Global demand for fetal and neonatal heart monitors stands at US$ 8.9 billion in 2023 and is predicted to increase at a healthy 5.5% CAGR over the next ten years. By 2033-end, the global fetal and neonatal heart monitor market is thus expected to secure US$ 15.2 billion in revenue.
The growing demand for preterm infant care and intensive monitoring of pregnant women are the primary drivers of the growth of the global fetal and neonatal heart monitor market. Moreover, technological advancements in the fetal and neonatal heart monitor market, such as three–dimensional imaging, are likely to offer numerous growth opportunities in the market. The demand for fetal and neonatal heart monitors is expected to grow significantly in the forecast period.
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Fetal and Neonatal Heart Monitor Market Key Takeaways:
- The global fetal and neonatal heart monitor market is expected to witness significant growth during the forecast period. This growth can be attributed to factors such as increasing birth rate, rise in infant mortality rate, and favorable government policies & initiatives.
- Based on product type, the fetal heart monitor segment held the major share of the market in 2021. However, due to the rising demand for advanced fetal and neonatal monitoring solutions, the neonatal heart monitor segment is expected to grow at a higher CAGR during the forecast period.
- North America dominated the global fetal and neonatal heart monitor market in 2021 due to the presence of a large number of market players.
- Asia Pacific is also expected to register healthy growth during the forecast period owing to the increasing awareness about the importance of monitoring.
- Some of the key players in the fetal and neonatal heart monitor market include Medtronic, Natus Medical Incorporated, Nonin Medical, Inc., Philips, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Spacelabs Healthcare, and GE Healthcare amongst others.
Fetal and neonatal heart monitor Market Key Players:
- GE Healthcare
- Philips Healthcare
- Natus Medical
- Siemens Healthcare
- Medtronic
- Shenzhen MindrayBio-Medical Electronics Co., Ltd.
- Spacelabs Healthcare
- Drägerwerk AG & Co. KGaA
- Nonin Medical, Inc
- Opto Circuits (India) Ltd.
Key Segments of Fetal and Neonatal Heart Monitor Industry Research:
· By Product Type :
- Cardiotocograph
- Dopplers
- Accessories
· By Modality :
- Tabletop Devices
- Portable & Handheld Devices
· By End User :
- Hospitals
- Neonatal Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
· By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Questionnaire answered in the Market outlook Report of Fetal and neonatal heart monitor include:
- What is the global market size of fetal and neonatal heart monitors?
- What are the primary drivers of growth and challenges in the fetal and neonatal heart monitor market?
- What is the market share of key vendors in the global fetal and neonatal heart monitor market?
- What is the market share of different types of fetal and neonatal heart monitors?
- What are the major sources of revenue for the vendors in the fetal and neonatal heart monitor market?
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