The fetal monitoring market was valued at $2.93 billion in 2019 and is expected to reach $4.25 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027.
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The major factors that drive the global fetal monitoring market include
increase in birth rates & preterm births, active government and
nongovernment initiatives to provide better maternal & fetal care, and rise
in technological advancements pertaining to these devices. For instance, STAN
monitor from Neoventa Medical and Monica AN24 monitor, few novel technologies
for fetal heart monitoring, are gaining significant foothold in the fetal
monitoring market. However, stringent regulatory procedures and high costs
associated with these devices are anticipated to restrain the market growth.
The ultrasound segment is anticipated to maintain its dominance during
the forecast period, accounting for over one-third share of the global fetal
monitoring market revenue by 2027. This is due to recent developments in
ultrasound technologies, especially the handheld Doppler imaging and fetal
screening through ultrasound devices carried out every trimester during
pregnancy to estimate the gestational age.
The non-invasive method is expected to dominate the market, as most of
the devices used are non-invasive in nature and provide accurate, real-time
images, and continues results as compared to the invasive method. The
non-portable segment accounted for the largest share in the global fetal
monitoring market in 2019.
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Based on application, antepartum fetal monitoring held the largest share
in 2015 compared to intrapartum fetal monitoring. Hospitals is expected to
maintain its dominant position throughout the analysis period, as they are
leading users of fetal monitoring devices to deliver best maternal and fetal
care.
Asia-Pacific has witnessed highest growth rate for fetal monitoring
devices, and is expected to continue this trend due to increase in healthcare
infrastructural development and high fertility rate, specifically in China and
India.
Prominent players operating in the fetal monitoring market have adopted
product launch as their key strategy, and focus on launching innovative
products to cater to the consumer requirements and strengthen their market
share.
The major companies profiled Are:
·
GE Healthcare
·
Analogic Corporation
·
Fujifilm Sonosite, Inc.
·
Koninklijke Philips N.V.
·
Siemens Healthcare
·
Medtronic Plc
·
Arjohuntleigh (subsidiary of Getinge AB)
·
Neoventa Medical AB
·
Natus Medical Incorporated
·
Spacelabs Healthcare (subsidiary of OSI Systems).
Key Findings Of The Study
- The study provides an in-depth analysis,
current trends, and future estimations of the global fetal monitoring
market to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive
and restrict the fetal monitoring market growth is provided.
- The electronic fetal monitoring (EFM) segment
in product type is anticipated to grow at a CAGR of 6.2% from 2020 to
2027.
- Extensive analyses of key segments of the
fetal monitoring industry help to understand the types of products and
technologies used across various geographies.
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