Fetal Monitoring Market size was valued at USD 3.57 billion in 2024 and is expected to cross USD 12.56 billion by the end of 2037, expanding at more than 10.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fetal monitoring is estimated at USD 3.86 billion.
The expansion of this market can be attributed primarily to an increase in the age of mothers and higher rates of preterm births. According to the WHO, 15 million babies are born prematurely each year which accounts for about one, in every ten births worldwide. Fetal Monitoring serves as a method to observe the well being of a baby, inside the womb. Its purpose is to identify any issues that may occur during the delivery of a premature baby.
Furthermore, the global rise in the birth rate has created a need for fetal monitoring equipment and services. With expanding populations and improved access to healthcare pregnant women are seeking prenatal care and monitoring. As a result, there has been an increase in the availability of facilities providing prenatal care leading to a higher demand for fetal monitoring equipment and services.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
10.1% |
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Base Year Market Size (2024) |
USD 3.57 billion |
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Forecast Year Market Size (2037) |
USD 12.56 billion |
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Regional Scope |
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End User (Hospitals, Neonatal Centers)
By the year 2037 it is expected that hospitals will have a share of around 35% in the global fetal monitoring market. This can be attributed to the rising awareness among women to undergo regular checkups along with the increasing number of hospitals that are equipped with advanced technology for fetal monitoring.
Moreover, the expanding number of hospitals in the United States is anticipated to boost the demand for fetal monitoring products as more and more hospitals are installing the necessary equipment. It is estimated that there are 6,100 operating hospitals, in the United States.
Product (Fetal Monitoring Devices, Neonatal Monitoring devices)
The sub category of neonatal monitoring devices is expected to have a significant market share in the future. This is primarily due to the rising occurrence of disorders like respiratory distress syndrome, hypothermia and jaundice. It has been observed that 62% of full term infants and 85% of preterm infants experience neonatal jaundice within their first week of life. Consequently, there is a growing demand, for neonatal monitoring devices that can effectively detect and monitor these conditions with improved accuracy and efficiency.
Our in-depth analysis of the global market includes the following segments:
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End User |
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Product |
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Asia Pacific Market Forecast
The Asia Pacific fetal monitoring market is projected to become the largest in the region accounting for 38% by 2037. There is a transformation taking place in the healthcare sector particularly in developing and underdeveloped nations, where new fetal monitoring solutions like telemetry and software based services are becoming widely adopted.
With increasing healthcare expenditure in China and India driven by their growing economies there are opportunities for fetal monitoring due to advancements in technology and the availability of affordable devices. According to the Economic Survey 2022 23 healthcare spending budgeted by both state governments in India has increased to 2.3% of GDP for FY22 from 1.5%, in FY21.
North American Market Statistics
The fetal monitoring market in North America is projected to be the largest, with a moderate share expected by the end of 2037. The market's growth can be primarily attributed to the increasing number of births in the region, growing awareness about the importance of fetal monitoring during labor and delivery, and healthcare facilities' adoption of advanced fetal monitoring solutions.
Additionally, the region boasts organized, developed, and advanced healthcare systems. Governments are also encouraging healthcare research setups and facilitating collaboration, among countries operating in the region, which further fuels market growth.
Author Credits: Radhika Pawar
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