The Insight Partners published latest research study on “Fetal Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Method, Portability, Application, and Geography” the 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 with an estimated CAGR of 7.6% from 2022 to 2028.
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.
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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.; and The Cooper Companies, Inc. are among the key market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the fetal monitoring market and its ecosystem.
Browse key market insights spread across 150 pages with 85 list of tables & 70 list of figures from the report,” Fetal Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product (Ultrasound, Intrauterine Pressure Catheter (IUPC), Telemetry Solutions, Electronic Fetal Monitoring (EFM), Fetal Electrodes, Fetal Doppler, Accessories & Consumables, and Other Products), Method (Invasive and Non-Invasive), Portability (Portable and Non-Portable), and, Application (Intrapartum Fetal Monitoring and Antepartum Fetal Monitoring), and Geography in detail along with the table of contents: https://www.theinsightpartners.com/reports/fetal-monitors-market
The increase in preterm and low-weight births is one of the major factors driving the growth of the fetal monitoring market. With the increasing number of births, many complications are associated with prematurity, resulting in deaths. Prematurity is defined as a live birth before 37 weeks of gestation, with a birth weight of less than 2500 g being considered a low weight birth. According to a study published in the July 2020 International Journal of Gynecology & Obstetrics, titled “Global Burden of Preterm Birth,” around fifteen million babies are born prematurely worldwide, resulting in a global preterm birth rate of approximately 11%. Additionally, in the US, according to the Centers for Disease Control and Prevention, a November 2021 updated article titled “Preterm Birth” reported that one in ten children born in 2020 were born prematurely. In addition, the incidence of diseases in newborns has also increased. These factors have increased the market demand for fetal monitoring devices.
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Preterm birth remains a significant public health problem, contributing to 75% of worldwide neonatal mortality. Low birth weight (LBW) is an important but imperfect surrogate for preterm birth when the accurate determination of gestational age is impossible. While there is overlap between preterm births and LBW newborns, those who are both preterm and LBW are at the highest risk for adverse neonatal outcomes. The World Health Organization (WHO) estimates that over fifteen million infants are born prematurely yearly, and around one million die from premature problems. According to the World Health Organization, more than 60% of preterm births occur in South Asia and Africa. The preterm birth rate in low-income countries was around 12%, compared to 9% in higher-income countries. Approximately 3,519,100 preterm births were recorded in India in 2018. Therefore, the increasing number of preterm births and increased survival concerns fuel the demand for fetal monitoring devices to manage the complications associated with these preterm births.
Technological advances and innovations in the 21st century aimed at developing highly efficient tools for effective fetal care have proven significant in managing preterm births. Several multi-chain hospitals have opened specialized pediatric clinics in different locations to increase access to fetal and neonatal clinics. For example, in 2015, Seattle Children’s Hospital announced the opening of the Seattle Children’s South Clinic regional clinic in Pierce and South King counties. It aimed to provide better access to specialist fetal and neonatal clinics and services.
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Increasing pregnancy complications such as infections, pre-eclampsia, fetal growth restriction, associated efforts to increase fetal and maternal survival rates, and advances in fetal care are the major factors driving global sales of fetal monitoring devices. As companies worldwide increasingly focus on research initiatives, expansion is the order of the day. Monitoring the fetus is one of the complex tasks that can cause complications. Research efforts to develop advanced technological devices remain essential to manufacturers. Rapid technological advances favor companies that bring blue spectrum radiation sources and user-friendly control panel phototherapy devices to market.
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.
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