Market Size of Global Obstetrics Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Obstetrics Devices Market Analysis
The Obstetrics Devices Market is poised to grow at a CAGR of 7.4% over the forecast period.
The COVID-19 pandemic has significantly impacted the preterm birth and PROM testing market. According to a study published in the International Journal of Gynecology and Obstetrics, in October 2020, titled "The effect of the COVID-19 pandemic on maternal health due to delay in seeking health care: Experience from a tertiary center," inadequate prenatal visits were observed in one-third of the women. Lockdown and fear of infection were the leading causes of delayed health-seeking, with 44.7% of pregnancies ending in complications. Also, according to a report published in the Gynecologic and Obstetric Investigation in July 2020, infection with COVID-19 during pregnancy raises the risk of pregnancy complications such as preterm birth, preterm premature rupture of the membranes, and, in rare circumstances, maternal mortality. Hence, COVID-19 has significantly impacted the market growth during the pandemic. However, with the releasing of COVID-19 restrictions and resuming services the studied market is expected to propel over the forecast period.
Certain factors that are propelling the market growth are the increasing birth rate globally and the rise in obstetric complications and assisted deliveries, as well as technological advancements in obstetrics. For instance, according to 2022 statistics published by the Centers for Disease Control and Prevention, the number of births and fertility rates have increased in the United States. As per the Births: Provisional Data for 2021 report, there was a 1% increase in births from 2020, with 3,659,289 births recorded in 2021. In addition, as per the same source, in 2021, the global fertility rate increased by 1% from the previous year to 56.6 births per 1,000 women aged 15 to 44.
Additionally, a rise in preterm birth, obesity, PCOS (Polycystic Ovarian Syndrome), and other gynecological conditions lead to increased obstetric complications and assisted deliveries. Increasing obesity results in the rise in labor complications and a growing number of C-section deliveries.
Furthermore, the incidences of premature birth and increasing death among children due to preterm birth are the key driving factors for the growth of the market over the forecast period. For instance, according to the data published by the Centers for Disease Control and Prevention, in 2021, the rate of preterm delivery among African American women was 14.9%, which is 50% higher than the rate among whites (9.1%) and Hispanic women (9.8%). Also, according to the statistics published by the March of Dimes, in 2021, it has been observed that the preterm birth rates rose from 14.25% to 14.36% among Black women and from 11.55% to 11.61% among American Indian/Alaska Native mothers. Similarly, as per 2021 data published by the Centers for Disease Control and Prevention, it has been observed that one in every ten infants born was premature, in the United States in 2020.
However, the risks associated with assisted deliveries are expected to restrain the market growth over the forecast period.
