Industry Background:
Preterm birth is one of the most prevalent cause of stillbirths or fetal and neonatal mortality. According the Center for Disease Control, In the United States alone, premature births account for nearly 10% of the newborn babies annually. Insufficient and improper nutrition delivery is a major cause of preterm birth and has caused many health diseases and cardiovascular malignancies which demands the need of safety heart monitoring of foetus. Foetal/fetal Heart rate monitoring is the process of analysing the condition of foetus during labor and delivery by monitoring the heart of the foetus with special equipment. Foetal monitoring devices are vital tools that are used to monitor foetal/maternal parameters such as foetal heart rate, foetal movements and uterine contractions. These devices are mainly used in gynaecology and obstetrics interventions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Covidien PLC (Ireland), FUJIFILM SonoSite, Inc.(India), GE Healthcare (United States), Philips Healthcare (United States), Siemens Healthcare (Germany), Neoventa Medical (Sweden), Spacelabs Healthcare, Inc.(United States), Analogic Corp.(United States) and OBMedical (United States) |
This growth is primarily driven by The increasing number of birth rate and preterm birth resulting in medical complications, Technological advancement in medical devices, Rising manufacturer’s awareness and willingness in the development of fetal monitoring and Increase in the number of post-term pregnancy, multiple pregnancy, and premature delivery cases..
Globally, a noticeable market trend is evident Smart pulse fetal heart monitoring technology developed by Philips company is one such novel development perceived in the market to tackle with misdiagnosis and alteration in monitoring the heart of the fetus. The Medical Devices sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Covidien PLC (Ireland), FUJIFILM SonoSite, Inc.(India), GE Healthcare (United States), Philips Healthcare (United States), Siemens Healthcare (Germany), Neoventa Medical (Sweden), Spacelabs Healthcare, Inc.(United States), Analogic Corp.(United States) and OBMedical (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The fetal heart monitoring market is steadily expanding due to the growing number of patients and the presence of several key players investing in this market. The market consists of several international and regional players who offer diversified goods in various markets and focus extensively on advanced technologies, high-quality products, and improving their brand image and core competencies.
Key Developments in the Market:
In October 2018, researchers at the University of Essex in the United Kingdom have developed a new sensor that can be by the pregnant mother at home while achieving an accuracy that rivals that of in-clinic equipment. Electric Potential Sensing (EPS) technology allows their prototype to be positioned directly on the pregnant woman’s abdomen to measure the Heart rate of the foetus without having to use a gel or having electronic leads snaking to another device.
In June 2020, Royal Philips a global leader in health technology, today announced an addition to its remote patient monitoring suite supporting at-risk populations during the 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 pandemic.
Influencing Trend:
Smart pulse fetal heart monitoring technology developed by Philips company is one such novel development perceived in the market to tackle with misdiagnosis and alteration in monitoring the heart of the fetus.
Market Growth Drivers:
The increasing number of birth rate and preterm birth resulting in medical complications, Technological advancement in medical devices, Rising manufacturer’s awareness and willingness in the development of fetal monitoring and Increase in the number of post-term pregnancy, multiple pregnancy, and premature delivery cases.
Challenges:
Lack of trained clinicians in monitoring and handling devices used for fetal heart and Complications that occurs due to foetal monitoring devices.
Restraints:
Stringent regulatory procedure by the Government and technological limitations and Alteration in reading heart rate of neonatal and heart monitor has created confusion in the past thereby posing the risk to the fetus, in turn, is hampering the market.
Opportunities:
The emergence of portable & wireless products and Untapped developing economies are expected to provide new growth opportunities to the global fetal heart monitoring devices manufacturers in the forecast period.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Fetal Heart Monitor Market
- Analysis about New Entrants in Fetal Heart Monitor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Fetal Heart Monitor Study Sheds Light on
The Fetal Heart Monitor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fetal Heart Monitor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fetal Heart Monitor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.