Fetal Monitoring Market 2022 Analysis, Leading Players Outlook till 2028

Fetal Monitoring Industry Report 2022 is a professional and in-depth survey on the current state of the Fetal Monitoring Market. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Fetal Monitoring Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.

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According to our latest market study on "Fetal Monitoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product, Method, Portability, Application, and Geography" the market was valued at US$ 3,870.9 million in 2021 and is likely to reach a value of US$ 6,438.2 million by 2028 with an estimated CAGR of 7.6% from 2022 to 2028.

The increase in preterm and low-weight births is one of the major factors driving the growth of the fetal monitoring market. With the increasing number of births, many complications are associated with prematurity, resulting in deaths. Prematurity is defined as a live birth before 37 weeks of gestation, with a birth weight of less than 2500 g being considered a low weight birth. According to a study published in the July 2020 International Journal of Gynecology & Obstetrics, titled "Global Burden of Preterm Birth," around fifteen million babies are born prematurely worldwide, resulting in a global preterm birth rate of approximately 11%. Additionally, in the US, according to the Centers for Disease Control and Prevention, a November 2021 updated article titled "Preterm Birth" reported that one in ten children born in 2020 were born prematurely. In addition, the incidence of diseases in newborns has also increased. These factors have increased the market demand for fetal monitoring devices.

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Technological advances and innovations in the 21st century aimed at developing highly efficient tools for effective fetal care have proven significant in managing preterm births. Several multi-chain hospitals have opened specialized pediatric clinics in different locations to increase access to fetal and neonatal clinics. For example, in 2015, Seattle Children's Hospital announced the opening of the Seattle Children's South Clinic regional clinic in Pierce and South King counties. It aimed to provide better access to specialist fetal and neonatal clinics and services.

Increasing pregnancy complications such as infections, pre-eclampsia, fetal growth restriction, associated efforts to increase fetal and maternal survival rates, and advances in fetal care are the major factors driving global sales of fetal monitoring devices. As companies worldwide increasingly focus on research initiatives, expansion is the order of the day. Monitoring the fetus is one of the complex tasks that can cause complications. Research efforts to develop advanced technological devices remain essential to manufacturers. Rapid technological advances favor companies that bring blue spectrum radiation sources and user-friendly control panel phototherapy devices to market.

Koninklijke Philips N.V.; FUJIFILM SonoSite, Inc.; Medtronic Plc; Siemens Healthineers; GE Healthcare; EDAN Diagnostics, Inc.; Natus Medical Incorporated; Neoventa Medical AB; CONTEC Medical Systems Co., Ltd.; and The Cooper Companies, Inc. are among the key market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the fetal monitoring market and its ecosystem.

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