Fetal Monitoring Global Market Top Companies, Trends and Future Prospects Details for Business Development 2033

"The Business Research Company recently released a comprehensive report on the Global Fetal Monitoring Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The fetal monitoring market size has grown strongly in recent years. It will grow from $3.63 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing maternal age, high prevalence of pregnancy complications, rising awareness and emphasis on prenatal care, government initiatives for maternal and child health, increasing cesarean section rates.

The fetal monitoring market size is expected to see strong growth in the next few years. It will grow to $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rise in high-risk pregnancies, telehealth and remote monitoring trends, focus on non-invasive monitoring solutions, collaborations for research and development, patient-centric approach in maternity care. Major trends in the forecast period include wireless and wearable fetal monitoring devices, integration of artificial intelligence (ai) in fetal monitoring, remote fetal monitoring services, focus on non-invasive monitoring technologies, portable and handheld fetal monitoring devices.

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Market Drivers and Trends:

The prevalence of preterm births will propel the growth of the fetal monitoring market going forward. Preterm birth is defined as a situation where a baby is born prematurely, before the 37th week of pregnancy. Preterm birth is the main cause of infant mortality and disability. In order to prevent them, healthcare providers continuously monitor the fetal heart rate, the mother's contractions, and other parameters using fetal monitoring devices, which further help them in making life-saving decisions during the delivery. With the rising occurrence of preterm deliveries, fetal monitoring devices in hospitals and clinics are in high demand. For instance, in November 2022, according to the fact sheet released by the World Health Organization, a Switzerland-based United Nations health agency, every year, 15 million premature births are predicted to occur. That equates to more than one in ten newborns. Therefore, the prevalence of preterm birth drives the growth of the fetal monitoring market.

Major companies operating in the fetal monitoring market are developing advanced technologies such as AI-based fetal assessment platforms to meet larger customer bases, more sales, and increase revenue. An AI-based fetal assessment platform is a technology solution that utilizes artificial intelligence (AI) algorithms and computational techniques to analyze and interpret data related to fetal well-being during pregnancy. For instance, in August 2023, PeriGen Inc., a US-based provider of perinatal software solutions, launched the LaborWatch platform. LaborWatch distinguishes itself as a revolutionary platform that elevates intrapartum patient safety by promptly and transparently alerting hospital leadership to persistent deteriorating trends in laboring patients throughout their hospital or health system. Fueled by PeriWatch Vigilance, the exclusive AI-based maternal-fetal early warning system in the United States, LaborWatch autonomously identifies abnormal patient conditions and communicates notifications to the chain of command within a predefined timeframe. Upon reaching the designated time threshold, selected hospital leaders receive real-time alerts, facilitating swift clinical interventions and ensuring proper escalation of the most critical cases up the chain of command. This streamlined process guarantees that hospital leaders are promptly informed about critical situations, setting LaborWatch apart with its unique and effective approach.

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Major Key Players of the Market:

Koninklijke Philips N.V.; Fujifilm Holdings Corporation; Medtronic plc; Siemens Healthineers AG; GE Healthcare Company; Neoventa Medical AB; The Cooper Companies Inc.; Spacelabs Healthcare Inc.; Natus Medical Incorporated; EDAN Instruments Inc.; Shenzhen Comen Medical Instruments Co. Ltd.; Contec Medical Systems Co. Ltd.; Bionet Co. Ltd.; ArjoHuntleigh Inc.; Analogic Corporation; Atom Medical Corporation; Bistos Inc.; CareFusion Corporation; Clinical Innovations LLC; Cooper Surgical Inc.; Covidien Ltd.; Dixion Vertrieb medizinischer Geräte GmbH; Drägerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Corporation Limited; Huntleigh Healthcare Limited; Masimo Corporation; Mediana Co. Ltd.; Mindray Medical International Limited; Nonin Medical Inc.; OBMedical Company; PeriGen Inc.; Sunray Medical Apparatus Co. Ltd.; Toshiba Medical Systems Corporation

Fetal Monitoring Market 2024 Key Insights:

• The fetal monitoring market will grow to $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Rising Prevalence Of Preterm Births Fueling Demand For Fetal Monitoring Market
• Technological Advancements In The Fetal Monitoring Market
• North America was the largest region in the fetal monitoring market in 2023

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