Fetal Monitoring Market Size, Share, Growth Analysis, By Product(Ultrasound Devices (2D Ultrasound, 3D & 4D Ultrasound, Doppler Imaging), Electronic Maternal/Fetal Monitors), By Portability(Non-Portable Systems, Portable Systems), By Method(Non-Invasive Method, Invasive Method), By Application(Antepartum, Intrapartum), By End User(Hospitals, Obstetrics & Gynecology Clinics, Home Care Settings), By Region - Industry Forecast 2024-2031

Fetal Monitoring Market Drivers

Increasing Prevalence of Preterm Birth 

• Much research has shown that there is an increase in preterm births mainly owing to hypertension, prolonged pre-labor rupture of membranes, and antepartum hemorrhage due to which fetal monitoring is vital. Problems like multiple gestations, short cervixes, UTI, and placenta previa are also leading to preterm birth, making fetal monitoring significant during pregnancies. According to WHO, almost 15 million preterm births happen each year, and nearly 1 million babies die every year after birth. Furthermore, preterm birth can also happen due to many neurological or physical disabilities, making fetal monitoring extremely important.  

Increasing Average Age of Conceiving Leading to Complications  

• Nowadays, the problem of delayed childbirth is becoming more pronounced. This is because the older the maternal age, the higher the risks of a variety of pregnancy complications, such as gestational diabetes, preeclampsia, and placental abnormalities. An increased maternal age is also linked to the higher possibilities of chromosomal abnormalities in the fetus, necessitating more frequent and intense monitoring throughout the pregnancy. As a result, healthcare professionals are more dependent on sophisticated technologies of fetal monitoring, which allow to timely detect and address potential issues and ensure the health and safety of the mother and the baby. Therefore, the increasing maternal age and the rise of pregnancy-related complications are one of the principal factors driving the demand for fetal monitoring. 

Fetal Monitoring Market Restraints 

High Expense of Fetal Monitoring Devices 

• The advanced fetal monitoring devices can be expense purchase and maintain. The cost of the initial purchase of the equipment and maintenance could be a huge burden to healthcare facilities in resource-limited settings. The high cost of these devices deters many healthcare providers from adopting or updating their fetal monitoring technology. This the expensive nature of fetal monitoring devices is restraining the market growth. 

Increasing Demand for Refurbished Products 

• Availability of refurbished fetal monitoring products is the key restraining factor for market growth This is the factors why several small and medium-sized hospitals, especially in cost-sensitive developing countries are going for refurbished systems. Due to cost-effectiveness, many small and medium-sized hospitals prefer refurbished systems, especially in developing countries as they are price-sensitive markets. These factors are causing demand for refurbished fetal monitoring, a fetal monitoring market trend that is likely to develop in the years ahead. This is because they offer similar functionalities to new equipment without the associated cost. This will restrict the sales of companies providing branded fetal monitoring products offering within the market.