A fetal monitoring device is a necessary device which is utilized for witnessing uterine contractions throughout labor. It is a diagnostic tool that is optimized to observe the undertaking and the heart rate of the fetus and maternal retrenchments. It has protuberant application in witnessing the health of unborn baby to guarantee a safe birth and involves monitoring of chronic lung syndromes, mental retardation, neonatal syndromes, hypothermia, visualization & hearing problems, and jaundice.
According to the report analysis, ‘Global Fetal Monitoring Devices Market to reach USD 2676.40 Million by 2026’ states that the worldwide burden of COVID-19 results in greater requirement of fetal monitoring devices to observe the health of fetus and maternal contraction and guarantee whether child is diseased of corona or not. It has great demand around the globe owing to the protruding offering before the child birth, therefore the worldwide augment in birth rates and preterm births is projected to propel the growth of market over the review years. For instance: as per Statista 2017, Nigeria registers for the greatest share in the fertility rate with over 6.49 children per women, shadowed by Angola, Mali, Burundi, Somalia that is 6.16, 6.01, 5.99, and 5.80 children per women, correspondingly. In addition, promising government inventiveness for delivering the better healthcare amenities to pregnant women is projected to quicken the growth of market over the review years. However, great cost of equipment and rigorous regulatory processes linked with the usage of Fetal monitoring devices is restricting the growth of market over the forthcoming duration.
The worldwide Fetal Monitoring Devices Market is valued nearly USD 1688.7 Million during 2019 and is projected to grow with a vigorous growth rate of more than 6.80% over the review period of 2019-2026. The regional examination of worldwide Fetal Monitoring Devices market is measured for the foremost regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North America is the leading/momentous region across the globe in terms of market share due to the occurrence of advantageous government initiatives along with implementation of advanced technology in Fetal monitoring devices market. Whereas, the Asia-Pacific is also projected to exhibit maximum growth rate / CAGR over the review duration of 2020-2026. Aspects such as increasing birth rates and preterm births in the economy would produce lucrative growth scenarios for the Fetal Monitoring Devices market around Asia-Pacific region.
While, the influence of the driving aspects is projected to surpass that of the restraints. Moreover, occurrence of portable & wireless products and unexploited developing economies are projected to propel the new growth opportunities to fetal monitoring devices producers during the near future. Furthermore, the ultrasound sector occupied foremost share during the recent past years, and is projected to manage its lead during the review period, due to technological improvements in ultrasound technologies, which have advanced the diagnosis and assessment of fetal abnormality. The numerous improvements have been observed in the ultrasound technology such as advanced Doppler ultrasonography, leading to advanced outcomes for pregnancies at high risk. Therefore, in the near years, it is predicted that the market of fetal monitoring will increase around the globe more effectively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications