Global Neonatal Intensive Care Market: Trends and Recent Developments, By Product Type (Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, Catheters, Others), By Application (Neonatal Hypothermia & Low Birth Weight, Jaun

Global Neonatal Intensive Care Market, By Product Type (Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, Catheters, Others), By Application (Neonatal Hypothermia & Low Birth Weight, Jaundice, Others), By End User (Hospitals, Neonatal & Pediatric Hospitals, Maternity Hospitals), Regional Analysis, Key Company Profiles, Trends and Recent Developments – Forecast to 2030

The global neonatal intensive care market is predicted to reach US$ 4.93 Billion by 2030, from US$ 3.45 Billion in 2023. The neonatal intensive care unit (NICU) is an intensive care unit specializing in the care of ill or premature newborn infants. Prematurely born babies often have health issues, such as trouble breathing and gaining weight, and require urgent medical attention. The primary function of a neonatal intensive care unit is to provide a safe, nurturing, and medically advanced environment where the complex needs of high-risk newborns can be addressed. The neonatal care units are equipped with highly advanced instruments such as respiratory devices, incubators, monitoring devices and warmers, that provide critical care and support to the preterm babies either having low birth weight or suffering from serious medical conditions such as respiratory distress syndrome (RDS). According to the World health organization (WHO) around 15 million babies are born preterm every year globally (which accounts for more than 1 in 10 babies), and this number is accelerating at a rapid pace.

The factors such as the rising incidence of preterm births, increasing prevalence of chronic diseases among newborn babies, and technological advancements in neonatal intensive care devices are likely to propel market growth over the forecast period. For instance, in 2022, there were 380,548 preterm births in the United States, representing 10.4% of live births. Furthermore, according to the research article published in the European Journal of Pediatrics, 2021, the estimated rate of preterm births in Europe was 8.7 and is one of the major causes of death in early childhood in the region. The rising awareness among the population in developed and developing nations about neonatal care, and the growing number of NICU admissions are likely to propel market growth over the forecast period.

Recent Developments

In December 2023, Masimo Corporation announced FDA clearance of Stork, a revolutionary baby monitoring system, for prescription use with healthy and sick babies 0-18 months of age.
In July 2023, Drägerwerk AG & Co. KGaA received FDA 510(k) approval for its Evita V800, V600, and Babylog VN800 ventilators for use in adults and neonates.
In May 2023, Sibel Health received the U.S. FDA 510 (k) clearance for its Anne One neonatal and infant monitoring platform. It is a wireless, clinical-grade, and continuous monitoring solution developed specifically for adults, infants, and neonates.

By Product: Global Neonatal Intensive Care Market – Key Takeaways

The respiratory devices segment dominated the neonatal intensive care market in 2023, and this trend is expected to continue over the forecast period, owing to rising preterm birth, increasing respiratory disorders such as respiratory distress syndrome (RDS), which require the NICU admissions as well as the launch of the new products. In the United States, around 1% of neonates suffer from respiratory distress syndrome (RDS) after birth. Additionally, it is the leading cause of death in neonates in the country.
A neonatal incubator is an enclosure where an infant can be kept in a controlled environment for observation and care. These devices help regulate temperature, humidity, and oxygen levels to promote the neonate's growth and development. The introduction of highly advanced neonatal incubators and an increase in the number of neonatal admissions are fueling the demand for neonatal incubators.
Neonatal monitoring devices such as cardiac monitors are used in neonatal intensive care units for continuous monitoring of neonates. Continuous measurement of blood gases, heart rate, and other vital parameters can be performed with neonatal monitoring devices. Recently, in May 2023, Sibel Health received the U.S. FDA 510(k) clearance for its Anne One neonatal and infant monitoring platform.
The growing number of births with jaundice in developed and developing countries and rising awareness levels among the people regarding novel treatments and adopting the latest technologies are expected to boost the global neonatal phototherapy equipment market growth.

By Application: Global Neonatal Intensive Care Market – Key Takeaways

The neonatal hypothermia & low birth weight segment dominated the market in 2023, and this trend is expected to continue over the forecast period, owing to increasing prevalence of neonatal hypothermia and rise in the incidence of preterm birth. Neonatal hypothermia has been considered a leading cause of mortality and morbidity among preterm and low-birth weight neonates. Preterm and low birth weight infants are at increased risk for developing hypothermia.
The growing number of births with jaundice and rising awareness levels among people regarding novel treatments and adopting the latest technologies are expected to drive the growth of this segment. According to the Scholars Journal of Medical Sciences, around 25-40% of newborn babies are diagnosed with jaundice every year.

By End User: Global Neonatal Intensive Care Market – Key Takeaways

The neonatal & pediatric hospital facilities dominate the global neonatal intensive care market because of their specialized information, dedicated infrastructure, and comprehensive services. Neonatal & pediatric hospitals’ potential to offer round-the-clock care, access to advanced technology, and seamless coordination for neonatal patients solidifies their dominance in the global NICU market.
The hospitals segment is expanding rapidly mainly due to the availability of highly advanced neonatal equipment in these settings. The increased government efforts to expand the healthcare sector, particularly the infrastructure of hospitals, can be credited with the segment market's rise.
The maternity hospitals end user segment is likely to witness considerable growth over the forecast period. The increasing number of maternity hospitals offering neonatal intensive care services worldwide increases the popularity of this segment.

