Global Fetal Monitoring Market Overview:
Fetal Monitoring is an electronic device used to monitor fetal heart rate, fetal movement, and uterine contractions during pregnancy or continuously during labor to ensure normal delivery of a healthy baby. The Devices allows monitoring chronic lung diseases, jaundice, hypothermia, mental radiation, neonatal disease, and vision & hearing problem. This prevents complications during childbirth such as cerebral palsy, brain damage, newborn seizures, or fetal death. Some of the players profiled in the study are GE Healthcare (United Kingdom), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Covidien PLC (United States), Analogic Corporation (United States), Spacelabs Healthcare Inc. (United States), Neoventa Medical (Sweden), ArjoHuntleigh Inc. (United States), FUJIFILM SonoSite Inc. (United States) and Natus Medical Incorporated (United States). According to Market Analyst at AMA, the Global Fetal Monitoring market may see a growth rate of 6.8% and would reach the market size of USD3064.2 Million by 2026.
On the basis of geography, the market of Fetal Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Portability, the sub-segment i.e. Portable will boost the Fetal Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Invasive will boost the Fetal Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Fetal Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Birth Rates And Preterm Births Across The Globe
- Need for Continous Monitoring of the Heartbeat of the Fetus
Influencing Trend
- Advancement In Technology of Fetal Monitoring Devices
- Automation in the Fetal Monitoring Products
Restraints
- High Cost of Fetal Monitoring Equipment
- Stringent Rules And Regulation Regarding the Use of Fetal Monitoring
Opportunities
- Support From Government And Non-government Organizations for the Development In Healthcare Infrastructure and Usage of Fetal Monitoring Devices
Challenges
- Stiff Competition in Fetal Monitoring Market Due to New Entrants
Key Market Developments:
In March 2017, GE Healthcare a multinational company that provides medical imaging, monitoring, biomanufacturing, and cell & gene therapy technologies buys Monica Healthcare for Digital Fetal Monitor. Monica manufactures Bluetooth connected fetal monitor called as Novii Wireless Patch System.
On 12th June 2020, Philips launches an obstetrics monitoring solution to support clinicians and expectant mothers during the COVID-19 pandemic. They have announced an addition to its remote patient monitoring suite supporting at-risk populations during the COVID-19 emergency. The new wireless Avalon CL Fetal and Maternal Pod and Patch aim to reduce unnecessary physical interactions between clinicians and patients, which is of particular importance during the COVID-19 pandemic. The patch is part of a broader innovative high-risk pregnancy solution which includes Philips perinatal analytics, and visualization software as well as an ultra-portable battery-operated fetal monitor.
"The FDA approved the device for women during or after their 32nd week of gestation in pregnancy. A 149-person study was submitted as part of the approval process, with the FDA finding that the device was sufficiently accurate and easy to use. Startup gets FDA clearance for a device that can monitor the baby’s heart rate. Nuvo Group received 510k clearance from the Food and Drug Administration for its wearable sensor band, which can monitor fetal and maternal heart rate data."
Target Audience:
Fetal Monitor Manufacture, Fetal Monitor Supplier and Distributors, Fetal Monitor International Traders, Research and Development Institutes, Association And Government Bodies, Research Laboratories and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Fetal Monitoring market on the basis of product [Instruments & Consumables, Ultrasound & Ultrasonography, Electronic Fetal Monitoring (Efm), Fetal Electrodes, Fetal Doppler, Uterine Contraction Monitor, Telemetry Solutions, Accessories & Consumables, Software and Others] , application [Antepartum Fetal Monitoring and Intrapartum Fetal Monitoring], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fetal Monitoring market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fetal Monitoring industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are
.** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fetal Monitoring market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.