Wireless Fetal Monitoring System Growth Driven by Increasing Awareness Among Pregnant Women

The global wireless fetal monitoring system is expected to expand at a CAGR of 6.8 percent from 2018–2026, to reach a market value of USD 2099.9 million by 2026 end. On the basis of product type, the instruments have the highest demand, owing to the higher response rate of in wireless fetal monitoring systems. Based on end user, the hospitals segment is said to hold major market share and registering CAGR of 6.6 percent. On the basis of region, North America region dominated the wireless fetal monitoring systems which is estimated to measure around 35.3 percent of the global market in 2018 and is expected to continue to dominate the overall market partly due to technological advancement and entry of players into the market by launching different products.

Global wireless fetal monitoring systems is highly fragmented market owing to the presence of various companies such as 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. Companies are focusing on collaboration to develop new technological advanced products for fetal monitoring. The product type segment of wireless fetal monitoring systems will be boosted by its higher response rate and increasing research activities come up with new product type which leading to inorganic growth in industry players. – Persistence Market Research