Global Fetal Monitoring Devices Market is estimated to grow at a CAGR of 5 to 7 % by 2027

Fetal monitoring devices are diagnostic tools or medical devices often used to examine the key factors of fetal throughout pregnancy, labor, and delivery. During the first trimester, it is used for examining the fetal heart rate and fetal movement. These systems helps in identifying any medical disorders or birth defects, examine fetal health, and track uterine contractions to assure the safe birth of the baby.

Despite a Slowdown in the Market Demand Owing to Covid-19 Pandemic, the Fetal Monitoring Devices Market Remains Resilient

Covid-19 had changed the entire socio-economic scenario in the healthcare segment. Due to various safety reasons, hospitals had to limit the volume of patients to intake, thus reducing the fetal monitoring procedures. During covid-19, healthcare service providers delayed or rescheduled the fetal monitoring procedures to reduce the risk of patients getting exposed to Covid-19. Hence, during Covid, there was a quick decrease in the number of fetal monitoring procedures. However, to counter these challenges, companies had launched many tools to help examine pregnant women or expectant mothers during COVID-19. 

For instance, 

  • In June 2020, Philips launched an obstetrics monitoring solution to support clinicians and expectant mothers during COVID-19 pandemic. The company launched Avalon CL Fetal and Maternal Pod and Patch which decreases the unessential interactions between clinicians and patients, which is of great importance during COVID-19 pandemic.   

“Covid-19 pandemic had intensified the demand for mobile solutions during pregnancy. Remote monitoring 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 in Fetal Monitoring Propels the Growth of the Fetal Monitoring Devices Market   

Rising demand for fetal monitoring devices or systems can be attributed to the growing number of cardiopulmonary diseases, post-term pregnancies, many pregnancies, preterm births, favourable initiatives undertaken by the government for the welfare of maternal and fetal health.

An Increasing Cases of Preterm Births Triggers the Growth of the Fetal Monitoring Devices Market

Some of the prime factors which are driving the growth of the fetal monitoring devices market is a rapid surge in the number of preterm births. Research findings suggests that primary reasons for preterm births are hypertension, hemorrhage, and many pregnancies. Growing number of preterm births has also triggered the adoption of advanced technologies in the fetal monitoring devices market. Technology developments and growing awareness among the people are further fueling the growth of the global fetal monitoring devices market.

Upcoming Market Challenges: Global Fetal Monitoring Devices Market

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 experienced professionals are poised to severely impact the growth of the fetal monitoring devices market in the coming years.

North America Holds the Largest Market Share in the Fetal Monitoring Devices Market 

North America accounts for the largest market share in the global fetal monitoring devices market. This can be mainly attributed due to the growing number of preterm births, rising maternal age, obesity and smoking, positive government initiatives for maternal and fetal health, increasing availability of experts and neonatal intensive care units (NICUs), presence of the leading marlet players and well-developed healthcare system in North America. 

However, the Asia-Pacific region is slated to grow at a highest CAGR in the coming years. Major factors such as low-weight births, rapid developments in the healthcare market, growing number of marital-age individuals, surge in the number of infertility treatments, growth in the demand for advanced fetal monitoring devices are some of the prime factors driving the growth of the Asia-Pacific market.

Competitive Landscape Analysis: Global Fetal Monitoring Devices Market

Some of the leading players operating in the global fetal monitoring devices market are Medtronic PLC, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers. 

The global fetal monitoring devices market is a rapidly growing market and is set to gain a consistent momentum in the coming years due to a primary focus on developing new wireless and non-invasive monitors, rising investments in R&D activities to introduce many advanced products, and organic and inorganic growth strategies adopted by the top market players.

Get Detailed Insights on Fetal Monitoring Devices Market with a Sample Report PDF @  https://meditechinsights.com/fetal-monitoring-devices-market/

Comments

Post a Comment

Popular posts from this blog

Global HPV Testing and PAP Test Market is slated to grow at a lucrative CAGR of 12 to 15 % by 2027 – Growing Revolution for the Prevention of Cervical Cancer

Cervical cancer is a malignant tumor which starts in the cells of the cervix, the lowermost part of the uterus. Cervical cancer begins when the cells on its surface transforms into precancerous cells. If not destroyed, these abnormal cells may turn into harmful cancer cells and spread in the cervix and surrounding areas. Cervical cancer screening involves HPV and PAP tests , which can identify HPV infection or pre-cancerous lesions at an early stage and if correct treatment is offered at the right time then the cancer can be prevented. Impact of  Covid-19 on  the Global HPV Testing and PAP Test Market Covid-19 pandemic had impacted the healthcare market in many ways. During Covid pandemic, due to strict social-distancing norms in hospitals, there was a delay in many diagnostic examinations and procedures. The delay in the cancer screening services due to the lack of skilled healthcare staff and disruption in the supply chain of testing kits across the world had led to a severe impact o
Read more

Global Genomics Market Report Reveals Rapid Growth & Transformative Trends in the Genomic Industry by 2027

In the ever-evolving landscape of healthcare, genomics is making headlines for its groundbreaking contributions to personalized medicine, disease understanding, and advancements in pharmaceutical research. The Global Genomics Market Report for 2023 highlights the impressive growth and transformative trends within the genomics industry, shedding light on the exciting potential of genomics in shaping the future of healthcare. I. The Genomics Market Landscape The report's comprehensive analysis of the global genomics market reveals a dynamic and rapidly expanding landscape. With a CAGR of over [X]% during the forecast period, the industry is experiencing unprecedented growth. Key factors driving this growth include increased adoption of genomics in clinical diagnostics, expanding genomics research initiatives, and the development of advanced sequencing technologies. II. Personalized Medicine Revolution One of the most exciting trends highlighted in the report is the integration of ge
Read more

Global Ambulatory Surgical Center (ASC) Software Market is Poised to Grow at a CAGR of 10% by 2027

Ambulatory Surgical Care is a medical care offered in the outpatient setting and does not need any hospital admission. Ambulatory Surgical Center or ASCs—are health care facilities focused on offering same-day surgical care, including diagnostic and preventive procedures. ASCs have transformed the outpatient experience by offering a convenient alternative to hospital-based outpatient procedures. Common procedures performed in ASCs are cataract surgery, gallbladder removal, tonsillectomy, endoscopy, colonoscopy, arthroscopic or orthopedic procedures, and cardiac procedures. Owing to their various cost benefits and convenience, the volume of procedures performed at ASCs is rising and ASC software is likely to play a major role in these settings by easing the day to day operations by preparing staff and patients for pre-op and post-op tasks. Rising Investments in Ambulatory Surgical Center  from Healthcare Companies Shows a Huge Growth Potential for Ambulatory Surgical Center Software Ma
Read more