Increasing advancements in technologies have prompted Intrapartum Monitoring Devices providers to transform services to a whole new level. As per market research and competitive intelligence provider Fact.MR, the market for intrapartum monitoring devices witnessed a staggering 7.5% CAGR from 2015 to 2021.
Consistent up-gradation of an intrapartum monitoring system to provide a seamless user experience is the need of the hour. By incorporating avant-garde breakthroughs, service providers are not only able to reduce operational costs, but also enhance their returns on investment. The intrapartum monitoring system market is likely to benefit from technological advancements and product innovation in the field of intrapartum monitoring devices.
Furthermore, changing compliance and governance requirements are also widening the scope of the intrapartum monitoring devices market whether it is to migrate, transform or build, deploying the right application strategy can work miracles. From 2022 to 2032, the Intrapartum Monitoring Devices market is forecast to grow 1.9x.
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Key Challenges Prevalent in the Global Intrapartum Monitoring Devices Market
High Costs associated with Monitoring Devices may Impede Growth
The intrapartum monitoring devices market is likely to benefit from technological advancements and product innovation in the field of fetal and maternal health monitoring fuels the growth of the market on the other hand high cost associated with surgical procedures may hinder the growth of the market.
One of the limiting factors which hinder the growth of intrapartum monitoring devices market is rising concern about radiation from monitors that can have an impact on patients’ health. Moreover, the lack of qualified obstetric professionals in developing countries will limit the intrapartum monitoring market growth in the coming years.
However, low awareness of the use of intrapartum devices is expected toper the market growth. The increasing adoption of out-of-hospital births is expected to be major restraining factor for growth of the market.
What is the Growth Outlook for Intrapartum Monitoring Devices in the U.S?
An Evolving Healthcare Sector increasing Demand
According to Fact.MR, demand for intrapartum monitoring devices in the U.S is likely to expand at a 6.6% value CAGR until 2032, forecast to yield an opportunity worth US$ 755.4 Million. Demand is further expected to be valued at US$ 1.6 Billion by the end of the said forecast period. Growth is attributed to the increasing prevalence of gynecological diabetes mellitus, and growing cases of obesity in women.
As women suffering from gynecological diabetes mellitus are also prone to intrapartum issues and preterm deliveries. Emerging as the pinnacle of global technological advancement in healthcare departments, the US is likely to present highly attractive growth opportunities for intrapartum monitoring device providers in the long–run.
Growth is attributed to the large patient population for target diseases, the strong presence of device manufacturers in the region, and the availability of significant R&D investments to support intrapartum system development.
The U.S continues to hold a leading share in the global intrapartum monitoring devices market, primarily fuelled by the increasing use of intrapartum monitoring devices in the healthcare sector owing to the developed healthcare system. The presence of many established players in the region shows the highest growth in the intrapartum monitoring devices market.
Which is to be the top product segment in the intrapartum monitoring devices market?
Electrodes to be a top Growth Driver
According to Fact.MR, electrodes are likely to remain the top product category, growing at a value CAGR of 5.9% from 2022-2032. The electrodes are further segmented into fetal scalp electrodes, an intrauterine pressure catheter, a transducer for Fetal Heart Rate, and a transducer for uterine contractions.
Demand is increasing due to their higher purchase volumes and increasing cases of preterm birth, and increasing diabetes cases in women. Thus the increasing cases of gestational diabetes mellitus lead to high demand for these monitoring devices and are expected to drive the market in the forecast period. On the other hand, the monitors segment is expected to exhibit the fastest growth rate over the forecast period.
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Competitive Landscape :
The global market for Intrapartum Monitoring Devices is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out, specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market.
- In March 2021 – CooperSurgicalannounced the acquisition of Safe Obstetric Systems, inventor of the patented single-use device, the Fetal Pillow®. The Fetal Pillow is designed to elevate a deeply impacted fetal head without injury during a fully dilated C-section (CSFD). With elevated rates of maternal morbidity and mortality, there is an increased focus on reducing maternal and fetal complications during delivery. In technically challenging clinical situations such as CSFD, the use of the Fetal Pillow may reduce maternal blood transfusion.
- In April 2022 Royal Philipsand Oulu University Hospital (Finland) announced a strategic partnership agreement to support the hospital’s ambitious OYS2030 renewal program. The program aims to transform the operations and facilities of Oulu University Hospital to meet the challenges of future specialized care. Philips is providing its latest image-guided therapy solutions and innovations to transform the diagnosis and treatment of patients, as well as maintenance, consultancy and financing services.
- In May 2022 – GE Healthcarehas an agreement with Pulsenmore, to accelerate global adoption of Pulsenmore’s homecare ultrasound solutions and will also support their goal to pursue U.S. FDA clearance and commercial expansion. GE Healthcare will also partner with Pulsenmore to distribute its products in Europe and other markets to develop ultrasound-based healthcare offerings that cater to the burgeoning homecare market.
Key Segments Covered in the Intrapartum Monitoring Devices Industry Report
Intrapartum Monitoring Devices Market by Product :
- Intrapartum Monitors
- Intrapartum Electrodes
- Fetal Scalp Electrodes
- Intrauterine Pressure Catheters
- Transducers for Fetal Heart Rate
- Transducers for Uterine Contractions
Intrapartum Monitoring Devices Market by Region :
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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