Neonatal intensive care market at a CAGR of 6.22% during the forecast period 2024 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Neonatal Intensive Care Market” that contains the information from 2019 to 2032.

The Global Neonatal intensive care Market is estimated to register a CAGR of 6.22% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Global Neonatal Intensive Care Market - GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Schiller Healthcare India Pvt. Ltd. (India), Mindray (China), Drägerwerk AG & Co. KGaA (Germany), Nihon Kohden Corporation (Japan), Medtronic (Ireland), Shenzhen Comen Medical Instruments Co., Ltd. (China), Fanem (Brazil), Natus (US)

Market Highlights

The Global Neonatal intensive care Market is expected to register a CAGR of 6.22% during the forecast period and is estimated to reach USD 17.0 billion by 2032.

The Global Neonatal Intensive Care Market is distinguished by the presence of numerous regional and local players catering to the global Neonatal Intensive Care market. Furthermore, rising incidence of preterm births and the advancements in neonatal care technology is the major factors driving the growth of the global Neonatal Intensive Care market. Additionally, it is also projected that growing investment in R&D is anticipated to create lucrative opportunities for the market.

Access full report @ https://www.marketresearchfuture.com/reports/neonatal-intensive-care-market-7513

Segment Analysis

The Global Neonatal intensive care Market has been segmented based on Product, and End-user.

Based on Product, the global neonatal intensive care market has been segmented into Incubator, Warmer, Respiratory Equipment, Phototherapy Equipment, and Surgical and Monitoring Equipment. The incubator segment held the largest market in 2023, and the respiratory equipment segment is the fastest growing segment during the forecast period. Incubator is further segmented into Open Incubator, Closed Incubator, Transport Incubator and Warmer-Cum-Incubator (Convertible Unit). Warmer is further segmented into Radiant Warmers, Transport Warmers, and others. Respiratory Equipment is further segmented into Resuscitator, Ventilator, CPAP Machines, Oxygen Therapy Devices, and Accessories. Phototherapy Equipment is further divided into Bili Lights, Accessories. Surgical and Monitoring Equipment is further segmented into C-Arm Machine, Defibrillator, Anesthesia Machine, Cardiac Monitors, Pulse Oximeters, Temperature Monitors, Therapeutic Hypothermia (HIE) Equipment, Fetal Monitoring Equipment, and others. Fetal Monitoring Equipment is further bifurcated into External Fetal Monitors and Internal Fetal Monitors.

Based on End user, the global neonatal intensive care market has been segmented into Hospitals and Maternal-Fetal Medicine Centers. The hospitals segment held the largest market in 2023, and the maternal-fetal medicine centers segment is the fastest growing segment during the forecast period.

Hospital segment is driving due to increasing awareness among parents and healthcare providers regarding the importance of neonatal care has led to a greater demand for specialized hospitals. Furthermore, government initiatives and support from organizations such as WHO and UNICEF promote the establishment and expansion of neonatal intensive care units (NICUs). These initiatives often provide funding and resources to healthcare facilities, increasing access to neonatal care. Also, increasing rate of preterm births worldwide significantly contributes to the demand for neonatal intensive care hospitals.

Regional Analysis

Based on region, the Global Neonatal Intensive Care Market has been segmented into North America, Europe, Asia-Pacific, India and Rest of the World. North America accounted for the largest market share in 2023. However, Asia-Pacific is projected to grow at the highest CAGR of 9.84% during the forecast period.

The Neonatal Intensive Care market in North America is rapidly evolving, reflecting significant rise in premature births due to various factors, including maternal health issues, lifestyle choices, and multiple pregnancies. Furthermore, increased awareness regarding neonatal health and advancements in healthcare practices contribute to higher neonatal care. Also, increased spending on healthcare services and infrastructure supports the expansion of neonatal intensive care.

The Neonatal Intensive Care market in Europe is experiencing significant growth, driven by growing public awareness regarding neonatal health and the importance of specialized care boots the demand of NICU service. Furthermore, high level of technological innovation in neonatal products, ensuring better patient outcomes.

Asia-Pacific region, with countries like India and China, continues to have a relatively high birth rate, driving the demand of neonatal intensive care services. Also, increasing number of highly trained neonatologists and healthcare professionals with expertise in neonatal care and rapid expansion of private hospitals and healthcare facilities in countries like China, and Southeast Asia is enhancing the accessibility of neonatal intensive care units (NICUs).

Furthermore, Rest of the world is further divided into Middle East & Africa and South America

Key Findings of the Study

• The Global Neonatal intensive care Market is expected to reach USD 17.0 billion by 2032, at a CAGR of 6.22% during the forecast period.


• The North America Neonatal intensive care Market accounted for USD 4.17 billion in 2023 and is expected to exhibit at 5.27% CAGR during the study period.


• Based on Product, Incubator segment held the majority share in 2023.


• GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Schiller Healthcare India Pvt. Ltd. (India), Mindray (China), Drägerwerk AG & Co. KGaA (Germany), Nihon Kohden Corporation (Japan), Medtronic (Ireland), Shenzhen Comen Medical Instruments Co., Ltd. (China), Fanem (Brazil), Natus (US) are the key market players.

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