Fetal Monitoring Market Analysis and Forecast to 2031: By Product (Ultrasound, Intrauterine Pressure Catheter, Telemetry Solutions, Electronic Fetal Monitoring, Fetal Electrodes, Accessories & Consumables, Others), Method (Invasive, Non-Invasive), Portabi

Fetal Monitoring Market Analysis and Forecast to 2031: By Product (Ultrasound, Intrauterine Pressure Catheter, Telemetry Solutions, Electronic Fetal Monitoring, Fetal Electrodes, Accessories & Consumables, Others), Method (Invasive, Non-Invasive), Portability (Portable, Non-Portability), Application (Intrapartum Fetal Monitoring, Antepartum Fetal Monitoring), End User (Hospitals, Clinics, Others), and Region

The fetal monitoring market was valued at USD 3.9 billion in 2021 and it is anticipated to grow further up to USD 7.8 billion by 2031, at a CAGR of 7.1% during the forecast period.

The fetal monitoring system is a diagnostic instrument used to track the fetus’s movement and heart rate as well as the mother's contractions. It's a basic tool for keeping track of uterine contractions during labor. It primarily monitors the fetus’s health and the progress of labor. It is referred to as a medical method to check the health of an unborn baby in order to ensure a safe birth in medical words. It's also used to keep track of mental retardation, chronic lung ailments, hypothermia, newborn disorders, vision and hearing issues, and jaundice.

Global Fetal Monitoring Market Scope and Report Structure

Market Trends and Drivers

The fetal monitoring market is growing thanks to the newest cutting-edge technologies, which are supported by increased research and product introductions. Modern fetal monitoring systems are being streamlined to help in utero fetal procedures, which sometimes include difficult physical fetal access and technical difficulties. The advancement of high-fidelity hemodynamic and continuous physiologic monitoring in fetal cardiac evaluations has also facilitated early diagnosis and treatment.

Continuous cardiotocography (CTG) and fetal heart rate (FHR) auscultation during labor both make use of computer-aided decision support systems and artificial intelligence (AI). Along with computational techniques, machine learning, and deep learning tools, the patient's electronic health records (EHRs) are used.

The importance of noninvasive monitoring techniques has grown as a result of research and technology developments in fetal monitoring systems. Technologies for noninvasive diagnostics have been introduced to obstetrics, including fetal acid-base status, cell-free fetal DNA analysis, Doppler investigations, and electronic fetal monitoring (EFM). Percutaneous umbilical cord blood sampling is used for prenatal fetal and neonatal examinations, and fetal scalp blood sampling is used for postpartum fetal and neonatal assessments. Fetal phonocardiography has been combined with cutting-edge databases and data collecting systems. To improve the efficiency of fetal motor data processing, advanced mathematical models, data analytics that are still in development, and classification and processing algorithms are all being actively researched and developed.

Market Restraints and Challenges

The cutting-edge technology built into fetal monitors has a high cost. Expensive monitoring methods like Doppler ultrasound devices are also required. The cost of the Doppler technology's probes can range from $4,500 to $17,000 (for instance, the Philips Doppler transducer). About USD 9,000 will buy you a GE Healthcare SonoScape system. Additionally, these devices require maintenance costs, which total 15% of the unit's purchase price. The high cost of fetal monitoring technology can be difficult for low-income countries and hospitals with limited resources, which hinders the growth of this industry.

Global Fetal Monitoring Market Segmental Overview

The report analyses the global fetal monitoring market based on product, method, portability, application, end user, and region.

Global Fetal Monitoring Market by Product

Based on product, it is segmented into ultrasound, intrauterine pressure catheter, telemetry solutions, electronic fetal monitoring, fetal electrodes, fetal doppler, accessories & consumables, and other products. The ultrasound segment is anticipated to dominate the market during the forecast period. The growth of the segment is primarily attributed to technological advancements coupled with increasing congenital abnormalities, maternal mortality, and growing regulatory approvals.

Global Fetal Monitoring Market by Method

Based on method, it is segmented into invasive and non-invasive. The non-invasive segment is likely to hold the majority of the market share during the forecast period. Particularly in high-risk pregnancies, noninvasive technologies are widely acknowledged for their safer way of identifying and monitoring the fetus. The expansion of this market is driven by the increasing approvals of various noninvasive monitoring devices and emerging advanced technologies.

Global Fetal Monitoring Market by Portability

Based on portability, it is segmented into portable and non-portable. The non-portable segment is expected to hold the majority of the market share during the forecast period. The wide applications in hospitals and diagnostic centers to assess fetal and maternal health are boosting the growth of the market.

