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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.
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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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