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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Foetal Monitoring Market Analysis
The market for foetal monitoring is experiencing significant advancements driven by innovation and investments by market key players in technology. For example, The National Institutes of Health (NIH) has launched the RADx® Tech Foetal Monitoring Challenge, offering up to USD 2 million in cash prizes to encourage the development of diagnostic and monitoring technologies focused on improving foetal health outcomes, particularly in low-resource environments. This initiative invites scientists, engineers, and clinicians to submit their innovative approaches which will potentially lead to a boost in technology development in the market.
Furthermore, some women-led startups trying to make their place in the foetal monitoring sector, coupled with the support of major institutions are also acting as a major trend. For example, The University of Melbourne is supporting female-founded healthcare startups, such as Kali Healthcare, specializing in at-home pregnancy monitoring, and Torch Recruit, dedicated to improving clinical trial participant recruitment through a USD 750,000 investment.
In addition to technological innovations, the market is also witnessing a shift towards wireless monitoring systems that are both portable and non-invasive. These systems are gaining popularity due to their safety, effectiveness, and patient-friendly nature, further propelling the market growth. For example, Mount Sinai West has introduced advanced wireless monitoring technology. This innovative solution, a single patch system placed on the birth parent's abdomen, enables healthcare providers to monitor foetal heart rate, contractions, and uterine activity while allowing patients greater freedom of movement during labor. The Mount Sinai Hospital is set to offer this patient-centered service, reflecting the commitment to improving foetal monitoring experiences and outcomes.
Foetal Monitoring Market Report Snapshots
Foetal Monitoring Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 3.5 billion in 2023, driven by significant advancements driven by innovation and investments by market key players.
The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032, likely to reach a market value of USD 6.1 billion by 2032.
The rising prevalence of preterm births worldwide is a major factor driving the market growth.
Increasing innovation and investments by key players in technological advancement is a major trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Various products used in foetal monitoring care are ultrasound, intrauterine pressure catheter (IUPC), telemetry solutions, electronic maternal/foetal monitoring (EFM), foetal electrodes, foetal doppler, accessories and consumables, among other products.
There are invasive and non-invasive methods in the market.
Foetal monitoring is portable and non-portable.
They find wide applications in intrapartum foetal monitoring and antepartum foetal monitoring.
End users in the market are hospitals, gynecological/obstetrics clinics, and home care, among others.
Key players involved in the market are Koninklijke Philips N.V. (Philips Healthcare), Analogic Corporation, GENERAL ELECTRIC COMPANY, Cardinal Health, Neoventa Medical AB, SIEMENS AG (Siemens Healthineers), Natus Medical Incorporated, FUJIFILM Holdings Corporation, OSI Systems, Inc., Getinge AB, Abbott, Boston Scientific Corporation, and Baxter.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124