Zion Market Research has published a new report titled “Global Fetal Monitoring Analysis Market by Product (Instruments & Consumables and Software), by Application (Antepartum Fetal Monitoring and Intrapartum Fetal Monitoring) by Portability (Non-portable and Portable), by Method (Non-invasive and Invasive) for Hospitals, Clinic and Other End-Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global fetal monitoring analysis market accounted for USD 1.91 Billion in 2016 and is expected to reach USD 2.81 Billion by 2022, growing at a CAGR of around 6.7% between 2017 and 2022.
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The fetal monitor is a device to record the vital physiological functions of the fetus during pregnancy. Fetal monitoring helps the possible recognition of problems in the fetus. Apart from this other testing or delivery may be necessary. Preterm birth is the major concern in pediatrics because of major reason for long-term disabilities like mental retardation, cerebral palsy, vision and hearing problems and chronic lung disease.
Major driving factors for fetal monitoring analysis market are increasing government and non-government initiatives for maternal & fetal health across the globe, rising manufacturers’ awareness & willingness to invest in the development of fetal monitoring. In addition, advanced models that help to measure the maternal parameters such as; blood pressure, maternal heart rate and etc. are also expected to supplement the growth in this market in coming five years. However, technological limitations and lack of intervening guidelines may hinder the growth of the global fetal monitoring analysis market within the forecast period.
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Fetal monitoring analysis market on the basis of products is expected to dominate by instruments & consumable in coming five years owing to increasing maternal mortality rate, premature delivery rate, and technological advancement. Application segment of fetal monitoring analysis market is expected to dominate by the antepartum application. Research & development of new products and technological inventions are expected to fuel the growth in the antepartum application of fetal monitoring analysis.
The non-portable systems are expected to dominate the portability segment of this market within the forecast period owing to advanced technology. The non-portable systems have accounted for the largest share of this market owing to the development of new and advanced equipment.
The largest share of an end-user segment of fetal monitoring analysis market is expected to contribute by hospitals owing to increasing initiatives by government and non-government organizations to provide improved prenatal care facilities will drive the growth in this segment.
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In terms of geography, North America accounted for largest market share for fetal monitoring analysis products in 2016. The growth in this region is driven by technological advancements and better reimbursement policies. Asia-Pacific is the fastest growing market for fetal monitoring analysis within the forecast period fueled by an increase in disposable incomes coupled with improving healthcare infrastructure. In addition, large population and increasing number of hospitals in this region are also expected to fuel the growth in this market in coming five years.
Some of the key players include in plant growth market such as Siemens Healthcare, Ge Healthcare, Analogic Corporation, Philips Healthcare, Covidien PLC, Neoventa Medical AB, Arjohuntleigh, Inc., Spacelabs Healthcare, Natus Medical Incorporated, Fujifilm Sonosite, Inc. among others.
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