for each chapter segment • Competitive Analysis for each chapter segment • Section on recent mergers & acquisitions The fetal and neonatal monitoring market includes fetal monitors for both antepartum and intrapartum monitoring, in addition to critical care monitors for premature infants.
The neonatal monitoring market represented the majority of the total fetal and neonatal monitoring market. 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). Fetal monitoring encompassed the remainder of the market and is driven by increased public awareness of technology for monitoring the development of a fetus. 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.