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The intrapartum monitoring devices market is estimated to grow at a CAGR of 6.36% between 2022 and 2027. The size of the market is forecasted to increase by USD 970.11 million. The growth of the market depends on several factors, including the rising incidence of preterm births, high demand for maternal care devices, and market expansion in emerging economies.
This report extensively covers market segmentation by end-user (hospitals, maternity clinics/obstetrics clinics, and others), product (electrodes and monitors), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising incidence of preterm births is notably driving the market growth, although factors such as stringent regulatory requirements may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Intrapartum Monitoring Devices Market Driver
The rising incidence of preterm births is notably driving the intrapartum monitoring devices market growth. A preterm birth or premature birth is defined as the birth of a baby before 37 weeks of gestation. This condition is generally caused by factors such as an interval duration of six months between pregnancies, conceiving through in-vitro fertilization, infections in amniotic fluid and lower genital tract, multiple miscarriages or abortions, multiple pregnancies, and chronic conditions such as diabetes and high blood pressure during delivery. The incidence of preterm births increased in 2021. For instance, as per the CDC, in 2021, the preterm birth rate increased to 10.48% from 10.09% in 2020.
Premature births are associated with high neonatal mortality, short- or long-term morbidities, and disabilities such as cerebral palsy, sensory impairments, learning disabilities, breathing problems, delay in developmental stages, and respiratory illnesses. Initiatives by the World Health Assembly and United Nations International Children Emergency Fund (UNICEF) aim to improve obstetric and neonatal care units with high-end equipment such as intrapartum monitoring devices. These devices help gynecologists in monitoring the health status of the mother and fetus during pregnancy. Hence, the growing incidence of preterm births will fuel the growth of the global intrapartum monitoring devices market during the forecast period.
Significant Intrapartum Monitoring Devices Market Trend
Technological advances in intrapartum monitoring devices are a key trend influencing the intrapartum monitoring devices market growth. There have been various technological advances and innovations in intrapartum monitoring devices have witnessed various technological advances and innovations. Such advances have improved the efficiency of the existing devices and have led to the introduction of novel, non-invasive devices.
Several manufacturers have developed next-generation portable or wireless intrapartum monitoring devices. For instance, STAN fetal heart monitor by BMA helps in the continuous detection of fetus ECG waveform during labor. Similarly, MERIDIAN M110 Fetal Monitoring System by Mindchild Medical is an intrapartum fetal monitor that measures and displays the FHR, maternal heart rate (MHR), and uterine contractions. Vendors are focusing on developing FHR radiofrequency technology, which emits a low-energy electromagnetic signal to detect heartbeats. Thus, advances in technology will increase the demand for intrapartum monitoring devices, which will propel the market growth during the forecast period.
Major Intrapartum Monitoring Devices Market Challenge
Stringent regulatory requirements may impede the intrapartum monitoring devices market growth. Some of the issues associated with intrapartum monitoring devices are design faults, malfunctioning, and technical errors. Such errors can lead to misdiagnosis or incorrect treatment. Hence, manufacturers have to adhere to stringent government regulations. Regulatory bodies such as the US FDA are involved in the approval of such devices and their components.
Intrapartum monitoring devices come under Class I and Class II medical devices. However, their approval is a time-consuming process. For example, to obtain premarket approval, a company has to pay at least USD 62,000 to the FDA, and the approval procedure takes a long time. During this period, there are chances of rejections, which can lead to financial losses for manufacturers, as they invest significantly in R&D. Moreover, each country has a different regulatory requirement. Stringent government guidelines can slow down the launch of new products, which affects the sales and revenue of vendors. Such factors can hinder market growth during the forecast period.
Key Intrapartum Monitoring Devices Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Intrapartum Monitoring Devices Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hospitals segment will be significant during the forecast period. High-end private hospitals and general government hospitals are the end-users of intrapartum monitoring devices. High-end private hospitals have the latest diagnostic and therapeutic intrapartum monitoring devices. They employ highly skilled physicians and technicians to cater to the needs of high-income patients. However, general government hospitals have severe budget constraints. Hence, they depend on medium-sized diagnostic centers to diagnose patients.
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The hospitals segment was valued at USD 1,274.74 million in 2017 and continued to grow until 2021. The increasing demand for advanced intrapartum monitoring devices, the focus on improving the infrastructure of healthcare facilities, and the rise in the number of well-equipped healthcare facilities will increase the demand for portable intrapartum monitoring devices. This, in turn, is expected to fuel the demand for intrapartum monitoring devices in the hospital segment during the forecast period.
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North America is estimated to account for 39% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The growth of the market in North America is attributed to factors such as the use of advanced intrapartum monitoring devices and the presence of several vendors in the US. In Canada, technological advances in portable and wireless intrapartum monitoring devices and the growing education on fetal healthcare status through the Canadian Fetal Health Surveillance Program and the Canadian Premature Babies Foundation (CPBF) have increased the adoption of wireless intrapartum monitoring devices in maternity clinical settings. In Mexico, factors such as increasing hospital budgets, a growing number of hospitals and maternity centers that adopt intrapartum monitoring devices, a high neonatal mortality rate, and the growing demand for high-tech neonatal screening devices and maternity care facilities are driving the growth of the intrapartum monitoring devices market.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 in 2020 resulted in industry closures, which affected economic growth. Moreover, due to the focus on treating COVID-19, the funding for R&D related to intrapartum monitoring devices was reduced, which had a negative impact on the market growth in 2020. However, owing to the initiation of vaccination drives, the market is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global intrapartum monitoring devices market as a part of the Health Care Equipment market, which covers products and companies engaged in the R&D of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Technavio calculates the global healthcare equipment market size based on the combined revenue generated by manufacturers of various diagnostic equipment and devices used across the therapy areas. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Intrapartum Monitoring Devices Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.36% |
Market growth 2023-2027 |
USD 970.11 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.2 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, Germany, France, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Analogic Corp., Becton Dickinson and Co., Bionet Co. Ltd., Cardinal Health Inc., EDAN Instruments Inc., General Electric Co., General Meditech Inc., Halma Plc, Heal Force Biomeditech Holdings Ltd., Koninklijke Philips NV, Mediana Co. Ltd., Medtronic Plc, Mindchild Medical Inc., Nemo Healthcare BV, Siemens AG, Sino Hero (Shenzhen) Bio Medical Electronics Co. Ltd., Stryker Corp., The Cooper Companies Inc., TOITU CO. Ltd., and Ultrasound Technologies Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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