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Global Fetal Monitoring Market Research Report: Full In-depth Analysis by Latest Trend, Share, Size, Application, Growth and Forecast to 2024
Press release from: Data Bridge Market Research
Global Fetal Monitoring Market is expected to reach USD 3,245.49 million by 2024 from USD 1,954.00 million in 2016, at a CAGR of 6.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market are the increasing birth rates and preterm births, technological advancements and new product launch, government and non-government funds for the best facilities. These factors increase the demand for devices such as ultrasound, fetal Doppler, fetal electrodes. On the other hand, stringent regulatory procedures, high cost of equipment may hinder the growth of the market.
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Key Manufacturers Analyzed In This Report:
GE healthcare is going to dominate the global fetal monitoring market following with, Koninklijke Philips N.V., Fujifilm Holding Corporation and Siemens along with others such as Edan Instruments Inc., Neoventa Medical AB, Medtronic, Natus Medical incorporated, Cooper Companies, Inc., MedGyn Products Inc., Dixion, Lutech Industries Inc, Advanced Instruments, Inc, Shenzhen Bestman Instrument Co., Ltd., TRISMED Co., LTD, Progetti Srl, ArjoHuntleigh, Analogic Corporation, Wallach Surgical Devices, OSI System Inc.
• Instruments & consumables market segment is expected to account for the largest share of the global fetal monitoring market. This segment is expected to grow at the highest CAGR in the forecast period 2017 to 2024.
• The non-invasive method is one of the dominating sectors of global fetal monitoring market. This segment is expected to grow at the highest CAGR in the forecast period 2017 to 2024.
• Product Type
• End Users
• Distribution Channel
Based on Product Type, the global fetal monitoring market is segmented into instruments & consumables and software. In 2017, Instruments & Consumables market segment is expected to account for the largest share of 86.5% of the global fetal monitoring market. Instruments and consumables are further segmented into ultrasound, electronic maternal/fetal monitor, fetal electrodes, fetal doppler, telemetry solutions, accessories & consumables and other products. Ultrasound is further sub segmented into 2D ultrasound and 3D & 4D ultrasound. Electronic maternal/fetal monitor is again sub divided into external monitor and other monitors.
On The Basis Of Portability, the global fetal monitoring market is segmented into standalone systems and portable systems. Portable systems are further sub segmented into wearable systems and non-wearable systems. In 2017, the standalone segment is expected to dominate the market with 70.3% market share.
On The Basis Of Methods, the global fetal monitoring market is segmented into non-invasive method and invasive method.
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On The Basis Of Application, the global fetal monitoring market is segmented into antepartum fetal monitoring and intrapartum fetal monitoring. Antepartum is the most common and the highest growing segment with the highest CAGR of 7.6% in the forecast period 2017 to 2024.
On The Basis Of End Users, the global fetal monitoring market is classified into hospitals, gynecological/obstetrics clinics, homecare and others. Among these, in 2017 hospitals segment dominated the market and the trend is expected to remain the same till 2024.
On The Basis Of Distribution Channel, the global fetal monitoring market is classified into direct tender and retail. Among these, in 2017 direct tender segment dominated the market and the trend is expected to remain the same till 2024.
Some of the major factors driving the market for global fetal monitoring market are increasing birth rates and preterm births, government and non-government funds for the best facilities, technological advancements and new product launch. These factors increase the demand for devices such as electronic fetal monitors and Ultrasound.
• Fetal monitoring market is growing due to increasing birth rate and pre term births. In 2015, due to preterm birth complications, estimated 1 million deaths occurred among children under 5 years of age.
• Many companies are increasingly focusing on technological advancement of devices in order to strengthen their product portfolios in the fetal monitor market.
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