Asia-Pacific Fetal & Neonatal Monitoring Market Size (2024 - 2029)

Asia-Pacific Fetal and Neonatal Monitoring Market Analysis

The Asia-Pacific fetal and neonatal monitoring market is expected to register a CAGR of 6.2% over the forecast period.

COVID-19 had a significant impact on the growth of the market during the pandemic period in Asia-Pacific. This was due to the strict regulations imposed by the governments in the Asia-Pacific region leading to disruptions in neonatal care, which led to a notable impact on the market's growth. For instance, the article published by BMJ in 2021 mentioned that the pandemic affected newborn follow-up care, with 48.5% of patients reporting fewer appointments per newborn and 32.6% reporting fewer staff to conduct follow-up clinics in Asia. Such reduction in neonatal and fetal care in Asian countries during the pandemic period significantly impacted the market's growth. However, the resumption of neonatal and fetal healthcare practices after the relaxation of strict lockdown regulation during the post-pandemic period is expected to drive the market's growth over the forecast period.

The high birth rate and preterm births in the Asia-Pacific population are the major factors boosting the market studied. According to the Frontiers article published in July 2022, 52.9% of births will be preterm n Asia in 2021. the article also mentioned that India accounted for 23.4% of preterm births worldwide, China for 7.8%, Bangladesh for 4.0%, and Indonesia for 3.5% of the total preterm birth rates worldwide. Preterm babies often require special care in the neonatal intensive care unit (NICU). The demand for neonatal devices is also increasing, which is expected to be a key driving force for the studied market.

Additionally, the increasing strategies of the market players, such as collaborations, partnerships, and others, and rising launches of various awareness campaigns regarding fetal and neonatal healthcare in Asia-Pacific countries are also expected to drive the market's growth. For instance, in October 2021, Melody International collaborated with Abdul Latif Jameel Health to distribute Melody's innovative remote Melody I Mobile Fetal Monitor iCTG, a cloud-based wireless fetal monitor program across the Asian market. Also, in November 2022, the Director of Health Services at UT Ladakh launched the SAANS campaign in Ladakh to increase awareness and reduce the infant mortality rate in this region.

Thus, the high prevalence of preterm births, the presence of major market players, and rising awareness among the Asia-Pacific population are expected to fuel the market's growth over the forecast period. However, the limited accessibility and stringent regulatory procedures are expected to hinder market growth in this region.

Asia-Pacific Fetal and Neonatal Monitoring Industry Segmentation

As per the scope of the report, fetal and neonatal monitoring devices are machines used for monitoring and designed to care for the unique needs of unborn and newborn babies. The Asia-Pacific Fetal Neonatal Monitoring Market is segmented By Product Type (Fetal Monitoring Devices (Heart Rate Monitors, Uterine Contraction Monitors, Pulse Oximeters, and Other Fetal Monitoring Devices) and Neonatal Monitoring Devices (Cardiac Monitors, Capnographs, Blood Pressure Monitors, Blood Pressure Monitors, Pulse Oximeters and Other Neonatal Monitoring Devices)), End-User (Hospitals, Neonatal Centers And Other End Users) and Geography (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific). The report offers the value (in USD million) for the above segments.