Intrapartum Monitoring Devices Market Revenue Opportunies By Key Vendors Koninklijke Philips N.V., General Electric Company
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Intrapartum Monitoring Devices Market Drivers
New product launches by key market players is expected to aid in growth of the intrapartum monitoring device market. For instance, in 2017, MindChild Madical Inc. received clearance for pre-marketing notification from the US FDA for its MERIDIAN M110 fetal monitoring device. The system is a non-invasive intrapartum fetal monitor equipped with electrode that externally measures fetal heart rate (FHR), maternal heart rate (MHR), and uterine contractions (UA). Moreover, in 2015, Monica Healthcare Ltd. (now a part of GE Healthcare) launched novel product, Novii Wireless Patch System. The Novii Patch is a single-use, peel-and-stick disposable patch that is attached to the woman’s abdomen with a higher body mass index (BMI), with the help of adhesives.
Growth of the intrapartum monitoring device market is majorly driven by high incidence of intrapartum-related neonatal deaths. According to the Maternal and Child Epidemiology Estimation Group, in 2013, intrapartum-related neonatal deaths accounted for 24% of the deaths in neonates, globally. Therefore, in order to decrease neonatal stillbirths and intrapartum-related deaths, demand for intrapartum monitoring device is increasing, in turn leading to intrapartum monitoring devices market growth. Furthermore, a survey conducted in the U.K. suggests that in 2015, 225 babies died due to intrapartum stillbirth and intrapartum-related neonatal deaths. According to UNICEF, intrapartum-related events caused 11% whereas, preterm birth complications caused 16% of death among neonates in 2016. According to The American College of Obstetricians and Gynecologists, over 85% of the 4,000,000 live births occurring in the U.S. during 2011 required fetal monitoring during labor and delivery.
Increasing birth rate in emerging countries are factors fueling growth of the intrapartum monitoring market. According to Ministry of Health of New Zealand, in 2015, the birth rate for young women is decreasing over the last decade, whereas the birth rate for older women is increasing, owing to increasing family planning programs.
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Intrapartum Monitoring Devices Market – Competitive Landscape
Major market players operating in the intrapartum monitoring device market include Koninklijke Philips N.V., General Electric Company, and Arjohuntleigh (subsidiary of Getinge AB).
Market players are engaged in expanding their share through inorganic growth strategies such as mergers and acquisitions of small companies offering novel technologies. For instance, GE Healthcare acquired Monica Healthcare in 2017, to expand digital maternal-infant care offering. In 2015, GE Healthcare was Monica’s North American distribution partner for Novii Wireless Patch System.
Intrapartum Monitoring Devices Market Taxonomy
By Device Type
• Fetal Scalp Electrodes
• Intrauterine Pressure Catheters
• Transducers for Fetal Heart Rate
• Transducers for Uterine Contractions
By End Users
• Maternity Centers
• North America
• Latin America
• Middle East
• Asia Pacific
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