Global Fetal Monitoring Market, By Product (Ultrasound, Intrauterine Pressure Catheter, Electronic Fetal Monitoring (EFM), Telemetry Solution, Fetal Electrode, Fetal Doppler, Accessories and Consumables, Other Products); By Method (Invasive, Non-Invasive); By Portability (Portable, Non-Portable); By Application (Intrapartum Fetal Monitoring, Antepartum Fetal Monitoring); By End-User (Hospitals, Clinics, Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

Published:
June 2021
Report Code:
BWC20368
Available Format:
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Pages:
146

global fetal monitoring market report

The Global Fetal Monitoring Market- Industry Trends & Forecast Report 2027

The global fetal monitoring market was worth USD 3.2 billion in 2020 and is further projected to reach USD 5.3 billion by 2027, at a CAGR of 7.6% during the forecast period (2021-2027). Owing to the rising demand for monitoring of the fetus at the time of pregnancy, coupled with the increase in the hemorrhage rate and premature delivery, the market is expected to grow rapidly. Additionally, technological advancements like the development of non-invasive and portable fetal monitors have also paved the way for the growth of the global fetal monitoring market.

Global Fetal Monitoring Market Overview

A fetal monitor is a diagnostic tool that is used for monitoring the vitals of a fetus and maternal uterine environment. It monitors the prenatal of the fetus and the mother by checking uterine contractions of the mother and also by detecting neonatal diseases, vision & hearing problems, chronic lung diseases, mental retardation, etc. in the fetus. The global fetal monitoring market is booming owing to the increasing awareness regarding fetal health, the multiplying cases of cardiac abnormalities, and an increase in government programs for fetal and maternal health around the world. Furthermore, an increase in the number of post-term pregnancies, ectopic pregnancies, and premature delivery cases are some of the major reasons driving the growth of the fetal monitoring market.

Global Fetal Monitoring Market Trend

Growth Drivers

Advancements in fetal monitoring technology

Major advancements in fetal monitoring technologies have paved the way for the growth of the fetal monitoring market tremendously. The growing focus on research and technological developments of non-invasive monitoring procedures, such as Doppler studies, fetal acid-base status, cell-free fetal DNA assessment, and electronic fetal monitoring (EFM) has led to the growing adoption of fetal monitoring systems by obstetricians. Furthermore, computer-aided decision support systems and Artificial Intelligence (AI) are being adopted for fetal heart rate (FHR) or continuous cardiotocography (CTG) at the time of labor. Also, fetal monitoring is presently being streamlined for better performance during utero-fetal surgeries. Additionally, Fetal phonocardiography has been incorporated, along with enhanced data acquisition systems to enhance the proficiency of fetal data monitoring. All these technologies have led to the growth of the global fetal monitoring market.

Rising awareness regarding fetal and maternal health

The growing awareness regarding fetal health, along with pre-and post-partum care has been the primary factor driving the growth of the fetal monitoring market. The increasing cases of nephrological, cardiopulmonary, and nervous diseases have led to a growing concern regarding fetal care, which in turn is increasing the demand for fetal monitoring systems. Moreover, increasing government and non-government initiatives for fetal and maternal health across the globe have resulted in a better understanding of childcare and fetal health amongst people of every stratum of society. Thus, rising awareness amongst manufacturers and the willingness to invest in the development of fetal monitoring systems is significantly propelling the growth of the global fetal monitoring market.

Restraints

Extremely High Cost

The manufacturing and installation of the fetal monitoring systems are very expensive since the superior technology incorporated in fetal monitors requires a lot of investment. Probes in the Doppler technology range, for example, such as the Philips Doppler transducer series, can cost around USD 17,000, making more modern and advanced monitoring methods, such as Doppler ultrasound equipment, much more expensive. These monitoring systems are extremely sophisticated, and thus require regular and thorough maintenance, which in turn incurs heavy maintenance charges. The high costs of fetal monitoring systems have thus proven to be challenging for low-income nations along with low-resource hospitals, thereby proving to be a major restraint to the global fetal monitoring market.

Impact of COVID-19

The COVID-19 pandemic has had a negative impact on practically every market. The ongoing epidemic has also had a negligible impact on the fetal monitoring business.  The global impact of COVID-19 has increased the demand for fetal monitoring systems for monitoring the health of the fetus as well as uterine contractions, besides determining whether the infant is infected with the coronavirus. However, drastic rescheduling of appointments to conform to safety measures soon after the COVID outbreak resulted in a drop in patient volume in hospitals for fetal monitoring operations.

Global Fetal Monitoring Market by Product

Based on product, the global fetal monitoring market is divided into ultrasound, intrauterine pressure catheter, electronic fetal monitoring (EFM), telemetry solution, fetal electrode, fetal doppler, accessories and consumables, and other products. Among these, the ultrasound devices segment hold the largest market share. The growth of this segment can be attributed to increasing congenital anomalies, technological advancements coupled with rising maternal mortality, and rising regulatory approvals. Ultrasound has thereby established itself as an indispensable part of maternal care regimen. Moreover, the Ultrasound is further subdivided into various sub-parts like 2D ultrasound, 3D & 4D ultrasound, and doppler imaging which further increases its range of application, thereby making it the largest segment.

