CAGR: 6%Current Market Size: USD 2.5 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
The global Fetal Monitoring Market is expected to grow from USD 2.5 billion in 2021 to USD 3.9 billion by 2029, at a CAGR of 6% during the Projection period 2022-2029. The growth of this market is mainly driven by the rise in Preterm birth rates and birth rates.
Fetal monitoring systems are diagnostic devices that track the fetus's motion, heart rate, and mother’s contractions. It is a basic tool used to keep track of uterine contractions during labor. It mostly keeps an eye on the fetus’ health and the progression of labor. To ensure a safe delivery, it is known as a medical method to check the health of an unborn child. Additionally, it is used to keep an eye on jaundice, mental retardation, newborn illnesses, hypothermia, and chronic lung ailments. The doctor keeps an eye on the baby's heartbeat during labor and pregnancy to ensure the fetus is healthy. It is a practice that healthcare professionals use frequently. Over the Projection period, the market for fetal monitoring is anticipated to expand. The global fetal monitoring market is being driven by a number of factors, including the rising prevalence of cardiopulmonary diseases, technological advancements like noninvasive 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 number of challenges that could limit the expansion of the global market for fetal monitoring, including the expensive cost of the equipment, the absence of intervening guidelines, technological constraints, and subjective interpretations.
Sample Request: - Global Fetal Monitoring Market
Market Dynamics:
Drivers:
The increase in government and non-government initiatives to raise awareness about fetal health is driving the global market for fetal monitoring. Furthermore, a significant element driving the growth of the fetal monitoring market will be the increase in post-term pregnancy, multiple pregnancy, and premature birth cases. The market for fetal monitoring is expanding due to an increase in preterm births and birth rates, as well as an increase in the amount of money being invested in its development. The major market factors that will further accelerate the growth of the fetal monitoring market include the rise in changing lifestyles and rising spending on healthcare infrastructure.
Restraints:
The market for fetal monitoring will grow slowly because of the high cost of the necessary equipment. Additionally, unfavorable reimbursement practices will function as a significant market inhibitor and slow the market's expansion.
Opportunities:
The expansion of the fetal monitoring market will benefit from the increasing number of R&D activities. Additionally, the rise in new product launches and the rise in emerging markets will create favorable conditions for the expansion of the fetal monitoring market during the course of the Projection period.
Challenges:
The market for fetal monitoring will face difficulties due to the shortage of competent workers in developing countries. Additionally, the COVID-19 epidemic and the advent of unfavorable conditions would act as a restraint and further hinder the market's growth rate during the Projection period.
Segmentation Analysis:
The global Fetal Monitoring Market has been segmented based on method, product, portability, application, end user and regions.
By Portability
The portability segment is Non-Portable and Portable. The non-portable segment led the largest share of the Fetal Monitoring Market with a market share of around 61.4% in 2021. Due to growing public and private attempts to reduce maternal mortality worldwide and preeclampsia in pregnant women, non-portable systems are anticipated to develop at a profitable rate over the Projection period.
By Product
The product segment includes Instruments and Consumables, Ultrasound, Electronic Maternal/Fetal Monitor, Fetal Electrodes, Fetal Doppler, Telemetry Solutions, Accessories and Consumables, and Software. The instrument and consumables segment led the Fetal Monitoring Market with a market share of around 20.8% in 2021. Within the instruments & consumables category, there are additional categories for ultrasound & ultrasonography, electronic fetal monitoring, fetal electrodes, fetal Doppler, uterine contraction monitor, and telemetry solutions. According to reports, instruments and consumables hold the biggest market share. Increasing maternal death rates, birth defect rates, favorable government organization activities to improve parental care, antepartum hemorrhage rates, early delivery rates, and technology innovation are some of the major contributors to this lucrative rise.
Global Fetal Monitoring Market- Sales Analysis.
The sale of fetal monitoring method, product, portability, application, end user expanded at a CAGR of 4% from 2015 to 2021.
Over the Projection period, the market for fetal monitoring is anticipated to expand. The global fetal monitoring market is being driven by a number of factors, including the rising prevalence of cardiopulmonary diseases, technological advancements like noninvasive 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 number of challenges that could limit the expansion of the global market for fetal monitoring, including the expensive cost of the equipment, the absence of intervening guidelines, technological constraints, and subjective interpretations.
The market for fetal monitoring is anticipated to be driven by rising birth rates, preterm births, and expanding technical support and improvements during the upcoming years. Additionally, increased government and private sector support as well as an increase in market participants' investments predict that the industry will grow over the next few years. In addition, it is anticipated that the rising number of conferences and symposia cases and technical developments in this sector will drive the market throughout the Projection period. There are some limitations and difficulties that may prevent the market from expanding. Market limitations may be caused by elements like strict regulatory requirements and costly equipment costs.
Thus, owing to the aforementioned factors, the global Fetal Monitoring Market is expected to grow at a CAGR of 6% during the Projection period from 2022 to 2029.
By Regional Analysis:
The regions analyzed for the Fetal Monitoring Market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the Fetal Monitoring Market and held a 33% share of the market revenue in 2021.
Global Fetal Monitoring Market- Country Analysis:
Germany's Fetal Monitoring Market size was valued at USD 0.025 billion in 2021 and is expected to reach USD 0.035 billion by 2029, at a CAGR of 4.5% from 2022 to 2029.
One of the key factors fueling the growth of the fetal monitoring market is the rise in the prevalence of cardiopulmonary illnesses in the area. The market is growing faster thanks to ongoing technical developments like minimally invasive surgeries, which have many benefits like shorter hospital stays and quicker recovery times.
