The fetal monitoring market was valued at $3.4 billion in 2022 and is estimated to reach $6.2 billion by 2032, exhibiting a CAGR of 6.2% from 2023 to 2032. Fetal monitoring is a process that uses devices in prenatal care and childbirth. It involves the continuous or periodic monitoring of the fetus' heart rate and other relevant parameters to assess its well-being during pregnancy and labor. There are two main methods of fetal monitoring: electronic fetal monitoring (EFM) and ultrasound. During pregnancy and labor, healthcare providers routinely perform fetal monitoring to assess the well-being of the unborn baby (fetus). This procedure involves monitoring the baby's heart rate and other vital functions. Fetal monitoring is a widely practiced and essential procedure in prenatal care and childbirth.
The fetal monitoring market is driven by a rise in the number of preterm births, post-term pregnancy, and multiple pregnancy. For instance, the World Health Organization estimated that 13.4 million babies were born preterm in 2020 (before 37 completed weeks of gestation). In addition, non-invasive fetal monitoring techniques, such as doppler ultrasound and cardiotocography (CTG), are gaining popularity due to their safety and ease of use. These techniques eliminate the need for invasive procedures, thereby improving patient comfort and satisfaction. The increase in demand for non-invasive monitoring methods contributes to the growth of the fetal monitoring market. Furthermore, advancements in fetal monitoring devices propel the market growth. For instance, STAN monitor from Neoventa Medical and ACUSON S3000 ultrasound system from Siemens AG are few novel technologies for fetal heart monitoring. However, stringent regulatory procedures and high costs associated with these devices are anticipated to restrain market growth. Further, emerging technologies, such as portable and wireless products and untapped emerging economies offer lucrative opportunities for the market players.
The fetal monitoring market is segmented into product, method, portability, application, end user, and region. By product, the market is segregated into ultrasound, electronic fetal monitoring (EFM), and accessories and consumables. The ultrasound segment is further categorized into 2D ultrasound, 3D and 4D ultrasound, and doppler imaging. The electronic fetal monitoring (EFM) segment is further divided into external EFM and internal EFM. On the basis of method, the market is bifurcated into invasive and non-invasive. As per portability, it is classified into portable and non-portable. According to the application, it is divided into intrapartum fetal monitoring and antepartum fetal monitoring. Depending on the end user, the market is categorized into hospitals and maternity hospitals, clinics, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the fetal monitoring market are General Electric Company, MedGyn Products, Inc., EDAN Instrument, Inc., FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Siemens AG, Neoventa Medical AB, Natus Medical Incorporated, Arjo, and Cardinal Health Inc. Key players have adopted business expansion, product launch, and partnership as key developmental strategies to improve the product portfolio of the fetal monitoring market. For instance, in May 2023, Cardinal Health Canada announced the plans to open a new distribution center in the Greater Toronto Area (GTA), expanding its distribution footprint to nine strategic locations to better meet the medical and surgical product demands of the Canadian healthcare system.
The fetal monitoring market is driven by a rise in the number of preterm births, post-term pregnancy, and multiple pregnancy. For instance, the World Health Organization estimated that 13.4 million babies were born preterm in 2020 (before 37 completed weeks of gestation). In addition, non-invasive fetal monitoring techniques, such as doppler ultrasound and cardiotocography (CTG), are gaining popularity due to their safety and ease of use. These techniques eliminate the need for invasive procedures, thereby improving patient comfort and satisfaction. The increase in demand for non-invasive monitoring methods contributes to the growth of the fetal monitoring market. Furthermore, advancements in fetal monitoring devices propel the market growth. For instance, STAN monitor from Neoventa Medical and ACUSON S3000 ultrasound system from Siemens AG are few novel technologies for fetal heart monitoring. However, stringent regulatory procedures and high costs associated with these devices are anticipated to restrain market growth. Further, emerging technologies, such as portable and wireless products and untapped emerging economies offer lucrative opportunities for the market players.
The fetal monitoring market is segmented into product, method, portability, application, end user, and region. By product, the market is segregated into ultrasound, electronic fetal monitoring (EFM), and accessories and consumables. The ultrasound segment is further categorized into 2D ultrasound, 3D and 4D ultrasound, and doppler imaging. The electronic fetal monitoring (EFM) segment is further divided into external EFM and internal EFM. On the basis of method, the market is bifurcated into invasive and non-invasive. As per portability, it is classified into portable and non-portable. According to the application, it is divided into intrapartum fetal monitoring and antepartum fetal monitoring. Depending on the end user, the market is categorized into hospitals and maternity hospitals, clinics, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the fetal monitoring market are General Electric Company, MedGyn Products, Inc., EDAN Instrument, Inc., FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Siemens AG, Neoventa Medical AB, Natus Medical Incorporated, Arjo, and Cardinal Health Inc. Key players have adopted business expansion, product launch, and partnership as key developmental strategies to improve the product portfolio of the fetal monitoring market. For instance, in May 2023, Cardinal Health Canada announced the plans to open a new distribution center in the Greater Toronto Area (GTA), expanding its distribution footprint to nine strategic locations to better meet the medical and surgical product demands of the Canadian healthcare system.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fetal monitoring market analysis from 2022 to 2032 to identify the prevailing fetal monitoring market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fetal monitoring market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fetal monitoring market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product
- Ultrasound
- Type
- 2D Ultrasound
- 3D and 4D Ultrasound
- Doppler Imaging
- Electronic Fetal Monitoring (EFM)
- Type
- External EFM
- Internal EFM
- Accessories and Consumables
By Method
- Invasive
- Non-Invasive
By Portability
- Portable
- Non-Portable
By Application
- Intrapartum Fetal Monitoring
- Antepartum Fetal Monitoring
By End User
- Others
- Hospitals and Maternity Hospitals
- Clinics
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- FUJIFILM Holdings Corporation
- Koninklijke Philips N.V.
