Global Fetal Monitoring Bands Market 2018-2022
About Fetal Monitoring Bands
A fetal monitoring band is defined as a flexible tubular band, which can be fitted over the midsection of a pregnant woman to hold the fetal monitoring device in place. The monitoring device measures vital signs of the fetus such as heart rate. It is also used during labor to measure muscle contractions of the uterus.
Technavio’s analysts forecast the global fetal monitoring bands market to grow at a CAGR of 3.27% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global fetal monitoring bands market for 2018-2022. To calculate the market size, the report considers the revenue generated from the of retail sales of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fetal Monitoring Bands Market 2018-2022
Technavio recognizes the following companies as the key players in the global fetal monitoring bands market: BeoCare Group, Feta Med, Medline Industries, Surgmed, and The Cooper Companies
Commenting on the report, an analyst from Technavio’s team said: “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, Surgmed, and The Cooper Companies
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