Fetal Monitoring Market is dominated by Ultrasound Through 2028
Rising incidence of
nosocomial infections in neonates and rising public awareness of newborn care
equipment is driving the growth of the market in the forecast period, 2024-2028.
According to the TechSci Research
report, “Fetal Monitoring Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028”. The Fetal Monitoring Market is projected to increase at an impressive rate
in the forecast period, 2024-2028. Over the forecast period, the market for
fetal monitoring is anticipated to expand. The Global Fetal Monitoring Market is
being driven by several factors, including the rising prevalence of
cardiopulmonary diseases, technological advancements like non-invasive
surgeries, increased government and non-government initiatives for maternal and
fetal health around the world, rising manufacturer awareness and willingness to
invest in the development of fetal monitoring, and an increase in the number of
post-term pregnancy, multiple pregnancy, and premature delivery cases. Devices
for examining fetal heart rate, fetal movement, and uterine contractions are included
in this market.
However, there are a few
challenges that could limit the expansion of the global market for fetal
monitoring, including the expensive cost of the equipment, absence of prevailing
guidelines, technological constraints, and subjective interpretations.
Browse over XX market data Figures spread through 110 Pages and an
in-depth TOC on the "Fetal Monitoring Market.”
The Fetal Monitoring market is segmented based on product, portability,
method, application, and end-use.
Based on product, the market
is categorized into ultrasound device, fetal monitors, uterine contraction
monitors, fetal electrodes, fetal doppler device, telemetry device, accessories
and consumables, and others. A growing number of applications to observe the
fetus during pregnancy led to the ultrasound device segment to have the biggest
market in 2021. Further encouraging the adoption of portable and DIY ultrasound
devices for home include growing awareness, technological developments, and
ease of use.
Based on portability the market is divided into portable and
non-portable system. The
non-portable System category dominated the market for advanced wound care in
2021, accounting for highest revenue share. Non-portable systems are used in hospitals and
have more demanding as compared to portable systems.
Based on methods, the market
is categorized into invasive and non-invasive. Non-invasive segments lead the
growth of the market throughout the forecast period. The factor attributing towards
the growth of the Global Fetal Monitoring Market is, increasing incidence of high-risk
pregnancies and launch of non-invasive treatments.
Based on end-use, the market
is divided into hospitals & clinics, ambulatory care centers, and homecare.
In 2021, the hospitals sector's revenue share was highest. The availability of
specialists and the presence of cutting-edge technology to improve patient care
are factors influencing this rise. Additionally, the high patient load and
rising number of NICUs in hospitals are fueling segment expansion. The market
is divided into hospitals, clinics, and other end-uses.
Major companies operating
in the Fetal Monitoring market
are:
- Medtronic
- Koninklijke
Philips N.V.
- Siemens
Healthineers
- GE
Healthcare
- FUJIFILM
SonoSite, Inc
- Natus
Medical Incorporated
- Huntleigh
Healthcare Limited (UK)
- The Cooper
Companies Inc. (US)
- CONTEC
Medical Systems Co., Ltd
- Cardinal
Health Inc.
Recent Development
A
remote portable ultrasound device was introduced in August 2020 by Pulsenmore
Ltd., an Israeli business that produces and sells ultrasound equipment.
Pregnant mothers can conduct ultrasound scans at home with the first-ever
self-administered ultrasound machine.
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“North America held the largest market share. Due to the enormous demand for
technologically improved items, better healthcare delivery is made possible.
The establishment of well-equipped NICU facilities and an increase in the
number of FDA approvals for these devices are both results of the value-based healthcare
strategy. For instance, the FDA granted Nuvo Group's INVU system, a wearable
pregnancy monitoring device, supplementary 510(k) approval in June 2021 so that
it could add a new module for the monitoring of uterine activity. This
program is anticipated to accelerate market expansion in the United States.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Fetal Monitoring Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Ultrasound, Device,
Fetal Monitors, Uterine Contraction Monitors, Fetal Electrodes, Fetal Doppler
Device, Telemetry Device, Accessories and Consumables, Others) By Portability
(Portable System and Non-Portable System), By Method (Invasive and
Non-invasive), By Application (Antepartum & Intrapartum), By End Use
(Hospitals, Obstetrics & Gynecology clinic, Home Care Setting), By Company
and By Region,
has evaluated the future growth potential of Fetal Monitoring market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Fetal Monitoring market.”
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