China Emerges as a Key Player in the Global Fetal Monitoring Market, Forecasted to Reach $883.1 Million by 2030 with an 8.6% CAGR
DUBLIN, Oct. 20, 2023 /PRNewswire/ -- The "Fetal Monitoring - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global fetal monitoring market is expected to grow from an estimated US$3.1 billion in 2022 to approximately US$4.9 billion by 2030, at a compound annual growth rate (CAGR) of 6.1% during the forecast period of 2022-2030. This growth is driven by various factors, including advancements in ultrasound systems and electronic fetal monitoring (EFM) technologies. Here are some key insights from the report:
Market Segmentation:
Ultrasound Systems: This segment is projected to grow at a CAGR of 6% during the forecast period, reaching an estimated value of US$1.8 billion by 2030.
Electronic Fetal Monitoring (EFM): EFM is expected to exhibit a robust growth rate with an estimated CAGR of 8% over the next eight years.
Regional Analysis:
The United States is estimated to have a fetal monitoring market worth approximately US$961.6 million in 2022.
China, as the world's second-largest economy, is forecasted to reach a market size of US$883.1 million by 2030, with a CAGR of 8.6% during the period of 2022-2030.
Other significant geographic markets include Japan and Canada, each expected to grow at rates of 2.9% and 6.1%, respectively, between 2022 and 2030.
Germany is projected to experience a CAGR of about 4.7%.
Key Competitors:
The report features a total of 46 featured competitors in the fetal monitoring market, including companies such as:
Analogic Corporation
FUJIFILM Holdings Corporation
General Electric Company
Medtronic PLC
Natus Medical, Inc.
Neoventa Medical AB
Philips Healthcare
Siemens Healthineers
Spacelabs Healthcare, Inc.
Economic Outlook:
The global economic outlook is showing signs of improvement, with expected growth recovery in the coming years. The United States has overcome the recession threat, and the Euro area is witnessing easing headline inflation, which is contributing to increased economic activity. China is expected to experience strong GDP growth as it shifts away from its zero-COVID policy. India is on course to become a US trillion economy by 2030.
However, economic recovery remains fragile, with challenges such as slow decline in global headline inflation, food and fuel inflation in developing countries, and high retail inflation impacting consumer confidence and spending. Governments are working to combat inflation by raising interest rates, which may slow down job creation and economic activity. Additionally, regulatory pressures related to climate change are adding complexity to the global economic landscape.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude
Global Economic Update
From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions
Here's How Inflationary Pressures Affect the Economy
Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
Here's What's Causing Inflationary Pressures in the Global Market
Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Global Fetal Monitoring Market Experiences Profitability Hiccups amid COVID-19 Crisis
Competitive Landscape
Fetal Monitoring - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Market Prospects and Outlook
Global Fetal Monitoring Market Enjoys Pure Bliss with Sensational Growth
Ultrasound, Antepartum & Hospitals: Pulsating Segments Offering Special Thrust to Fetal Monitoring Market
Non-Invasive and Wearable Devices Rule the Market
PorTable Devices Clinch Major Share
Antepartum Segment as Primary Application
Hospitals & Maternity Hospitals Remain Key End-Users
North America's Leadership Role in Global Fetal Monitoring Market
Asia-Pacific as Irresistible Market
Market Restraints
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Strong Focus on Fetal Monitoring
Increase in Birth Rate Offers Opportunities for Fetal Monitors Market
Global Birth Rate Statistics (2019, 2020 & 2021): Breakdown of Number of Births per 1000 Population in Select Countries
Rise in Pregnancy Complications Drives Market Growth
Preterm Births - A Potential Catalyst for Significant Growth
Countries with the Highest Preterm Births (in '000s): 2020
Countries / Regions with Highest Rate (%) of Preterm Births : 2020
Rising Working Women Population Increases Pregnancy Complications
Top 10 Countries Worldwide with the Highest Proportion of Working Women in the Nation's Women Population
Increasing Emphasis on Reducing Infant Mortality Augurs Well for Market Growth
Infant Mortality Rates (per 1000 live births) in Select Countries
Government Initiatives Stimulate Expansion
Global Initiatives for Improving Maternal & Child Health (MCH) Drive Demand
Remote Fetal Monitoring: A Smart Technology with Bright Prospects
Non-Invasive Techniques Gradually Gain Prominence over Invasive Techniques
Growing Popularity of IVF: A Business Case for Fetal Monitors
The Rise of Home-based Fetal Monitoring
The Millennials Reaching Child-Bearing Age Drive Healthy Market Growth
Technological Advancements Buoy Growth
Blossoming of AI in Fetal Ultrasound Domain Takes Diagnosis Capabilities to Next Level
AI-Powered Fetal Ultrasound: A Game-Changer
AI: A Blessing for Robotic Fetal Monitoring to Transform Prenatal Care & Diagnostics
Intriguing Perks of AI-based Robotic Fetal Monitoring
Innovations Set Stage for Next-Generation Fetal Monitoring Devices
Select Innovations in Fetal Monitoring Market
Fetal Heart Monitors Witness Rapid Growth
Newest Technology Developments Driving Fetal Heart Monitoring
A few of the latest features in advanced fetal heart monitors include:
FHR's Measurement without FHL
Internal Heart Rate Monitoring Devices Exhibit Robust Growth Potential Based on Advanced Technology Development
Electronic Fetal Monitoring Together with ML to Assist in New Discriminating Information's Extraction
Efficient EMR Integration with the Assistance of Bedside and Central Fetal Surveillance System
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/fiflh7
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