GE Healthcare (US), Siemens Healthineers (Germany) are Leading Players in the Fetal Monitoring Market
The global fetal monitoring market is projected to reach USD 5.2 billion by 2027 from USD 3.7 billion in 2022, at a CAGR of 7.3% during the forecast period. Growth in this market is mainly driven by the rising prevalence of preterm births, favorable government policies, and active product launches by key players in the 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), 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).
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In 2021, GE Healthcare (US) dominated the fetal monitoring market. Its investments in R&D to optimize its portfolio and capital allocation strategies help fuel its future growth and ability to remain competitive. GE Healthcare has focused on agreements and collaborations for growth. For example, it signed an agreement with Pulsenmore (Israel) in May 2022 to accelerate the adoption of Pulsenmore's home care ultrasound solutions.
In the fetal monitoring market, Siemens held the second position in 2021. The company specializes in the manufacturing of advanced ultrasound systems. The company has also entered into strategic partnerships with hospitals to provide services in the field of imaging, specifically in ultrasound. In July 2019, Siemens Healthineers and Braunschweig Municipal Hospital entered into a partnership for ultrasound technology. The new partnership in the field of ultrasound has helped to improve the availability of Siemens's devices, which will enable the company to increase its patient throughput, in addition to improving patient satisfaction.
In 2021, Koninklijke Philips N.V. was the third-largest player. The company's wide geographical presence and strong distribution network have also helped it gain a significant market share. In the past three years, innovation has been its core business strategy to increase its fetal monitoring market share. In the past few years, Philips launched advanced products, expanded its reach into other geographies, and strengthened its product portfolio through organic and inorganic strategies. In June 2020, Philips launched Wireless Avalon CL Fetal and Maternal Pod and Patch, which is a single-use, disposable patch placed on the mother's abdomen to capture fetal and maternal vitals without the need for constant repositioning.
Related Reports:
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
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