According to FutureWise analysis the market for fetal monitoring systems in 2023 is US$ 2.76 billion, and is expected to reach US$ 4.5 billion by 2031 at a CAGR of 6.30%.
The healthcare industry is trending toward wearable devices and noninvasive treatment. Consequently, companies are utilizing wearable devices in fetal monitoring systems. The Nemo Fetal Monitoring System, a novel wearable device that provides accurate information on fetal and maternal health, was recently launched by a provider of non-invasive technologies, Nemo Healthcare. In the fetal monitoring market, companies are increasingly offering advanced systems that can provide information on fetal, maternal, and uterine activity all in one measurement. As a result, healthcare companies are focusing on developing systems that are convenient for clinicians and patients. Wearable devices are gaining prominence in the fetal monitoring systems market due to their benefits for safer births and healthier children. Due to the high prevalence of obese women, wearable devices have become increasingly popular. The non-invasive fetal monitoring system is gaining popularity among clinicians, as it allows them to intervene in time to prevent harm to the unborn child.
Fetal Monitoring Systems are growing in popularity due to growing awareness among pregnant women. In addition, the demand for real-time monitoring data to improve birth control and reduce risks is also contributing to the growth of the Fetal Monitoring Systems Market. Most neonatal deaths are caused by preterm birth, intrapartum complications (birth asphyxia or lack of oxygen at birth), infections, and birth defects, according to the WHO. A rise in complications during pregnancy, such as prolonged labor, cesarean section delivery, and fetal distress, led to birth asphyxia. Fetal monitoring is a result of this factor, thereby increasing the demand for fetal monitoring systems.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Fetal Monitoring Systems Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Fetal Monitoring Systems Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.