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| Report Code: A01560 | Pages: 214 | Nov 2020 | 23794 Views | ||
| Author(s) : Sagar M, Apoorva S , Onkar S | Tables: 78 | Charts: 59 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Fetal Monitoring Market
Request Now !The global fetal monitoring market size accounted for $2,931.7 million in 2019 and is expected to reach $4,251.1 million by 2027, registering a CAGR of 5.3% from 2020 to 2027.
COVID-19 outbreak had varied impact on fetal monitoring market. For instance, ultrasound product segment has witnessed limited impact due to COVID-19 outbreak.
A diagnostic tool used to monitor movement and heart rate of the fetus and maternal contractions is known as fetal monitoring system. It is a fundamental device used for monitoring uterine contractions during labor. It mainly monitors well-being of fetus and progress of labor. In medical terms, it is referred as medical method to check health of an unborn baby to ensure a safe birth. In addition, it is also used to monitor chronic lung diseases, mental retardation, neonatal diseases, hypothermia, vision & hearing problems, and jaundice.
The major reason for decline in fetal monitoring procedures during the COVID-19 pandemic was the decrease in patient volume in hospitals, owing to rescheduling and delaying of procedures for safety reasons. Moreover, these delays happened after careful review of patient history and if feasible, healthcare providers rescheduled fetal monitoring to minimize the risk of getting exposed to COVID-19 during hospital visits. Furthermore, regions that are severely affected by COVID-19, have reduced fetal monitoring, owing to new government directives or hospital guidelines. Hence, the fetal monitoring market is negatively impacted by the COVID-19 pandemic.
Rise in prevalence of cardio pulmonary diseases, technological advancements such as non-invasive surgeries; increase in government and non-government initiatives for maternal and fetal health across the world; rise in awareness and willingness to invest in development of fetal monitoring; and increase in number of post term pregnancy, multiple pregnancy, and premature delivery cases are some factors that drive the global fetal monitoring market. This market includes fetal heart rate, fetal movement, and uterine contraction examining devices. However, high cost of equipment, lack of intervening guidelines, technological limitations, and subjective interpretations are some factors that hinder growth of the global market of fetal monitoring.
Increase in demand for fetal monitoring during pregnancy is anticipated to drive the market growth. Technological advancements and surge in preterm births and birth rates are expected to propel the global market growth in the future. In addition, growth in premature delivery rate, hemorrhage rate, and surge in need for fetal monitoring supplements enhance the global market. Furthermore, emergence of portable and wireless products and technologies and untapped emerging economies provide lucrative growth opportunities globally. Conversely, stringent regulatory procedures, low prevalence of birth rates, and high cost of equipment obstruct the global fetal monitoring market.
The fetal monitoring market is segmented on the basis of product, method, application, portability, end user, and region. By product, the market is divided into ultrasound, intrauterine pressure catheter (IUPC), telemetry solutions, electronic fetal monitoring (EFM), fetal electrodes, fetal doppler, accessories & consumables, and others. The ultrasound segment is further bifurcated into 2D ultrasound, 3D & 4D ultrasound, and doppler imaging). The EFM segment is further divided into external EFM and internal EFM. Depending on method, it is divided into invasive and non-invasive. By application, it divided into intrapartum fetal monitoring and antepartum fetal monitoring. By portability, it is divided into portable and non-portable. By end user, it is classified into hospitals, clinics, and others. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, turkey, and rest of LAMEA).
By product, the ultrasound segment dominates the global market in 2019 and is anticipated to continue this trend throughout the forecast period. The key factors that drive the fetal monitoring market growth include increase in number of post term pregnancy, multiple pregnancy and premature delivery cases surge in demand for fetal monitoring products. Based on method. Based on portability, non-portable segment dominates the global market in 2019 and is anticipated to continue this trend throughout the forecast period. These non-portable fetal monitoring systems provide accurate diagnostic and high-performance results. Based on method, non- invasive segment dominates the global market in 2019 and is anticipated to continue this trend throughout the forecast period. In addition, the development in wireless, portable, and compact non-invasive fetal monitoring systems fuel the market growth, as they are safe and easy to operate. Based on application, antepartum segment dominates the global market in 2019 and is anticipated to continue this trend throughout the forecast period. The key factors that drive the market growth include increase in number of chronic illness such as, autoimmune disorders, high blood pressure, and diabetes, in mother.
