San Francisco, 3 October 2018: According to a report published by Grand View Research, Inc., global intrapartum monitoring devices market is anticipated to reach USD 2.83 billion by 2025. Growing requirement for advanced medical devices to reduce maternal and infant mortality rate is anticipated to propel the market over the forecast period (2014 to 2025). Intrapartum monitoring devices offer safety, cost-effectiveness and technical feasibility in terms of maternal care.
Rising awareness regarding complications during childbirth and efforts towards provision of adequate medical facilities to prevent them can drive the global market. High demand for obstetric monitoring and other infant care facilities to reduce infant mortality can augment expansion of the market for intrapartum monitoring devices in the forthcoming years. Prevalence of obesity and Gestational Diabetes Mellitus (GDM) are also anticipated to fuel the growth during the forecast period. However, unaffordability of maternal care services among women living in low income countries can restrain market growth.
The worldwide intrapartum monitoring devices market can be segregated on the basis of type and region. Based on type, the market can be categorized into electrodes and monitors. Electrodes can be segmented further into intrauterine pressure catheter, fetal scalp electrodes, transducer for Fetal Heart Rate (FHR) and transducer for uterine contractions. The electrodes segment is expected to hold the largest market share over the forecast period owing to high purchase volumes.
The monitor segment is projected to witness fastest CAGR during the forecast period. Electronic fetal monitors provide numeric data about FHR and transducer for uterine action (UA) allowing monitoring of fetal situation, early detection of abnormality, and prevention of complications.
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Electrodes in intrapartum monitoring can be either externally attached or minimally invasive for internal fetal monitoring. Transducer for uterine contractions and transducer for FHR come under external fetal monitoring electrodes. Whereas, intrauterine pressure catheters and fetal scalp electrodes come under internal fetal monitoring electrodes. In 2016, fetal scalp electrodes held the largest market share. High demand for internal monitoring in mothers suffering from obesity and GDM fueled product demand. However, transducers for FHR are likely to witness significant growth during the forecast period.
Regional segmentation includes Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. In 2016, North America dominated the market and accounted for the largest market share. Growing cases of obesity and premature births are likely to positively influence demand for intrapartum monitoring devices in the region. According to the World Health Organization (WHO) and Health Canada, the obesity rate among women 18.7% in 2014. Obese women are more likely to face complications during childbirth. Mortality rate of maternal and infant is expected to be lower in Canada compared to U.S. Supportive government initiatives to provide advanced maternal care solutions is anticipated to propel regional market growth.
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In Europe, the intrapartum monitoring devices market is anticipated to witness significant growth owing to rising population of women. Total number of population in European Union is expected to be more than 738 million. Growing concerns of European Health Commission regarding improvement of maternal care is anticipated to reduce mortality rate among infants and maternal in the region. This, in turn, can fuel growth of the regional market in near future.
In Asia Pacific, the market is expected to witness the fastest CAGR during the forecast period. India and China account for the largest global population. High number of patients is likely to provide lucrative growth opportunities for the regional market. Rising demand for advanced maternal care and growing cases of premature birth complications is estimated to stimulate growth over the forecast period. In addition, local governments are focusing on premature birth rate and on controlling maternal and infant mortality rate, which in turn, can fuel regional market growth.
Some of the leading companies in the intrapartum monitoring devices market are Medtronic plc, Olympus Corporation, Analogic Corporation, GE Healthcare, and Stryker Corporation. Most companies are likely to take strategic initiatives such as mergers and acquisitions (M&A) and development of new products to expand their product portfolio. In addition, companies are also looking to sign partnerships with other companies to expand their geographic foothold.
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