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Wireless Fetal Monitoring Systems Market Segmented By Instruments, Accessories and Consumables Product with Fetal Heart Rate Monitoring, Intrauterine Pressure Monitoring
Wireless fetal heart monitoring system is an innovative system that can monitor the heart rate and movement of the fetal and help reduce the risk of fetal deaths and major health issue in pregnancy. The wireless fetal monitoring system play an important role in preventing the heart failure of the fetal and saving the life of both mother and fetal.
Wireless fetal heart monitoring system also provides freedom of movement to the mothers and can be operated from long distances due to the Bluetooth technology. The fetal monitoring system becomes an integral part of inpatient labor care unit in US as well as in other countries. Wireless fetal monitoring system manufacturers are focusing on promotional activities to create awareness among patients about the advantages of monitoring the fetal during pregnancy, especially for high BMI women. They are also conducting training programs for gynaecologist to enhance their skills for monitoring the fetal heart rate, which in turn is expected to drive the market for wireless fetal monitoring systems.
For instance, some companies that provide training for wireless fetal monitoring systems include Monica Healthcare (sub. of General Electric Company), and OBMedical Company, among others. The healthcare industry is growing at faster rate as the number of patients is increasing across the globe. Likewise, new transducers are available in the market that wire free and are capable of measuring the heart rate as well as the movement of the fetal.
The new wireless fetal monitoring system is capable of measuring uterine activity, maternal pulse, maternal ECG, fetal ECG, and intrauterine pressure (IUP). Also, the Bluetooth technology in the system helps to connect it at longer distance, and allows the mother move and simultaneously delivers accurate output.
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The global wireless fetal monitoring system estimated to be worth US$ 1,242.2 Mn by 2018 end and is expected to expand at a CAGR of 6.8% over the forecast period of 2018–2026. North America accounted for largest market share and was valued at US$ 438.4 Mn in 2018, and is expected to expand at a CAGR of 6.4% over the forecast period.
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Get a Customized VersionGrowth of the global wireless fetal monitoring system is primarily driven by increasing awareness among the pregnant women. Manufacturers are increasing their Market Share by Offering Products at Low Cost, Awareness Program for High BMI Pregnant women, Growing Demand for Real Time Monitoring, Technological Advancement and others. However, high cost of wireless fetal monitoring systems, substandard quality of products and others some factors expected to hamper the growth of the global wireless fetal monitoring system over the forecast period.
Based on product type, the market has been segmented into,
By Product Type
Instruments segment hold a significant share of around 66.2% in 2018 and is expected to dominate throughout the forecast period, registering higher CAGR as compared to other segments.
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Based on application, the market has been segmented into,
By Application Type
Fetal heart rate monitoring system hold a significant share of around 72.0% in 2018 and is expected to dominate throughout the forecast period, registering higher CAGR as compared to other segments.
Based on end user, the market has been segmented into,
By End User
Hospitals end user segment hold a significant share of around 54.8% in 2018 and is expected to dominate throughout the forecast period, registering higher CAGR as compared to other segments.
Geographically, North America is expected to be the dominant regional market by 2018 end and is expected to expand at a CAGR of 6.4% over the forecast period. Asia-Pacific is expected to be the fastest growing market in terms of revenue growth in the global wireless fetal monitoring systems, registering a CAGR of 7.3% over the forecast period.
Some key players in the global wireless fetal monitoring system included in this report are General Electric Company, Koninklijke Philips N.V., OBMedical Company, Huntleigh Healthcare Limited (ARJO Family), Sunray Medical Apparatus Co., Ltd., Dixion Vertrieb der Medizingeräte GmbH, Shenzhen Unicare Electronic Co., Ltd.,Shenzhen Jumper Medical Equipment Co.,Ltd., Shenzhen Aeon Technology Co., Ltd., Shenzhen Lai Kang Ning Medical Technology Co., Ltd., Mediana Co., Ltd.
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