report-bg

Fetal Monitoring Market Analysis by Product (Fetal Monitoring Devices, and Neonatal Monitoring Devices); End User (Hospitals, Neonatal Care Centers) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

Buy Now Report ID: 4864 | Published Date: Apr 30, 2023

Global Fetal Monitoring Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Fetal Monitoring Market is estimated to garner a revenue of ~USD 15.81 billion by the end of 2035 by growing at a CAGR of ~10.20% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 4.93 billion in the year 2023. The market growth is mainly owing to the increasing awareness about maternal and fetal health, rising maternal age, and the growing prevalence of preterm births. According to the World Health Organization (WHO), an estimated 15 million babies are born preterm each year, accounting for around 1 in 10 of all births worldwide. Preterm birth is defined as delivery before 37 completed weeks of gestation. Fetal monitoring includes both external and internal monitoring devices. External monitoring devices are placed on the mother's abdomen and include ultrasound devices and tocodynamometers, which measure the frequency and intensity of uterine contractions.

In addition to this, internal monitoring devices are placed inside the uterus and include fetal scalp electrodes and intrauterine pressure catheters, which measure the fetal heart rate and the strength of uterine contractions. The rates of preterm birth vary widely across countries and regions. In high-income countries, such as the United States, the preterm birth rate is around 10%, while in low-income countries, the rate can be as high as 18%. Preterm birth is a significant public health concern, as it is a leading cause of death and long-term disability among newborns. Preterm babies are at higher risk of respiratory distress syndrome, jaundice, infections, and other complications. They may also experience long-term developmental delays and disabilities, including cerebral palsy, intellectual disabilities, and vision and hearing problems.


RN
/admin/upload_images/Fetal Monitoring Market.png
Get more information on this report: Request Free Sample PDF

Global Fetal Monitoring Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~10.20%

Base Year Market Size (2023)

~ USD 4.93 Billion

Forecast Year Market Size (2035)

~ USD 15.81 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

Global Fetal Monitoring Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing Maternal Age: As women delay childbirth, the risk of pregnancy complications, including preterm labor, increases. According to the Centers for Disease Control and Prevention (CDC), the birth rate for women aged 35 to 39 years increased by 1% from 2018 to 2019, and the birth rate for women aged 40 to 44 years increased by 2%.
  • Growing Prevalence of Preterm Births: Preterm birth rates have been increasing globally, which is driving the demand for fetal monitoring devices. In the United States, for instance, the preterm birth rate increased from 9.63% in 2015 to 11.02% in 2019.
  • Technological Advancements: Advances in fetal monitoring technology, such as wireless monitoring and non-invasive monitoring methods, are driving the market growth. For instance, Philips Healthcare's Avalon CL Fetal and Maternal Pod provides wireless fetal monitoring, which allows mothers to move freely during labor.
  • Rising Awareness about Maternal and Fetal Health: There is increasing awareness among expectant mothers about the importance of monitoring fetal health. This is leading to an increase in demand for fetal monitoring devices. According to a survey, nearly 70% of women in the United States believe that fetal monitoring is an essential part of prenatal care.
  • Rise in Research Spending – Growth in the global market during the forecast period can be further attributed to increased investment in research and development activities to continuously find more viable solutions for fetal monitoring. Research reports show that global R&D spending has more than tripled in real terms since 2000, rising from about USD 680 billion to more than USD 2.5 trillion in 2019.

Challenges

  • Cost of devices: Fetal monitoring devices can be expensive, which can limit their accessibility and adoption, particularly in low and middle-income countries.
  • Limited access to healthcare
  • Competition from alternative technologies


Global Fetal Monitoring Market Segmentation

The global fetal monitoring market is segmented and analyzed for demand and supply by application into hospitals, neonatal care centers, and others. Out of the three types of end users, the hospitals segment is estimated to gain the largest market share of about ~35% in the year 2035. The growth of the segment can be accredited to the large number of patients requiring treatment for maternal conditions. The hospitals are also growing rapidly in number, which is estimated to positively influence segmental growth. For instance, by the year 2022, there were noted to be approximately 6,100 hospitals in the United States. Hospitals provide a wide range of medical care. Physicians, called hospital doctors, typically specialize in internal medicine, pediatrics, or general practice. They have the knowledge to solve common problems and the resources to solve more complex medical problems. Hospitals may also offer specialized care, such as neurology, obstetrics and gynecology, and oncology. By definition of a hospital, a county hospital is typically a primary medical facility in a region with numerous intensive care and mobile beds for patients requiring long-term care.

The global fetal monitoring market is also segmented and analyzed for demand and supply by product into fetal monitoring devices, and neonatal monitoring devices. Amongst these two segments, the neonatal monitoring devices segment is expected to garner a significant share of around ~60% in the year 2035. The growth of the segment can be accredited to the increasing prevalence of neonatal disorders. The prevalence of neonatal disorders such as respiratory distress syndrome, hypothermia, and jaundice is increasing globally, which is driving the demand for neonatal monitoring devices. Advances in neonatal monitoring technology, such as wireless and portable monitors, are driving market growth. For instance, the Masimo Rad-97 Pulse CO-Oximeter is a wireless and portable monitor that can provide non-invasive measurements of various neonatal vital signs. There is increasing awareness among healthcare professionals and parents about the importance of monitoring neonatal health. This is leading to an increase in demand for neonatal monitoring devices.

