Global Digital Maternal & Fetal Health Market Size (2023 – 2030)

In 2022, the Global Digital Maternal & Fetal Health Market was valued at USD 2.8 billion and is projected to reach a market size of USD 4.14 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 5%. 

Industry Overview

The fetal monitoring system is diagnostic equipment that tracks the fetus’ movement and heart rate as well as the mother’s contractions. It's a basic tool for keeping track of uterine contractions during childbirth. It primarily checks the fetus's health and the development of labor. It is referred to as a medical procedure to assess the health of an unborn baby to ensure a safe birth in medical words. It's also used to keep track of chronic lung ailments, mental retardation, newborn disorders, hypothermia, vision and hearing issues, and jaundice.

The global fetal monitoring market is driven by factors such as an increase in the prevalence of cardiopulmonary diseases, technological advancements such as non-invasive surgeries, increased government and non-government initiatives for maternal and fetal health around the world, increased awareness and willingness to invest in the development of fetal monitoring, and an increase in the number of post-term pregnancy, multiple pregnancy, and premature delivery cases. This market comprises devices that measure fetal heart rate, fetal movement, and uterine contractions. However, expensive equipment costs, a lack of regulatory standards, technical constraints, and subjective interpretations are some of the issues limiting the worldwide fetal monitoring market's growth.

The market is expected to develop due to an increase in demand for fetal monitoring throughout pregnancy. The global market is predicted to rise in the future due to technological improvements and an increase in preterm births and birth rates. Furthermore, the global market is bolstered by increases in the prevalence of preterm birth, hemorrhage, and the demand for fetal monitoring supplements. Additionally, the rise of portable and wireless products and technology, as well as unexplored emerging markets, present significant worldwide growth potential. Stringent regulatory processes, low birth rates, and expensive equipment costs, on the other hand, stymie the worldwide fetal monitoring industry.

Impact of Covid-19 on the Industry

The drop in fetal monitoring operations during the COVID-19 pandemic was mostly due to a decrease in hospital patient load as a result of rescheduling and postponing procedures for safety reasons. Furthermore, these delays occurred after a thorough examination of the patient's medical history, and if possible, healthcare personnel rescheduled fetal monitoring to reduce the risk of COVID-19 exposure during hospital visits. Furthermore, new government instructions or hospital recommendations have lowered fetal surveillance in areas heavily afflicted by COVID-19. As a result, the COVID-19 pandemic has a detrimental influence on the fetal monitoring business.

Market Drivers

Fetal monitoring systems that are cutting-edge and creative will drive the market growth

With the most innovative technologies and increasing research and product releases, the fetal monitoring industry is growing. Fetal monitoring technology is increasingly being simplified to give more aid in utero fetal procedures, which may include difficult physical fetal access as well as technological challenges. Progress has also been made in fetal cardiac evaluations, allowing for high-fidelity hemodynamic and continuous physiologic monitoring, allowing for early diagnosis and treatment.

Noninvasive monitoring treatments have become more popular as a result of research and technological developments in fetal monitoring devices. Noninvasive diagnostic tools such as Doppler tests, cell-free fetal DNA evaluation, electronic fetal monitoring (EFM), and fetal acid-base status have been introduced to obstetrics. Fetal and neonatal evaluations are performed during pregnancy via percutaneous umbilical cord blood collection and soon after birth via fetal scalp blood sampling. Advanced data collecting methods and databases have been merged with fetal phonocardiography. To improve fetal motoring data processing efficacy, researchers are working on sophisticated data analytics, synthetic data creation using complex mathematical models, and classifications and processing algorithms.

Development of non-invasive, portable, and advanced fetal monitors

The market's leading manufacturers are expanding their product lines to provide accurate, safe, and inexpensive portable and wireless monitoring systems. The market's major companies are also incorporating telecommunications into these gadgets. In 2020, Philips will debut Lumify, a portable and tele-ultrasound system in Japan, and Avalon CL in the United States. In 2019, a strategic partnership between MindChild Medical and Henry Schein Medical increased the sale and supply of the MERIDIAN M110 Fetal Monitoring System, a noninvasive intrapartum monitor, in the United States.