- MedGyn products, inc.
- Siemens AG
- EDAN Instrument, Inc.
- Natus Medical Incorporated.
- Arjo
- General Electric Company
- Neoventa Medical AB
- Cardinal Health Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FETAL MONITORING MARKET, BY PRODUCT
CHAPTER 5: FETAL MONITORING MARKET, BY METHOD
CHAPTER 6: FETAL MONITORING MARKET, BY PORTABILITY
CHAPTER 7: FETAL MONITORING MARKET, BY APPLICATION
CHAPTER 8: FETAL MONITORING MARKET, BY END USER
CHAPTER 9: FETAL MONITORING MARKET, BY REGION
CHAPTER 10: COMPETITIVE LANDSCAPE
CHAPTER 11: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Fetal monitoring Market is likely to experience a significant growth rate of 6.2% from 2023-2032 owing to increase in demand for fetal monitoring devices from medical devices and supplies sector. According to this report, the fetal monitoring market was valued at $3.4 billion in 2022, and is estimated to reach $6.2 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032. Fetal monitoring is a medical process used to assess and record the physiological changes of a developing fetus during pregnancy and labor. It involves the continuous or periodic monitoring of the fetus's heart rate, as well as the mother's contractions, to evaluate the well-being and health status of the unborn baby.
Key factors driving the growth of the fetal monitoring market include an increase in preterm births, surge in government and non-government initiatives for maternal health and rise in technological advancements in fetal monitoring devices. In addition, innovative monitoring devices with enhanced capabilities, such as wireless connectivity, data integration, and real-time monitoring, have improved the accuracy and efficiency of fetal monitoring which is expected to drive the fetal monitoring market growth. Technological advancements attract healthcare providers and lead to the adoption of advanced fetal monitoring systems. Furthermore, rise in adoption of telemedicine and remote monitoring, which includes remote fetal monitoring, makes healthcare more accessible to expectant mothers which further contributes toward the fetal monitoring market growth.
The market also offers growth opportunities to the key players in the market. The development of portable, non-invasive, and wireless fetal monitoring products presents a significant market opportunity for the fetal monitoring market. These advancements in technology address various challenges associated with traditional monitoring methods and open new possibilities for expectant mothers and healthcare providers. In addition, emerging markets have experienced rapid growth in healthcare infrastructure, including the establishment of hospitals and research institutes. This expansion creates a demand for advanced medical equipment, including fetal monitoring, to support diagnostics and therapeutic applications therby provide the lucrative opportunity to the fetal monitoring market growth.
The fetal monitoring market is segmented into the product, method, portability, application, end user, and region. On the basis of product, the market is categorized into ultrasound, electronic fetal monitoring (EFM), accessories and consumables. The ultrasound segment is further categorized into 2D ultrasound, 3D and 4D ultrasound, and doppler imaging. The electronic fetal monitoring (EFM) segment is further divided into external EFM and internal EFM. On the basis of method, the market is categorized into invasive and non-invasive. According to the application, it is divided into intrapartum fetal monitoring and antepartum fetal monitoring. Depending on the end user, the market is categorized into hospitals and maternity hospitals, clinics, and others. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific ((Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include General Electric Company, MedGyn Products, Inc., EDAN Instrument, Inc., FUJIFILM Holdings Corporation, Koninklijke Philips N. V., Siemens AG, Neoventa Medical AB, Natus Medical Incorporated, Arjo, and Cardinal Health Inc. The players in the market have been actively engaged in the adoption various strategies such as a business expansion, product launch, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in May 2023, Cardinal Health Canada announced the plans to open a new distribution center in the Greater Toronto Area (GTA), expanding its distribution footprint to nine strategic locations to better meet the medical and surgical product demands of the Canadian healthcare system.
Key Market Insights
By product, the ultrasound segment was the largest revenue contributor to the market and is estimated to reach $3.11 billion by 2032. However, the electronic fetal monitoring (EFM) segment is anticipated to grow at the highest CAGR of 6.7% during the forecast period.By method, the non-invasive segment dominated the global market with a highest CAGR of 6.3% during the forecast period.
By portability, the non-portable segment dominated the global market. However, the portable segment is anticipated to grow at the highest CAGR of 6.6% during the forecast period.
By application, the antepartum fetal monitoring segment dominated the global market. However, the intrapartum fetal monitoring segment is anticipated to grow at the highest CAGR during the forecast period.
Based on end user, the hospitals and maternity hospitals segment was the largest revenue contributor to the market. However, the others segment is anticipated to grow at the highest CAGR during the forecast period.
Based on region, North America garnered the largest revenue share in 2022, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- FUJIFILM Holdings Corporation
- Koninklijke Philips N.V.
- MedGyn products, inc.
- Siemens AG
- EDAN Instrument, Inc.
- Natus Medical Incorporated.
- Arjo
- General Electric Company
- Neoventa Medical AB
- Cardinal Health Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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