Fetal Monitoring Market worth $5.2 billion by 2027 - Exclusive Report by MarketsandMarkets™
Fetal Monitoring Market size is projected to reach USD 5.2 billion by 2027 from USD 3.7 billion in 2022, at a CAGR of 7.3% . The reimbursement for fetal monitoring, insurance policies for fetal monitoring services, and the more number of obstetrics and gynaecology centres are the major factors driving the growth of this market.
The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The advancements in technologies for fetal monitoring systems, and the growing number of obstetrics and gynecology centers are the major factors driving the market.
Many research types have shown that the incidence of preterm births is growing due to hypertension, prolonged pre-labor rupture of membranes, antepartum hemorrhage, multiple gestations, assisted reproductive technology, short cervixes, Urinary Tract Infections (UTIs), and placenta previa, among others.
There has been an adoption of advanced medical technologies in fetal monitoring systems due to The rising number of preterm births, according to the WHO, an estimated 15 million preterm births occur every year and approximately 1 million babies die each year right after birth, and the numerous neurological or physical disabilities that follow preterm births are a grave concern.
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Browse in-depth TOC on "Fetal Monitoring Market"
221 - Tables
45 - Figures
246 – Pages
Home care settings to register the highest growth rate during the forecast period
Based on end users the market is segmented into hospitals, obstetrics & gynecology clinics, and home care settings. In 2021, hospitals accounted for the largest share of this market. This growth of this segment can be attributed to the growing number of pregnancy procedures, and availability of highly advanced facilities in hospitals.
North America is the largest regional market for fetal monitoring market
The global fetal monitoring market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2021, North America was the largest regional market for fetal monitoring. The rising number of premature births in the region are the major factors supporting the growth of the fetal monitoring market in North America. However, the Asia Pacific region offers high-growth opportunities for players in the fetal monitoring market. This regional segment is projected to register the highest CAGR during the forecast period. Factors such as rising birth rates, and healthcare infrastructure improvements in several Asia Pacific countries are factors driving the market growth in the region.
Key Market Players:
The major players operating in this 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 Instruments, Inc. (China), Neoventa Medical AB (Sweden), Bionet Co., Ltd. (South Korea), Progetti Srl (Italy), TRISMED Co., Ltd. (Republic of Korea), ShenZhen Luckcome Technology Inc. (China), MedGyn Products, Inc (US), Dixion (Germany), Promed Group Co., Ltd. (Hong Kong), Advanced Instrumentations (US), BRAEL-Medical Equipment (Poland), GPC Medical (India), BISTOS (Korea), Mediana Co. Ltd (Korea), Life Plus Medical (India), ChoiceMMed (China), Trivitron Healthcare (India), Dott Medical Co. Ltd. (China), Shenzhen Comen Medical Instruments Co., Ltd. (China), Shenzhen Vcomin Technology Limited (China), Nemo Healthcare (Netherlands), MindChild Medical, Inc. (US), Melody International Ltd. (Japan), Janitri Innovations Pvt. Ltd. (India), and Laerdal Global Health (Norway).
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