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Global Foetal Monitoring Market to Grow at a CAGR of 5.3% During 2021-2026, Aided by Various Innovations to Develop Advanced Foetal Monitoring Systems

According to a new report by EMR titled, ‘Global Foetal Monitoring Market Report and Forecast 2021-2026’, the market attained a value of about USD 2.96 billion in 2020. The industry is further expected to grow at a CAGR of 5.3% in the forecast period of 2021-2026 to reach a value of nearly USD 4.04 billion by 2026.

The surging cases of neonatal death, especially in developing countries, is aiding the market growth. According to the United Nations Children’s Fund (UNICEF), nearly two million babies are born with no indication of life at 28 weeks of pregnancy or later, which can be prevented by proper care. This is increasing the awareness regarding the importance of foetal monitoring to ensure the safety of the foetus. Moreover, the increasing research and development (R&D) activities by the leading companies to develop innovative and cost-effective foetal monitoring systems are aiding the market growth. The rising demand for portable foetal monitoring devices to accurately monitor the heart rate of the unborn child while providing mobility to the mother is expected to augment the growth of the foetal monitoring industry. In addition, the surging number of skilled professionals to operate the monitoring systems in devices in both developing and developed countries are providing impetus to the foetal monitoring industry.

Koninklijke Philips N.V. (Philips Healthcare) (NYSE: PHG), one of the leading players in the market, launched Avalon CL Foetal and Maternal Pod to support clinical as well as expectant mothers during the COVID-19 pandemic in June 2020. The product aims to reduce physical interaction between clinicians and patients who are at high risk of contracting the virus. It is a part of a broader, innovative, high-risk pregnancy solution that includes the company’s perinatal analytics, visualisation software, and ultra-portable battery-operated foetal monitor. The product allows for continuous and non-invasive monitoring of maternal and foetal heart rate using disposable electrode patches placed on mothers’ abdomen. Such product launches are expected to propel the market growth.

Market Analysis by Product, Portability, Method, Application, End Use, and Region:

  • The market, on the basis of product, can be divided into ultrasound, intrauterine pressure catheter (IUPC), telemetry solutions, electronic foetal monitoring (EFM), foetal electrodes, foetal doppler, and accessories and consumables, among others.
  • On the basis of portability, the market can be bifurcated into non-portable and portable.
  • Based on method, the industry can be divided into non-invasive method and invasive method.
  • The applications of foetal monitoring include antepartum foetal monitoring and intrapartum foetal monitoring.
  • By end use, the market is categorised into hospitals and clinics, among others.
  • The regional markets for foetal monitoring include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The expansion of healthcare infrastructure in middle and low-income countries is increasing the demand for foetal monitoring, hence aiding the market growth.
  • The market is being driven by the growing importance regarding the significance of foetal monitoring, which is consequently surging its demand.
  • The rising prevalence of foetal distress caused by hypoxia and leading to various abnormalities is propelling the growth of the foetal monitoring industry.
  • The integration of the latest technologies like artificial intelligence (AI) and machine learning to develop efficient, cost-effective, and advanced foetal monitoring systems is augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global foetal monitoring market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, portability, methods, applications, end uses, and regions of foetal monitoring.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for foetal monitoring are Neoventa Medical AB, Cardinal Health,Inc., General Electric Company, and Koninklijke Philips N.V. (Philips Healthcare), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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