Global Neonatal Infant Care Market

Neonatal Infant Care Market Size, Share, Growth Analysis, By Product Type(Infant Warmers, Convertible Warmer & Incubators, Neonatal Monitoring Devices, Respiratory Equipment), By Technology(Thermoregulation Devices, Monitoring Systems, Hearing Screening Devices, Vision Screening Equipment), By End-user(Hospitals, Diagnostic Centers, Pediatric, Neonatal Clinics), By Region - Industry Forecast 2024-2031


Report ID: SQSG35A2055 | Region: Global | Published Date: April, 2024
Pages: 165 |Tables: 97 |Figures: 76

Neonatal Infant Care Market Insights

Global Neonatal Infant Care Market size was valued at USD 641.13 million in 2019 and is poised to grow from USD 698.5 million in 2023 to USD 1400 million by 2031, growing at a CAGR of 8.83% in the forecast period (2024-2031).

Premature birth or Neonatal birth is a condition when the baby is born weeks before the gestation period of 37 weeks. This care is provided to the premature baby after delivery for around 4 weeks as the baby has health concerns like the ease of breathing, gaining weight, and other important care for survival and always preferred to be kept in the neonatal infant care unit for the given period. During this period in the neonatal infant care unit, the baby is intensively taken care of and monitored through equipment like phototherapy equipment, incubators, respiratory assistance, and monitoring devices. This is done until a premature baby turned into a mature one with all organs and body functions working properly that eliminating abnormality in the baby. With technological advancements and investments in developing highly effective products, the neonatal infant care market is expected to show tremendous growth during the analysis period.

US Neonatal Infant Care Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 641.13 million

Largest Segment

Thermoregulation devices

Fastest Growth

Thermoregulation devices

Growth Rate

8.83% CAGR

Global Neonatal Infant Care Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Neonatal Infant Care Market Segmental Analysis

The global neonatal infant care market is segmented based on product type, technology, end-users, and region. Based on product type, the Neonatal Infant Care Market is segmented into infant warmers, convertible warmers & incubators, neonatal monitoring devices, respiratory equipment, phototherapy equipment, catheters, and others. Based on technology, the Neonatal Infant Care Market is segmented into thermoregulation devices, monitoring systems, hearing screening devices, and vision screening equipment. Based on end-user, the Neonatal Infant Care Market is segmented into hospitals, diagnostic centers, pediatric and neonatal clinics, and others. Based on region, the global Neonatal Infant Care market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Neonatal Infant Care Market Analysis by Technology

In 2021, thermoregulation devices accounted for the largest market share of the neonatal infant care market. As maintaining a temperature-neutral atmosphere and limiting heat loss for neonates and babies are key responsibilities. Neonatal babies with prolonged cold stress or hypothermia require a thermostable environment to maintain their body temperature. Consequently, the increasing prevalence of hypothermia has increased the demand for thermoregulation equipment. According to the World Health Organization, hypothermia is a substantial factor in neonatal mortality for all newborns. These are some of the major factors driving the demand for neonatal infant care products and propelling the neonatal infant care market growth.

Global Neonatal Infant Care Market By Technology, 2021 (%), 2023 (%)

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Neonatal Infant Care Market Regional Insights

North America accounted for the largest market share which is more than 40% of the neonatal infant market in the year 2021 and is expected to do so during the analysis period. Growing healthcare expenditures is one of the primary factors driving market growth in the region. Preliminary projections from the Centre for Medicare and Medical Services (CMS) indicates that total healthcare spending in the US will increase by 5.4% throughout the forecast period. In the United States, favorable healthcare Regulations and high healthcare spending per capita has produced a favorable climate for the adoption of newborn baby care technology. In addition, the presence of market leaders like GE Healthcare, Becton, Dickinson and Company, and Natus Medical Inc. contributes to the growth of the market in the country. These companies' strategies include product releases and expansions, which will continue to contribute to the total expansion in the US.

Global Neonatal Infant Care Market By Geography, 2022 - 2028, 2024-2031
  • Largest
  • Fastest

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Neonatal Infant Care Market Dynamics

Neonatal Infant Care Market Driver

Demand for neonatal infant care equipment has increased dramatically as a result of an increase in preterm births.