By Region: Global Neonatal Intensive Care Market – Key Takeaways

North America dominated the global neonatal intensive care market in 2023, followed by Europe. The rising incidence of preterm births and increasing prevalence of chronic diseases among newborn babies in the region will likely supplement the market growth over the forecast period. For instance, in 2022, there were 380,548 preterm births in the United States, representing 10.4% of live births. Furthermore, according to the research article published in the European Journal of Pediatrics, 2021, the estimated rate of preterm births in Europe was 8.7 and is one of the major causes of death in early childhood in the region. According to Bliss, the leading U.K-based charity organization, around 100,000 babies, i.e., 1 in 7 babies born in the U.K., are admitted to a NICU every year, thereby accelerating the demand for neonatal intensive care units.
In France, preterm birth is the leading cause of neonatal mortality. It affects approximately 7.5% of all births in the country, creating a huge demand for neonatal intensive care units (NICUs).
Asia Pacific neonatal intensive care market is projected to outpace the mature markets in North America and Europe, by registering the highest growth during the forecast period. The improving healthcare infrastructure, presence of various players, higher number of new births, high burden of preterm births, and the rising awareness about neonatal care by many healthcare organizations are likely to provide lucrative growth opportunities to the market in Asia Pacific region.
The average preterm birth rate for the last 10 years in Japan was 5.64%, meaning that approximately 50,000 premature babies are born annually.
Neonatal intensive care has developed rapidly in China during the past few decades, and neonatal mortality decreased from 30/1000 live births in 1989 to 4/1000 live births in 2020.
India has the world's highest number of neonatal deaths, with approximately 750,000 newborns dying each year.

iGATE RESEARCH report titled “Global Neonatal Intensive Care Market, By Product Type (Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, Catheters, Others), By Application (Neonatal Hypothermia & Low Birth Weight, Jaundice, Others), By End User (Hospitals, Neonatal & Pediatric Hospitals, Maternity Hospitals), Regional Analysis, Key Company Profiles, Trends and Recent Developments – Forecast to 2030” provides a comprehensive assessment of the fast–evolving, high–growth Global Neonatal Intensive Care Market.

This 159 Pages report with 89 Figures and 8 Tables has been analyzed from 9 viewpoints:

1. Global Neonatal Intensive Care Market and Forecast (2018 – 2030)
2. Global Neonatal Intensive Care Market Share and Forecast (2018 – 2030)
3. By Product – Global Neonatal Intensive Care Market and Forecast (2018 – 2030)
4. By Application – Global Neonatal Intensive Care Market and Forecast (2018 – 2030)
5. By End User – Global Neonatal Intensive Care Market and Forecast (2018 – 2030)
6. By Region – Global Neonatal Intensive Care Market and Forecast (2018 – 2030)
7. Global Neonatal Intensive Care Market – Recent Developments
8. Global Neonatal Intensive Care Market – Company Profiles
9. Global Neonatal Intensive Care Market Dynamics – SWOT Analysis, Key Trends and Developments, Growth Drivers & Challenges

By Product – Global Neonatal Intensive Care Market and Forecast

1. Warmers
2. Incubators

Normal Incubators
Transport Incubators
Hybrid Incubators

3. Monitoring Devices
4. Respiratory Devices
5. Phototherapy Equipment
6. Catheters
7. Others

By Application – Global Neonatal Intensive Care and Forecast

1. Neonatal Hypothermia & Low Birth Weight
2. Jaundice
3. Others

By End User – Global Neonatal Intensive Care Market and Forecast

1. Hospitals
2. Maternity Hospitals
3. Neonatal & Pediatric Hospitals

By Region – Global Neonatal Intensive Care Market and Forecast

1. North America

United States
Canada
Mexico

2. Europe

Germany
United Kingdom
France
Italy
Spain
Netherlands
Belgium
Switzerland

3. Asia Pacific

Japan
China
India
Indonesia
South Korea
Australia

4. South America

Argentina
Brazil

5. Middle East and Africa

UAE
Saudi Arabia
South Africa

Global Neonatal Intensive Care Market – Company Profiles

1. Masimo Corporation
2. 3M Company
3. Medtronic PLC
4. Koninklijke Philips N.V.
5. Siemens Healthineers
6. Terumo Corporation
7. AngioDynamics, Inc.
8. Drägerwerk AG & Co. KGaA
9. Inspiration Healthcare Group plc
10. GE HealthCare Technologies Inc.
11. Fisher & Paykel Healthcare Corporation Limited
12. Phoenix Medical Systems (P) Ltd.
13. Becton, Dickinson and Company (BD)
14. B. Braun Melsungen AG

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies:

Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies:

Printable and Non–printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.