PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804840
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804840
The neonatal care equipment market is projected to reach USD 2.84 billion by 2030 from USD 2.06 billion in 2025, at a CAGR of 5.6% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2024-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD billion) |
Segments | Product, End User, and Region |
Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and GCC Countries |
Technological advancements in neonatal care equipment are significantly transforming the landscape of newborn healthcare. Innovations such as hybrid warmer-incubator systems combine the benefits of open warmers and closed incubators, offering flexibility and reducing the need to transfer fragile infants between devices. Automated oxygen delivery systems enable precise and real-time regulation of oxygen levels, minimizing risks associated with hypoxia or hyperoxia. Integrated phototherapy units, embedded within incubators or warmers, allow for continuous treatment of neonatal jaundice without disturbing the infant.
Additionally, wireless monitoring systems enhance mobility, reduce cable clutter, and lower the risk of infection, all while providing seamless and accurate real-time data. These advanced technologies are not only improving clinical outcomes for premature and critically ill neonates but are also driving hospitals and neonatal intensive care units (NICUs) to upgrade their infrastructure. As a result, these innovations are fueling consistent growth in the global neonatal care equipment market by enhancing efficiency, safety, and care quality.
Based on product, the neonatal incubators segment held the largest share of the global neonatal care equipment market in 2024. Preterm and low-birth-weight infants lack the ability to regulate their body temperature, making them highly vulnerable to hypothermia. Neonatal incubators play a critical role in providing a stable and controlled thermal environment that supports survival, growth, and development in these infants. As a result, incubators are a vital component of Neonatal Intensive Care Units (NICUs). Owing to their essential role in managing preterm births, the neonatal incubators segment holds the largest market share in the neonatal care equipment market.
Based on end users, general hospitals held the largest market share in the neonatal care equipment market in 2024. General hospitals act as the primary access point for neonatal deliveries, particularly in developing and middle-income countries where specialized pediatric centers are limited. They manage a high volume of both routine and high-risk childbirths, necessitating the availability of comprehensive neonatal care equipment. Their broad service coverage and accessibility make them central to neonatal care delivery. Consequently, the general hospitals segment accounts for the largest market share in the neonatal care equipment market, driven by consistent demand and widespread patient inflow.
North America is expected to account for the largest share of the neonatal care equipment market during the forecast period. North America, particularly the US and Canada, leads the neonatal care equipment market due to high healthcare spending and strong reimbursement frameworks. A substantial share of GDP is dedicated to healthcare, ensuring well-equipped neonatal units. Programs such as Medicaid, Medicare, and private insurance facilitate access to advanced and often expensive devices such as incubators, ventilators, and monitors. This robust financial and infrastructural support enables widespread adoption of cutting-edge neonatal technologies, positioning North America as the dominant regional market for neonatal care equipment.
Prominent players in the neonatal care equipment market are GE Healthcare (US), Dragerwerk AG & Co. KGaA (Germany), Koninklijke Philips N.V. (Netherlands), Masimo (US), Fisher & Paykel Healthcare (New Zealand)
Research Coverage
The report evaluates the neonatal care equipment market and estimates the market size and future growth potential based on various segments, including product, end user, and region. The report also includes a competitive analysis of the major players in this market, along with company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will assist the market leader/new entrants in the market with data on the nearest approximations of the revenue numbers for the overall neonatal care equipment market and the subsegments. The report will assist stakeholders in understanding the competitive landscape and gaining further insights into better placing their businesses and making appropriate go-to-market strategies. The report assists the stakeholders in understanding the market pulse and gives them data on influential drivers, hindrances, obstacles, and opportunities in the market.