Preterm Birth Prevention And Management Market Growth Supported by Key Drivers, Expected to Hit $2.68 Billion by 2029
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What Are the Key Growth Indicators and Market Expansion Estimates for the Preterm Birth Prevention And Management Market Through 2029?
The preterm birth prevention and management market size has grown strongly in recent years. It will grow from $1.87 billion in 2024 to $2 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the rising preterm births, growing maternal age, surging preterm complications, growing awareness programs, and increasing preterm mortality rates.
The preterm birth prevention and management market size is expected to see strong growth in the next few years. It will grow to " $2.68 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising demand for neonatal care, growing focus on prevention, rising preconception counseling, surging preterm birth screening programs, and increasing awareness among women. Major trends in the forecast period include advancements in medical technologies, integration of digital health, development of AI-driven diagnostics, development of smart NICUs, and integration of IoT in neonatal care.
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Which Core Market Drivers Are Influencing the Development of the Preterm Birth Prevention And Management Market?
The growing awareness of maternal and fetal health is expected to propel the growth of the preterm birth prevention and management market going forward. Maternal and fetal health refers to the well-being of pregnant women and their unborn babies, ensuring safe pregnancies and healthy outcomes. Awareness of maternal and fetal health is growing as educational campaigns and awareness programs are actively promoting the importance of prenatal care, proper nutrition, vaccination, and regular screenings to ensure healthier pregnancy outcomes. Preterm birth prevention and management are essential for maternal and fetal health, as they help reduce complications such as respiratory distress and developmental delays in newborns while also lowering maternal health risks associated with premature delivery. For instance, in July 2024, according to the Welsh Government (Llywodraeth Cymru), a UK-based governing body, in 2023, the percentage of pregnant women with a BMI of 30 or higher at their initial assessment increased to 32%, reflecting a 0.8 percentage point rise from the previous year. Therefore, the growing awareness of maternal and fetal health is driving the growth of the preterm birth prevention and management market.
How Is the Preterm Birth Prevention And Management Market Structured Across Its Key Segment Categories?
The preterm birth prevention and managementmarket 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 Key Industry Trends Driving Growth in the Preterm Birth Prevention And Management Market?
Major companies operating in the preterm birth prevention and management market are developing initiatives, such as the campaign to combat preeclampsia and preterm birth, to raise awareness and improve care for preterm infants. A campaign to combat preeclampsia and preterm birth focuses on raising awareness, promoting research, improving healthcare interventions, and advocating for policies that enhance maternal and neonatal health outcomes. For instance, in May 2024, March of Dimes Inc., a US-based nonprofit organization, launched the Low Dose, Big Benefits campaign, a long-term initiative designed to lower the risks of preeclampsia and preterm birth through the use of low-dose aspirin. Preeclampsia, a serious pregnancy complication affecting 1 in 25 pregnancies, can be mitigated with low-dose aspirin, reducing the risk by up to 15% for preeclampsia and 20% for preterm birth in high-risk pregnancies. The campaign aims to address a significant knowledge gap, as many families, especially Black families, are unaware of preeclampsia.
Who Are the Principal Market Leaders in 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.
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Which Regions Are Expected to Record the Strongest CAGR 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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