Global Neonatal Intensive Care Market Report by Products (Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, and Others), By End-User (Hospital & Neonatal Pediatric Hospital, Pediatric Clinics & Childcare, and Others) Countries and Company Analysis 2024-2030
Buy NowNeonatal Intensive Care Market Analysis
Global neonatal intensive care market was valued at US$ 3.47 billion In 2023. Renub Research projects that the market will increase at a rate of 6.04% between 2024 and 2030, reaching US$ 5.23 billion. The market is expanding steadily, mostly due to the growing number of babies suffering from respiratory illnesses, major technological developments in ventilator design, rising healthcare costs, and government programs to enhance neonatal care.
Neonatal care is a cornerstone of support for preterm or medically complex newborns and is one of the many ways to emphasize maternal and child health. NICUs employ special equipment and round-the-clock monitoring along with state-of-the-art technology and well-trained staff that can meet diverse needs of newborns. The NICU should have an environment controlled enough for the safety and development of these babies inside. This specialized care saves lives of many children who otherwise would have died and also focuses on family-centered treatment. The demand for neonatal intensive care units (NICUs) equipment is on the rise, due to growing healthcare costs and international focus on maternal and child health issues. The recent allocation of an extra $200 million to NICUs in the U.S 2023 funding bill aims at improving access to research, treatment options, and patient care facilities. Recognizing the value of infant care promotes further investigation into enhancing long-term health outcomes, neonatal survival rates, and extension of NICU services to underserved areas.
China Neonatal Intensive Care Market
In a country that hosts one fifth of the world's population, China has been able to provide an all-round care for newborns which has in turn led to a decrease in infant mortality rates. The demand for holistic newborn care is on the rise due to reasons such as maternal age getting older, more spending on assisted reproductive technology (ART) and concerns about environmental pollution. Healthcare infrastructure investment of the Chinese government, its newborn care advocacy and health information dissemination are some of the factors that have fostered the growth of neonatal care equipment industry. With higher disposable incomes and increased government investment in Neonatal Intensive Care Unit (NICU) facilities and technology, NICU services have become more accessible and affordable. In 2018, Chinese Neonatal Network was created with the purpose of bettering the outcomes for newborns in China. The network includes 92 top NICUs located in 31 provinces across the country. There has been a dramatic increase in preterm neonates’ survival rate in NICUs recently.
- China two-toddler coverage has produced more births, and girls are considerably more prone to be multiparous and older, which will raise the chance of premature deliveries.
- Advances in perinatal-neonatal care have brought about stepped forward survival rates for premature infants.
- China fast economic development has led to a rise in premature births.
Neonatal Intensive Care Company Analysis
Some of the most essential players in the global neonatal intensive care market are Masimo Corporation, 3M Company, Medtronic PLC, Koninklijke Philips N.V, Siemens Healthcare Gmbh, Terumo Corporation, Angio Dynamics, and Drägerwerk AG & Co.
Neonatal Intensive Care Market News
Masimo Corporation
- Dec 2023, The U.S. 2023 spending adds $200 million to NICUs, improving access, care high-quality, and research. Recognizing neonatal care's significance extends NICU access to far flung areas and fuels research for higher neonatal survival and lone-time period health.
- In March 2021, Masimo provided monitoring solutions to decorate maternal and new child protection in the course of childbirth and the first few minutes. Masimo SET pulse oximetry has helped neonates, newborns, and pediatric patients via measuring for the duration of motion and coffee perfusion. It has driven the standard of care for infants to new heights and has been used in setting up screening guidelines worldwide.
- CHOC and Masimo partnered in June 2022 to develop noninvasive technology for monitoring blood oxygen and hemoglobin degrees in newborns.
Medtronic PLC
- Medtronic percent launched the SonarMed™ airway monitoring machine in May 2021. It makes use of acoustic tech to test ETT obstruction & verify position in actual-time, giving clinicians key info to make higher decisions for minor patients.
- BMJ companions with Medtronic to help hospitals improve care in March 2023.
