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What Is the Growth Rate of the Preterm Birth Prevention And Management Market?
The market size for managing and preventing preterm birth has seen significant growth in past years. The market is set to expand from $1.87 billion in 2024 to $2.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%. This robust growth during the historical period can be linked to factors like an increase in preterm births, rising maternal age, escalating complications associated with preterm birth, enhanced awareness programs, and a surge in mortality rates related to preterm birth.
What Growth Rate Is Forecasted for the Preterm Birth Prevention And Management Market by 2029?
In the coming years, robust growth is anticipated for the preterm birth prevention and management market. The market is predicted to expand to $2.70 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. The surge during the estimated period is attributable to the escalating demand for neonatal care, intensified focus on prevention measures, rising count of preconception counseling, increasing preterm birth screening programs, and heightened awareness among women. Key trends for the forecasted period encompass progress in medical technologies, incorporation of digital health, the emergence of AI-driven diagnostics, creation of smart NICUs, and the integration of IoT in the sphere of neonatal care.
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Which Key Companies Are Shaping the Future of the Preterm Birth Prevention And Management Market?
Major companies operating in the preterm birth prevention and management market are Philips Healthcare, GE Healthcare Technologies Inc., NYU Langone Health, Penn Medicine, Sharp HealthCare, Hologic Inc., Duke University Health System, QIAGEN N.V., Ferring Pharmaceuticals, AMAG Pharmaceuticals, Miracle Babies, March of Dimes, Canberra Health Services, Perinatal Services BC, Natus Medical Incorporated, Society for Maternal-Fetal Medicine, DynaMed LLC, Sera Prognostics, Progenity Inc., Birmingham Obstetrics & Gynecology.
Which Factors Are Driving Demand in the Preterm Birth Prevention And Management Industry?
The augmentation in the understanding of the health of expectant mothers and their fetuses is predicted to fuel the expansion of the preterm birth prevention and management market in the future. Maternal and fetal health involves safeguarding pregnant women and their unborn children, ensuring non-hazardous pregnancies and wholesome outcomes. There is an escalating awareness towards this as enlightening campaigns and awareness initiatives are dynamically endorsing the significance of prenatal care, balanced nutrition, immunization, and frequent check-ups aiming at healthier pregnancy consequences. Preventing and managing preterm births are crucial for the health of both mother and fetus, as it helps in decreasing issues such as respiratory troubles and developmental delays in infants, meanwhile also reducing the health risks to mothers linked to early childbirth. For instance, in July 2024, as per the Welsh Government (Llywodraeth Cymru), a UK-based governing entity, in 2023, the ratio of expectant women with a BMI of 30 or more at their first examination rose to 32%, showing a 0.8 percentage point elevation from the preceding year. Thus, the escalating enlightenment about maternal and fetal well-being is steering the expansion of the preterm birth prevention and management market.
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How Is the Preterm Birth Prevention And Management Market Segmented by Several Divisions?
The preterm birth prevention and management market covered in this report is segmented –
1) By Product Type: Pharmaceuticals, Medical Devices, Therapies
2) By Cause-Specific: Multiple Pregnancy, Infection And Chronic Conditions, Structural Abnormalities, Maternal Lifestyle Factors
3) By Diagnosis Method: Ultrasound Imaging, Biochemical Tests, Physical Examination
4) By End-User: Hospitals, Clinics, Homecare Settings, Diagnostic Laboratories
Subsegments:
1) By Pharmaceuticals: Tocolytics, Corticosteroids, Progesterone Therapy, Magnesium Sulfate
2) By Medical Devices: Cervical Cerclage Devices, Fetal Monitoring Devices, Uterine Contraction Monitors
3) By Therapies: Bed Rest Therapy, Nutritional Therapy, Cervical Pessary Therapy
What are the Emerging Market Trends Driving the Growth of the Preterm Birth Prevention And Management Industry?
Leading firms active in the market for prevention and management of preterm birth are establishing initiatives such as a campaign against preeclampsia and preterm birth, to heighten awareness and enhance care for infants born prematurely. The campaign is focused on boosting awareness, advancing research, enhancing healthcare interventions, and advocating for policies that improve maternal and neonatal health outcomes. For instance, March of Dimes Inc., a non-profit organization based in the U.S., initiated the Low Dose, Big Benefits drive in May 2024. This long-term initiative is aimed at reducing the risks associated with preeclampsia and preterm birth by advocating for the use of low-dose aspirin. With preeclampsia affecting 1 in 25 pregnancies, low-dose aspirin can cut the risk by up to 15% for preeclampsia and 20% for preterm birth in pregnancies that are high-risk. A significant knowledge gap exists, as many, particularly Black families, lack awareness about preeclampsia, a fact that the campaign seeks to change.
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Which Regions Are Driving Growth in the Preterm Birth Prevention And Management Market?
North America was the largest region in the preterm birth prevention and management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the preterm birth prevention and management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the preterm birth prevention and management market, and how is it changing globally?
2. Who are the major companies in the preterm birth prevention and management market, and how are they performing?
3. What are the key opportunities and risks in the preterm birth prevention and management market right now?
4. Which products or customer segments are growing the most in the preterm birth prevention and management market?
5. What factors are helping or slowing down the growth of the preterm birth prevention and management market?
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