Fetal Monitoring Market by Product (Ultrasound, Fetal Monitors, Telemetry Devices, Fetal Electrodes), Portability (Portable, Non-portable), Method (Invasive, Non-invasive), Application (Antepartum, Intrapartum), End User, Region - Global Forecast to 2027
[The global fetal monitoring market in terms of revenue was estimated to be worth $3.7 billion in 2022 and is poised to reach $5.2 billion by 2027, growing at a CAGR of 7.3% from 2022 to 2027. The advancements in technologies for fetal monitoring systems, and the growing number of obstetrics and gynecology centers are the major factors driving the fetal monitoring market’s growth.
Attractive Opportunities in the Fetal monitoring Market
e- estimated, p-projected
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Market Dynamics
Driver: Rising number of preterm births and increasing adoption of infertility treatment
Many research types have shown that the incidence of preterm births is growing due to hypertension, prolonged pre-labor rupture of membranes, antepartum hemorrhage, multiple gestations, assisted reproductive technology, short cervixes, Urinary Tract Infections (UTIs), and placenta previa, among others. There has been an adoption of advanced medical technologies in fetal monitoring systems due to The rising number of preterm births, according to the WHO, an estimated 15 million preterm births occur every year and approximately 1 million babies die each year right after birth, and the numerous neurological or physical disabilities that follow preterm births are a grave concern.
Opportunity: Development of non-invasive, portable, and advanced fetal monitors
The key manufacturers in the market are expanding their product lines to include portable and wireless monitoring systems that are accurate, safe, and affordable. For instance, in November 2021, the Shantou Institute of Ultrasonic Instruments Co., Ltd. (China) launched the Apogee 6 series of color Doppler ultrasound imaging solutions. This series included the Apogee 6200, Apogee 6300, and Apogee 6500 color Doppler ultrasound systems, that provides a solution for cardiac, abdominal, vascular, musculoskeletal, urology, and OB/GYN clinical applications.
Restraint: Availability of refurbished products
The major restraint for the growth of this market is the availability of refurbished fetal monitoring products. The companies that offer refurbished fetal monitoring products are CeviMed, SOMA TECH, Jaken Medical, and Absolute Medical Services. For cost-effectiveness various small and medium-sized hospitals opt for refurbished systems, particularly in developing countries which are price-sensitive markets. Due to these factors, there is surge in the demand for refurbished fetal monitoring and it is expected to rise in the coming years, as all these refurbished equipments offer the same functionalities as new equipment but at lower costs. This factor will hamper the revenue of companies that are offering branded fetal monitoring products in the market.
Challenge: Lack of skilled healthcare professionals
Recently, there is a shortage of professionals to deliver obstetrics, gynecology, and other preventive and reproductive healthcare services, predominantly specializing in women's health. According to The American College of Obstetricians and Gynecologists (ACOG), the demand for obstetrics and gynecology professionals is expected to increase from 50,850 to 52,660 (4%) by 2030. This means that obstetrics and gynecology efforts could increasingly focus on high-risk pregnancies, the management of complex gynecological conditions, and surgical procedures.
The fetal monitoring market is moderately consolidated. The top players— GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), FUJIFILM SonoSite, Inc. (US), and Cardinal Health, Inc. (US)-in the fetal monitoring market accounted for a combined majority market share in 2021. There is a high degree of competition among the market players. Only major companies can afford high-capital investments as well as the high cost of R&D and manufacturing. This will prevent new entrants from entering this market.
In 2021, ultrasound devices segment accounted for the largest share of the fetal monitoring market, by products”
The fetal monitoring market is segmented into ultrasound devices, electronic maternal/fetal monitors, fetal electrodes, fetal doppler devices, uterine contraction monitors, telemetry devices, accessories & consumables, and other products. Ultrasound accounts for the major share in this market due to the increasing demand for minimally invasive gynecological treatments, and large use of ultrasound in obstetrics.
“In 2021, non-portable systems segment accounted for the largest share in the market, by portability”
The fetal monitoring market has been segmented into non-portable systems and portable systems. In 2021, the non-portable systems segment accounted for the largest share of the fetal monitoring market. Factor such as the large use of non-portable systems in hospitals and clinics which are the major end users is driving the growth of the market.
“ In 2021, non-invasive segment accounted for the largest share in the market, by method”
The fetal monitoring market has been segmented into invasive and non-invasive. In 2021, the non-invasive segment accounted for the largest share of the fetal monitoring market. The increasing incidence of high-risk pregnancies, coupled with ongoing research activities and the launch of innovative products are the factors driving the market growth.
“In 2021, antepartum segment accounted for the largest share in the market, by application”
The fetal monitoring market has been segmented into antepartum and intrapartum. In 2021, the antepartum segment accounted for the largest share of the fetal monitoring market. Antepartum is the longest time period of gestation period for fetal monitoring to diagnose any fetal abnormalities, thus, driving the market growth.
“In 2021, hospitals segment accounted for the largest share in the market, by end user”
The fetal monitoring market has been segmented into hospitals, obstetrics & gynecology clinics, and home care settings. In 2021, the hospitals segment accounted for the largest share of the fetal monitoring market. The rising government healthcare expenditure, and availability of high end facilities are the factors driving the market growth.
“ North America is the largest regional market for fetal monitoring.”
The global fetal monitoring market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2021, North America was the largest regional market for fetal monitoring. The availability of experts and availability of Neonatal Intensive Care Units (NICUs) are the major factors that supports the growth of the fetal monitoring market in North America. However, the Asia Pacific region offers high-growth opportunities for players in the fetal monitoring market. This regional segment is projected to register the highest CAGR during the forecast period. Factors such as low-weight births, and rising number of marital age individuals due to which there will be more number of pregnancies are factors driving the market growth in the region.
