Rise in birth rates may fuel growth of fetal and neonatal care equipment market in Latin America

According to a research report published by Spearhead Acuity Business Research, the mounting birth rates, increase in demand for technologically advanced fetal monitoring products, and reforming healthcare infrastructure may fuel growth of the fetal and neonatal care equipment market in Latin America. The market could grow at a CAGR of 7.1% over 2015 – 2019 in the region. Over 80% of global pregnancy complications and deaths are reported in developing geographies. North America led the global market in 2014 by capturing 36% market share worth USD 1,176.0 million. Philips Healthcare, GE Healthcare, Draeger and Covidien were the market leading companies in 2014 followed by Draeger Medical, SpaceLabs Healthcare, Masimo, BabyBeat, Summit Doppler, SonoTrax, Nonin, Nellcor etc.