Global Intrapartum Monitoring Devices Market 2019-2023
About this market
The global dental diagnostics and surgical equipment market is highly competitive due to the presence of several regional and global vendors. Leading vendors offer a broad range of products. have the required financial, technical: and marketing resources. have a large geographical coverage and strong distribution channels and make significant investments in R&D. Therefore. these vendors are unable to compete with established vendors in terms of quality. reliability: and R&D. Moreover, they prefer local vendors that offer dental equipment at a lower cost and provide better after-sales support. Thus. the intense competition among vendors is expected to have an adverse impact on the global dental diagnostics and surgical equipment market during the forecast period. Technavio’s analysts have predicted that the intrapartum monitoring devices market will register a CAGR of over 7% by 2023.
High demand for maternal care devices
Maternal care devices are used to determine the health status of preventable causes related to pregnancy and childbirth such as severe bleeding: infection, and high blood pressure. Advances in maternal care devices sector have led to the development of portable and wireless products and the adoption of digital health solutions such as telemedicine, mHealth, and remote monitoring to meet the demand for better access to healthcare in developing economies. Thus, the high demand for maternal care devices drives the growth of the global intrapartum monitoring devices market.
Stringent regulatory requirement
Intrapartum monitoring devices are used to monitor uterine activity and the FHR patterns after the onset of and during labor. The manufacture of intrapartum monitoring devices is governed by stringent government regulations. There are different regulatory bodies that issue guidelines for intrapartum monitoring devices manufacturers and marketers. Meeting stringent government guidelines can slow down the launch of products in the market, thereby affecting the sales and revenue of vendors.
For the detailed list of factors that will drive and challenge the growth of the intrapartum monitoring devices market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies. The competitive environment in the market is expected to intensify during the forecast period due to the launch of new products and the increasing focus of vendors on expanding their presence in international markets. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Intrapartum Monitoring Devices Market
Technavio recognizes the following companies as the key players in the global intrapartum monitoring devices market: Arjo, GE Healthcare, Koninklijke Philips, Medtronic, Natus Medical, The Cooper Companies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing awareness of fetal screening and monitoring devices.”
According to the report, one of the major drivers for this market is the growing incidence of preterm births will drive the growth of the global intrapartum monitoring devices market during our forecast period.
Further, the report states that one of the major factors hindering the growth of this market is the affordability issues related to intrapartum monitoring devices.
The Cooper Companies
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook