Digital Maternal & Fetal Health Market is projected to reach the value of $4.2 billion by 2030

According to the report published by Virtue Market Research, the Global Digital Maternal & Fetal Health Market was valued at $2.8 billion in 2022 and is projected to reach a market revenue of $4.2 billion by 2030. Over the forecast period of 2023-2030, market is estimated to grow at a CAGR of 5%.

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The Digital Maternal and Fetal Health Market has seen tremendous growth in recent years due to increased awareness of the importance of maternal and fetal health. The market is expected to continue to grow in the long term, driven by factors such as an aging population, increasing birth rates, and a growing focus on preventative healthcare. In addition, the COVID-19 pandemic has had a significant impact on the market, accelerating the adoption of digital health solutions and telehealth services.

One of the long-term market drivers for the Digital Maternal and Fetal Health Market is the aging population. As the population ages, there is a growing demand for healthcare services, including maternal and fetal health services. The demand for digital health solutions that can improve the quality and efficiency of care is also expected to increase. Additionally, increasing birth rates in developing countries are expected to drive growth in the market, as more women seek access to prenatal and postnatal care.

The COVID-19 pandemic has had a significant impact on the Digital Maternal and Fetal Health Market, accelerating the adoption of digital health solutions and telehealth services. The pandemic has led to an increased need for remote healthcare services, as people are encouraged to avoid in-person visits to healthcare facilities. This has resulted in a growing demand for digital health solutions that can provide remote monitoring, telemedicine, and virtual consultations. Digital health solutions have played a crucial role in enabling healthcare providers to continue to provide maternal and fetal health services during the pandemic.

One of the short-term market drivers is the increasing demand for personalized and precision medicine. With advancements in digital health technologies, it is now possible to collect and analyze large amounts of data to develop personalized treatment plans. This has led to the development of digital health solutions that can provide personalized care for maternal and fetal health. For example, digital health solutions can be used to monitor the health of pregnant women and their fetuses in real-time, providing healthcare providers with valuable data to develop personalized treatment plans.

An opportunity in the Digital Maternal and Fetal Health Market is the increasing focus on preventive healthcare. Preventive healthcare involves identifying and addressing health problems before they become severe, reducing the need for more invasive and expensive treatments. Digital health solutions can play a crucial role in preventive healthcare, as they can be used to monitor maternal and fetal health in real-time, identifying potential health problems before they become severe. This can lead to better health outcomes for both the mother and the fetus, reducing the need for more invasive and expensive treatments.

A trend observed in the Digital Maternal and Fetal Health Market is the growing use of artificial intelligence (AI) and machine learning (ML) in digital health solutions. AI and ML can be used to analyze large amounts of data, identifying patterns and trends that can be used to develop personalized treatment plans. For example, AI and ML can be used to analyze data from wearable devices to monitor the health of pregnant women and their fetuses in real-time, providing healthcare providers with valuable insights into their health status.

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Segmentation Analysis:
The global Digital Maternal & Fetal Health Market segmentation includes:

By Product Type:
• Ultrasound Devices
• Electronic Maternal/Fetal Monitors
• Uterine Contraction Monitors
• Fetal Electrodes
• Fetal Doppler Devices
• Telemetry Devices

Ultrasound devices are the largest and fastest-growing segment in the Digital Maternal and Fetal Health Market by product type. Ultrasound devices are used to monitor the health of pregnant women and their fetuses through high-frequency sound waves that produce images of the fetus. These devices are non-invasive and provide real-time images of the fetus, allowing healthcare providers to monitor fetal development and detect potential health problems. During the forecast period, the demand for ultrasound devices is expected to increase, driven by the increasing demand for non-invasive prenatal testing and the growing focus on preventive healthcare.

Electronic maternal/fetal monitors are another product type in the Digital Maternal and Fetal Health Market that is used to monitor the health of pregnant women and their fetuses. These devices are non-invasive and provide real-time data on the maternal and fetal heart rates, allowing healthcare providers to detect potential health problems. Uterine contraction monitors are used to measure the strength and duration of uterine contractions during labor, providing valuable information to healthcare providers. Fetal electrodes and fetal doppler devices are also used to monitor the health of the fetus, providing valuable data to healthcare providers. Telemetry devices are used to transmit data from the maternal/fetal monitor to a remote location, allowing healthcare providers to monitor the health of the mother and fetus in real-time.