China’s Fetal Monitoring Market size was valued at USD 0.039 billion in 2021 and is expected to reach USD 0.059 billion by 2029, at a CAGR of 5.5% from 2022 to 2029. Because the region is spending more on healthcare infrastructure and using more cutting-edge dental technologies. Additionally, the market's growth rate in this region will be boosted by rising birth rates and increased government support for raising awareness. ?
India's Fetal Monitoring Market size was valued at USD 0.036 billion in 2021 and is expected to reach USD 0.053 billion by 2029, at a CAGR of 5% from 2022 to 2029. One of the key factors propelling the expansion of government and non-government initiatives for maternal and fetal health, as well as the existence of insurance policies and reimbursements for fetal monitoring services, all contribute to the acceleration of the market. ?
Key Industry Players Analysis:
To increase their market position in the global fetal monitoring business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
6% |
Market Size |
2.5 billion in 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
By Method, By Product, By Portability, By Application, By End-User and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Medtronic PLC, Becton, Dickinson and Company, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers. |
By Method |
|
By Product |
|
By Portability |
|
By Application |
|
By End-User |
|
Regional scope |
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Scope of the Report
Global Fetal Monitoring Market By Method:
Global Fetal Monitoring Market By Product:
Global Fetal Monitoring Market By Portability:
Global Fetal Monitoring Market By Application:
Global Fetal Monitoring Market By End-User:
Global Fetal Monitoring Market By Region:
Global Fetal Monitoring Market is expected to reach USD 3.9 billion by 2029, at a CAGR of 6% from 2022 to 2029.
The Fetal Monitoring Market is projected to have a CAGR of 6%.
The fetal monitoring market is anticipated to be driven by rising birth rates and preterm births, rising conferences and symposium instances, and rising technological support & improvements throughout the next years.
Leading market players active in the global Medtronic PLC, Becton, Dickinson and Company, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers among others.
On the basis of application, the Fetal Monitoring Market is segmented into Antepartum Fetal Monitoring and Intrapartum Fetal Monitoring.
Political Factors- There is no denying the importance of the political climate for entrepreneurship. It has a direct impact on the realization and effectiveness of entrepreneurial activities as well as overall economic efficiency as an essential component of institutional quality. In this industry, important variables include the legislative landscape and the distribution of power. The actions of the government and other state institutions may have a substantial impact on entrepreneurship on different sorts of markets. Legislation pertaining to a piece of medical equipment, such as fetal monitoring, is discussed in this section. Global market regulations are based on those of the US FDA and are similar to those in the People's Republic of China, Europe, and Canada. Classes I, II, and III are used to categorize medical devices. From Class I to Class III, regulatory oversight is more stringent. The regulatory specifications for a general device type are specified in the device classification regulation.
Economical Factors- Economically, the world currently has modest growth, and little is likely to change in the foreseeable future. It is anticipated that economic activity will slightly improve and, if at all, the unemployment rate will only slightly decline. Even while things are improving, there are still short-term threats, including issues with the Eurozone, the USA's inability to overcome fiscal adjustments, and a slowdown in the economy of developing nations. Regarding medium-term risks, some developed economies implemented risky and unorthodox monetary policies with the goal of enhancing global financial stability.
Social Factor- The population's demographics, employment rate, level of education, household income, and other factors all influence the social and cultural environment. The ageing population in industrialized economies will fuel the expansion of medical device companies. Over 80% of adults 65 and older have at least one chronic illness. The number of people who are 60 or older will rise sharply. The first wave of baby boomers will start turning 65 in 2012, which will create significant potential for medical device businesses that have cutting-edge solutions to treat chronic diseases. By 2020, the EU policy is to achieve 40%. The EU's demographic trend clearly works against this goal. The maximum number of approved students was set by the governments of the selected EU nations.
Technological Factors- Government funding for R&D, the general degree of technology adoption, and new discoveries, for instance, are some examples of technological elements that have an impact on economic growth. The situation in the EU and the market for medical devices will be discussed in relation to these three sectors as well. Risk capital investment, which is private money invested in businesses involved in the creation of new goods and technologies, is another important component of R&D development. This money is typically invested in these businesses during their startup and expansion phases. In Bulgaria, Romania, and Greece, these investments are at their highest levels. The medical technology sector is renowned for its high caliber R&D and for working closely with customers to produce ever-evolving products.
Environmental Factors- Healthcare facilities should constantly enhance their waste disposal procedures. The goal is to address the population's environmental concerns in particular. As a result, they ought to incorporate such actions into their strategic planning. Despite the difficulties the business faces, a new survey by GlobalData found that the medical device industry is not doing enough to be more ecologically friendly. 58% of respondents disagreed that the industry was doing enough, while 42% agreed. Medical device businesses and the healthcare sector as a whole should still practice environmental responsibility wherever possible even though the medical device industry is subject to strict regulations, particularly when compared to other industries.
Legal Factors- When fetal monitoring is marketed in the EU, it must adhere to the appropriate Directive. A wide range of medical devices are covered under the medical device directive, including walking aids, implanted devices, and computed tomography scanners. As a result, the level of medical device assessment differs depending on the device's assessed risk. Before their products may be put on the market, businesses must have notified bodies assess their quality procedures and technical documentation for medium- and high-risk devices. Prior to issuing a certification, the notified body is responsible for confirming that the pertinent standards are met. Manufacturers can then display their products' regulatory conformity by applying the European Conformity (CE) label.
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