Global Market for Fetal Monitors is Projected to Exceed US$665 Million by 2020
Increase in Older Mothers & Preterm Births to Drive
the Global Fetal Monitors Market, According to New Report by Global Industry Analysts, Inc.
GIA launches
comprehensive analysis of industry segments, trends, growth drivers, market
share, market size and demand forecasts on the global Fetal Monitors market. Global
market for Fetal Monitors is projected to exceed US$665 million by 2020,
driven by increasing maternal age and the ensuing rise in preterm births.
Preterm or
premature childbirth represents the primary driver of growth in the fetal monitors
market. Risk of infant mortality rises significantly with premature birth, thus
necessitating the need to continuous fetal monitoring. The rate of preterm
births worldwide has increased drastically, over the last 20 years, with one
out of every 10 births being a preterm/premature birth. About 15 million
premature births take place annually across the world. The underlying reasons
for a premature delivery, such as, delayed pregnancies, multiple pregnancies, uterus
abnormalities, and rise in incidence of pre-eclampsia, kidney disease, heart
disease, diabetes, present a strong business case for fetal monitoring
equipment.
Fetal monitors
play a pivotal role in perinatal and maternal care by significantly reducing
mortality rates during child birth. A fetal monitor is a device used to record
vital physiologic functions of the fetus during pregnancy and childbirth. Rising
incidences of cardio pulmonary diseases and increasing multiple births as a
result of the growing success rate of in-vitro fertilization (IVF) treatments,
are driving benefiting growth in the market. Development of wireless handheld
fetal monitors designed for real time remote monitoring is expected to augur
well for market growth. Advanced models that help in monitoring maternal
parameters including blood pressure, maternal heart rate, and maternal SpO2,
also bode well for market expansion in the near term. Wearable fetal monitors
are expected to revolutionize the market with expectant mothers set to don
electronic stickers or tattoos for continuous monitoring of a fetus in the
womb. Future models will be equipped with the ability to upload data into cloud
in real time from any location.
As stated by
the new market research report on Fetal Monitors, the United States represents
the largest market worldwide. Asia-Pacific ranks as the fastest growing market
with a CAGR of 5.6% over the analysis period. Improvements in the standard of
care in obstetrics and gynecology, rising health awareness, expanding population,
high birth rates, and rising per capita healthcare spending, represent key factors
driving growth in the region.
Key players covered
in the report include CooperSurgical Inc., EDAN Instruments Inc., GE HealthCare,
Huntleigh, Mediana Co. Ltd., Natus Medical Inc., Neoventa Medical AB, Philips
Healthcare, SpaceLabs Healthcare Inc., and Wallach Surgical Devices Inc., among
others.
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