Fetal Monitoring Market Size is expected to reach $4.25 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027

According to a new report published by Report Ocean, titled, “Fetal Monitoring Market by Product, Method, Portability, Application, and Region: Opportunity Analysis and Industry Forecast, 2020–2027, "The global fetal monitoring market size accounted for $2.93 billion in 2019 and is expected to reach $4.25 billion by 2027, registering a CAGR of 5.3% from 2020 to 2027.

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Fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions to examine fetal health during labor & delivery. These devices are also used to monitor three key fetal/maternal parameters such as fetal heart rate, fetal movements, and uterine contractions.

Fetal monitoring consists of diagnostic devices utilized to monitor heart rate, movement pattern, and overall fetal growth during pregnancy. These devices are also used to monitor uterine contractions during pregnancy, labor, and delivery. Fetal monitoring is used to observe baby’s heart rate to intervene and prevent complications during child birth such as brain damage, cerebral palsy, newborn seizures, or fetal death. The demand for fetal monitoring has increased significantly in past few years, owing to perpetual need to reduce intrapartum stillbirths. In addition, active government and non-government participations for improvement of maternal and fetal health worldwide has raised demand for fetal monitoring devices. Moreover, increase in number of preterm births, post-term pregnancy, multiple pregnancy, and premature delivery cases supplements the fetal monitoring market growth.

The COVID-19 pandemic has had a negative impact on fetal monitoring services. Furthermore, the infection is transmitted through contact and droplets. Therefore, healthcare providers are facing tremendous risk during the pandemic as the spread is mainly through direct contact or aerosol droplets, and fetal monitoring procedures require a short physical distance between patients and personnel. A report from Hong Kong, based on experience with SARS, showed that the risk of infection is 5% for physicians, 4% for nurses, and 8% for healthcare assistants. All these factors are anticipated to impact the fetal monitoring market as well in the future.

The major factors that drive the global fetal monitoring market include increase in birth rates & preterm births, active government and non-government initiatives to provide better maternal & fetal care, and rise in technological advancements pertaining to these devices. For instance, STAN monitor from Neoventa Medical and Monica AN24 monitor are few novel technologies for fetal heart monitoring. However, stringent regulatory procedures and high costs associated with these devices are anticipated to restrain the market growth.

The ultrasound segment is anticipated to maintain its dominance during the forecast period, accounting for highest share of the global fetal monitoring market revenue by 2027. This is attributed to 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. The ultrasound segment occupied a dominant share in 2019 and is expected to maintain its lead during the forecast period, owing to technological advancements in ultrasound technologies, which have improved diagnosis and evaluation of fetal abnormality. Numerous advancements have been witnessed in the ultrasound technology such as improved doppler ultrasonography, leading to improved outcomes for pregnancies at high risk.

Key Findings Of The Study

The study provides an in-depth analysis, current trends, and future estimations of the global fetal monitoring market to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the fetal monitoring market growth is provided.
The electronic fetal monitoring (EFM) segment in product type is anticipated to grow at a CAGR of 6.2% from 2020 to 2027.
Extensive analyses of key segments of the fetal monitoring industry help to understand the types of products and technologies used across various geographies.

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This release was published on openPR.