Global Fetal Monitoring Devices Market is Poised to grow at a decent CAGR of 5-7 % by 2027

BRUSSELS - Aug. 25, 2023 - PRLog -- Fetal monitoring devices are diagnostic equipment that are used to monitor fetal vital parameters during pregnancy, labor, and delivery. It is primarily used during the first trimester to monitor fetal heart rate and activity.

Despite a Slowdown in the Demand Owing to Covid-19, the Fetal Monitoring Devices Market Stays Resilient

The Covid-19 Pandemic changed the complete socio-economic landscape in the healthcare Industry. Due to safety reasons, the hospitals had to limit the volume of patients, reducing the fetal monitoring procedures.

For instance,

In June 2020, Philips launched an obstetrics monitoring solution to support clinicians and expecting mothers during the COVID-19 pandemic.

"Covid-19 has intensified the need for mobile solutions during pregnancy. Remote monitoring especially during labor offers several benefits such as comfort, mobility, and flexibility to expectant mothers." - General Manager, Monitoring & Analytics, Health Technology Company, U.S.

Technological Enhancements Fueling the Fetal Monitoring Devices Drives the Market

The Rising demand for fetal monitoring devices/systems can be attributed to the growing occurrence of cardiopulmonary diseases, post-term pregnancy, multiple pregnancies, preterm births, initiatives taken by the government for the welfare of maternal and fetal health, and new innovations in fetal monitoring devices. For instance,

§  In November 2022, Philips announced the global launch of the Ultrasound Compact 5000 series.

North America Accounts for the Largest Share of the Global Fetal Monitoring Devices Market

North America holds the largest market share of the fetal monitoring devices market. This can be mainly attributed due to rising number of preterm births, increasing maternal age, obesity & smoking, favourable government initiatives related to maternal and fetal health, growing availability of experts and neonatal intensive care units (NICUs), presence of key players and the developed healthcare system in the region. However, it is projected that the Asia-Pacific region will experience the highest Compound Annual Growth Rate (CAGR) during the specified forecast period.

Competitive Landscape Analysis of the Fetal Monitoring Devices

The key players operating in fetal monitoring devices include Medtronic PLC, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers, among others.

The fetal monitoring devices market is a growing market that is projected to gain further momentum in the coming years due to a strong emphasis on developing new wireless and non-invasive monitors, investment in R&D to introduce several advanced products, and aggressive organic and inorganic growth strategies adopted by the players.

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