The global fetal monitoring bands market is expected to grow at a CAGR of 3.27% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increasing acquisition of specialized hospitals by tier 1 hospitals. The increasing acquisitions of small hospitals have contributed to the growth of the global fetal monitoring bands market. Tier 1 hospitals acquire smaller specialized hospitals, which helps in training of the healthcare professionals, including the nurses and physicians. As small hospitals get acquired by larger ones, pregnant women are provided with a range of patient monitoring equipment such as ultrasound systems, Doppler benchtop systems, and portable fetal monitoring devices, which require fetal monitoring bands to hold the sensors and transducers in place.
According to the report, one of the major drivers for this market is increasing cases of preterm births and stillbirths worldwide. A premature birth, also known as a preterm birth, can be defined as a birth that takes place more than three weeks before the estimated date of delivery. It can occur before the start of the 37th week or after 259 days of gestation, instead of 40 weeks, which is the usual period for pregnancy. A premature birth allows the newborn lesser time to develop in the womb. Premature babies often have health problems, especially those born the earliest. Most of the health problems associated with preterm births can be easily diagnosed by the use of fetal monitoring devices.
Further, the report states that one of the major factors hindering the growth of this market is decreasing fertility rates. The total fertility rate (TFR) of a population is the average number of children who would be born to a woman during her lifetime if she was to experience the exact current age-specific fertility rates throughout her lifetime and if she was to survive from birth through the end of her reproductive life. TFR across the world has been decreasing over the past years, which has lowered the number of births. This can adversely affect the global fetal monitoring bands market in terms of diminishing number of users.
- BeoCare Group
- Feta Med
- Medline Industries
- The Cooper Companies
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