The obstetrics devices market is expected to grow at a good rate owing to factors such as increasing birth rate, and rising obstetric complications and assisted deliveries.
A rise in preterm birth, obesity, PCOS (Polycystic Ovarian Syndrome), and other gynecological conditions lead to increased obstetric complications and assisted deliveries. Increasing obesity results in the rise in labor complications and a growing number of C-section deliveries.
Moreover, other conditions such as PCOS, and diabetes are also leading to adverse labor conditions heartening the adoption of assisted deliveries around the world. According to the data by the Centers for Disease Prevention and Control (CDC), the C-section deliveries accounted for 31.9% of the total births in the United States as of the total birth for the year 2017. Hence, the increasing number of C-section deliveries and assisted deliveries are expected to drive the global market over the forecast period.
Key Market Trends
Caesarean Delivery is Expected to Witness Healthy Growth over the Forecast Period
It has been observed that there is a rise in the number of cesarean deliveries across developing as well as developed countries. For instance, a study from the National Family and Health Survey (2019) in India has indicated that the rate of cesarean delivery in India was around 17.2% and it is expected to increase in the future as many women are preferring caesarian delivery.
The number of Cesarean deliveries during the year 2017 in the United States was around 1,232,339, as per the data from the CDC. Furthermore, the rate of cesarean delivery is higher in European countries. For instance, it has been found that every one in three deliveries in Germany is a c-section. This makes Germany among the top ten European countries with the highest C-section rate.
The above-mentioned data indicate that developed countries such as the United States, Germany, and the developing countries like India are witnessing a high rate of cesarean deliveries. Hence, it is believed that the market for cesarean delivery devices will be growing with a healthy CAGR over the forecast period.
Asia-Pacific to Register the Highest CAGR over the Forecast Period
The presence of a large prospective patient pool in countries, such as India and China, drives the market for obstetrics devices in the Asia-Pacific region. Hence, the region is expected to exhibit a lucrative growth rate over the forecast period. The large population base of these countries has encouraged government initiatives for healthy childbirth. Hence, increasing awareness regarding healthy and safe delivery facilities is expected to drive the market in the region. In addition, the awareness regarding risks associated with improper delivery and rising cases of infant mortality are heartening the market growth. Hence, Asia-Pacific is expected to emerge as the fastest-growing region in the global market over the forecast period.
The market for obstetrics devices is moderately competitive and consists of local as well as international players. However, the large share of the market is grabbed by international companies as they are having a worldwide presence with the United States FDA approved devices. As the medical device industry is showing a boost, it is expected that there will be smaller to mid-sized companies penetrating the market studied and hold a substantial share in the market.
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