Spain Neonatal and Prenatal Devices Market - Growth, Trends, and Forecasts (2022 - 2027)

The Spain Neonatal and Prenatal Devices Market is expected to register a CAGR of 6.97% Over the forecast period.

The healthcare system has witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to ​reduce the risk of viral transmission as most chronic therapies were regarded as non-urgent. According to an article titled "Obstetric-Neonatal Care during Birth and Postpartum in Symptomatic and Asymptomatic Women Infected with SARS-CoV-2: A Retrospective Multicenter Study" published in the International Journal of Environmental Research and Public Health in April 2022, the COVID-19 affected pregnant women were at an increased risk of lack of labor companionship, mother-infant separation, and admission to the Intensive Care Units (ICU), as well as to have preterm births and Neonatal Intensive Care Unit (NICU) admissions. The difficulties associated with the infection significantly affected the market growth during the COVID-19 pandemic.

The increasing awareness for neonatal & prenatal care, rising incidence of preterm births and increased demand for prenatal therapeutics, diagnostics, and monitoring devices are the major factors driving the growth of this market.

An article titled "A comparison between midwifery and obstetric care at birth in Spain: A cross-sectional study of perinatal outcomes" published in the International Journal of Nursing Studies in November 2021 indicated that midwifery care in Spain was associated with lower rates of operative births and severe perineal damage and had no higher adverse outcomes. The study suggested a shift in the current maternity care system towards greater integration of midwifery-led services to achieve optimal birth outcomes for women and newborns. The increasing demand to improve the neonatal services provided in the nation is expected to boost market growth over the forecast period.

Also, the rise in prenatal diagnoses in the nation is expected to add to the market growth. For instance, according to an article titled "The changing landscape of prenatal invasive diagnostic testing: an 11-year single centre experience" published in the journal of Ultrasound in Obstetrics & Gynecology in September 2022, there was an increase in prenatal diagnosis in Spain, owing to the introduction of novel diagnostic techniques such as micro-array. Thus, the increasing number of prenatal diagnostics performed in the nation is likely to add to the growth of the market.

However, the low birth rate in developed nations is the major challenge hindering the growth of the neonatal & prenatal devices market.

Key Market Trends

The Ultrasound and Ultrasonography Devices Segment is Expected to Hold a Major Market Share in the Spain Neonatal and Prenatal Devices Market.

The rising demand for ultrasound devices during pregnancy check-ups in the nation is a major factor attributing to the market growth. According to the Vital Statistics (Births, Deaths and Marriages) Basic Demographic Indicators report by the Statistical Organisation in Spain published in June 2022, around 336,811 births were recorded in Spain in the year 2021. Although the numbers reported showed a decline of 1.3% compared to the previous year, the large volume of people in the nation requiring ultrasound and ultrasonography devices for their regular health check-ups is expected to add to the growth of the studied market over the forecast period.

Also, preterm delivery and stillbirths are major factors adding to the market growth. For instance, according to an article titled "Lack of changes in preterm delivery and stillbirths during COVID-19 lockdown in a European region" published in the European Journal of Pediatrics in February 2021, in Castilla-y-Leon, a Spanish region, the rates of preterm and stillbirth rates remained stable during the COVID-19 pandemic, in spite of the expected reduction in preterm births due to the contingency measures implemented during the lockdown period. Spontaneous preterm births can be predicted with an ultrasound cervical texture analysis. An article titled "Mid-trimester prediction of spontaneous preterm birth with automated cervical quantitative ultrasound texture analysis and cervical length: a prospective study" published by a group of Spanish researchers in Scientific Reports in April 2021 indicated that ultrasound measurement of cervical length is the most commonly used predictor of risks in pregnancy. The use of ultrasound devices for detecting preterm births in the nation is expected to propel the growth of the ultrasound and ultrasonography devices segment in the neonatal and prenatal devices market over the forecast period.

The recent product launches by key market players in the nation are also adding to the growth of the studied market. For instance, in March 2021, GE Healthcare launched its new, hand-held ultrasound device, the Vscan Air, for sale in Spain. Such product launches are likely to add to the growth of the studied market.

Competitive Landscape

The market studied is a consolidated market, owing to the presence of various small and large market players. Some of the market players are GE Healthcare, Getinge AB, Masimo, Medtronic PLC, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, and Vyaire Medical.

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