Neonatal Intensive Care Market Analysis

Global Neonatal Intensive Care Market Overview

Neonatal Intensive Care Market Size was valued at USD 10.3 Billion in 2023. The Neonatal Intensive Care Market industry is projected to grow from USD 10.81 Billion in 2024 to USD 15.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.43% during the forecast period (2024 - 2032). Increasing preterm births, technological advancements, growing investments in healthcare infrastructure, rising awareness and initiatives, increasing healthcare expenditure, rising incidence of neonatal diseases and disorders, favorable reimbursement policies, research and development activities, are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

In August 2023, Cardinal Health launched the NTrainer™ System 2.0, a sophisticated medical gadget designed to help preterm and newborn newborns develop oral coordination abilities more quickly. These skills are crucial for expediting the shift to autonomous feeding, which could potentially reduce the length of their stay in the neonatal intensive care unit (NICU). The NTrainer™ System employs real-time assessment technology to provide doctors with unbiased data necessary for monitoring an infant's progress in developing pre-feeding skills. Simultaneously, it instills confidence in parents regarding their children's future well-being and potential for success following discharge.

In June 2023, AngelEye Health, a leading provider of solutions to engage families in neonatal and pediatric intensive care units, announced its plan to enhance its Family Engagement Platform with Empower. Empower is an automated Care Pathway that aims to help caregivers and families navigate their stay in the neonatal intensive care unit more efficiently and provide support during their child's transition to at-home care. AngelEye has formed a strategic partnership with UbiCare, a prominent company in the field of digital patient education and engagement initiatives, to help advance the development of this automated patient journey. According to the terms of the agreement, AngelEye will benefit from UbiCare's expertise and successful track record in engaging patients by delivering relevant health information at the right moment throughout their whole treatment process.

Neonatal Intensive Care Market Trends

• Increasing healthcare expenditure is driving the market growth

The market for neonatal intensive care is growing significantly due to rising healthcare costs. It is now possible to expand and improve newborn care facilities as more nations devote more resources to healthcare, especially in developing nations. The demand for products and services related to neonatal intensive care has consequently increased. The construction of well-equipped neonatal intensive care units (NICUs) with cutting-edge amenities and more beds is made possible by rising healthcare spending. These facilities need significant infrastructure, medical gear, and healthcare personnel investments. A bigger volume of newborns in need of intensive care can be admitted and treated when there are more NICU beds available. This expansion responds to the rising need for neonatal intensive care services, particularly in areas where preterm births and neonatal illnesses are more prevalent.

Additionally, increased healthcare spending makes it easier to adopt and use cutting-edge medical technologies to neonatal care. The effectiveness and standard of care offered in NICUs have significantly improved as a result of technological breakthroughs. Modern equipment purchases, such as sophisticated monitoring systems, ventilators, incubators, and phototherapy devices, allow medical practitioners to provide specialised and accurate care to neonates who are premature or severely unwell. These technologies support the monitoring of vital signs, the support of the respiratory system, the control of body temperature, and the treatment of diseases like sepsis, jaundice, and respiratory distress syndrome. The need for neonatal intensive care services is increased by the availability of such cutting-edge technologies, which enhance newborns' chances of survival and long-term health outcomes. In addition, rising healthcare spending helps to retain and attract qualified neonatologists by funding their education and training. For neonates to receive the best care, a team that has received the necessary training is important. Neonatal care demands specialised knowledge and expertise. Competent neonatologists, neonatal nurses, and other healthcare workers are attracted to and retained by competitive remuneration, training programmes, and ongoing professional development. A neonate's overall health and well-being depend on receiving high-quality care, which is only possible with the presence of experienced staff in NICUs. As a result, rising healthcare spending helps to create a skilled and well-resourced neonatal workforce, fueling the expansion of the neonatal intensive care industry. Thus, driving the Neonatal Intensive Care Market revenue.

Neonatal Intensive Care Market Segment Insights

Neonatal Intensive Care Product Insights

The Neonatal Intensive Care Market segmentation, based on Product includes Warmers and Incubators. The incubators category dominated the market in 2022. Key market participants are increasingly introducing highly improved neonatal indicators, and the number of admissions to neonatal from healthcare settings has increased significantly.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Neonatal Intensive Care Type Insights

The Neonatal Intensive Care Market segmentation, based on type, includes Monitoring Devices, Respiratory Devices, Phototherapy Equipment, and Others. The respiratory devices category generated the most income in 2022. Because of the sharp rise in respiratory conditions necessitating NICU stays and the steadily rising number of new and innovative product launches.

Neonatal Intensive Care Application Insights

The Neonatal Intensive Care Market segmentation, based on Application includes Neonatal Hypothermia & Low Birth Weight, Jaundice, and Others. The neonatal hypothermia & low birth weight category dominated the market in 2022. This expansion is primarily sped up by the high prevalence of newborn hypothermia and rising preterm birth rates. 

Neonatal Intensive Care End User Insights

The Neonatal Intensive Care Market segmentation, based on End User includes Hospitals, Maternity Hospitals, and Neonatal & Pediatric Hospital. The hospitals category dominated the market in 2022. The simple accessibility of cutting-edge neonatal equipment and increased government efforts to expand the healthcare sector, particularly on the infrastructure of hospitals, can be credited with the segment market's rise.