  • Demand for neonatal infant care equipment has increased dramatically as a result of an increase in preterm births, accompanied by a rise in problems and an increase in demand for sophisticated jaundice management items. Increasing pregnancy complications such as infections, pre-eclampsia, and fetal growth restriction, corresponding efforts to increase the survival rates of neonates and mothers, and growing advancements in the field of neonatal infant care are the primary factors driving the global sales of neonatal infant care equipment.
  • Demand for neonatal infant care equipment market is driven by an increased incidence of preterm births and the prevalence of neonatal jaundice globally. Rapid technological improvements are anticipated to facilitate the introduction of blue spectrum radiation sources and user-friendly control panel phototherapy equipment. Companies are emphasizing the development of LED radiation sources with low power consumption and optimal intensity control. Increasing investments by regional governments and major manufacturers in several developing nations are key factors driving neonatal infant care market expansion.

Neonatal Infant Care Market Restraint

Monitoring neonates cause various issues during transit, and temperature management is some of the major restraints.

  • Monitoring neonates cause various issues during transit, temperature management, placement, or external disruptions. These are some of the restrains those could restrain the market growth. But with increasing investment into R&D activities and innovation in the field would be able to get through it and expand the neonatal infant care market growth.

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Neonatal Infant Care Market Competitive Landscape

The Neonatal Infant Care market is relatively fragmented, with a high level of competition. Few large players, like GE Healthcare, Medtronic plc, and Drägerwerk AG & Co. KGaA, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Neonatal Infant Care Market Top Player’s Company Profiles

  • GE Healthcare
  • Medtronic plc
  • Philips Healthcare
  • Drägerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare
  • Masimo Corporation
  • Natus Medical Incorporated
  • Atom Medical Corporation
  • Becton, Dickinson and Company
  • CareFusion Corporation
  • Hill-Rom Holdings, Inc.
  • International Biomedical
  • Novamed USA
  • Phoenix Medical Systems Pvt. Ltd.
  • Smiths Medical
  • Teleflex Incorporated
  • Utah Medical Products, Inc.
  • Vygon S.A.
  • Weyer GmbH
  • Inspiration Healthcare Group plc

Neonatal Infant Care Market Recent Developments

  • In September 2022, Royal Philips announced the creation of the Philips Spectral Angio CT suite detector angio CT system, which integrates spectral CT imaging technologies into a hybrid angio CT suite. Philips intends to provide physicians with immediate access to these two major imaging modalities in a single room, hence facilitating innovation in minimally invasive procedures in fields such as oncology, stroke, and trauma care.
  • In July 2022, Royal Philips announced its AI-powered systems and solutions at the European Congress of Radiology. Philips demonstrates how its portfolio of smart connected imaging systems and integrated radiology workflow solutions increases diagnostic confidence and clinical outcomes, reduces staff stress and burnout, improves patient engagement and access to quality care, and increases efficiency to reduce waste.

Neonatal Infant Care Key Market Trends

  • The demand for newborn baby care equipment would only increase as difficulties associated with premature delivery continue to rise. Technological advances in the neonatal infant care sector will present profitable prospects for manufacturers in the coming years. The need for neonatal infant care equipment will expand across multiple geographies as a result of technological breakthroughs, device revisions, and automation. As an example, technological advancements in closed incubator systems, such as the advent of double-walled systems, are also influencing the neonatal infant care market.
  • Increasing healthcare expenditures in emerging economies are also anticipated to present opportunities for new firms. Major producers and new manufacturers of neonatal infant care equipment are transferring their attention to developing nations like China, India, and South Africa. Increasing healthcare infrastructure and high birth rates in these growing economies will afford manufacturers and marketers better opportunities. African nations have a significant number of infants born prematurely, where such deliveries are most prevalent. These are some of the major trends that will drive neonatal infant care equipment and propel market growth.

Neonatal Infant Care Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global neonatal infant care market is expected to show tremendous growth during the analysis period. In 2021, thermoregulation devices accounted for the largest market share of the neonatal infant care market. Growing healthcare expenditures is one of the primary factors driving market growth in the region. Preliminary projections from the Centre for Medicare and Medical Services (CMS) indicates that total healthcare spending in the US will increase by 5.4% throughout the forecast period.