Our in-depth analysis of the global fetal monitoring industry includes the following segments:

      By End User

  • Hospitals
  • Neonatal Care Centers
  • Others

 

   

      By Product

  • Fetal Monitoring Devices
  • Neonatal Monitoring Devices

Global Fetal Monitoring Market Regional Synopsis

regional-synopsis

The fetal monitoring in the Asia Pacific region, amongst the market in all the other regions, is projected to hold the largest market share of about ~35% by the end of 2035. The regional growth can majorly be attributed to the rising prevalence of preterm births. The Asia Pacific region has a high incidence of preterm births, which is driving the demand for fetal monitoring devices. According to the World Health Organization (WHO), the preterm birth rate in the Asia Pacific region ranges from 6.2% to 18.3%. There is a growing awareness about the importance of maternal and fetal health in the Asia Pacific region. Governments, healthcare organizations, and NGOs are taking initiatives to improve maternal and fetal health outcomes, which is driving the demand for fetal monitoring devices. The Asia Pacific region is experiencing rapid technological advancements in the healthcare sector, which is driving the market growth. For instance, Philips Healthcare has developed a fetal monitoring system called Avalon CL, which is designed to improve the accuracy and reliability of fetal monitoring. There is a growing demand for non-invasive fetal monitoring methods in the Asia Pacific region. This is driven by factors such as patient comfort, safety, and convenience.

The fetal monitoring in the North American region, amongst the market in all the other regions, is projected to hold the second largest share of about ~24% during the forecast period. The growth of the market in this region can primarily be attributed to the growing demand for non-invasive monitoring methods. There is a growing demand for non-invasive fetal monitoring methods in the North America region. This is driven by factors such as patient comfort, safety, and convenience. For instance, the use of wireless fetal monitoring devices is increasing in the region owing to their non-invasive nature and ease of use. The North American region has several government initiatives aimed at improving maternal and fetal health outcomes. For instance, the US Department of Health and Human Services has launched the Healthy People 2020 initiative, which includes goals related to improving maternal and fetal health outcomes. The North American region is at the forefront of technological advancements in the healthcare sector, which is driving the regional market growth.

Further, fetal monitoring in the Europe region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to government initiatives. The Europe region has several government initiatives aimed at improving maternal and fetal health outcomes. For instance, the European Commission has launched the European Perinatal Health Report, which provides information on perinatal health indicators and highlights areas where improvements are needed. There is a growing demand for non-invasive fetal monitoring methods in the Europe region. This is driven by factors such as patient comfort, safety, and convenience. The Europe region is experiencing rapid technological advancements in the healthcare sector, which is driving the market growth. The Europe region has a high incidence of preterm births, which is driving the demand for fetal monitoring devices. According to a report, the preterm birth rate in Europe ranges from 5.2% to 11.4%.

/admin/upload_images/Fetal Monitoring Market Size.png
Get more information on this report: Request Free Sample PDF

Top Featured Companies Dominating the Global Fetal Monitoring Market

top-features-companies
    • GE Healthcare
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Koninklijke Philips N.V.
    • Siemens Healthineers AG
    • FUJIFILM SonoSite, Inc.
    • Huntleigh Healthcare Limited
    • ArjoHuntleigh AB
    • Bionet Co., Ltd.
    • Neoventa Medical AB
    • Analogic Corporation
    • Natus Medical Incorporated

In-the-news

In The News

  • Koninklijke Philips N.V.: Philips announced the launch of a new fetal monitoring solution called Avalon CL, which is designed to improve the efficiency and accuracy of fetal monitoring in labor and delivery units. The solution features a compact, wireless monitoring unit and a range of sensors for measuring fetal heart rate, uterine activity, and maternal vital signs.
  • GE Healthcare: GE Healthcare announced that it had received clearance from the US FDA for its new fetal monitoring system, called Corometrics 372. The system features advanced technologies such as digital signal processing and a touch-screen interface, and is designed to improve the accuracy and ease of use of fetal monitoring in clinical settings.

preview-analysis

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


Key Questions Answered in the Report

1) What are the major factors driving the growth of the fetal monitoring market?

Ans: Increasing awareness about maternal and fetal health, rising maternal age are the major factors driving the market growth.

2) What would be the CAGR of fetal monitoring market over the forecast period?

Ans: The market size of fetal monitoring is anticipated to attain a CAGR of ~10.20% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the fetal monitoring market growth?

Ans: Competition from alternative technologies is estimated to be the growth hindering factor for the market expansion.

4) Which region will provide more business opportunities for growth of fetal monitoring market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the fetal monitoring market?

Ans: The major players in the market are ArjoHuntleigh AB, Bionet Co., Ltd., Neoventa Medical AB, Analogic Corporation, Natus Medical Incorporated, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fetal monitoring market?

Ans: The market is segmented by product, end-user, and by region.

8) Which segment captures the largest market size in the end user segment in the fetal monitoring market?

Ans: The hospital segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

 Request Free Sample Copy