Intrapartum Monitoring Devices Market revenue to reach USD 5 Billion by 2036, says Research Nester
Key intrapartum monitoring devices market players include Analogic Corporation, Cooper Surgical, Inc., GE Healthcare, Koninklijke Philips N.V., Medtronic PLC, Stryker Corporation, Huntleigh Healthcare Limited, Stalwart Meditech Private Limited, and Royal Philips.
New York, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global intrapartum monitoring devices market size is expected to expand at 5% CAGR from 2024-2036. The market is anticipated to garner a revenue of USD 5 billion by the end of 2036, up from a revenue of USD 3 billion in the year 2023. The growth of the market can be attributed to the rising cases of childbirth mortality. Every year, in the world around 800 women die while giving birth to a child. Rising mortality has put more focus on patient safety and policymakers become more aware of the need for enhancing monitoring devices. In addition to these, a factor that is believed to fuel the market growth of intrapartum monitoring devices are growing problem of menstruation. At the childbearing age, around 14% to 25% of women in the world go through menstrual irregularities. Growing menstrual issues, such as painful menstruation, irregular periods, and heavy bleeding, have increased the regular visits of patients to gynecologists for routine checkups. Intrapartum monitoring devices will also help in detecting the effect of menstrual issues on future pregnancies.
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Intrapartum Monitoring Devices Market: Key Takeaways
Market in North America to propel highest growth
The electrodes segment to garner the highest growth
Market in Asia Pacific to grow at a highest rate
Increasing Childbirth with Health Issues across the Globe to Boost Market Growth
On an annual basis, approximately 8 million babies are born with a birth defect worldwide. In low- and middle-income nations, nine out of every 10 children are born with a significant birth defect. Intrapartum monitoring devices give access to real-time data on fetal conditions. This can help healthcare providers to provide timely intervention and avoid health defects in newborns. According to the statistics of the United Nations, around 121 pregnancies in the world are unintended. Unexpected pregnancies often come with a higher level of uncertainty. This can increase the demand for prenatal care, including intrapartum monitoring, to ensure the health and well-being of both mother and child. The Texas Children's Hospital joined the Baylor Children's Foundation in February 2023 to assist with the implementation of intrapartum monitoring utilizing artificial intelligence as part of the hospital's maternal neonatal health project.
Intrapartum Monitoring Devices Market: Regional Overview
The global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.
Expanding Technological Advancements to Drive the Market Growth in North America Region
The intrapartum monitoring devices market in North America region is estimated to garner the largest revenue by the end of 2036. A primary driver of growth in the North American market is the continuous stream of technological advancements. Innovations in medical technology, including more accurate and user-friendly monitoring devices, have improved the accuracy and efficiency of intrapartum monitoring, reducing the risk of complications during childbirth. Increased awareness about the importance of maternal and fetal health has become a significant driver of growth. Expecting mothers and healthcare professionals are placing greater emphasis on intrapartum monitoring, recognizing the critical role it plays in ensuring the well-being of both mother and baby during childbirth. The American College of Obstetricians and Gynecologists (ACOG) emphasizes the importance of intrapartum monitoring in reducing adverse maternal and neonatal outcomes, further underscoring the significance of this practice. North America continues to experience a steady increase in birth rates. The growing population and a high birth rate drive the demand for intrapartum monitoring equipment and services, as more women seek access to quality healthcare during childbirth. The Centers for Disease Control and Prevention (CDC) reported that the birth rate in the United States increased in 2020, demonstrating the continuous demand for maternal and fetal healthcare services, including intrapartum monitoring.
Increasing Awareness of Maternal and Fetal Health to Propel the Growth in the Asia Pacific Region
The Asia Pacific intrapartum monitoring devices market is estimated to garner the highest CAGR by the end of 2036. A primary driver of growth in the Asia Pacific region is the continuous stream of technological advancements. Innovations in medical technology, such as advanced monitoring devices, have improved the accuracy and efficiency of intrapartum monitoring, reducing the risk of complications during childbirth. Increasing awareness of the importance of maternal and fetal health is a significant driver of growth. Expecting mothers and healthcare professionals in the Asia Pacific region are recognizing the critical role intrapartum monitoring plays in ensuring the well-being of both mother and baby during childbirth. The World Health Organization (WHO) has emphasized the importance of intrapartum monitoring to reduce maternal and neonatal mortality, further underscoring the significance of this practice in the Asia Pacific region. The Asia Pacific region is characterized by significant population growth and high birth rates. The continuous rise in birth rates drives the demand for intrapartum monitoring equipment and services, as more women seek access to quality healthcare during childbirth. According to a United Nations report, Asia accounted for 60% of global births in 2020, indicating the significant demand for maternal and fetal healthcare services, including intrapartum monitoring.
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Intrapartum Monitoring Devices Segmentation by Type
Electrodes
Monitoring
The electrodes segment in the intrapartum monitoring devices market is anticipated to hold the largest share over the forecast period. The rapid evolution of healthcare technology is a prime driver of growth in medical electrodes. Innovations in materials, design, and miniaturization have led to more efficient and reliable electrodes used in various medical applications, such as ECG monitoring and diagnostic devices. The aging global population contributes to the growing demand for healthcare services. With more elderly individuals requiring continuous monitoring and medical interventions, the use of medical electrodes is expanding to address age-related health conditions. Increasing environmental concerns drive the growth of electrochemical sensors. These sensors are used for monitoring air and water quality, ensuring compliance with environmental regulations, and mitigating the impact of pollution on ecosystems and human health. According to a study published in the journal Environmental Science and Technology, the demand for electrochemical sensors for environmental monitoring is projected to grow substantially, in response to increasing pollution concerns. Ongoing research and development efforts in the field of neurostimulation are pushing the boundaries of electrode technology. Advancements in electrode materials and designs are increasing the efficacy and safety of neurostimulation therapies.
Intrapartum Monitoring Devices Segmentation by End User
Hospitals
Maternity Centers
Intrapartum monitoring devices market from the hospitals segment is anticipated to hold a significant share over the forecast period. The overall growth in population drives the need for more healthcare services. As the population increases, the demand for hospital facilities and healthcare professionals’ surges to meet the growing healthcare needs of communities. According to the United Nations, the global population is projected to reach 9.7 billion by 2050, emphasizing the necessity for expanded healthcare services. The aging demographic creates a surge in healthcare demands, particularly for specialized care and chronic disease management. Hospitals must adapt to provide comprehensive geriatric services, contributing to sector growth. Advances in medical technology, such as minimally invasive surgical techniques, robotic surgery, and telemedicine, drive the need for modern healthcare facilities. Hospitals must invest in new technologies to stay competitive and offer cutting-edge care. The increasing prevalence of chronic diseases, like diabetes and cardiovascular disorders, necessitates hospital services for diagnosis, management, and treatment. Chronic disease management units within hospitals are on the rise.
Intrapartum Monitoring Devices Segmentation by Method
Invasive
Non-Invasive
Few of the well-known market leaders in the global intrapartum monitoring devices market that are profiled by Research Nester are Analogic Corporation, Cooper Surgical, Inc., GE Healthcare, Koninklijke Philips N.V., Medtronic PLC, Stryker Corporation, Huntleigh Healthcare Limited, Stalwart Meditech Private Limited, Royal Philips, and other key market players.
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Recent Development in the Intrapartum Monitoring Devices Market
Royal Philips announced the partnership with Oulu University Hospital in Finland to support the OYS2030 programs by providing advanced diagnosis and treatment solutions for the patient.
GE Healthcare has come into collaboration with Pulsenmore to increase the sales of Pulsenmore’s homecare ultrasound solutions in Europe.
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