Fetal Monitoring Market to Grow at 5.50% CAGR by 2030
Continuously rising demand for fetal monitoring during pregnancy, increasing birth rate, and increasing awareness among the people are the major factors which are expected to drive the growth of Fetal Monitoring industry during the forecast period of 2020-2030.
The Fetal Monitoring Market is expected to witness a CAGR of around 5.50% from 2020-2030, as per a new report published by Next Move Strategy Consulting.
According to the report, continuously emergence of portable & wireless products and untapped developing economies are expected to change the fetal monitoring market trends. Continuously rising demand for fetal monitoring during pregnancy, increasing birth rate, and increasing awareness among the people driven the growth of the fetal monitoring market. Rapid technological advancements and surge in preterm births and birth rates are expected to boost the growth of the global fetal monitoring market in future. Moreover, growth in the premature delivery rate, and surge in the need for fetal monitoring supplement may enhance the global fetal monitoring market positively. On the other hand, strict regulatory rules for the device and high cost of the devices may slow the growth of the fetal monitoring market.
On the basis of Product, the global market is segmented into ultrasound, telemetry solutions, Electronic Fetal Monitoring (EFM), fetal electrodes, fetal doppler, and accessories & consumables. The ultrasound segment dominate the global fetal monitoring market by product owing to the advancement in the technology, which has improved the efficiency of the devices. Various advantages over other available devices and accuracy of the products have boosted the growth of the segment.
Based on the method, the market is segmented into invasive, and non-invasive. Non invasive is among the potential market owing to increasing preferences for the non-invasive techniques for the surgery. Non invasive segment will possess a huge opportunity in near future.
Based on end user, the market is segmented into hospitals, clinics, and others. Hospital holds the major share in the market. Hospitals accounted for the largest fetal monitoring market share and it is expected to maintain its lead during the forecast period.
According to the report, some the key players in this market are Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, Toshiba Corporation, Siemens Healthcare, Neoventa Medical AB, Natus Medical Incorporated, Medtronic Plc, Arjohuntleigh, Dragerwerk AG, Invacare, Smiths Medical, American Home Patient, Inc., Johnson and Johnson, Analogic Corporation, Fujifilm Sonosite, Inc., Sunray Medical Apparatus Co., Ltd., Bionet, Wallach Surgical Devices, Inc., Trismed, and Edan Instruments, Inc.
Browse key industry insights from the report, “Fetal Monitoring Market Size, By Product (Ultrasound, Telemetry Solutions, Electronic Fetal Monitoring (EFM), Fetal Electrodes, Fetal Doppler, Accessories & Consumables), By Method (Invasive, Non-Invasive), By Portability (Portable, Non-Portable), By Application (Intrapartum Fetal Monitoring, Antepartum Fetal Monitoring), By End User (Hospitals, Clinics), Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:
Key Insights from the Fetal Monitoring Market Report:
- North America dominates the global market owing to the high awareness, increasing support and high healthcare spending
- Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, Toshiba Corporation, Siemens Healthcare, Neoventa Medical AB are among the major player in the global market
- The ultrasound segment dominate the global market by product
The report fetal monitoring market – segmented by products, method, portability, end users and geography
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