New York, United States , Aug. 03, 2024 (GLOBE NEWSWIRE) -- The Global Mother and Child Healthcare Market Size is to Grow from USD 723.67 Billion in 2023 to USD 2106.78 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 11.28% during the projected period.
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The health care given to mothers that are of reproductive age and their offspring is known as mother and child healthcare. The target demographic for mother and child healthcare includes all women in their reproductive age groups, such as those between the ages of 15 and 49, children, and teenagers. Globally, and particularly in developing nations, the significance of maternal and child health care is improving. The provision of healthcare services to mothers and children is the main objective of health programs. According to the WHO, "promoting, preventing, therapeutic, or rehabilitation facility or care for mother and child" basically involves the medical treatment that mothers and children receive. The total amount of pregnant women is increasing, and consumers are becoming more conscious of the advantages of maternal health, which is contributing to the market growth. The industry will have significant growth opportunities in the maternal health market because of the growing disposable income, increasing birth rates, and rapid advancements in healthcare products. However, this is concerning because one-third of maternal deaths occur within a week to a year of giving birth. Thus, the lack of services in rural areas makes it difficult to expand the market.
Browse key industry insights spread across 213 pages with 110 Market data tables and figures & charts from the report on the "Global Mother and Child Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Services (Birthing Services, Fertility Services, Postnatal Services, Prenatal Services, and Others), By Maternal Age (Under 20, 21 to 30, 31 to 38, 39 and above), By End User (Nursing Homes & Clinics, Hospitals, In-Home Services, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The postnatal services segment dominates the market with the largest market share of the mother and child healthcare market during the projected timeframe.
Based on the services, the mother and child healthcare market is divided into birthing services, fertility services, postnatal services, prenatal services, and others. Among these, the postnatal services segment dominates the market with the largest market share of the mother and child healthcare market during the projected timeframe. Based on the WHO-proposed ANC (antenatal care) model, the postnatal service has the largest market share when it comes to providing pregnant women with polite, personalized, personalized attention at every interaction. Therefore, the market is growing as a result of this progress in postnatal care services.
The age 21 to 30 segment is expected to grow at the fastest CAGR in the global mother and child healthcare market during the projected timeframe.
Based on the maternal age, the mother and child healthcare market is categorized into Under 20, 21 to 30, 31 to 38, 39, and above. Among these, the age 21 to 30 segment is expected to grow at the fastest CAGR in the global mother and child healthcare market during the projected timeframe. The anticipated development period for the age group of 21 to 30 is expected to occur. Women can become pregnant while giving birth at any moment from teenage years and the start of their periods to menopause. The perfect age to get pregnant is between late 20s and early 30s. The best results for mother and child are linked to this age range.
The hospital segment dominates the market with the largest market share of the mother and child healthcare market during the projected timeframe.
Based on the end user, the mother and child healthcare market is divided into nursing homes & clinics, hospitals, in-home services, online, and others. Among these, the hospital segment dominates the market with the highest market share of the mother and child healthcare market during the projected timeframe.
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Asia Pacific is expected to hold the largest share of the mother and child healthcare market over the forecast period.
Asia Pacific is expected to hold the largest share of the mother and child healthcare market over the forecast period. During the anticipated period, Asia Pacific will hold the largest share of the worldwide mother and child healthcare market due to the region's developed healthcare infrastructure. Throughout the forecast period, Asia-Pacific is anticipated to hold the largest share of the mother and child healthcare market. Due to several factors, including an absence of super-speciality care facilities, a growing number of parents who are willing to consult super-specialists, increased access to developed healthcare infrastructure, and ongoing research efforts to develop cutting-edge services and technologies in the area, the market for the region is expected to grow rapidly in the coming years. Increasing death rates, an increase in the number of late pregnancies, a rise in IVF success rates, and an increase in expendable money in the region are all expected to have a significant impact on the Asia-Pacific mother and child healthcare market.
North America is predicted to grow at the fastest pace in the mother and child healthcare market during the projected timeframe. Over the projected period, the mother and child medical industry in North America is expected to increase at the current rate. With the announcement of the U.S. Agency for International Development's new guidelines to avoid maternal and child fatalities, the mother-child healthcare market in North America is expected to grow. To establish antenatal care centres, emergency care centres, and prenatal and postnatal care centres in the region's remote areas, as well as to improve infrastructure and provide modern and innovative mother and child healthcare products, the United States government makes the largest financial investments in the healthcare sector. Throughout the projection, these elements are expected to boost the mother and child healthcare industry in the region.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Mother and Child Healthcare Market Johnson & Johnson Private Limited, Siemens, Fuji Latex Co, Okamoto Industries Inc., Agile Therapeutics, SYNAPSE Product Development, RAND Corporation, McKinsey & Company, Reckitt Benckiser Group Plc, Sanofi, International Federation of Pharmaceutical Manufacturers & Associations, Merck & Co., Inc., MedTech Boston, Jiovio Healthcare, and Other Key Vendors.
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Recent Developments
- In March 2024, Arrowhead Regional Medical Center (ARMC) was listed as a “Birthing-Friendly” hospital for its commitment to providing evidence-based, high-quality maternity care to women and their families in the Inland Empire.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the mother and child healthcare market based on the below-mentioned segments:
Global Mother and Child Healthcare Market, By Services
- Birthing Services
- Fertility Services
- Postnatal Services
- Prenatal Services
- Others
Global Mother and Child Healthcare Market, By Maternal Age
- Under 20
- 21 to 30
- 31 to 38
- 39 and above
Global Mother and Child Healthcare Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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