USD 2.8 billion
Neonatal Intensive Care Market Size, Share, and Growth Analysis
Neonatal Intensive Care Market By Product Type (Incubators, Warmer), By Application (Thermoregulation, Respiratory Assistance), By End User (Hospitals, Neonatal Clinics), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2803 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
63
|Figures:
70
Format -
Neonatal Intensive Care Market Insights
Global Neonatal Intensive Care Market size was valued at USD 2.8 billion in 2023 and is poised to grow from USD 2.95 billion in 2024 to USD 4.42 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
The World Health Organization (WHO) reports that there are a staggering 15 million premature births worldwide each year, and this number is increasing rapidly. Preterm birth has emerged as the leading cause of child neonatal mortality worldwide, creating a huge demand for Neonatal Intensive Care Units (NICUs) in hospitals. The increasing pregnancy rate highlights the urgent need for adequate healthcare facilities in hospitals, especially with the increasing involvement of private organizations in the healthcare sector.
Furthermore, the growth trajectory of the global neonatal intensive care market is anticipated to have an impact on the growing demand of healthcare professionals for improving NICU equipment. As healthcare providers are increasingly aware of the latest technological developments and innovations in neonatal care, the market is poised to accelerate due to increased collaboration among industry players in addition to increasing adoption of state-of-the-art equipment in the NICU.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Neonatal Monitors
Fastest Growth
Growth Rate
5.2% CAGR
Global Neonatal Intensive Care Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Neonatal Intensive Care Market Segments Analysis
Global Neonatal Intensive Care Market is segmented by Product Type, Application, End User and region. Based on Product Type, the market is segmented into Incubators, Warmer, Respiratory Equipment, Phototherapy Equipment, Surgical & Monitoring Equipment and Others. Based on Application, the market is segmented into Thermoregulation, Respiratory Assistance, Monitoring, Phototherapy and Other. Based on End User, the market is segmented into Hospitals, Neonatal Clinics, Ambulatory Surgical Centers and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
The neonatal incubator segment has emerged as a key force in the market driven by its vital role in providing a positive environment for newborns. Newborn incubators are important prerequisites within a neonatal unit, ensuring optimal temperatures for newborns plays an important role, which is an important factor in increasing the chances of survival of premature babies.
The neonatal monitor segment is poised for rapid growth, with more players involved in advanced neonatal monitoring systems penetrating deeply. Companies see an increase in innovation, especially in monitor types capable of displaying real-time information, and reputation requirements have increased.
Analysis by End-Users
The hospital segment remains a dominant force in the neonatal intensive care market, mainly due to the highly advanced neonatal equipment available in hospital settings. Hospitals are places of care for newborns in particular, offering an impressive array of equipment to help provide. The increasing number of hospitals offering neonatal intensive care units (NICUs) worldwide further reinforces the popularity of the hospital segment.
Significant growth is expected, the hospital segment is poised to improve forecasts, pediatric acute care hospitals adapt to changing patient needs Initially, and children's neonatal follow-up is primarily associated with patients discharged from neonatal intensive care units (NICUs). However, the situation is changing with the emergence of early intervention neonatal intensive care units (NFUCs) and priority continuity of care for high-risk infants
Global Neonatal Intensive Care Market By Product
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Neonatal Intensive Care Market Regional Insights
Asia-Pacific asserted its dominance in the neonatal intensive care market, with a large market share of 54.35%. This regional dominance can be attributed to the significant progress in technological advancement in pediatric intensive care devices. Asia Pacific has made impressive strides in developing and adopting new technologies, improving the overall environment for newborn education. Furthermore, rising premature birth rates in the region have contributed to demand for a great solution for neonatal intensive care, and to fuel further market growth.
North America is poised to continue to dominate the neonatal intensive care market during the forecast period. The leading position of this sector can be attributed to the availability of well-established healthcare infrastructure and the high demand for advanced healthcare.
Global Neonatal Intensive Care Market By Region
- Largest
- Fastest
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Neonatal Intensive Care Market Dynamics
Drivers
Increased Rates of Preterm Birth and Increased Rates of NICU Admissions
- The increasing incidence of preterm births worldwide can be attributed to the rise in chronic diseases such as diabetes and hypertension, as well as increasing sedentary lifestyles behaviors, and other related factors are characterized by sedentary lifestyles that further increase the risk of preterm birth.
Restraints
Increased Cost of Purchase
- The restraints expected to drive the growth of the neonatal intensive care market during the forecast period are the high maintenance and procurement costs associated with such specialized equipment. The financial burden of acquiring equipment and providing and maintaining critically ill children is a challenge for healthcare facilities, which leads to gaps in healthcare delivery.
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Neonatal Intensive Care Market Competitive Landscape
The competitive environment of the global Neonatal Intensive Care market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
Top Players in Neonatal Intensive Care Market
- Inspiration Healthcare Group plc (United Kingdom)
- Masimo Corporation (United States)
- Fisher & Paykel Healthcare Corporation Limited (New Zealand)
- General Electric Company (United States)
- Medtronic plc (Ireland)
- Philips Healthcare (Netherlands)
- Becton, Dickinson and Company (BD) (United States)
- Atom Medical Corporation (Japan)
- Vyaire Medical, Inc. (United States)
- Abbott Laboratories (United States)
- Siemens Healthineers AG (Germany)
- Stryker Corporation (United States)
- B. Braun Melsungen AG (Germany)
- Cardinal Health, Inc. (United States)
- Pediatrix Medical Group, Inc. (United States)
- Phoenix Medical Systems Ltd. (India)
Recent Developments
- In May 2022, Pinnacle Industries, a leading player in car seats and specialty vehicles, unveiled its newborn ambulance specially designed and approved for Maharashtra government in India. These ambulances represent a major breakthrough in health care, with state-of-the- art medical facilities and advanced technologies. The main building aims to provide the best treatment for newborns during transportation , and represents a major step forward in addressing the unique needs of newborn patients. This strategic plan demonstrates Pinnacle Industries’ commitment to helping improve newborn care in the region.
Neonatal Intensive Care Key Market Trends
- Innovations in medical technology are proving increasingly important in shaping the nascent device landscape, facilitating the development of high-quality, feature-rich solutions. Increasing technological advances have led to a sharp rise in the demand for specialized neonatal care equipment in both developed and developing countries. Notably, a state-of-the-art incubator and the development of an MRI-compatible incubator stands out as a noteworthy advancement in technological sophistication. These developments are anticipated to accelerate the neonatal care equipment market, featuring a discrete objective to provide improved primary care to critically ill newborns.
Neonatal Intensive Care Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. High neonatal temperature in the neonatal intensive care market, and low birth weight in low neonatal temperature, notably decreased neonatal body temperature (low 36.5°C) highlights the critical importance of neonatal intensive care units (NICUs) available plays an important role in the feeding of newborns (before 37 weeks of gestation) or those with medical conditions requiring treatment, especially those with low birth weight.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.8 billion |
| Market size value in 2032 | USD 4.42 billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 Intensive 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
- Exhibit: Impact analysis of DROC, 2021
- 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 Intensive 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Neonatal Intensive 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 Intensive 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 Intensive Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Neonatal Intensive 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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