ALBANY, New York, March 3, 2020 /PRNewswire/ -- The global Fetal Monitoring Systems Market would grow at a CAGR (Compound Annual Growth Rate) of nearly 3% from 2019 to 2027, taking the market valuation up to about USD 3.8 bn. over the period. In 2018, the market was valued at ~USD 2.8 bn.
"Massive uptake of these systems would be noted in clinics and homes. Availability of non-invasive wearable devices would support growth in the market. Besides, players with systems that are yet not approved by FDA might be witnessed forging key alliances with other players in order to sell these off," opines Transparency Market Research.
Key Findings of the Fetal Monitoring Systems Market Study
- In terms of product, the systems segment would show considerable growth due to growing home use and increase in number of hospitals
- Key end-users in global fetal monitoring systems market would be Hospitals and Nursing Homes due to growing awareness regarding benefits of fetal monitoring here, and low costs
- North America to ride the wave of robust healthcare infrastructure, high awareness level, and a noteworthy reimbursement framework
Explore 189 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Global Fetal Monitoring Systems market by Product: Systems and Accessories; Mode: External and Internal; Use: Continuous and Intermittent; and End User: Hospitals & Nursing homes, Clinics, and Home Settings Read Details TOC of the Report - https://www.transparencymarketresearch.com/report-toc/75731
Fetal Monitoring Systems Market: Key Driving Factors
As per Transparency Market Research, multiple factors are helping the global fetal monitoring systems market over the forecast period. One of the major reasons is high body mass index in women. It leads to a growing need for ensuring that fetus health is maintained. In fact, it is worth noting here that percentage of pregnant women who are overweight is increasing. While just a 29.8% in the year of 1980, the percentage of overweight pregnant women grew to a 38% in the year of 2013. A higher weight in this gestation period can lead to deterioration of fetal health, leading doctors to advice monitoring of fetus health on a regular basis. Other factors that are helping the market grow include:
- Increase in number of neonatal deaths caused by intrapartum-related complications, preterm birth, birth defects, and certain infections
- Complications related to pregnancy such as fetal distress, cesarean section deliveries, and prolonged labor
- Significant opportunities arising due to notable technological advancement, particularly in wearable devices segment
Key Impediments for Fetal Monitoring Systems Market Players
Certain factors that are restraining the global fetal monitoring systems market are high cost of equipment and certain technology-based limitations. Besides, Transparency Market Research notes that subjective interpretation and a lack of proper guidelines, also hold the market back from further growth. However, it is important to note here that as women's spending capacity and awareness regarding these systems increase, market would continue charting a steady upward curve.
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Fetal Monitoring Systems Market: Region-wise Analysis
- In 2018, North America led the global fetal monitoring systems market; owing to rapid adoption of technology, presence of strong players who are continuously directing efforts towards product improvement and its promotion, high awareness regarding availability of these products, and a robust reimbursement framework, the trend is anticipated to continue into the forecast period
- A high number of pre-term births in the Asia Pacific (APAC) region will lead the global fetal monitoring systems market players towards new growth opportunities over the forecast period; increase in disposable income and awareness will also drive the regional market forward
Analyze Global Fetal Monitoring Systems market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
A large number of players in the global fetal monitoring systems market are making the vendor landscape quite fragmented. And, in order to stay ahead of the competition, they are resorting to strategies that primarily involve product development and improvement. Technology plays a pivotal role here and is thus a major determinant of the size of market share for each player. Another area of focus for players in order to gain a competitive advantage over others is having robust distribution channels.
Transparency Market Research has profiled key players in its report. Some of these include Koninklijke Philips N.V., GE Healthcare, Mindchild Medical, Inc., Nemo Healthcare, Huntleigh Healthcare Limited (Arjo), Edan Instrument Inc., Neoventa Medical AB, Clinical Innovations, LLC., and SUNRAY MEDICAL APPARATUS CO. LTD, among others.
Transparency Market Research has segmented the Global Fetal Monitoring Systems Market report based on product, mode, use, end-user, and region.
Fetal Monitoring Systems Market, by Product
Fetal Monitoring Systems Market, by Mode
Fetal Monitoring Systems Market, by Use
Fetal Monitoring Systems Market, by End User
- Hospitals & Nursing Homes
- Home Settings
Fetal Monitoring Systems Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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