By end user, the hospital segment accounted for the majority of fetal monitoring market share 2019, owing to strong presence of hospitals across the globe, and is expected to continue this trend during the forecast period, owing to enhanced fetal monitoring devices provided by hospitals and availability of skilled physicians and infrastructure. The clinics segment is anticipated to grow at a significant rate in the future, owing to regular periodic checkups and regular fetal monitoring tests such as fetal heart rate, non-stress test (NST) and contraction stress test (CST). This ensures that fetus is healthy and pregnancy is not at risk. Moreover, rise in awareness of patients about fetal monitoring devices boost growth of the market.
Asia-Pacific presents lucrative opportunities for key players operating in the fetal monitoring market, owing to growth in awareness about fetal monitoring and increase in disposable incomes. Moreover, the market growth in this region is attributable to rise in demand for advanced fetal monitoring devices. In addition, growth in number of pregnancy cases and advancements in the field of healthcare further contribute to the market growth. Moreover, Asia-Pacific is densely populated, with India and China being the most populated countries. Thus, owing to presence of huge population, increase in pregnancy cases is expected to drive the growth of the fetal monitoring market in Asia-Pacific.
The key players profiled in this report include GE Healthcare, Analogic Corporation, Fujifilm Sonosite, Inc., Koninklijke Philips N.V., Siemens Healthcare, Medtronic Plc, Getinge Group, Neoventa Medical AB, Natus Medical Incorporated, and OSI Systems, Inc.
Key Benefits For Stakeholders
Key Market Segments
By Product
By Method
By Portability
By Application
By End User
By Region
Fetal Monitoring Market Report Highlights
| Aspects | Details |
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| By PRODUCT |
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| By PORTABILITY |
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| By METHOD |
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| By APPLICATION |
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| By END USER |
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| By Region |
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| Key Market Players | Analogic Corporation, FUJIFILM Holdings Corporation, OSI Systems, Inc., .GENERAL ELECTRIC, Natus Medical Incorporated, Neoventa Medical AB, SIEMENS AG (Siemens Healthineers), Koninklijke Philips N.V. (Philips Healthcare), Cardinal Health, Getinge AB |
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As per CXOs in the industry, the utilization of these devices is expected to witness significant growth, owing to increase in cases of still birth and birth defects globally. The global fetal monitoring market has provoked the interest of healthcare providers, owing to associated benefits offered by these devices for monitoring fetal health till the time of labor and delivery. There are remarkable technological advancements in ultrasound and electronic fetal monitoring to improve screening of both maternal and fetal health during pregnancy. Asia-Pacific and LAMEA are expected to offer lucrative growth opportunities to the key players in the industry.
Rise in incidences of stillbirths, multiple pregnancies, late maternal age, technological advancements, and increase in emphasis on continuous fetal monitoring are some factors that majorly drive the market growth. However, high cost of few fetal monitoring devices and stringent regulatory procedures affect the market growth. Presently, the ultrasound segment is the largest revenue contributor to the fetal monitoring market. According to CXOs, low prevalence of birth rates, especially in developed economies, has drastically increased the demand for fetal monitoring devices to ensure safe and active childbirth. These factors along with increase in government initiatives for maternal/fetal health augment the growth of the fetal monitoring market. In addition, fetal monitoring manufacturers and distributors focus to expand their presence in the emerging economies to increase their market outreach. A rapid growth was observed in shipments of these devices by key manufacturers to improve obstetrics healthcare services in emerging nations. This trend is expected to offset challenging conditions in mature markets such as North America and Europe.
A. fetal monitoring is a procedure in which instruments are used to continuously record the heartbeat of the fetus and the contractions of the woman's uterus during labor.
A. Fetal monitors are bedside units that consist of a monitoring unit, cables, and electrodes. They are designed to measure, record, and display FHR, uterine contractions, and/or maternal blood pressure and heart rate before and during childbirth
A. In product type segment ultrasound is the most influencing segment. Hence, recent developments in ultrasound technologies and increase in number of post term pregnancy, multiple pregnancy and premature delivery cases surge in demand for fetal monitoring products.
A. The major factor that fuels the growth of the global fetal monitoring market includes increase in preterm births, perpetual need for fetal monitoring, active government and non-government initiatives and others. furthermore, lucrative opportunities in developing countries and others, leads to surge in demand for fetal monitoring devices which contribute to the growth of the market.
A. The total market value of fetal monitoring market is $2,931.7 million in 2019.
A. The forcast period for fetal monitoring market is 2020 to 2027
A. The market value of fetal monitoring market in 2027 is $4,251.1 million.
A. The base year is 2019 in Fetal monitoring market
A. Top companies such as,GE Healthcare, Getinge Group, Fujifilm Sonosite, Inc., Koninklijke Philips N.V., Siemens Healthcare held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.
A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & ambulatory surgical centers equipped with advanced medical facilities.
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