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Fetal Monitoring Market Expected to Reach USD 7.16 Billion by 2032, Growing at a CAGR of 7.1%

07-22-2024 08:35 AM CET | Health & Medicine

Press release from: Acumen Research and Consulting

Fetal Monitoring Market Expected to Reach USD 7.16 Billion

Acumen Research and Consulting, a leading market research and business consulting firm, has published a new report on the global Fetal Monitoring Market. The report provides an in-depth analysis of the market size, share, trends, and growth opportunities. According to the report, the fetal monitoring market size accounted for USD 3.87 billion in 2023 and is projected to reach USD 7.16 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2032.

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Market Overview
The fetal monitoring market is experiencing significant growth due to the rising prevalence of preterm births, increasing birth rates, and advancements in fetal monitoring technology. Fetal monitoring is a crucial component of prenatal care, enabling healthcare providers to monitor the health and development of the fetus throughout pregnancy.

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Key Market Drivers

1. Increasing Prevalence of Preterm Births: Preterm births have become a major concern globally, necessitating the need for effective fetal monitoring systems to ensure the health and safety of both the mother and the fetus.

2. Technological Advancements: The continuous advancements in fetal monitoring technologies, such as the development of non-invasive monitoring systems and portable devices, are driving the market growth.

3. Rising Birth Rates: An increase in birth rates, particularly in developing regions, is contributing to the demand for fetal monitoring devices and systems.

4. Government Initiatives and Healthcare Programs: Government initiatives aimed at improving maternal and fetal health, along with various healthcare programs, are boosting the adoption of fetal monitoring systems.

Fetal Monitoring Market Segmentation

The worldwide market for fetal monitoring is split based on product, method, portability, application, end-user, and geography.

Fetal Monitoring Market By Product
• Ultrasound
• Electronic Fetal Monitoring (EFM)
• Accessories and Consumables

Fetal Monitoring Market By Method
• Invasive
• Non-Invasive

Fetal Monitoring Market By Portability
• Portable
• Non-Portable

Fetal Monitoring Market By Application
• Intrapartum Fetal Monitoring
• Antepartum Fetal Monitoring

Fetal Monitoring Market By End User
• Hospitals and Maternity Hospitals
• Clinics
• Others

Regional Insights
The report highlights that North America dominated the fetal monitoring market in 2023, owing to the high adoption rate of advanced fetal monitoring technologies and well-established healthcare infrastructure. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period. The growing awareness about fetal health, increasing healthcare expenditure, and rising birth rates are some of the factors contributing to the market growth in this region.

Fetal Monitoring Market Players
Some of the top fetal monitoring companies offered in our report includes Arjo, Cardinal Health Inc., EDAN Instrument, Inc., FUJIFILM Holdings Corporation, General Electric Company, Koninklijke Philips N.V., MedGyn products, inc., Neoventa Medical AB, Natus Medical Incorporated., and Siemens AG.

Market Trends

1. Non-Invasive Monitoring: The shift towards non-invasive fetal monitoring techniques is gaining traction, providing accurate and reliable data without posing any risk to the fetus.

2. Portable Devices: The demand for portable fetal monitoring devices is on the rise, allowing for continuous monitoring even outside the hospital setting, enhancing convenience for expecting mothers.

3. Integration with Advanced Technologies: The integration of fetal monitoring systems with advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT) is revolutionizing prenatal care, enabling real-time data analysis and remote monitoring.

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Future Outlook
The fetal monitoring market is poised for robust growth over the next decade, driven by the increasing awareness about maternal and fetal health, technological advancements, and supportive government initiatives. The adoption of innovative and efficient fetal monitoring systems is expected to rise, ensuring better health outcomes for mothers and their babies.

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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