- GE Healthcare and Medtronic have announced a collaboration to fulfill the particular demand of Ambulatory Surgery Centers and office-based Labs. The partnership gives customers various products, financial solutions, and services.
Koninklijke Philips N.V
- February 2024, Royal Philips introduced new AI-enabled innovations to enhance patient care.
- In Apr 2024, Philips partnered with Smart to combine viQtor with their patient monitoring platforms. This collaboration aims to allow continuous tracking inside and out of the health center, starting in Europe.
Siemens Healthcare Gmbh
- Bio-Rad Laboratories Inc. improved its joint advertising and marketing agreement with Siemens Healthineers in December 2020, presenting quality control products and Unity Quality Control statistics management solutions for Siemens Healthineers' Atellica® Solution platforms.
Drägerwerk AG & Co
- Dräger released Vista 300 in India in April 2024, a new patient tracking system to enhance information go with the flow throughout sanatorium departments.
- Drägerwerk AG & Co launched a brand new Dräger PressurePod that transmits measured values to the PulmoVista 500 EIT device.
Products – Market breakup from 6 viewpoints:
1. Warmers
2. Incubators
3. Monitoring Devices
4. Respiratory Devices
5. Phototherapy Equipment
6. Others
End-User – Market breakup from 3 viewpoints:
1. Hospital & Neonatal Pediatric Hospital
2. Pediatric Clinics & Childcare
3. Others
Countries – Market breakup from 21 Countries viewpoints:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Spain
2.6 Switzerland
3. Asia Pacific
3.1 Japan
3.2 China
3.3 India
3.4 South Korea
3.5 Indonesia
3.6 Australia
4. Latin America
4.1 Mexico
4.2 Brazil
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 South Africa
5.3 United Arab Emirates
6. Rest of World
All companies have been covered from 3 viewpoints:
• Overview
• Recent Development
• Revenue
Company Analysis:
1. Masimo Corporation
2. 3M Company
3. Medtronic PLC
4. Koninklijke Philips N.V
5. Siemens Healthcare Gmbh
6. Terumo Corporation
7. Angio Dynamics
8. Drägerwerk AG & Co. KGaA
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018 - 2023 |
| Forecast Period | 2024 - 2030 |
| Market | US$ Billion |
| Segment Covered | Product, End User, and Countries |
| Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, South Korea, Indonesia, Australia, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, United Arab Emirates, Rest of World |
| Companies Covered | Masimo Corporation, 3M Company, Medtronic PLC, Koninklijke Philips N.V, Siemens Healthcare Gmbh, Terumo Corporation, Angio Dynamics, and Drägerwerk AG & Co. KGaA |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Neonatal Intensive Care Market
6. Market Share Analysis
6.1 By Product
6.2 By End User
6.3 By Countries
7. Products
7.1 Warmers
7.2 Incubators
7.3 Monitoring Devices
7.4 Respiratory Devices
7.5 Phototherapy Equipment
7.6 Others
8. End Users
8.1 Hospital & Neonatal Pediatric Hospital
8.2 Pediatric Clinics & Childcare
8.3 Others
9. Countries
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Switzerland
9.3 Asia Pacific
9.3.1 Japan
9.3.2 China
9.3.3 India
9.3.4 South Korea
9.3.5 Indonesia
9.3.6 Australia
9.4 Latin America
9.4.1 Mexico
9.4.2 Brazil
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 United Arab Emirates
9.6 Rest of World
10. Porter’s Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Rivalry
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threat
12. Key Players Analysis
12.1 Masimo Corporation
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Revenue Analysis
12.2 3M Company
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Revenue Analysis
12.3 Medtronic PLC
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Revenue Analysis
12.4 Koninklijke Philips N.V
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Revenue Analysis
12.5 Siemens Healthcare Gmbh
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Revenue Analysis
12.6 Terumo Corporation
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Revenue Analysis
12.7 AngioDynamics
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Revenue Analysis
12.8 Drägerwerk AG & Co. KGaA
12.8.1 Overview
12.8.2 Recent Development
12.8.3 Revenue Analysis
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