The global fetal monitoring market revenue was around US$ 3.6 billion in 2023 and is estimated to reach US$ 6.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2024 to 2032.
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A diagnostic technique called fetal monitoring is used to track the fetus’s heart rate and movement as well as the mother’s and the uterus’ contractions during labor. It mostly keeps an eye on the health of the fetus and the development of labor. It is known as a medical procedure in the medical community to assess the health of an embryo to guarantee a safe delivery.
Factors Influencing Market Growth
– Technological developments in fetal monitoring devices, like portable fetal devices and ultrasound systems, have increased the accuracy and efficiency of monitoring and will drive global market growth.
– Programs by governmental and non-governmental groups propel the expansion of the fetal monitoring market. For instance, the Maternal, Infant, and Child Health Workgroup under Healthy People 2030 seeks to lower the rates of illness and mortality among women, infants, and children, according to the U.S. Department of Health and Human Services.
– Developments in technology and an increase in preterm births and birth rates are expected to pave the way for future opportunities in fetal monitoring. This surge in demand for fetal monitoring during pregnancy will propel market growth.
– The high cost of fetal monitoring devices may hamper market growth.
Impact of COVID-19
COVID-19 positively impacted the market. As healthcare systems struggled with the crisis, the time initially caused disruptions to several healthcare aspects, including maternal and fetal monitoring. As the period progressed, a generally beneficial effect did surface. Advances in telemedicine and remote patient technologies have made it possible for expectant mothers to receive fetal monitoring and prenatal care from the comfort of their own homes. Additionally, the urgency of the time prompted improvements in medical devices and diagnostics, which enhanced fetal monitoring technologies. Improved guidelines and understanding have also resulted from increased research and awareness regarding the effects of COVID-19 on pregnancy. Furthermore, healthcare systems showed resiliency in the face of difficulties by adapting to guarantee the safety of expectant mothers and babies. Thus, even though the pandemic continued, these advancements improved the monitoring of maternal and fetal health.
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Regional Insights
North America dominated the market in 2023. This is due to the presence of several major players, including Siemens AG, General Electric Company, Cardinal Health, and Koninklijke Philips N.V., as well as improvements in manufacturing technology for fetal monitoring devices. The market is expected to grow due to a robust healthcare infrastructure, affluent consumers, and an increase in the use of state-of-the-art fetal monitoring devices. Additionally, there was a greater need for fetal monitoring equipment in the region due to increased health awareness among the populace and medical professionals regarding the significance of keeping an eye on fetal health during pregnancy.
Leading Competitors
– Koninklijke Philips N.V.
– Neoventa Medical AB
– Cardinal Health, Inc.
– EDAN Instrument, Inc.
– FUJIFILM Holdings Corporation
– Arjo
– Natus Medical Inc.
– Siemens AG
– MedGyn Products, Inc.
– General Electric Company
– Other Prominent Players
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Segmentation Analysis
The global fetal monitoring market segmentation focuses on product, method, portability, application, end user, and region.
Segmentation based on Product
– Ultrasound
– 2D Ultrasound
– 3D and 4D Ultrasound
– Doppler Imaging
– Electronic Fetal Monitoring (EFM)
– External EFM
– Internal EFM
– Accessories and Consumables
Segmentation based on Method
– Invasive
– Non-Invasive
Segmentation based on Portability
– Portable
– Non-Portable
Segmentation based on Application
– Intrapartum Fetal Monitoring
– Antepartum Fetal Monitoring
Segmentation based on End User
– Others
– Hospitals and Maternity Hospitals
– Clinics
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Segmentation based on Region
– North America
– The U.S.
– Canada
– Europe
– UK
– Germany
– France
– Italy
– Spain
– Netherlands
– Rest of Europe
– Asia-Pacific
– China
– Japan
– India
– Australia
– South Korea
– Singapore
– Rest Of Asia-Pacific
– LAMEA
– Latin America
– Middle East
– Africa
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These responses will function a complete examination of the:
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- Representative and a price chain probability breakdown
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- The market’s important using forces
- Key market traits are impeding market expansion.
- Obstacles to market expansion.
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- Thorough SWOT analysis
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- Initiatives with a strategic center of attention on the pinnacle vendors.
- PEST find out about of the five essential market regions.
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