Report Metric Details
Market size value in 2023 USD 641.13 million
Market size value in 2031 USD 1400 million
Growth Rate 8.83%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Product Type
    • Infant Warmers, Convertible Warmer & Incubators, Neonatal Monitoring Devices, Respiratory Equipment, Phototherapy equipment, Catheters, Others
  • Technology
    • Thermoregulation Devices, Monitoring Systems, Hearing Screening Devices, Vision Screening Equipment
  • End-user
    • Hospitals, Diagnostic Centers, Pediatric, Neonatal Clinics, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • GE Healthcare
  • Medtronic plc
  • Philips Healthcare
  • Drägerwerk AG & Co. KGaA
  • Fisher & Paykel Healthcare
  • Masimo Corporation
  • Natus Medical Incorporated
  • Atom Medical Corporation
  • Becton, Dickinson and Company
  • CareFusion Corporation
  • Hill-Rom Holdings, Inc.
  • International Biomedical
  • Novamed USA
  • Phoenix Medical Systems Pvt. Ltd.
  • Smiths Medical
  • Teleflex Incorporated
  • Utah Medical Products, Inc.
  • Vygon S.A.
  • Weyer GmbH
  • Inspiration Healthcare Group plc
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Neonatal Infant Care Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Neonatal Infant Care Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Neonatal Infant Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Neonatal Infant Care Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Neonatal Infant Care Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Neonatal Infant Care Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Neonatal Infant Care Market size was valued at USD 641.13 million in 2019 and is poised to grow from USD 698.5 million in 2023 to USD 1400 million by 2031, growing at a CAGR of 8.83% in the forecast period (2024-2031).

The Neonatal Infant Care market is relatively fragmented, with a high level of competition. Few large players, like GE Healthcare, Medtronic plc, and Drägerwerk AG & Co. KGaA, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'GE Healthcare', 'Medtronic plc', 'Philips Healthcare', 'Drägerwerk AG & Co. KGaA', 'Fisher & Paykel Healthcare', 'Masimo Corporation', 'Natus Medical Incorporated', 'Atom Medical Corporation', 'Becton, Dickinson and Company', 'CareFusion Corporation', 'Hill-Rom Holdings, Inc.', 'International Biomedical', 'Novamed USA', 'Phoenix Medical Systems Pvt. Ltd.', 'Smiths Medical', 'Teleflex Incorporated', 'Utah Medical Products, Inc.', 'Vygon S.A.', 'Weyer GmbH', 'Inspiration Healthcare Group plc'

Demand for neonatal infant care equipment has increased dramatically as a result of an increase in preterm births, accompanied by a rise in problems and an increase in demand for sophisticated jaundice management items. Increasing pregnancy complications such as infections, pre-eclampsia, and fetal growth restriction, corresponding efforts to increase the survival rates of neonates and mothers, and growing advancements in the field of neonatal infant care are the primary factors driving the sales of neonatal infant care equipment.

The demand for newborn baby care equipment would only increase as difficulties associated with premature delivery continue to rise. Technological advances in the neonatal infant care sector will present profitable prospects for manufacturers in the coming years. The need for neonatal infant care equipment will expand across multiple geographies as a result of technological breakthroughs, device revisions, and automation. As an example, technological advancements in closed incubator systems, such as the advent of double-walled systems, are also influencing the neonatal infant care market.

North America accounted for the largest market share which is more than 40% of the neonatal infant market in the year 2021 and is expected to do so during the analysis period. Growing healthcare expenditures is one of the primary factors driving market growth in the region. Preliminary projections from the Centre for Medicare and Medical Services (CMS) indicates that total healthcare spending in the US will increase by 5.4% throughout the forecast period. In the United States, favorable healthcare Regulations and high healthcare spending per capita has produced a favorable climate for the adoption of newborn baby care technology. In addition, the presence of market leaders like GE Healthcare, Becton, Dickinson and Company, and Natus Medical Inc. contributes to the growth of the market in the country. These companies' strategies include product releases and expansions, which will continue to contribute to the total expansion in the US.

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