Fetal Monitoring Market Is Anticipated To Grow Further Up To USD 7.8 Billion By 2031 | Cardinal Health , Koninklijke Philips N.V., GE Healthcare

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.

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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.

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.

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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.

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Major Players in the Fetal Monitoring Market

The key players in the global fetal monitoring market 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.

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Global Fetal Monitoring Market Segmentation

By Product

Ultrasound
Intrauterine Pressure Catheter
Telemetry Solutions
Electronic Fetal Monitoring
Fetal Electrodes
Fetal Doppler
Accessories & Consumables
Others

By Method

Invasive
Non-Invasive

By Portability

Portable
Non-Portable

By Application

Intrapartum Fetal Monitoring
Antepartum Fetal Monitoring

By End User

Hospitals
Clinics
Others

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This release was published on openPR.