Neonatal Care Equipment Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032

The global neonatal care equipment market size was estimated at USD 6.9 billion in 2021 and is anticipated to expand at a CAGR of 6.1% between 2023 to 2032.

The report titled ‘Global Neonatal Care Equipment Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 – 2032’ offers strategic visions into the global neonatal care equipment market along with the market size (Revenue - US$ Bn and Volume - Kilo Ton). The said research study covers in-depth analysis of multiple market segments based on type, end-user and study across different topographies.

The report is also inclusive of competitive profiling of the leading neonatal care equipment vendors, and latest developments. Neonates or newly born babies require special assistance and/or monitoring due to medical conditions such as low birth weight and premature birth. In order to ensure proper care and healthy development, these infants are placed in a special wards and given care, which is referred to as neonatal care.

The global neonatal care equipment market is mainly driven by the introduction of multi-specialty neonatal infant care products by international as well as regional players in the market. Companies are launching innovative products to overcome restraining factors such as lack of technical personnel and availability of substitute technologies, which are currently hampering market growth. Furthermore, companies are developing integrated products to address the varying needs of the medical industry across the globe, especially in countries such as China, India, and Africa.

The global neonatal care equipment market is segmented on the basis of type, end-user and geography. Based on the type, the market is segmented into infant wTarmers, incubators, convertible incubators, phototherapy equipment, respiratory devices, and neonatal monitoring devices. Infant warmers are further sub-segmented into electric infant warmers and non-electric infant warmers. Phototherapy equipment is sub-segmented into conventional and fiber-optic. Respiratory devices is further sub-segmented into neonatal invasive ventilators, CPAP devices, oxygen analyzers and monitors, resuscitators, and others. Neonatal monitoring devices is also further segmented into blood pressure monitor, cardiac monitor, pulse oximeters, capnographs and integrated monitoring devices. On the basis of end-user, the global neonatal care equipment market is segmented into hospitals, clinics and others. By geography, the market is fragmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

The Americas dominated the fetal and neonatal care equipment market and accounted for more than 40% of the total market share. The US is the major revenue generator in the region owing to the huge demand for this equipment and the increasing number of FDA approvals for these devices. North America held the largest share of the global fetal and neonatal care equipment market in 2015. The U.S. accounted for a major share owing to a huge demand for technologically advanced products ensuring better healthcare delivery.

The value-based healthcare model has led to the development of well-equipped NICU centers along with increasing number of approvals for these devices from the FDA. On the other hand, the Asia Pacific market is anticipated to register the fastest growth development in the forecast period. Increasing government initiatives in developing countries such as India has established strong demand for pediatric health equipment. For instance, the National Rural Health Mission is an initiative aimed at increasing public expenditure on health to provide better healthcare facilities to mothers and children.

Some of the key players operating in the neonatal care equipment market with most significant product development include and are not limited to GE Healthcare (A Division of General Electric Company), Philips Healthcare (A Division of Koninklijke Philips N.V.), Drägerwerk AG & Co. KGAA, Medtronic Public Limited Company, Masimo Corporation, Atom Medical Corporation, Becton, Dickinson and Company, Fisher & Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., OSI Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products, and Welch Allyn. among others.

Global Neonatal Care Equipment Market Segmentation:

By Type:

• Infant Warmers
  • Electric Infant Warmers
  • Non-electric Infant Warmers
• Incubators
• Convertible Incubators
• Phototherapy Equipment
  • Conventional
  • Fiber-optic
• Respiratory Devices
  • Neonatal Invasive Ventilators
  • Cpap Devices
  • Oxygen Analyzers And Monitors
  • Resuscitators
  • Others
• Neonatal Monitoring Devices
  • Blood Pressure Monitor
  • Cardiac Monitor
  • Pulse Oximeters
  • Capnographs
  • Integrated Monitoring Devices

By End-User

• Hospitals
• Clinics
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America