Market Restraints

High cost of fetal monitoring equipment

The superior technology used in fetal monitoring comes at a significant cost. Advanced monitoring techniques, such as Doppler ultrasound devices, are extremely expensive. The probes used in Doppler technology (such as the Philips Doppler transducer) range in price from $4,500 to $17,000. The GE Healthcare SonoScape system costs roughly USD 9,000. These machines also require maintenance, which accounts for 15% of the unit's purchase price. The high prices of fetal monitoring technology might be prohibitive for low-income countries and institutions with limited resources, limiting the market's growth.

GLOBAL DIGITAL MATERNAL & FETAL HEALTH MARKET REPORT COVERAGE:

This research report on the global maternal & fetal health market has been segmented and sub-segmented based on Product type, Method, Application,  Geography & region.

Global Maternal & Fetal Health Market- By Product Type

• Ultrasound Devices

  • 2D Ultrasound
  • 3D & 4D Ultrasound
  • Doppler Imaging
• Electronic Maternal/Fetal Monitors
• Uterine Contraction Monitors
  • Internal Uterine Contraction Monitors
  • External Uterine Contraction Monitors
• Fetal Electrodes
• Fetal Doppler Devices
• Telemetry Devices

Ultrasound equipment, electronic maternal/fetal monitors, fetal electrodes, fetal doppler devices, uterine contraction monitors, telemetry devices, accessories & consumables, and other goods make up the fetal monitoring market. The largest section of this market is ultrasound devices. Technological improvements, increased congenital malformations, maternal mortality, and rising regulatory approvals are all contributing to this segment's rise.

Global Maternal & Fetal Health Market- By Method

• Invasive
• Non-invasive

The market is divided into invasive and noninvasive segments depending on the procedure. The non-invasive segment accounted for the highest proportion of the market in 2020. Noninvasive ways of diagnosing and monitoring the fetus, particularly in high-risk pregnancies, are generally acknowledged. The increasing approvals of different noninvasive monitoring devices, as well as the arrival of sophisticated technologies, are driving this segment's rise.

Global Maternal & Fetal Health Market- By Application

• Antepartum
• Intrapartum

The market is divided into antepartum and intrapartum segments based on application. The antepartum category has the biggest market share for fetal monitoring. To determine any congenital fetal anomalies, antepartum fetal monitoring is performed throughout the pregnancy. The antepartum category is growing due to comprehensive monitoring regimes, recent product introductions, rising frequency of fetal abnormalities, and mother mortality.

Global Maternal & Fetal Health Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Due to rising awareness of fetal monitoring and rising disposable incomes, Asia-Pacific provides attractive prospects for major participants in the fetal monitoring market. Furthermore, demand for sophisticated fetal monitoring equipment is driving market expansion in this area. Furthermore, the increase in the number of pregnancy cases and improvements in the field of healthcare contribute to the market's expansion. Furthermore, the Asia-Pacific region is heavily populated, with India and China ranking first and second, respectively. As a result of the large population, an increase in pregnancy cases is likely to boost the fetal monitoring market in Asia-Pacific.

Global Maternal & Fetal Health Market- By Companies

• General Electric Company
• Koninklijke Philips N.V.
• OBMedical Company
• Huntleigh Healthcare Limited (ARJO Family)
• Sunray Medical Apparatus Co., Ltd
• Dixion Vertrieb der Medizingeräte GmbH
• Shenzhen Unicare Electronic Co., Ltd.
• Shenzhen Jumper Medical Equipment Co., Ltd.
• Shenzhen Aeon Technology Co., Ltd.
• Shenzhen Lai Kang Ning Medical Technology Co., Ltd.

NOTABLE HAPPENINGS IN THE GLOBAL DIGITAL MATERNAL & FETAL HEALTH MARKET IN THE RECENT PAST:

• Product Launch: - In 2020, In the United States, Koninklijke Philips N.V. introduced the Avalon CL Fetal and Maternal Pod and Patch.
• Product Launch: - In 2020, FUJIFILM UroLift The SonoSite PX Ultrasound System was introduced in the United States by SonoSite.