Global Fetal Monitoring Devices Market is set to grow at a CAGR of 5-7 % by 2027 : Key Growth Factors are Rising Cases of Pre-term Births & Congenital Birth Defects

Fetal monitoring devices are diagnostic tools often used to monitor the vital parameters of fetal throughout pregnancy, labor, and delivery. During the first trimester, it is mainly used for monitoring fetal heart rate and fetal movement. These systems help in identifying any disorders or birth defects, monitor fetal health, and track uterine contractions to ensure the safe birth of the baby.

Despite a Slowdown for Fetal Monitoring Devices Owing to Covid-19, the Fetal Monitoring Devices Market has Stayed Resilient

The Covid-19 pandemic has changed the entire socio-economic scenario in the healthcare segment. Due to various safety reasons, the hospitals had to limit the intake volume of patients, thus reducing the fetal monitoring procedures. During the Covid pandemic, healthcare providers delayed or rescheduled fetal monitoring procedures to minimize the risk of patients getting exposed to Covid-19 virus. Hence, during the pandemic, there was a decline in the number of fetal monitoring procedures. However, to overcome these challenges, companies had launched many innovative tools to help monitor pregnant women during COVID-19.

For instance, in June 2020, Philips launched an obstetrics monitoring solution to support clinicians and expectant mothers during the COVID-19 pandemic. The firm launched Avalon CL Fetal and Maternal Pod and Patch which reduces unnecessary physical interactions between clinicians and patients, which is of particular importance during the COVID-19 pandemic.

"Covid-19 pandemic has intensified the demand for mobile solutions during pregnancy. Remote monitoring especially during labor provides many benefits such as comfort, mobility and flexibility to expectant mothers." -General Manager, Monitoring & Analytics, Health Technology Company, United States

Technological Developments and Innovations Drives the Growth of the Fetal Monitoring Devices Market

An increasing demand for fetal monitoring devices/systems can be attributed to the growing cases of cardiopulmonary diseases, post-term pregnancies, many pregnancies, pre-term births, initiatives taken by the government for the welfare of maternal and fetal health, and latest advancements in fetal monitoring devices.

For instance,
 In November 2022, Philips announced the global launch of the Ultrasound Compact 5000 series. The system is portable, versatile and provides multiple care settings for various types of examinations with superb image quality.

Growing Cases of Preterm Births Triggers the Demand of Fetal Monitoring Devices Market

One of the primary factors which are responsible for driving the growth of the fetal monitoring devices market is the rise in the number of preterm births. Major research findings suggests that major reasons for preterm births are hypertension, hemorrhage, and many pregnancies. An increasing number of preterm births has also accelerated the adoption of advanced fetal monitoring technology in the fetal monitoring devices market. Technological innovations and growing awareness among the people is triggering the growth of fetal monitoring devices market.

For instance,
 In July 2022, Taiwanese tech startup Cubo Ai launched a new product to augment its award-winning Cubo Ai Plus Smart Baby Monitor - the AI Sleep Sensor Pad. The new addition is designed to detect the baby's breathing motion.

Key Market Hindrances: Fetal Monitoring Devices Market

The higher costs of fetal monitoring devices, along with-it the availability of refurbished monitors in the global market, stringent government policies, and the shortage of skilled healthcare professionals will be projected to severely impact the growth of the fetal monitoring devices market.

North America Accounts for the Highest Share in the Fetal Monitoring Devices Market

North America accounts for the highest market share in the fetal monitoring devices market. This can be mainly attributed due to growing number of preterm births, increasing maternal age, obesity & smoking, favourable government initiatives related to maternal and fetal health, availability of experts and neonatal intensive care units (NICUs), presence of top market players and the developed healthcare systems.

However, the Asia-Pacific region is set to grow with the highest CAGR in the forecast period. Major factors such as low-weight births, rapid developments in the healthcare segment, an increasing number of marital-age people, rise in the number of infertility treatments, growth in demand for advanced fetal monitoring devices are some of the prime factors driving the growth of Asia-Pacific market.

Competitive Landscape Analysis: Fetal Monitoring Devices Market

The well-established players operating in the global fetal monitoring devices market are Medtronic PLC, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers, etc.

The global fetal monitoring devices market is an emerging market and is projected to gain a consistent momentum in the upcoming years due to a strong focus on developing new wireless and non-invasive monitors, investments in R&D activities to introduce advanced monitoring products, and aggressive organic and inorganic growth strategies adopted by the key market players.

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Ruta Halde
Associate, Medi-Tech Insights
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.