By Method:
• Invasive
• Non-invasive

In terms of the method of monitoring, non-invasive methods are the largest and fastest-growing segment in the Digital Maternal and Fetal Health Market. Non-invasive methods, such as ultrasound imaging and maternal blood testing, provide valuable data on the health of the mother and fetus without the need for invasive procedures. These methods are less risky and have fewer complications than invasive procedures, making them a popular choice among pregnant women and healthcare providers. During the forecast period, the demand for non-invasive methods is expected to increase, driven by the growing demand for personalized and precision medicine.

Invasive methods, such as amniocentesis and CVS, are also used to monitor the health of the fetus, providing valuable data to healthcare providers. However, these methods are invasive and carry a higher risk of complications than non-invasive methods. As a result, the demand for invasive methods is expected to remain relatively stable during the forecast period.

By Application:
• Antepartum
• Intrapartum

Antepartum applications in the Digital Maternal and Fetal Health Market include prenatal testing and monitoring, which are used to detect potential health problems in the mother and fetus before the onset of labor. Prenatal testing includes non-invasive procedures such as ultrasound imaging and maternal blood testing, as well as invasive procedures such as amniocentesis and chorionic villus sampling (CVS). Prenatal monitoring includes the use of electronic maternal/fetal monitors, uterine contraction monitors, fetal electrodes, and fetal doppler devices to monitor the health of the mother and fetus. During the forecast period, the demand for antepartum applications is expected to increase, driven by the growing focus on preventive healthcare and the increasing demand for personalized and precision medicine.

Intrapartum applications in the Digital Maternal and Fetal Health Market include labor and delivery monitoring, which are used to monitor the health of the mother and fetus during labor and delivery. Intrapartum monitoring includes the use of electronic maternal/fetal monitors, uterine contraction monitors, fetal electrodes, and fetal doppler devices to monitor the health of the mother and fetus. During the forecast period, the demand for intrapartum applications is expected to remain relatively stable, as the number of births is expected to remain relatively constant.

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Regional Analysis:
North America and Europe are mature markets, with a high penetration of digital health solutions and a high level of healthcare expenditure. The Asia-Pacific region, on the other hand, is an emerging market, with a large population and a growing demand for digital health solutions. During the forecast period, the Asia-Pacific region is expected to continue to be the fastest-growing segment, driven by the increasing demand for digital health solutions and the growing focus on preventive healthcare.

The Rest of the World segment includes Latin America, the Middle East, and Africa, which are also emerging markets with a growing demand for digital health solutions. However, the Rest of the World segment is expected to grow at a slower pace than the Asia-Pacific region, due to the lower healthcare expenditure and infrastructure in these regions.

Latest Industry Developments:
In March 2022, Butterfly Network, Inc., a digital health company transforming care with handheld, whole-body ultrasound, received a grant for USD 5 million from the Bill and Melinda Gates Foundation to improve maternal and fetal health. The grant will support Butterfly Network's efforts to scale up its ultrasound device and platform in low- and middle-income countries, where access to quality prenatal care is limited.

In February 2022, Nuvo Group announced that it has received FDA clearance for its INVU platform, a wearable device that monitors fetal heart rate and uterine activity during labor. The device uses wireless sensors that attach to the mother's abdomen and transmit data to a smartphone app. The device aims to provide continuous and accurate fetal monitoring without restricting the mother's mobility or comfort.

In January 2022, Babyscripts announced that it has raised USD 12 million in a Series B funding round led by MemorialCare Innovation Fund. Babyscripts is a digital therapeutics company that developed an app-based platform for remote pregnancy management. The platform provides pregnant women with personalized education, guidance, and alerts based on their risk profile. The platform also connects them with their care providers through telehealth visits and biometric monitoring devices. The funding will be used to expand Babyscripts' reach and product offerings.

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This release was published on openPR.