Source: Blue Weave Consulting

 

Global Fetal Monitoring Market by Method

Based on the method, the global fetal monitoring market is divided into invasive and non-invasive segments. Out of these, the non-invasive segment accounted for the largest share in the fetal monitoring market. Non-invasive procedures are more popular among obstetricians and gynecologists since they are safer for diagnosing and monitoring the fetus, especially in high-risk circumstances like ectopic pregnancies. The growing acceptance of a variety of non-invasive monitoring devices, as well as the rapid advancement of new technologies, has successfully pushed the growth of this segment.

Global Fetal Monitoring Market by Application

Based on application, the global fetal monitoring market can be divided into intrapartum and antepartum. Out of these, the antepartum segment holds the largest market share. The antepartum segment has increased significantly as a result of the increased prevalence of fetal defects, recent product launches, technical breakthroughs, maternal mortality campaigns and programs, and extensive monitoring regimes. Moreover, the antepartum application is carried out throughout the entire gestation period to detect anomalies in the fetus and uterine environment, which in turn is contributing to the growth of the antepartum segment.

Global Fetal Monitoring Market by Region

Based on region, the global fetal monitoring market can be divided into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America has the greatest market share due to reasons such as increasing patient awareness, technological developments, and better reimbursement policies.

Furthermore, the Asia-Pacific region is quickly catching up and becoming the fastest-growing market; this can be attributed to factors such as continuous development of healthcare infrastructure in countries such as China, South Korea, and Japan, as well as rising per capita income and favorable government initiatives aimed at improving healthcare services.


Competitive Landscape

Owing to the growing awareness regarding maternal and fetal healthcare, coupled with rapid technological advancements, the global fetal monitoring market is proving to be very lucrative, thereby attracting many competitors. The major players in the market are Covidien PLC, FUJIFILM SonoSite, Inc., Spacelabs Healthcare, Inc., ArjoHuntleigh, Inc., Siemens Healthcare, GE Healthcare, Neoventa Medical AB, Koninklijke Philips N.V., Natus Medical Incorporated, Huntleigh Healthcare Limited, Bionet Co., Ltd., TRISMED Co., Ltd., Shenzhen Comen Medical Instruments Co., Ltd., The Cooper Companies Inc., Cardinal Health, Inc.

Recent Developments

·         In June 2021, Philips launched its AVALON CL, a maternal and fetal pod and patch which are disposable and single-use, following the revised FDA guidelines in April 2020.

·         In January 2021, Israel-based Nuvo Group partnered with Axia Women’s Health. Owing to this partnership, Axia Women’s Health will be able to prescribe INVU to expectant mothers, which is said to reduce the risk of exposure during COVID-19 to the fetus.

 

Scope of The Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

the U.S., Canada, Germany, the United Kingdom, Italy, France, Spain, China, India, Japan, Singapore, South Korea, Brazil, Argentina, Columbia, Mexico, Saudi Arabia, Iran, UAE, Turkey, South Africa

Product/Service Segmentation

By Product, By Method, By Portability, By Application, By End-Use, By Region

Key Players

Covidien PLC, FUJIFILM SonoSite, Inc., Spacelabs Healthcare, Inc., ArjoHuntleigh, Inc., Siemens Healthcare, GE Healthcare, Neoventa Medical AB, Koninklijke Philips N.V., Natus Medical Incorporated, Huntleigh Healthcare Limited, Bionet Co., Ltd., TRISMED Co., Ltd., Shenzhen Comen Medical Instruments Co., Ltd., The Cooper Companies Inc., Cardinal Health, Inc.

 

 

 

 

By Product

Ø  Ultrasound

Ø  Intrauterine Pressure Catheter

Ø  Electronic Fetal Monitoring (EFM)

Ø  Telemetry Solution

Ø  Fetal Electrode

Ø  Fetal Doppler

Ø  Accessories and Consumables

Ø  Others

By Method

Ø  Invasive

Ø  Non-Invasive

By Portability

Ø  Portable

Ø  Non-Portable

By Application

Ø  Intrapartum

Ø  Antepartum

By End-User

Ø  Hospitals

Ø  Clinics

Ø  Others

 

By Region

Ø  The Asia-Pacific

Ø  North America

Ø  Europe

Ø  The Middle East & Africa

Ø  Latin America

FAQs:

1.    What is the current size of the global fetal monitoring market?

Answer: The global fetal monitoring market has reached USD 3.2 billion in 2020.

 

2.    What are the major factors driving the growth of the global Fetal Monitoring market?

Answer: Rising awareness regarding fetal and maternal healthcare along with rapid technological advancements are major driving factors of the global fetal monitoring market.

3.    Who are the key players in the global fetal monitoring market?

Answer: Covidien PLC, FUJIFILM SonoSite, Inc., Spacelabs Healthcare, Inc., ArjoHuntleigh, Inc., Siemens Healthcare, GE Healthcare, Neoventa Medical AB, Koninklijke Philips N.V., Natus Medical Incorporated, Huntleigh Healthcare Limited, Bionet Co., Ltd., TRISMED Co., Ltd., Shenzhen Comen Medical Instruments Co., Ltd., The Cooper Companies Inc., Cardinal Health, Inc.

 

Which Application accounted for the largest share in the global fetal monitoring market?

Answer: Antepartum by application is accounted for the largest share in the global fetal monitoring market.

4.    Which region is growing at a higher rate in the global fetal monitoring market?

Answer: the Asia-Pacific is growing at a higher rate in the global fetal monitoring market.

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

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