Fetal Monitoring Market Expected to Reach $6.2 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Fetal Monitoring Market," The fetal monitoring market size was valued at $3.4 billion in 2022, and is estimated to reach $6.2 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032. Fetal monitoring is a process in which equipment is used to continually record the fetus heartbeat and uterine contractions during labor. Electronic fetal monitoring is a continuous test that captures contractions as well as the heart rate of the baby.

The fetal monitoring market trends driven by technological advancements in recent years, rise in number of preterm births, and increase in the demand for fetal monitoring during pregnancy. Innovative monitoring devices with enhanced capabilities, such as wireless connectivity, data integration, and real-time monitoring, have improved the accuracy and efficiency of fetal monitoring. Technological advancements attract healthcare providers and lead to the adoption of advanced fetal monitoring systems. For instance, The ACUSON S3000 ultrasound system manufactured by Siemens AG is the ultra-premium system along with fully featured system and advanced technologies for superior image quality and workflow efficiency. Such advanced products available in the market drive the growth of the fetal monitoring market.  

In addition, high-risk pregnancies conditions such as preterm labor, multiple gestations (twins, triplets), and fetal growth restriction require intensive monitoring to ensure the safety of both the mother and the baby which is expected to drive the market growth. Fetal monitoring plays a vital role in identifying and managing complications associated with high-risk pregnancies, contributing to the growth of the fetal monitoring industry.  

Furthermore, many governments and healthcare organizations have implemented programs and initiatives to improve maternal and fetal health outcomes. These initiatives often include the provision of better healthcare infrastructure, increased access to prenatal care, and the promotion of fetal monitoring practices. Government support and funding for such initiatives further drive the fetal monitoring market. The fetal monitoring market share is segmented into product, method, portability, application, end user, and region. On the basis of product, the market is categorized into ultrasound, electronic fetal monitoring (EFM), accessories and consumables.   

The ultrasound segment dominated market share in 2022 and is expected to remain dominant during the forecast during the forecast period owing to advancements in ultrasound technologies and increase in number of post term pregnancy, multiple pregnancy and premature delivery cases leading to surge in demand for ultrasound system. Numerous advancements have been witnessed in ultrasound technology such as improved doppler ultrasonography, leading to improved outcomes for pregnancies at high risk.  

However, the electronic fetal monitoring (EFM) segment is expected to register the highest CAGR during the forecast period. This is attributed to the increasing adoption of advanced medical technologies, rise in awareness about the benefits of EFM, and the growing demand for more accurate and continuous monitoring of fetal health. 

On the basis of method, the market is bifurcated into invasive and non-invasive. The non-invasive segment accounted for the largest share in 2022 and is also expected to register the highest CAGR during the forecast period owing to advancements in fetal monitoring methods and high adoption of the non-invasive techniques such as external ultrasound and doppler imaging.  

On the basis of portability, the market is segregated into portable and non-portable. The non-portable segment accounted for the largest share in 2022 and is expected to remain dominant during the forecast period. Non-portable fetal monitoring devices are often larger and more advanced, allowing for more precise and continuous monitoring of fetal heart rate and uterine contractions that support the segment growth. 

However, the portable segment is expected to register the highest CAGR during the forecast period. This is attributed to advantages of non-portable devices such as mobility, remote monitoring, and convenience coupled with technological advancements and consumer preference, contributing to the continued growth and prominence of portable fetal monitoring devices. 

As per application, the fetal monitoring market share is segregated into intrapartum fetal monitoring and antepartum fetal monitoring. The antepartum fetal monitoring segment accounted for the largest share in 2022 and is expected to remain dominant during the forecast period owing to rise in demand for antepartum fetal monitoring as they provide early detection, high-risk pregnancy management, remote monitoring capabilities, and comprehensive assessment of fetal and maternal health.  

However, the intrapartum fetal monitoring segment is expected to register the highest CAGR during the forecast period owing to a rise in demand for intrapartum fetal monitoring as it is mostly carried out during the second and third trimesters of pregnancy. This application also reduces the incidences of stillbirths by routinely assessing the risk of fetal death in complicated pregnancies with preexisting maternal conditions leading to rise in demand for the intrapartum fetal monitoring.    

On the basis of end user, the fetal monitoring market analysis is categorized into hospitals and maternity hospitals and maternity hospitals, clinics, and others. The hospitals and maternity hospitals segment occupied the largest share in 2022. This is attributed to comprehensive healthcare facilities, access to advanced technology, skilled healthcare professionals, and ability to manage high-risk pregnancies in hospitals contributing to their dominant position in the market.  However, the others segment is expected to register the highest CAGR during the forecast period owing to a surge in trend toward home-based healthcare services as they are convenient, cost-effective, and patient preference. 

Region wise, North America dominated the fetal monitoring market size in 2022 owing to well-equipped and better financed hospitals and clinics, high adoption rate of technologically advanced products, and sophisticated healthcare infrastructure, presence of major key players, government support, and funding for maternal health. In addition, high awareness about prenatal care, rise in prevalence of high-risk pregnancies, technological advancements, and supportive government initiatives propel the market growth. These factors drive the growth of the fetal monitoring industry in the region.  

However, Asia-Pacific is anticipated to register the highest CAGR during the fetal monitoring market forecast period owing to rise in research and development activities, surge in cases of prebirth rates, growth in awareness about healthcare, increase in access to medical services, technological advancements, and supportive government initiatives.  

Key Findings of the Study  

• On the basis of product, ultrasound segment was largest contributor to the market in 2022.  
• On the basis of method, the non-invasive segment was largest contributor to the market in 2022.  
•  On the basis of portability, the non-portable segment was largest contributor to the market in 2022.  
• On the basis of application, the antepartum fetal monitoring segment was largest contributor to the market in 2022.  
• On the basis of end user, the hospitals and maternity hospitals segment dominated the market in terms of revenue in 2022.   
• Region wise, North America generated the largest revenue in 2022. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.