Fetal and Neonatal Monitoring Devices Market was Valued at US$ 10,142.6 Mn in 2018
Global Fetal and Neonatal Monitoring Devices Market was Valued at US$ 10,142.6 Mn in 2018, Owing to Increasing Incidence of Premature Birth
Analyst Speak:
“The Global Fetal and Neonatal Monitoring Devices Market was valued at US$ 10,142.6 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to rising initiatives by the government in developing countries about the fetal care”
Precision Business Insights (PBI) in its report titled “Global Fetal and Neonatal Monitoring Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global fetal and neonatal monitoring devices market was valued at US$ 10,142.6 Mn in 2018 and growing at a CAGR of 5.0% over the forecast period owing to rise in the prevalence and incidence of premature births and infants with very low body weights are expected to support the growth of the market. According to the report by WHO, in 2018, nearly 15 Mn babies born preterm every year. Moreover, advancements in technology in fetal and prenatal monitoring devices coupled with adoption towards novel technologies fuels the growth of the market. However, stringent regulatory policies and high cost of the equipment are anticipated to restrain the growth of the market over the forecast years.
Global fetal and neonatal monitoring devices market segmented on the basis of product and application.
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Electronic Fetal Monitors segment accounted for higher revenue share
Based on product, global fetal and neonatal monitoring devices market segmented into electronic fetal monitors, ultrasound, Fetal Doppler, fetal pulse oximeters, intrauterine pressure catheters, uterine contraction monitor, and others. Electronic Fetal Monitors segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period due to increasing prevalence of premature births across the globe. Fetal Doppler is also expected to show moderate growth over the forecast years.
Asia Pacific is expected to grow at Highest CAGR in Global Fetal and Neonatal Monitoring Devices Market
PBI’s global fetal and neonatal monitoring devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to increasing focus on development of the healthcare infrastructure with the help of government in the region to offer world class facilities to the patients and increasing awareness campaigns regarding the improvement of fetal care & neonatal care drives the growth of the market. North America registered highest revenue in across the globe in the fetal and neonatal monitoring devices market.
Launch and approval for new products in Fetal and Neonatal Monitoring Devices Market
Global fetal and neonatal monitoring devices market further reveals that launch and approval for innovative products in the market to enhance market revenue share and gaining significant geographic presence across the region. For instance, in January 2017, MindChild Medical, Inc. has received clearance for its Pre-Marketing Notification (510(k)) from the US Food and Drug Administration (FDA) for its MERIDIAN™ M110 non-invasive fetal heart monitor.
Key player’s profiles in the report are GE Healthcare, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Atom Medical Corporation, Philips Healthcare, and CareFusion Corporation
Detailed Segmentation
By Product
o Electronic Fetal Monitors
o Ultrasound
o Fetal Doppler
o Fetal Pulse Oximeters
o Intrauterine Pressure Catheters
o Uterine Contraction Monitor
o Others
By Application
o Antepartum
o Intrapartum
o Others
Geography
o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA
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