Fetal Monitoring Market: Business Expansion Strategies, Growth Dynamics, Opportunities and Challenges Forecast to 2027

The demand for Fetal Monitoring Market is increasing on account of Increasing prevalence of cardiopulmonary diseases, technological advancement such as noninvasive surgeries, increasing government and non-government initiatives for maternal & fetal health over the world. In addition to this, rising manufactures awareness & willingness to invest in the development of fetal monitoring, and increase in the number of post-term pregnancy, multiple pregnancy, and premature delivery cases, are few factors that are driving the global fetal monitoring market.

The rise in awareness among pregnant women is fueling the growth of Fetal Monitoring Systems. Manufacturers around the world are leveraging the use of technology to innovate new products that are low in cost, also they are promoting the awareness of these products among the high BMI pregnant women. The demand for real-time monitoring data for better birth controls and reduce risks is also contributing to the growth of the Fetal Monitoring Systems Market.

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The fertility rate is the average number of children born to one woman while being of child-bearing age. In 2019, the fertility rate worldwide amounted to 2.4 children per woman.

Birthrates are falling globally. The main factors have been credited for a decrease in the global fertility rate are fewer deaths in childhood and, greater access to contraception. In many countries, COVID-19 has suppressed population growth by causing a decline in births, migration and life expectancy. Even before the pandemic, urbanization was driving population decline. With a fertility rate of almost 7 children per woman, Niger is the country with the highest fertility rate in the world followed by Mali.

More than 60% of preterm births occur in Africa and South Asia, but preterm birth is truly a global problem. In the lower-income countries, on average, 12% of babies are born too early compared with 9% in higher-income countries. Within countries, poorer families are at higher risk. There is a dramatic difference in survival of premature babies depending on where they are born. For example, more than 90% of extremely preterm babies (less than 28 weeks) born in low-income countries die within the first few days of life; yet less than 10% of extremely preterm babies die in high-income settings.?

According to UnivDatos Market Insights (UMI)’ research report “Global Fetal Monitoring Market Analysis, 2020”, the Fetal Monitoring market is projected to grow at a CAGR of XX% during 2021-27F. The demand for Fetal Monitoring Market is increasing on account of the rising birth rates. Moreover, growth in premature delivery rate, hemorrhage rate, and surge in need for fetal monitoring supplements enhance the global market.

India is the top country by number of births in the world. As of 2020, number of births in India was 24,067.83 thousands that accounts for 17.21% of the world's number of births. The top 5 countries (others are China, Nigeria, Pakistan, and Indonesia) account for 42.01% of it. The world's total number of births was estimated at 139,877.4 thousands in 2020.

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Based on the Method, The noninvasive segment commanded the largest share in 2020 and is further predicted to maintain its leading position in the next 5 years as well. This dominance is attributable to growing acceptance of a variety of non-invasive monitoring devices along with rapid advancement of new technologies. Non-invasive procedures are more popular among obstetricians and gynecologists since they are safer for diagnosing and monitoring the fetus, especially in high-risk circumstances like ectopic pregnancies and has successfully pushed the growth of this segment.

Cardiotocography (CTG) is a non-invasive form of monitoring which has been utilized widely to measure the fetal heart rate (FHR) by means of Doppler ultrasound. Through this, an ultrasound wave of 1.5 MHz is utilized to resonate with the fetal cardiac structures.

In terms of Portability, the non-portable systems segment held the largest market share in 2020 on account of owing to wide applications in hospitals and diagnostic centers to assess fetal and maternal health. Moreover, these non-portable fetal monitoring systems provide accurate diagnostic and high-performance results. Surging technological advancements of non-portable systems is further augmenting the segmental growth.

The portable systems segment is expected to grow at the highest CAGR during the forecast period. This high growth can be ascribed to remote accuracy offered by portable systems. ?

