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Global Fetal and Neonatal Monitoring Market Size (2024 - 2029)

The fetal and neonatal monitoring devices market is experiencing growth driven by the increasing demand for advanced monitoring solutions, particularly due to the rising prevalence of preterm births and the need for continuous monitoring of infants, especially in the context of COVID-19. Despite the challenges posed by limited access in developing regions and stringent regulatory requirements, the market is expanding as technological advancements and awareness efforts by healthcare authorities contribute to its development.

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Market Size of Global Fetal and Neonatal Monitoring Industry

Fetal and Neonatal Monitoring Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.80 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Fetal and Neonatal Monitoring Market Analysis

The fetal and neonatal monitoring market is expected to register a CAGR of 6.8% over the forecast period.

The COVID-19 pandemic has had a significant impact on the fetal and neonatal monitoring market. According to the research article published in the Journal of Perinatology, 2020, low rates of perinatal transmission of the COVID-19 virus among neonates born to SARS-CoV-2 positive mothers were observed. However, as per the National Registry for Surveillance and Epidemiology of Perinatal COVID-19 Infection (NPC-19), 2020, an incidence of 44 COVID-19 positive cases were observed out of 2287 neonates born to mothers with confirmed SARS-CoV-2 infection. Additionally, as per the research article published in the European Journal of Pediatrics, 2020, neonates and children are less susceptible to COVID-19 due to the reduction in the functioning of angiotensin-converting-enzyme type 2 receptors. Though newborns are at lower risk of developing the infection, utmost care and monitoring are required in instances of COVID-19 infection among infants, which majorly involves continuous monitoring of blood oxygen levels and heartbeat. In this context, the studied market is expected to be significantly impacted during the pandemic.

Fetal monitoring devices are vital tools routinely used in gynecology and obstetrics interventions to examine fetal health during labor and delivery. Neonatal devices are extensively used in neonatal intensive care units (NICUs) where complex machines and monitoring devices are designed for the unique needs of newborn babies.

The prevalence of preterm births has increased in recent decades. According to the World Health Organization, 2020 fact sheet, approximately 15 million infants are born globally before the completion of 37 weeks of gestation, and the rate of preterm births ranges from 5% to 18% of all babies born across 184 countries worldwide. These preterm newborns are found prone to diseases and infections. Hence, these newborns are kept under surveillance using monitoring equipment. These factors have increased the demand for monitoring devices and equipment, which has also driven technological advancements in equipment. Moreover, many healthcare authorities in developing countries are also spreading awareness regarding these facilities to reduce the mortality rate of newborns. These factors have helped the growth of the market.

However, limited access to these facilities in under-developed and developing countries has hindered the further growth of the market. Also, the regulatory guidelines for market approval are very stringent, which dissuades many manufacturers from entering the market.

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 take care of the unique needs of unborn fetal and newborn babies. The Fetal and Neonatal Monitoring Market is Segmented by Product (Fetal Monitoring Devices and Neonatal Monitoring Devices), End-User (Hospitals, Neonatal Care Centers, and Others End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product
Fetal Monitoring Devices
Heart Rate Monitors
Uterine Contraction Monitor
Pulse Oximeters
Other Fetal Monitoring Devices
Neonatal Monitoring Devices
Cardiac Monitors
Capnographs
Blood Pressure Monitors
Pulse Oximeters
Other Neonatal Monitoring Devices
By End User
Hospitals
Neonatal Care Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Fetal and Neonatal Monitoring Market Size Summary

The fetal and neonatal monitoring devices market is poised for significant growth, driven by the increasing prevalence of preterm births and the rising demand for advanced monitoring solutions in healthcare settings. These devices play a crucial role in ensuring the health and safety of fetuses and newborns, particularly in neonatal intensive care units (NICUs) where preterm infants require constant surveillance due to their vulnerability to infections and diseases. The market is experiencing technological advancements and increased awareness, especially in developing regions, as healthcare authorities strive to reduce neonatal mortality rates. However, challenges such as limited access to these facilities in underdeveloped countries and stringent regulatory guidelines for market approval continue to pose obstacles to market expansion.

North America emerges as a dominant region in the fetal and neonatal monitoring market, supported by well-structured healthcare systems and substantial investments in research and development. The United States and Canada lead in promoting advanced medical devices, with a significant portion of the population covered by health insurance, facilitating access to these critical care units. The high incidence of preterm births in the United States further fuels the demand for neonatal monitoring systems, as these infants are at a higher risk of developing severe health complications. The market is moderately competitive, with key players like Medtronic PLC, Becton, Dickinson and Company, Koninklijke Philips NV, GE Company, and Siemens Healthineers leading the charge in innovation and distribution. Recent product approvals and launches, such as Philips' obstetrics monitoring solution and Medtronic's airway monitoring system, underscore the ongoing advancements and strategic efforts to enhance neonatal care.

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Global Fetal and Neonatal Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Preterm and Low-weight Births

      2. 1.2.2 Advanced Technology in Fetal and Prenatal Monitoring

      3. 1.2.3 Growing Government Initiatives in Developing Countries Regarding Fetal Care

    3. 1.3 Market Restraints

      1. 1.3.1 Limited Accessibility in the Developing Regions

      2. 1.3.2 Stringent Regulatory Procedures

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Fetal Monitoring Devices

        1. 2.1.1.1 Heart Rate Monitors

        2. 2.1.1.2 Uterine Contraction Monitor

        3. 2.1.1.3 Pulse Oximeters

        4. 2.1.1.4 Other Fetal Monitoring Devices

      2. 2.1.2 Neonatal Monitoring Devices

        1. 2.1.2.1 Cardiac Monitors

        2. 2.1.2.2 Capnographs

        3. 2.1.2.3 Blood Pressure Monitors

        4. 2.1.2.4 Pulse Oximeters

        5. 2.1.2.5 Other Neonatal Monitoring Devices

    2. 2.2 By End User

      1. 2.2.1 Hospitals

      2. 2.2.2 Neonatal Care Centers

      3. 2.2.3 Other End Users

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Fetal and Neonatal Monitoring Market Size FAQs

The Global Fetal and Neonatal Monitoring Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)

GE Healthcare, Koninklijke Philips NV, Medtronic Plc, Becton, Dickinson and Company and Siemens Healthineers are the major companies operating in the Global Fetal and Neonatal Monitoring Market.

Fetal & Neonatal Monitoring Market Report Snapshots

Fetal & Neonatal Monitoring Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)