Neonatal Intensive Care Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Neonatal Intensive Care Market dominated this market in 2022 (45.80%). There is a sizable population in the APAC region, and birth rates are rising, with a surge in preterm births. Moreover, China’s Neonatal Intensive Care Market held the largest market share, and the Indian Neonatal Intensive Care Market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2 NEONATAL INTENSIVE CARE MARKET SHARE BY REGION 2023 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Neonatal Intensive Care Market is expected to grow at the fastest CAGR from 2023 - 2032. Compared to other locations, North America has a comparatively high preterm birth rate. The need for neonatal intensive care services and goods is fueled by preterm births, which necessitate specialised treatment in neonatal intensive care units (NICUs). Further, the U.S. Neonatal Intensive Care Market held the largest market share, and the Canada Neonatal Intensive Care Market was the fastest growing market in the North America region.

Europe Neonatal Intensive Care Market accounts for the Third-largest market share. Preterm birth rates have increased throughout time in Europe. Preterm birth rates have increased as a result of factors such increased maternal age, repeated pregnancies, and lifestyle changes. Further, the German Neonatal Intensive Care Market held the largest market share, and the UK Neonatal Intensive Care Market was the fastest growing market in the European region

Neonatal Intensive Care Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Neonatal Intensive Care Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Neonatal Intensive Care industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Neonatal Intensive Care industry to benefit clients and increase the market sector. In recent years, the Neonatal Intensive Care industry has offered some of the most significant advantages to medicine. Major players in the Neonatal Intensive Care Market, including Medicor Elektronika, Ningbo David Medical Device Co., Ltd., Zhengzhou Dison Instrument And Meter Co., Ltd, Drägerwerk AG & Co. KGaA, Terumo Corporation, 3M Company, Phoenix Medical Systems Pvt Ltd., Koninklijke Philips N.V, Fanem Medical Devices, Mediprema Group, Siemens Healthcare GmbH, AngioDynamics, GE Company, Vygon (UK) Ltd, Masimo Corporation, Medtronic PLC, Atom Medica, and others, are attempting to increase market demand by investing in research and development operations.

Manufacturer and distributor of industrial goods and services is 3M Co. The company's product line also includes advanced materials, display materials and systems, stationery and office supplies, home care, home renovation, roofing granules, closure and masking systems and other items. Additionally, 3M provides a range of services, including medical, dental, consumer health, food safety, and health information systems. Customers from a variety of industries, including automotive, electronics, health care, safety, energy, and consumer, are served by it. Asia Pacific, Europe, the Middle East, Africa, and the Americas are all regions where the corporation has manufacturing and converting operations. The US city of St. Paul, Minnesota, is home to 3M.

A division of Siemens AG, Siemens Healthineers AG (Siemens Healthineers) is a manufacturer and distributor of diagnostic imaging systems, clinical and workflow systems and solutions, and systems for minimally invasive treatments. The company's key products include mobile C-arms, hybrid operating rooms, angiography systems, ultrasound systems, computed tomography systems, magnetic resonance imaging systems, testing systems, and point-of-care (POC) testing systems. Additionally, it provides business and digital services. Physicians, public health organisations, universities, state-run and private health insurance, pharmaceutical firms, and clinical research institutions are among the healthcare providers served by Siemens Healthineers. The corporation has operations in Asia-Pacific, Europe, the Americas, the Middle East, and Africa. Erlangen, Germany serves as the home base for Siemens Healthineers.

Key Companies in the Neonatal Intensive Care Market include

• Medicor Elektronika


• Ningbo David Medical Device Co., Ltd.


• Zhengzhou Dison Instrument And Meter Co. , Ltd


• Drägerwerk AG & Co. KGaA


• Terumo Corporation


• 3M Company


• Phoenix Medical Systems Pvt Ltd


• Koninklijke Philips N.V


• Fanem Medical Devices


• Mediprema Group


• Siemens Healthcare GmbH


• AngioDynamics


• GE Company


• Vygon (UK) Ltd


• Masimo Corporation


• Medtronic PLC


• Atom Medica

Neonatal Intensive Care Industry Developments

In June 2022 Drager was chosen by Frost & Sullivan for its 2022  New Product Innovation Leadership Award in the respiratory care and neonatal care categories.

In May 2022 The newest line of authorized neonatal ambulances was recently unveiled by Pinnacle Industries, a manufacturer of automotive upholstery, interiors and specialty vehicles in India. To provide babies with the greatest medical care, these ambulances are outfitted with all required medical equipment and cutting-edge technology.

Neonatal Intensive Care Market Segmentation

Neonatal Intensive Care Product Outlook

• Warmers


• Incubators

Neonatal Intensive Care Type Outlook

• Monitoring Devices


• Respiratory Devices


• Phototherapy Equipment


• Others

Neonatal Intensive Care Application Outlook

• Neonatal Hypothermia & Low Birth Weight


• Jaundice


• Others

Neonatal Intensive Care End User Outlook

• Hospitals


• Maternity Hospitals


• Neonatal & Pediatric Hospital

Neonatal Intensive Care Regional Outlook

• North America
  
  
  
  • US.
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America