Global Fetal Monitoring Market by Application

Based on application, it is segmented into intrapartum fetal monitoring, and antepartum fetal monitoring. The antepartum fetal monitoring segment is anticipated to hold the majority of the market share during the forecast period. Throughout the entire gestation, antepartum fetal monitoring is done to identify any congenital fetal anomalies. The antepartum category is expanding as a result of intensive monitoring protocols, recent product introductions, an increasing occurrence of fetal abnormalities, and mother fatalities.

Global Fetal Monitoring Market by End User

Based on the end user, it is segmented into hospitals, clinics, and others. The hospital segment is anticipated to dominate the market during the forecast period. The expansion of this market can be attributable to a variety of elements, including the expansion of hospital technology and the rise in the frequency of pregnancy operations. Government funding and technological improvements are stimulating the installation of new equipment in hospitals, which is fostering market expansion.

Geographical Analysis of Fetal Monitoring Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America holds the majority of the market share of the market. The large share of this market segment can be attributed to the presence of an established reimbursement structure combined with the availability of experts in North American countries.

Major Players in the Fetal Monitoring Market

• The key players in the global fetal monitoring market are Cardinal Health, Inc. (US), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), FUJIFILM SonoSite, Inc. (US), Natus Medical Incorporated (US), Huntleigh Healthcare Limited (UK), The Cooper Companies Inc. (US), CONTEC Medical Systems Co., Ltd. (China), EDAN Diagnostics, Inc. (China), and Neoventa Medical AB (Sweden) among others.

COVID-19 Impact

Because of the coronavirus epidemic, regulatory agencies, like the FDA, have been forced to relax their standards for fetal monitoring in order to ensure the uninterrupted care of pregnant moms. A number of important players have been able to successfully introduce fetal monitors with tele-ultrasound monitoring, noninvasive features, and portable technologies thanks to rule relaxations. For instance, in the midst of the pandemic, the FDA amended its FDA advice, which Philips successfully used to introduce its fetal monitor, Avalon CL, in the US on June 12, 2020. The goal of the FDA's enforcement strategy for noninvasive fetal and maternal monitoring devices is to improve access to equipment that would lessen the need for in-clinic visits and minimize the strain on hospitals and doctor's offices during the epidemic.

The spread of COVID-19 has sparked a number of beneficial business alliances that are expected to drive the market's expansion. For instance, in January 2021, Israel-based Nuvo Group, which provides a platform for remote pregnancy monitoring, signed a business deal with the cutting-edge women's health network Axia Women's Health. Pregnant women will be able to receive INVU prescriptions from Axia Women's Health thanks to the arrangement, which is anticipated to lower the risk of exposure during COVID-19.

Recent Developments

• May 2021, Scientist developed the first wireless sensors to monitor pregnant women and their babies.
• July 2020, Uro Lift FUJIFILM Sono Site launched the Sono Site PX Ultrasound System in the US.
• June 2020, Philips launched an obstetrics monitoring solution to support clinicians and expectant mothers during the COVID-19 pandemic. The Avalon CL Fetal and Maternal Pod and Patch aim to decrease needless physical encounters between clinicians and patients, which is especially important during the COVID-19 pandemic.
• July 2019, Siemens Healthineers partnered with Braunschweig Municipal Hospital to provide high-quality and cost-effective medical care for patients.

Frequently Asked QuestionsQ1. How big is the Fetal Monitoring market?Ans. The global Fetal Monitoring market size was USD 3.9 billion in 2021 and is anticipated to reach USD 7.8 billion in 2031, growing at a rate of 7.1% from 2022 to 2031.Q2. What is the Fetal Monitoring market growth rate?Ans. The growth rate of the Fetal Monitoring market is 7.1%.Q3. Which region holds a major market share for the Fetal Monitoring market?Ans. North America holds a major market share of the Fetal Monitoring market in 2021.Q4. Which segment accounted for the largest Fetal Monitoring market share?Ans. By end user, home care settings segment accounted for the largest Fetal Monitoring market share.Q5. Who are the key players in the Fetal Monitoring market?Ans. The global Fetal Monitoring market report includes players such as Cardinal Health, Inc. (US), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), FUJIFILM SonoSite, Inc. (US), Natus Medical Incorporated (US), Huntleigh Healthcare Limited (UK), The Cooper Companies Inc. (US), CONTEC Medical Systems Co., Ltd. (China), EDAN Diagnostics, Inc. (China), and Neoventa Medical AB (Sweden) among others.Q6. What are the factors driving the Fetal Monitoring market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Fetal Monitoring market players?Ans. The key growth strategies of Fetal Monitoring market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Fetal Monitoring market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Fetal Monitoring market during the forecast period.

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