New York, Oct. 31, 2022 (GLOBE NEWSWIRE) -- According to our latest market study on "Fetal Monitoring Market Size, Share, Trends, Growth Strategy and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Method, Portability, Application, and Geography" the global fetal monitoring market was valued at USD 3.8 Billion in 2021 and is likely to reach a value of USD 6.4 Billion by 2028 with an estimated CAGR of 7.6% from 2022 to 2028.
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Global Fetal Monitoring Market Report Scope, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 3.8 Billion in 2021 |
| Market Size Value by | USD 6.4 Billion by 2028 |
| Growth rate | CAGR of 7.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| No. of Pages | 150 |
| Historical data available | Yes |
| Segments covered | Product, Method, Portability, and, Application |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Global Fetal Monitoring Market: Competitive Landscape
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.
Impact of COVID-19 Pandemic on Global Fetal Monitoring Market:
The COVID-19 outbreak positively impacted the global demand for fetal monitoring devices. The pandemic compelled healthcare regulatory bodies to ease their regulatory norms for fetal monitors to support the uninterrupted care regime of expectant mothers. Relaxations in rules also paved the way for several key players in the market to smoothly launch their equipment with noninvasive features, tele-ultrasound monitoring, and portable technologies. The FDA released its updated April 2020 FDA guidance amid the pandemic, under which Philips successfully launched its fetal monitor, Avalon CL, in the US on June 12, 2020. The FDA’s enforcement policy for noninvasive fetal and maternal monitoring devices aimed to increase access to devices that could reduce the need for in-clinic visits and the burden on doctor’s offices and hospitals during the COVID-19 pandemic.
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Growing Number of Premature and Low Weight Births is Catalyzing the Global Fetal Monitoring 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.
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.
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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