North America Fetal and Neonatal Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Fetal and Neonatal Monitoring Market Analysis
The North American fetal and neonatal monitoring market is expected to register a CAGR of 6.5% over the forecast period.
The COVID-19 pandemic had a significant impact on the fetal and neonatal monitoring market. According to the research article published in the Journal of Perinatology, 2020, low rates of perinatal transmission of the COVID-19 virus among neonates born to SARS-CoV-2 positive mothers were observed. However, as per the National Registry for Surveillance and Epidemiology of Perinatal COVID-19 Infection (NPC-19), 2020, an incidence of 44 COVID-19 positive cases were observed out of 2287 neonates born to mothers with confirmed SARS-CoV-2 infection. Though newborns are at lower risk of developing the infection, utmost care, and monitoring are required in instances of COVID-19 infection among infants, which majorly involves continuous monitoring of blood oxygen levels and heartbeat. In this context, the studied market is expected to be significantly impacted during the pandemic.
Fetal & neonatal monitoring is important in delivering life-sustaining, non-invasive, and developmentally supportive care to neonates and in providing a quiet and serene environment to protect the development of the fetus. The major share of the region in the market growth can be attributed to the fast-growing birth rate, preterm births, and expanding population.
According to the Centers for Disease Control and Prevention (CDC), in 2020, about 1 in 10 babies was born too early in the United States. This indicates the high number of preterm births in the country, which ultimately increases the demand for incubator devices. With the rise of preterm birth numbers, the demand for the rise in fetal and neonatal care equipment also increases, which is likely to drive the market in the region.
Additionally, increasing product approvals are expected to drive market growth. 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.
Thus the above-mentioned factors are expected to drive the growth of the market during the forecast period.
North America Fetal and Neonatal Monitoring Market Trends
This section covers the major market trends shaping the North America Fetal & Neonatal Monitoring Market according to our research experts:
Cardiac Monitors Segment is expected to Grow with a High CAGR During the Forecast Period
A neonatal cardiac monitor is designed to continuously measure and display multiple vital physiological parameters of newborn and premature infants, especially those under critical care. The neonatal monitoring system is capable of monitoring parameters such as electrocardiogram, respiration rate, heart rate, blood pressure, peripheral capillary oxygen saturation (SpO2), and body temperature. Neonatal monitoring instruments such as Cardiac monitors are used in neonatal intensive care units (NICU), emergency rooms, and operating theatres at all levels of hospitals for continuous monitoring of neonates and infants.
Most of the babies admitted to the NICU are preterm babies, born before 37 weeks of gestational period or with a birth weight of fewer than 5.5 pounds. Preterm babies are more prone to infections and diseases and require more care.
Additionally, preterm births among African-American women accounted for 14.4% of all preterm births in the United States, which was about 50% higher than the rate of preterm births among white (9.3%) or Hispanic women (10%). Premature babies in the NICU are fragile and at risk of sudden changes in oxygenation and carbon dioxide levels, which can cause severe complications. Continuous measurement of blood gases, heart rate, and other vital parameters can be performed with neonatal monitoring devices. Additionally, increasing product approvals are expected to drive market growth.
United States Holds the Major Share, and it is Expected to Dominate the Market Over the Forecast Period
The United States is found to promote research and development for fetal and neonatal medical devices and hence, has very high expenditures on healthcare. As a result of these policies, many companies globally are encouraged to operate in this region. Moreover, most of the population in developed countries like the United States are covered under medical and health insurance and can afford these care units. Hence, the United States region is expected to cover a large share of the neonatal intensive care market. As per the data published by the Centers for Medicare & Medicaid Services (CMS), in the United States, national healthcare spending is projected to grow at an average rate of 5.5% per year by 2027, reaching nearly USD 6.0 trillion by 2027. Healthcare spending is projected to grow 0.8% faster than the GDP per year by 2027. As a result, the healthcare share of GDP is expected to rise to 19.4% by 2027.
