Fetal Monitoring Market Attractiveness, Challenge And Growth Factor Forecast 2028

According to Premium Market Insights new research study on "Fetal Monitoring Market was valued at US$ 3,870.9 million in 2021 and is likely to reach a value of US$ 6,438.2 million by 2028 at a CAGR of 7.6% between 2022 and 2028.

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Some Of the Major Players Influencing are ?Koninklijke Philips N.V.?FUJIFILM SonoSite, Inc.?Medtronic Plc?Siemens Healthineers?GE Healthcare?EDAN Diagnostics, Inc.?Natus Medical Incorporated?Neoventa Medical AB?CONTEC Medical Systems Co., Ltd.?The Cooper Companies, Inc

Fetal monitoring is a device used during labor to record the fetus's heartbeat. The method depends on the ob-gyn and hospital policies and the risk of problems. In medical terms, it is a method to check the health of an unborn baby to ensure its safety before birth. In addition, it is also used to monitor chronic lung diseases, neonatal diseases, mental retardation, hypothermia, vision & hearing problems, and jaundice.

MARKET DYNAMICS

Rising lifestyle changes and increasing expenditure on healthcare infrastructure are some of the major market drivers escalating the growth of the fetal monitoring market. Another significant factor is the growing focus of manufacturers on adopting advanced technologies. Advancements in technology and research in fetal monitoring systems have increased the focus on noninvasive monitoring procedures. Gynecologists and obstetrics are introduced with many noninvasive diagnosis technologies such as cell-free fetal DNA assessment, electronic fetal monitoring (EFM), doppler studies, and fetal acid-base status. Fetal assessments are carried out during antepartum via percutaneous umbilical cord blood sampling and during the intrapartum with fetal scalp blood sampling immediately after birth. Fetal cardiac assessments have also witnessed progress that supports high-fidelity hemodynamic and continuous physiologic monitoring, thus enabling early diagnosis and treatment of the fetus, thereby boosting the market growth.

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MARKET SCOPE

The "Global Fetal Monitoring Market Analysis to 2028" is a specialized and in-depth study of the fetal monitoring market with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by product, method, portability, and application. The global fetal monitoring industry is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market player and offers key trends and opportunities in the fetal monitoring industry.

MARKET SEGMENTATION

The global fetal monitoring market is segmented into product, method, portability, and application. On the basis of product, the market is segmented into ultrasound, intrauterine pressure catheter (IUPC), telemetry solutions, electronic fetal monitoring (EFM), fetal electrodes, fetal doppler, accessories and consumables, and other products. On the basis of method, the market is segmented into invasive and non-invasive. On the basis of portability, the market is segmented into portable and non-portable. Further, on the basis of application the market is segmented into intrapartum fetal monitoring and antepartum fetal monitoring.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global fetal monitoring market based on various segments. It also provides market size and forecast estimates from 2022 to 2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The fetal monitoring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.

From the regional perspective, the North American region dominates the fetal monitoring market. The dominance of North American region in the fetal monitoring market is major as preterm births are a serious health problem in the US and Canada and one of the leading causes of infant mortality in these countries. They account for nearly 13% of all births and 17% of all infant deaths and cost more than US$ 25 billion annually. The condition is alarming due to poor prenatal care, induced fertility, increasing maternal age, obesity, and smoking. Maternal age is one of the biggest risk factors. The rate of preterm birth is in the youngest and oldest mothers in the US. Fetal care products are life-critical in these circumstances as they provide the thermal support necessary for survival.

The below figure showcase the revenue growth trend in the fetal monitoring market:

The report analyses factors affecting the fetal monitoring market from both the demand and supply side and further evaluates market dynamics during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides a PEST analysis highlighting the factors affecting the fetal monitoring market in these regions.

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IMPACT OF COVID-19 PANDEMIC

The COVID-19 outbreak positively impacted the global demand for fetal monitoring devices. The pandemic compelled healthcare regulatory bodies to ease their regulatory norms for fetal monitors to support the uninterrupted care regime of expectant mothers. Relaxations in rules also paved the way for several key players in the market to smoothly launch their equipment with noninvasive features, tele-ultrasound monitoring, and portable technologies. The FDA released its updated April 2020 FDA guidance amid the pandemic, under which Philips successfully launched its fetal monitor, Avalon CL, in the US on June 12, 2020. The FDA's enforcement policy for noninvasive fetal and maternal monitoring devices aimed to increase access to devices that could reduce the need for in-clinic visits and the burden on doctor's offices and hospitals during the COVID-19 pandemic.

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