Europe Fetal and Neonatal Monitoring Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 6.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Fetal and Neonatal Monitoring Market Analysis
The Europe fetal and neonatal monitoring market is expected to register a CAGR of 6.2% over the forecast period.
COVID-19 had a significant impact on the growth of the market owing to the strict regulation imposed on the European population. Due to such stringent regulations, the demand for fetal and neonatal monitors was impacted during the initial phase of the pandemic outbreak. Though newborns are at lower risk of developing COVID-19 infection, the utmost care, and monitoring are required, which involves continuous monitoring of blood oxygen levels and heartbeat. Thus, the COVID-19 pandemic has boosted the demand for fetal and neonatal monitoring, and the market is expected to follow the same traction during the forecast period of the study.
Fetal and neonatal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions to examine fetal health during labor and delivery. These devices are thus designed for the unique needs of newborn babies. The prevalence of preterm births has increased in recent decades, and these preterm newborns are found to be prone to various diseases and infections. For instance, according to the research article published in the European Journal of Pediatrics, in 2021, the estimated rate of preterm births in Europe was 8.7, which is one of the major causes of death in early childhood in the region. Preterm babies often require special care in the neonatal intensive care unit (NICU), owing to which the demand for neonatal devices is also increasing, which is expected to act as a key driving force for the studied market.
Additionally, the increasing strategic activities by various market players, such as product launches and developments coupled with awareness activities in Europe regarding fetal and neonatal monitoring, are also expected to contribute to the growth of the market over the forecast period. For instance, in May 2021, Medtronic plc launched the SonarMed airway monitoring system. The Sonarmed airway monitoring system utilizes acoustic technology to check for endotracheal tube obstruction and verify position in real-time, giving clinicians vital information required to make more informed, life-saving decisions for Neonates and Infants. Moreover, in March 2022, International Patient Organization for Primary Immunodeficiency (IPOPI) and International Society for Neonatal Screening (ISNS), and the European Society for Immunodeficiencies (ESID) launched the Screen4Rare website. It is a multi-stakeholder platform aiming to exchange knowledge and best practices on newborn screening for rare diseases. Such launches by various organizations are expected to increase awareness among the European population regarding fetal and neonatal health monitoring, thereby contributing to the growth of the market. Hence, these newborns are kept under surveillance using monitoring equipment. These factors have increased the demand for monitoring devices and equipment, which has also driven technological advancements in the equipment.
Thus, the high prevalence of preterm births, frequent product launches, and rising awareness among the European population are expected to fuel the growth of the market over the forecast period. However, the regulatory guidelines for market approval are also very stringent, which dissuades many manufacturers from entering the region.
Europe Fetal and Neonatal Monitoring Market Trends
This section covers the major market trends shaping the Europe Fetal & Neonatal Monitoring Market according to our research experts:
Pulse Oximeters Segment is Expected to Hold Significant Share in the Market Over the Forecast Period
A pulse oximeter is a device that is used to estimate the oxygen saturation of the blood and pulse rate in neonates. Pulse Oximetry screening is done after 24 hours after birth to allow the baby's heart and lungs to fully adjust to life outside the birth mother. This is a vital instrument in the care of infants and children with cardio-pulmonary disease. Factors such as the high burden of diseases among neonates and the growing demand for early diagnosis are also expected to drive the growth of the studied segment. For instance, as per the NCBI article published in April 2022, neonatal screening in Germany currently comprises 19 congenital diseases, 13 of which are metabolic diseases. Approximately 1300 newborns suffer from one of these target diseases. Therefore, the high risk of diseases in neonatal and the incidence of preterm births in the region is boosting the segment growth.
The increasing awareness and advanced product launches in this region are anticipated to boost segment growth over the forecast period. For instance, in November 2021, Masimo launched the Dual SET pulse oximetry for root, a versatile patient monitoring and connectivity hub. The first application of Dual SET oximetry is a significant advancement for critical congenital heart disease in newborns. Additionally, in February 2021, Medtronic plc completed its study on Newborns using Nellcor Pulse Oximetry Technology and revealed that a stable signal was obtained from all 60 newborns with the Nellcor pulse oximeter, thus suggesting this device is a simple, noninvasive bedside monitoring device for neonates in the detection of oxygen saturation levels and heart rate. Thus, owing to the aforementioned factors, rising demand for pulse oximeters, and the launch of advanced products, the studied segment is expected to register a notable CAGR over the forecast period in the region.
United Kingdom is Expected to Hold the Significant Share in the Market Over the Forecast Period
The United Kingdom is expected to hold a significant share in the Europe fetal and neonatal monitoring market over the forecast period owing to the rising number of births and favorable government policies, and increasing awareness campaigns regarding neonatal healthcare. For instance, according to the Office for National Statistics data published in 2022, there were 625,008 live births in 2021, an increase of 1.5% from 615,557 live births in 2020. Such an increase in birth is expected to boost the demand for fetal and neonatal monitoring systems in the United Kingdom.
Moreover, the rising number of favorable policies for fetal and neonatal care and awareness campaigns in the United Kingdom are expected to fuel the growth of the market in this country. For instance, in September 2022, Dentsu UK&I launched a dedicated policy designed to support parents of babies born prematurely or critically ill and receiving neonatal care in the hospital, enabling them to spend more time together. Also, in September 2021, a Neonatal Intensive Care Unit awareness campaign was conducted in the United Kingdom to raise awareness of neonatal care and support impacted families. Hence, owing to the aforementioned factors, such increase in the birth rate and favorable policies, the studied market is expected to witness growth over the forecast period in the region.