North America to Grab Lion’s Share, Asia-Pacific to register the fastest growth

Based on the Region, North America is found dominating the market as the United States and Canada have well-structured and developed healthcare systems. These countries are found promoting research and development for fetal and neonatal medical devices and hence, have very high expenditures on healthcare. As a result of these policies, many companies globally are encouraged to operate in this region. Moreover, most of the population in developed countries like the United States are covered under medical and health insurance and can afford these care units. Hence, the North American region is expected to cover a large share of the neonatal intensive care market. As per the data published by the Centers for Medicare & Medicaid Services (CMS), in the United States, national healthcare spending is projected to grow at an average rate of 5.5% per year during 2018-2027, to reach nearly USD 6.0 trillion by 2027.

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The United States market had the highest revenue in the North American region for Fetal Monitoring Market owing to high percentage of preterm births. As per Verywell family statistics, about 450,000 babies in the United States alone are born too soon and 15 million babies are born preterm around the world - that's 1 in 10!

Additionally, according to the data from the National Center for Health Statistics, the percentage of preterm births in the United States increased from 9.57% in 2014 to 10.02% in 2019. The rise in preterm birth is expected to boost the demand for neonatal monitoring systems in the United States, as preterm babies are more susceptible to diseases like sepsis, pneumonia, etc. However, Asia-Pacific is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Fetal Monitoring Market Analysis, 2020”.??

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Fetal Monitoring market include Cardinal Health, Inc., Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, FUJIFILM SonoSite, Inc., Natus Medical Incorporated, Huntleigh Healthcare Limited, The Cooper Companies Inc., CONTEC Medical Systems Co., Ltd., EDAN Diagnostics, Inc. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry. Some of the instances are:

·???????In June 2021, Nuvo Group received the United States Food and Drug Administration approval for the expanded utility of its INVU, which is a prescription-initiated remote pregnancy monitoring platform for the addition of a new uterine activity module that enables remote monitoring of uterine activity.

·???????In June 2020, Philips launched the Avalon CL Fetal and Maternal Pod and Patch in the United States to support fetal and maternal monitoring. This device allows the continuous, non-invasive monitoring of maternal heart rate, fetal heart rate, and uterine activity by placing the single-use, 48-hour, disposable electrode patch on the mother’s abdomen.

·???????In 2020, UroLift FUJIFILM SonoSite launched the SonoSite PX Ultrasound System in the US

·???????In 2019, Siemens Healthineers partnered with Braunschweig Municipal Hospital to provide high-quality and cost-effective medical care for patients

·???????In 2019, EDAN Diagnostics, Inc. established an American subsidiary called EDAN Diagnostic, Inc. (ED).

·???????In 2018, Trivitrion Healthcare collaborated with Investment Funds for Health in Africa (IFHA) to launch Trivitron Healthcare Africa B.V. (“THA”), a new medical technology company focused on the African continent. THA will provide high-quality medical devices and instruments with reliable after-sales service support across the country

·???????In 2018, GE Healthcare partnered with SonoSim to provide enhanced education services to new and existing ultrasound users globally.

“Global Fetal Monitoring Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for manufacturers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.??????

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Market Segmentation:

1.?????By Product (Ultrasound Devices, Electronic Maternal/Fetal Monitors, Uterine Contraction Monitors, Fetal Electrodes, Fetal Doppler Devices, Accessories And Consumables And Others)

2.?????By portability (Non-Portable Systems And Portable Systems)

3.?????By method (Invasive And Noninvasive)

4.?????By Application (Antepartum And Intrapartum)

5.?????By End-Users (Hospitals, Obstetrics & Gynecology Clinics, And Home Care Settings)

6.?????By Region (North America, Europe, Asia-Pacific, Rest of the World)

7.?????By Company (Cardinal Health, Inc., Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, FUJIFILM SonoSite, Inc., Natus Medical Incorporated, Huntleigh Healthcare Limited, The Cooper Companies Inc., CONTEC Medical Systems Co., Ltd., EDAN Diagnostics, Inc.)

Key questions answered in the study:

1.?????What are the current and future trends of the Global Fetal Monitoring industry?

2.?????How the industry has been evolving in terms of end-user demand, application and product areas?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the Fetal Monitoring industry?

5.?????What are the customer orientation, purchase behavior, and expectations from the Fetal Monitoring firms across various regions??