Technology Advancement in Fetal Monitoring Market
The fetal monitoring market is expected to reach $2,346.4 million by 2019 from $1,688.7 million in 2014, at a CAGR of 6.8%. Major factors driving the growth of this market include increasing initiatives from government and non-government bodies for improving maternal/fetal health across the globe, rising company investments in the development of fetal monitors, increasing number of conferences and symposia, and technological advancements. However, high cost of equipment and stringent regulatory procedures are expected to restrain the growth of this market. Emerging economies such as India and China present an array of opportunities for the growth of this market. North America dominated the global market, with the U.S. accounting for a major market share. However, Asia is poised to grow at the highest CAGR during the forecast period, owing to government initiatives, rising focus of major market players on the Indian market, and increasing birth rate in this region. Prominent players in the fetal monitoring market are Analogic Corporation (U.S.), ArjoHuntleigh, Inc. (U.S.), Covidien PLC (U.S.), FUJIFILM SonoSite, Inc. (U.S.), GE Healthcare (U.K.), Natus Medical Incorporated (U.S.), Neoventa Medical (Sweden), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Spacelabs Healthcare, Inc. (U.S.).
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