SANTA CLARA, Calif., May 21, 2018 /PRNewswire/ --†A growing population of tech-savvy millennial parents, the rising popularity
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The biggest growth opportunity lies in building a complete ecosystem of maternal and infant care solutions that can work together as a platform, creating a smart nursery. This unified ecosystem will comprise baby monitors and digital equipment that aid consumers in a cohesive experience at an important intersection between connected home and connected health.
"The integration of AI and voice technology in Babytech and Femtech will not only enhance the robustness of the products and services, but also pave the way for the entry of major tech companies such as Amazon," said Chandni Mathur, Digital Health Analyst at Frost & Sullivan. "Regulatory bodies and the investment community are realizing the potential and scope of application of digital health tools in this space, driving greater investments and the development of innovative and targeted digital health solutions."
Frost & Sullivan's recent analysis, Global Digital Health Maternal and Infant Care Solutions MarketóLeaders, Innovators, and Startups, 2018, examines products such as wearables, mobile applications, sensors, and standalone devices that assist in the better management of fertility, pregnancy, nursing, and the health and safety of infants. This analysis also highlights select companies delivering promising solutions across diverse domains in the maternal and infant digital health space.
As the interoperable devices on the smart nursery network collect vast amounts of data, especially about newborns, data security concerns are relevant to the market. Being a sensitive market, consumers desire trustworthy devices offering top-notch accuracy and security.
"Meanwhile, there is huge untapped potential for digital health solutions such as telemedicine, mHealth and remote monitoring in developing and less-developed regions that have limited access to optimal maternity and child care," noted Mathur. "So far, the technology's biggest markets have been the United States and Europe, which boast large populations of tech-savvy consumers and favorable governmental regulations that encourage the use of digital health services."
Regulatory bodies such as the US Food and Drug Administration (USFDA) have acknowledged the importance of digital applications in alleviating women's health issues and have approved digital solutions in the Femtech space. A case in point is the Ava fertility tracking bracelet, which received Class One medical device status.
Some of the players in the vanguard of a new digital era of maternal and infant care include:
Global Digital Health Maternal and Infant Care Solutions MarketóLeaders, Innovators, and Startups, 2018 is part of Frost & Sullivan's global Digital Health Growth Partnership Service program.
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Global Digital Health Maternal and Infant Care Solutions MarketóLeaders, Innovators, and Startups, 2018MDEA-48
Contact:Mariana FernandezT: +1 210 348 1012T: +54 11 4778 3540E: Mariana.Fernandez@frost.com
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SOURCE Frost & Sullivan
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