Global Fetal Monitoring Market size is predicted to reach $5.4 billion by 2030, growing at a CAGR of 5.8% during the forecast period 2022-2030 according to the latest market research report published by IndustryARC. Increasing awareness about the importance of parental care, the rising prevalence of complications such as gestational diabetes, preeclampsia and fetal distress are some of the key drivers of the market, finds IndustryArc in its recent report, titled “Fetal Monitoring Market Size, Share & Trends Analysis Report By Product Type (Ultrasound, Fetal Electrodes, Electronic Fetal Monitor, Fetal Doppler, Telemetry Devices, Accessories & Consumables, Others), By Portability (Portable, Non-Portable), By Methods (Non-Invasive, Invasive), By Applications (Intrapartum Fetal Monitoring, Antepartum Fetal Monitoring), By End-Use (Hospitals, Clinics, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”.
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Asia-Pacific to Register the Highest Growth:
The market size of Fetal Monitoring in Asia-Pacific is expected to grow at the highest CAGR of 6.5% during the forecast period 2022-2030. The birth rates in Asia-Pacific countries like Afghanistan, Pakistan and Timor-Leste are significantly high, which has increased the demand for fetal monitoring devices to make sure babies are healthy and have no complications at birth.
Fetal Monitoring Market 2023-2030: Scope of the Report
| Report Metric | Details |
| Base Year Considered | 2022 |
| Forecast Period | 2023–2030 |
| CAGR | 5.8% |
| Market Size in 2030 | $5.4 billion |
| Segments Covered | Product Type, Portability, Method, Application, End-Use Industry and Region |
| Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
| Key Market Players |
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Fetal Monitoring Market Report – Key Takeaways:
Non-invasive Segment Dominates the Market and Grows the Fastest
Non-invasive fetal monitoring method has dominated the market in 2022 with a market share of over 43% in terms of revenue. This method is forecast to grow at the fastest CAGR during the forecast period 2023-2030 mainly due to its wider preference over other methods because it does not require invasive procedures that can be uncomfortable for the mother and pose a risk to the baby. Non-invasive methods are widely used in a variety of healthcare settings, from hospitals to clinics and even home. The accuracy of the method is improving as advanced signal processing techniques improve our ability to identify patterns and anomalies that may indicate potential problems.
Growth in Premature Delivery Rate
As the rate of premature deliveries continues to increase, the demand for fetal monitoring devices is also on the rise. This has led to significant growth in the fetal monitoring market, as healthcare providers look for more advanced and sophisticated monitoring technologies to help them provide the best possible care for premature infants.
Some of the factors contributing to the increase in premature births include changes in maternal age, increases in multiple births, and medical conditions like hypertension and diabetes. As these trends continue, it is likely that the demand for fetal monitoring devices and technologies will continue to grow, as healthcare providers seek to ensure the best possible outcomes for premature babies.
Increasing Adoption of Wireless Fetal Monitoring Devices
The adoption of wireless fetal monitoring devices is increasing as they provide real-time monitoring of fetal health and allow healthcare professionals to remotely monitor fetal health without the need for cumbersome cords and wires. This means that healthcare providers can quickly detect any changes or abnormalities and take appropriate action if necessary.
With wireless fetal monitoring, the mother is not tethered to a stationary device, which allows her greater freedom of movement. This can be particularly beneficial during labor and delivery when the mother may need to change positions frequently to ease discomfort or facilitate the birthing process. The portable fetal monitoring devices are estimated to reach $1.9 billion by year-end, 2030.
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Key Opportunity Analysis:
Wireless Fetal Monitoring Devices to open Door for Wider Opportunities
Significant technological advancements such as the development of wireless fetal monitoring devices, provides continuous and real-time monitoring of the fetal heart rate, uterine contractions, and other vital signs. Such progress is expected to create wide opportunities for market players to come up with monitoring devices that improves the accuracy of fetal monitoring.
More Opportunities in Emerging Markets, especially, Smartphones based Fetal Monitoring
Significant growth opportunities for fetal monitoring devices are witnessed in emerging markets such as India, China, Brazil, and Mexico as these countries observe increasing disposable income, improving the healthcare system, and rising awareness about maternal and fetal health. Mothers are largely using smartphones for pregnancy tracking at home through apps. Janitri offers app-compatible monitoring device by the name of Keyar-mini, a pocket-sized fetal doppler that can be used by would-be mothers from the 20th week of their pregnancy.
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The Report also Covers the Following Areas:
Fetal Monitoring Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic has had several impacts on the Fetal Monitoring Market. An increase in high-risk pregnancies and preterm births due to COVID-19 infection has increased the demand for fetal monitoring devices. Also, the pandemic has disrupted the supply chain and manufacturing process of fetal monitoring devices, leading to supply chain challenges and delays.
The conflict between Russia and Ukraine has indirectly affected various sectors of the economy. Conflict-induced supply chain disruptions have led to the unavailability of fetal monitoring devices in the market, resulting in a shortage. Also, an increased number of conflict-related refugees may lead to increased demand for fetal monitoring devices in conflict-affected areas. In addition, the conflict could bring economic instability to the region and affect the purchasing power of consumers and healthcare providers.
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List of Key Market Players in Fetal Monitoring Market:
The Global Fetal Monitoring Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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