Fetal Monitoring Market Expected To Reach $5.2 billion by 2026

2022-04-14 12:01:43 UTC | Healthcare & Pharmaceuticals
Fetal Monitoring Market Expected To Reach $5.2 billion by 2026

According to market research report,  "Fetal Monitoring Market by Product (Ultrasound (3D & 4D), Fetal Electrodes, Telemetry Devices, Accessories and Consumables), Portability (Portable Systems), Method (Invasive), Application (Antepartum), End User (Hospitals) - Global Forecast to 2026", is projected to reach USD 5.2 billion by 2026 from USD 3.7 billion in 2021, at a CAGR of 7.2% from 2021 to 2026. The growth of this market is driven by the escalating prevalence of preterm births, favorable government policies, advanced technologies of fetal monitoring systems, and active product launches. 

 

“Ultrasound Devices is expected to hold the largest share of the fetal monitoring market, by product in 2021.”

Based on products, the fetal monitoring market is segmented into ultrasound devices, electronic maternal/fetal monitors, fetal electrodes, fetal doppler devices, uterine contraction monitors, telemetry devices, accessories & consumables, and other products. Ultrasound devices are the largest segment in this market. This segments growth can primarily be attributed to technological advancements, increasing congenital anomalies, maternal mortality, and rising regulatory approvals.

“Non-portable systems are expected to hold the largest share of the fetal monitoring market, by portability in 2021.”

Based on portability, the market is segmented into non-portable systems and portable systems. In 2020, non-portable systems accounted for the largest share of this market, owing to wide applications in hospitals and diagnostic centers to assess fetal and maternal health. 

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Fetal Monitoring Market Dynamics :- 

  1. DRIVER: Advanced and innovative fetal monitoring technologies
  2. RESTRAINTS: High cost of fetal monitoring equipment
  3. OPPORTUNITY: Development of noninvasive, portable, and advanced fetal monitors
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