Global $5+ Billion Fetal Monitoring Markets to 2026 with GE Healthcare, Siemens Healthineers, Koninklijke Philips, FUJIFILM SonoSite and Cardinal Health Dominating
DUBLIN, June 1, 2021 /PRNewswire/ -- The "Fetal Monitoring Market by Product (Ultrasound (3D & 4D), Fetal Electrodes, Telemetry Devices, Accessories and Consumables), Portability (Portable Systems), Method (Invasive), Application (Antepartum), End User (Hospitals) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global fetal monitoring market is projected to USD 5.2 billion by 2026 from USD 3.7 billion in 2021, at a CAGR of 7.2% from 2021 to 2026.
The growth of this market is driven owing to the escalating prevalence of preterm births, favorable government policies, advanced technologies of fetal monitoring systems, and active product launches. Also, the development of noninvasive, portable, and advanced fetal monitors and emerging markets and strengthening infrastructure are anticipated to offer an opportunity for the growth of the market during the forecast period.
Ultrasound Devices is expected to hold the largest share of the fetal monitoring market, by product in 2021.
Based on 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 devices are the largest segment in this market. This segment's growth can primarily be attributed to technological advancements, increasing congenital anomalies, maternal mortality, and rising regulatory approvals.
Non-portable systems are expected to hold the largest share of the fetal monitoring market, by portability in 2021
Based on portability, the market is segmented into non-portable systems and portable systems. In 2020, non-portable systems accounted for the largest share of this market, owing to wide applications in hospitals and diagnostic centers to assess fetal and maternal health.
Noninvasive is expected to hold the largest share of the fetal monitoring market, by method in 2021
Based on the method, the market is segmented into invasive and noninvasive. In 2020, the noninvasive accounted for the largest share of this market. Noninvasive methods are widely accepted for their safer method of diagnosing and monitoring the fetus, especially in high-risk pregnancies. The rising approvals of various noninvasive monitoring devices and the incoming advanced technologies drive the growth of this segment.
Antepartum is expected to hold the largest share of the fetal monitoring market, by application in 2021
Based on application, the market is segmented into antepartum and intrapartum. The antepartum segment accounts for the largest share of the fetal monitoring market. Antepartum fetal monitoring is carried out throughout the gestation period to diagnose any congenital fetal abnormalities. The extensive monitoring regimes, recent product launches, surging prevalence of fetal anomalies, and maternal mortalities drive the growth of the antepartum segment.
Hospitals are expected to hold the largest share of the fetal monitoring market, by end user in 2021
The market is segmented into hospitals, obstetrics & gynecology clinics, and home care settings based on end users. In 2020, hospitals accounted for the largest share of this market. This segment's growth can be attributed to several factors, such as highly advanced facilities in hospitals and the increasing number of pregnancy procedures. Technological advancements, coupled with government funding, are also encouraging the installation of new tools and devices in hospitals, thus supporting market growth.
North America commanded the largest share of the fetal monitoring market in 2021
On the basis of region, the fetal monitoring market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2019, North America commanded the largest share of the fetal monitoring market. The large share of this market segment can be attributed to the presence of an established reimbursement structure coupled with availability of experts in the North American countries.
The some of the major players operating in this market are GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), FUJIFILM SonoSite, Inc. (US) and Cardinal Health, Inc. (US)
For more information about this report visit https://www.researchandmarkets.com/r/nafzb
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