Portland, OR -- (SBWIRE) -- 09/27/2017 -- Fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions to examine fetal health during labor & delivery. These devices are also used to monitor three key fetal/maternal parameters such as fetal heart rate, fetal movements, and uterine contractions.
The major factors that drive the global fetal monitoring market include increase in birth rates & preterm births, active government and nongovernment initiatives to provide better maternal & fetal care, and rise in technological advancements pertaining to these devices. For instance, STAN monitor from Neoventa Medical and Monica AN24 monitor, few novel technologies for fetal heart monitoring, are gaining significant foothold in the fetal monitoring market. However, stringent regulatory procedures and high costs associated with these devices are anticipated to restrain the market growth.
The ultrasound segment is anticipated to maintain its dominance during the forecast period, accounting for over one-third share of the global fetal monitoring market revenue by 2022. This is due to recent developments in ultrasound technologies, especially the handheld Doppler imaging and fetal screening through ultrasound devices carried out every trimester during pregnancy to estimate the gestational age.
Global fetal monitoring market was valued at $2,206 million in 2015, and is expected to reach $3,584 million in 2022, registering a CAGR of 7.1% from 2016 to 2022. Fetal monitoring consists of diagnostic devices utilized to monitor the fetal heart rate, fetal movement pattern, and the overall fetal growth during pregnancy. These devices are also used to monitor uterine contractions during pregnancy, labor, and delivery. Fetal monitoring is used to observe the baby's heart rate to intervene and prevent complications during child birth such as brain damage, cerebral palsy, newborn seizures, or fetal death. The demand for fetal monitoring has increased significantly in the past few years, owing to the perpetual need to reduce intrapartum stillbirths. In addition, active government and nongovernment participation for improving maternal and fetal health worldwide has raised the demand for fetal monitoring devices. Moreover, increase in number of preterm births, post-term pregnancy, multiple pregnancy, and premature delivery cases has supplemented the market growth.
Key findings of the Fetal Monitoring Market
-Electronic fetal monitoring (EFM) is projected to grow at the highest growth rate during the analysis period.
-Telemetry solutions segment is expected to grow at the CAGR of 7.6%.
-North America dominated the global market, accounting for three-eighths of the overall market in 2015, owing to the high adoption of fetal monitoring devices.
-Hospital was the highest revenue-generating end user segment in 2015, and is expected to continue its dominance during the forecast period.
-Antepartum application led the market in 2015, and is projected to grow at a CAGR of 6.9%.