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Some key players in the fetal monitoring market (2022- 2027)
- GE Healthcare (US)
- Siemens Healthineers (Germany)
- Koninklijke Philips N.V. (Netherlands)
- FUJIFILM SonoSite, Inc. (US)
- Cardinal Health, Inc. (US)
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Report Metric |
Details |
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Market size available for years |
2020–2027 |
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Base year considered |
2021 |
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Forecast period |
2022–2027 |
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Forecast units |
Value (USD Billion) |
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Segments covered |
Product, Portability, Method, Application, End User, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the World |
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Companies covered |
Cardinal Health, Inc. (US), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), FUJIFILM SonoSite, Inc. (US), Natus Medical Incorporated (US), Huntleigh Healthcare Limited (UK), The Cooper Companies Inc. (US), CONTEC Medical Systems Co., Ltd. (China), EDAN Instruments, Inc. (China), Neoventa Medical AB (Sweden), Bionet Co., Ltd. (South Korea), Progetti Srl (Italy), TRISMED Co., Ltd. (Republic of Korea), ShenZhen Luckcome Technology Inc. (China), MedGyn Products, Inc (US), Dixion (Germany), Promed Group Co., Ltd. (Hong Kong), Advanced Instrumentations (US), BRAEL-Medical Equipment (Poland), GPC Medical (India), BISTOS (Korea), Mediana Co. Ltd (Korea), Life Plus Medical (India), ChoiceMMed (China), Trivitron Healthcare (India), Dott Medical Co. Ltd. (China), Shenzhen Comen Medical Instruments Co., Ltd. (China), Shenzhen Vcomin Technology Limited (China), Nemo Healthcare (Netherlands), MindChild Medical, Inc. (US), Melody International Ltd. (Japan), Janitri Innovations Pvt. Ltd. (India), and Laerdal Global Health (Norway). |
This report categorizes the fetal monitoring market into the following segments and subsegments:
By Product
- Ultrasound Devices
- Electronic Maternal/Fetal Monitors
-
Uterine Contraction Monitor
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Imaging
- Fetal Electrodes
- Fetal Doppler Devices
- Telemetry Devices
- Accessories and Consumables
- Other Products
By Portability
- Portable systems
- Non-portable systems
By Method
- Invasive
- Non-Invasive
By Application
- Antepartum
- Intrapartum
By End User
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
-
Rest of the World
- Latin America
- Middle East & Afric
Recent Developments
- In May 2022, GE Healthcare (US) and Pulsenmore (Israel) signed an agreement to accelerate the adoption of Pulsenmore's home care ultrasound solutions and support their goal to pursue US FDA clearance and commercial expansion.
- In April 2022, ArchiMed Group (France) acquired Natus Medical Incorporated (US) to expand the reach and breadth of Natus' market-leading products, reinforcing the focus on research & development and pursuing acquisitions of complementary businesses.
- In March 2021, CONTEC Medical Systems Co., Ltd. (China) launched CMS1700B Color Doppler Ultrasonic Diagnostic System, which is mainly suitable for the diagnosis of problems in the abdomen, heart, peripheral vessels, breast, obstetrics and gynecology, small organs, urology, muscle, incretion, pediatrics, etc.
Frequently Asked Questions (FAQ):
What are the recent trends affecting the fetal monitoring market?
Recent trends affecting the fetal monitoring market are the advancements in technologies for fetal monitoring systems, and the growing number of obstetrics and gynecology centers
What are the major products of fetal monitoring used?
The fetal monitoring market is segmented into ultrasound devices, electronic maternal/fetal monitors, fetal electrodes, fetal doppler devices, uterine contraction monitors, telemetry devices, accessories & consumables, and other products. The ultrasound devices accounted for the largest share of the fetal monitoring market in 2021, mainly due to the increasing demand for minimally invasive gynecological treatments, and use of ultrasound in obstetrics.
Who are the key players in the fetal monitoring market?
The key players in this market are Cardinal Health, Inc. (US), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), FUJIFILM SonoSite, Inc. (US), Natus Medical Incorporated (US), Huntleigh Healthcare Limited (UK), The Cooper Companies Inc. (US), CONTEC Medical Systems Co., Ltd. (China), and EDAN Diagnostics, Inc. (China).
What are the major applications fetal monitoring is used for?
Based on applications, the fetal monitoring market has been segmented into antepartum and intrapartum. In 2021, antepartum segment accounted for the largest share of the fetal monitoring market. The rising incidences of fetal anomalies and maternal mortalities is driving the growth of this segment.
Which region is lucrative for the fetal monitoring market?
Like China, Japan, and India, the emerging economies in the Asia Pacific region will be lucrative markets for fetal monitoring. .
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This study involved four major activities in estimating the current size of the fetal monitoring market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments and subsegments' market size.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects.
The following is a breakdown of the primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the fetal monitoring market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research
- The revenues generated by leading players operating in the fetal monitoring market have been determined through primary and secondary research
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Global Fetal monitoring Market Size: Top-Down Approach
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Data Triangulation
After arriving at the overall market size applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, segment, and forecast the global fetal monitoring market by product, portability, method, application, end user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall fetal monitoring market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, and Rest of the World.
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze company developments such as product launches, agreements, partnerships, and acquisitions in the fetal monitoring market
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:
Country Information
- Fetal monitoring market size and growth rate estimates for countries in the Rest of Europe, the Rest of Asia Pacific, and Rest of the World.
Company profiles
- Additional five company profiles of players operating in the fetal monitoring market.
Growth opportunities and latent adjacency in Fetal Monitoring Market
What is the scope of the growth of the global Fetal Monitoring Market across different geographies?
I want more detailed market size costings for the global market as well as segmentation wise for the global Fetal Monitoring Market
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