Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3985.38 Million | USD 7,507.64 Million | CAGR at 7.29% | 2023 |
According to the report published by Zion Market Research, the global Fetal Monitoring Market size was valued at USD 3985.38 Million in 2023 and is predicted to reach USD 7,507.64 Million by the end of 2032. The market is expected to grow with a CAGR of 7.29% during the forecast period.
A diagnostic tool used to monitor movement and the heart rate of the fetus and maternal contractions is known as the fetal monitoring system. It is a fundamental device used for monitoring uterine contractions during labor. It mainly monitors the well-being of the fetus and progress of labor. In medical terms, it is referred as the medical method to check the health of an unborn baby to ensure a safe birth. In addition, it also used to monitor chronic lung diseases, mental retardation, neonatal diseases, hypothermia, vision & hearing problems, and jaundice.
The increase in demand for fetal monitoring during pregnancy is anticipated to drive the global fetal monitoring market growth. Technological advancements and surge in preterm births and birth rates are expected to propel the global market growth in future. In addition, growth in the premature delivery rate, hemorrhage rate, and surge in the need for fetal monitoring supplement may enhance the global market in a positive way. Furthermore, the emergence of the portable and wireless products, and technologies, and untapped emerging economies have opened up gateways for the lucrative growth opportunities globally. Conversely, stringent regulatory procedures, low prevalence of birth rates, the high cost of equipment may obstruct the global fetal monitoring market.
The global fetal monitoring market is segmented based on End user, Portability, Application and Regions. All the segments of fetal monitoring market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Based on End User,The global fetal monitoring market is divided based on the end user as clinics, hospitals, and others.
Based on Portability, the global market is categorized as non-portable and portable.
Based on application, the global fetal monitoring market is further fragmented as antepartum fetal monitoring and intrapartum fetal monitoring. Moreover, the global market is classified on the basis of technique as non-invasive and invasive. Furthermore, the global fetal monitoring market is segmented on the basis of the product as instruments & consumables software.
Report Attributes | Report Details |
---|---|
Report Name | Fetal Monitoring Market |
Market Size in 2023 | USD 3985.38 Million |
Market Forecast in 2032 | USD 7,507.64 Million |
Growth Rate | CAGR of 7.29% |
Number of Pages | 199 |
Key Companies Covered | Siemens Healthcare, GE Healthcare, Neoventa Medical AB, and Fujifilm Sonosite, Inc. Other players influencing the global market include Philips Healthcare, Spacelabs Healthcare, Analogic Corporation, Natus Medical Incorporated, Arjohuntleigh, and Medtronic Plc. |
Segments Covered | By End user, By portability, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is the leading region in the global fetal monitoring market due to increasing healthcare awareness and augmented disposable income; this is anticipated to drive the global market growth. Additionally, India and China are more promising markets owing to increased number of hospitals and large population pool. North America is another region growing at a significant rate. It is considered as one of the largest revenue generating regions for the global fetal monitoring market.
Rising patient awareness levels, better reimbursement policies, and technological advancements in this region are projected to propel the global market growth in the near future. Furthermore, constant development in healthcare infrastructure, favorable government initiative towards the development of healthcare infrastructure, and increasing per capita income are the key factors responsible for the growth of the global fetal monitoring market.
Major players dominating the global fetal monitoring market are:
Other players influencing the global market include
By End user
By portability
By Application
By Region
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