Additionally, the increasing adoption of fetal and neonatal monitoring devices by Hospitals in the United States is also expected to contribute to the growth of the market. For instance, in November 2021, Saratoga Hospital in New York United States received Neonatal Cardiac Monitors for the mother and will provide advanced cardiac monitoring to the newborns.
Similarly, in September 2020, Chilidren Health of Orange Country (CHOC) Children's Hospital launched an innovative telehealth program to help improve the short and long-term outcomes of high-risk patients with complex congenital heart defects.
Thus, the above-mentioned factors are expected to drive the growth of the market in the United States during the forecast period.
North America Fetal and Neonatal Monitoring Industry Overview
The majority of the fetal and neonatal monitoring equipment and devices are being manufactured by the key players. The key players of the studied market comprise Medtronic PLC, Becton, Dickinson and Company, Koninklijke Philips NV, GE Company (GE Healthcare), and Siemens Healthineers, among others.
North America Fetal and Neonatal Monitoring Market Leaders
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Koninklijke Philips NV
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Medtronic Plc
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GE Healthcare
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Becton, Dickinson and Company
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Siemens Healthineers
*Disclaimer: Major Players sorted in no particular order
North America Fetal and Neonatal Monitoring Market News
- In September 2022, Pxierra launched the Artificial Intelligence (AI) baby monitor. This device is designed to provide non-contact heart rate and breathing rate measurements, making it easier and more convenient for patients to keep track of their newborns' vital signs.
- In June 2021, Nuvo Group received the United States Food and Drug Administration approval for the expanded utility of its INVU, which is a prescription-initiated remote pregnancy monitoring platform for the addition of a new uterine activity module that enables remote monitoring of uterine activity.
North America 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
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4.2 Market Drivers
- 4.2.1 Increasing Number of Preterm and Low-weight Births
- 4.2.2 Advanced Technology in Fetal and Prenatal Monitoring
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4.3 Market Restraints
- 4.3.1 Stringent Regulatory Procedures
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4.4 Porter's Five Force Analysis
- 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)
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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
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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 United States
- 5.3.2 Canada
- 5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Becton, Dickinson and Company
- 6.1.2 Medtronic Plc
- 6.1.3 GE Healthcare
- 6.1.4 Natus Medical Incorporated
- 6.1.5 CooperSurgical Inc.
- 6.1.6 Koninklijke Philips NV
- 6.1.7 Draegerwerk AG & Co. KGaA
- 6.1.8 FUJIFILM Holdings Inc
- 6.1.9 Masimo Corporation
- 6.1.10 Siemens Healthineers
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Fetal and Neonatal Monitoring Industry Segmentation
As per the scope of the report, fetal and neonatal monitoring devices machines used for monitoring and designed to take care of the unique needs of unborn fetal and newborn babies. The North America Fetal and Neonatal Monitoring Market is segmented by Product (Fetal Monitoring Devices and Neonatal Monitoring Devices), End-User (Hospitals, Neonatal Care Centers, and Others End Users) and Geography (United States, Canada and Mexico). 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 | United States | |
| Canada | ||
| Mexico |
North America Fetal and Neonatal Monitoring Market Research FAQs
What is the current North America Fetal and Neonatal Monitoring Market size?
The North America Fetal and Neonatal Monitoring Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in North America Fetal and Neonatal Monitoring Market?
Koninklijke Philips NV, Medtronic Plc, GE Healthcare, Becton, Dickinson and Company and Siemens Healthineers are the major companies operating in the North America Fetal and Neonatal Monitoring Market.
What years does this North America Fetal and Neonatal Monitoring Market cover?
The report covers the North America Fetal and Neonatal Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Fetal and Neonatal Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Fetal and Neonatal Monitoring Industry Report
Statistics for the 2024 North America Fetal and Neonatal Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Fetal and Neonatal Monitoring analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