Europe Fetal and Neonatal Monitoring Industry Overview
The Europe fetal and neonatal monitoring market is fragmented, with several players in the market. Some of the strategies implemented include agreements, collaborative models, business expansion, and product development. Some of the major players are Draegerwerk AG & Co. KGaA, FUJIFILM SonoSite Inc., Medtronic Plc, and Koninklijke Philips NV.
Europe Fetal and Neonatal Monitoring Market Leaders
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Medtronic Plc
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Koninklijke Philips NV
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Siemens Healthineers
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Draegerwerk AG & Co. KGaA
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Becton, Dickinson and Company
*Disclaimer: Major Players sorted in no particular order
Europe Fetal and Neonatal Monitoring Market News
- January 2022: Nuvo Group partnered with Charite- Universitatsmedizin Berlin to establish a remote fetal surveillance protocol for Europe and study predictive analysis to improve health outcomes in the future.
- May 2021: Raydiants Oximetry received a grant of USD 3 million from the Ireland government in order to develop innovative fetal monitors to improve outcomes for mothers and babies during childbirth.
Europe Fetal and Neonatal Monitoring Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Number of Preterm and Low-weight Births
- 4.2.2 Advancing Technology in Fetal and Prenatal Monitoring
-
4.3 Market Restraints
- 4.3.1 Stringent Regulatory Procedures
-
4.4 Porter Five Forces
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
-
5.1 By Product Type
- 5.1.1 Fetal Monitoring Devices
- 5.1.1.1 Heart Rate Monitors
- 5.1.1.2 Uterine Contraction Monitor
- 5.1.1.3 Pulse Oximeters
- 5.1.1.4 Other Fetal Monitoring Devices
- 5.1.2 Neonatal Monitoring Devices
- 5.1.2.1 Cardiac Monitors
- 5.1.2.2 Capnographs
- 5.1.2.3 Blood Pressure Monitors
- 5.1.2.4 Pulse Oximeters
- 5.1.2.5 Other Neonatal Monitoring Devices
-
5.2 By End User
- 5.2.1 Hospitals
- 5.2.2 Neonatal Care Centers
- 5.2.3 Other End-users
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 United Kingdom
- 5.3.3 France
- 5.3.4 Spain
- 5.3.5 Italy
- 5.3.6 Rest of the Europe
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 Draegerwerk AG & Co. KGaA
- 6.1.2 FUJIFILM SonoSite Inc.
- 6.1.3 Medtronic Plc
- 6.1.4 Koninklijke Philips NV
- 6.1.5 Siemens Healthineers
- 6.1.6 GE Healthcare
- 6.1.7 Becton, Dickinson and Company
- 6.1.8 Natus Medical Incorporated
- 6.1.9 CooperSurgical Inc.
- 6.1.10 Pheonix Medical Systems Pvt Ltd
- 6.1.11 Cardinal Health
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEurope Fetal and Neonatal Monitoring Industry Segmentation
As per the scope of the report, fetal and neonatal monitoring devices are the devices used for monitoring and designed to take care of the unique needs of unborn fetal and newborn babies. The Europe Fetal Neonatal Monitoring Market is segmented By Product Type (Fetal Monitoring Devices (Heart Rate Monitors, Uterine Contraction Monitors, Pulse Oximeters, and Other Fetal Monitoring Devices) and Neonatal Monitoring Devices (Cardiac Monitors, Capnography, Blood Pressure Monitors, Blood Pressure Monitors, Pulse Oximeters and Other Neonatal Monitoring Devices)), End-User (Hospitals, Neonatal Centers And Other End Users) and Geography (Germany, United Kingdom, France, Spain, Italy and Rest of Europe). The report offers the value (in USD million) for the above segments.
| By Product Type | Fetal Monitoring Devices | Heart Rate Monitors |
| Uterine Contraction Monitor | ||
| Pulse Oximeters | ||
| Other Fetal Monitoring Devices | ||
| By Product Type | Neonatal Monitoring Devices | Cardiac Monitors |
| Capnographs | ||
| Blood Pressure Monitors | ||
| Pulse Oximeters | ||
| Other Neonatal Monitoring Devices | ||
| By End User | Hospitals | |
| Neonatal Care Centers | ||
| Other End-users | ||
| Geography | Germany | |
| United Kingdom | ||
| France | ||
| Spain | ||
| Italy | ||
| Rest of the Europe |
Europe Fetal and Neonatal Monitoring Market Research FAQs
What is the current Europe Fetal and Neonatal Monitoring Market size?
The Europe Fetal and Neonatal Monitoring Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Europe Fetal and Neonatal Monitoring Market?
Medtronic Plc, Koninklijke Philips NV, Siemens Healthineers, Draegerwerk AG & Co. KGaA and Becton, Dickinson and Company are the major companies operating in the Europe Fetal and Neonatal Monitoring Market.
What years does this Europe Fetal and Neonatal Monitoring Market cover?
The report covers the Europe Fetal and Neonatal Monitoring Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Europe Fetal and Neonatal Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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