Neonatal Intensive Care Market Research Report – Forecast till 2030

Neonatal Intensive Care Market Information By Product (Warmers and Incubators), By Type (Monitoring Devices, Respiratory Devices, Phototherapy Equipment, and Others), By Application (Neonatal Hypothermia & Low Birth Weight, Jaundice, and Others), By End User (Hospitals, Maternity Hospitals, and Neonatal & Pediatric Hospital), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/HC/6044-HCR | February 2023 | Region: Global | 160 Pages         

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Neonatal Intensive Care Market

Neonatal Intensive Care Market Is Expected To Register A CAGR 4.99% During The Forecast Period of 2020–2030

By Product Infant Warmers Incubators Respiratory Devices Neonatal Monitoring Devices Convertible Warmer & Incubators Phototherapy Equipment Catheters
By End User Hospitals Childcare Clinics Others
Key Players
Companies Profiled   Becton    Dickinson and Company (BD)   R. Bard   Philips   Teleflex Incorporated   Utah Medical   Cook Medical   Medtronic   Braun Melsungen AG   AngioDynamics
Market Driving Forces   rising prevalence of diseases in new-born children   increasing neonatal population
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Global Neonatal Intensive Care Market Research (MRFR Insights)

The neonatal intensive care market is supposed to develop altogether over the figure period. It is assessed that the neonatal escalated care market is supposed to enlist a CAGR ~4.99% during the gauge time of 2022-2030 with an expected market worth of 12920.12 million out of 2030. An extensive rise in the burden of various types of chronic diseases such as high blood pressure and diabetes along with growing adoption of a sedentary lifestyle are major factors expected to drive the growth of the market during the forecast period. Furthermore, increasing awareness among the population of emerging economies towards the neonatal care and high number of NICU admissions coupled with the growing emphasis of research & development activities are also anticipated to contribute to the neonatal intensive care market growth significantly over the coming years. Moreover, a rapid growth in the birth rates and high need for advanced and high-quality care for newborns especially in developed countries like United States, Canada, and France are likely to influence positively to the demand and growth of the neonatal intensive care market.

COVID-19 Impact Analysis

The COVID-19 pandemic has compelled many companies in the Neonatal Intensive Care sector to suspend operations in order to comply with new government rules aimed at limiting COVID-19 spread. This pause in operations has a direct influence on the revenue flow of the market for neonatal intensive care unit. Moreover, covid-19 also had a significant influence on the services provided by newborn critical care units. Many newborn care services were postponed in order to halt the spread of COVID-19. Hospitals were further under pressure to care for covid-19 patients, which was one of the reasons they were unable to provide newborn critical care services.

Neonatal Intensive Care Market Dynamics

The market is growing due to an increase in the occurrence of neonatal hypothermia and an increase in children born with low birth weight. Neonatal hypothermia is defined as a drop in the new-born’s body temperature. The neonatal intensive care unit (NICU) cares for new-born’s who are born prematurely or with a medical condition that requires treatment. Furthermore, an increase in the occurrence of preterm birth fuels market expansion. Factors such as the mother's medical condition, diabetes, drug use, alcoholism, and repeated pregnancies all contribute to the rise in the occurrence of preterm delivery. Furthermore, the rising incidence of COVID-19 infection and other respiratory illnesses in new-born’s fuels the market growth in coming years.

 Market Drivers

  • Rising preterm births

The rising burden of chronic diseases such as diabetes and high blood pressure, as well as an increase in the adoption of a sedentary lifestyle, are some of the key reasons contributing to the increasing number of preterm deliveries worldwide. According to 2021 research issued by the Centers for disease control and prevention (CDC), gestational diabetes affects between 2% and 10% of pregnancy cases in the United States. The neonatal care equipment market is expected to develop due to rising preterm birth rates worldwide and increased demand for high-quality infant care.

Market Restraints:

  • High cost of raw materials

High cost of maintenance and purchase of neonatal intensive care equipment and low accessibility to this care equipment in low and medium sized economies are key factors expected to hamper the growth and demand of the market over the forecast period. In addition, high entry barriers for new market players and various stringent regulations on child healthcare are likely to be key restraining factor for the market.

Market Opportunities:

  • Increasing adoption of telemedicine along with internet of things (IoT)

Telehealth enables patients and doctors to consult over the phone. The baby's parents can openly talk with the doctor and other caretakers. This also aids in patient compliance following follow-up. Many parents are unable to follow-up for a variety of reasons connected to their child. Tele consults allow you to relax with your kid in the comfort of your own home while discussing your concerns about your child's health. More crucially, the Internet of Things has allowed us to link our ordinary things to the internet and track our daily activities.

Neonatal Intensive Care Market Segmentation

Product Insights

The Neonatal Intensive Care market segmentation Based product, is divided into warmers and incubators. The incubators segment accounted for the largest market share in 2021 and expected to maintain its position throughout the forecast period. The growth of the segment market is mainly driven rising introduction of highly advanced neonatal Indicators by key market players and extensive rise in the number of admissions related to neonatal from healthcare settings. Moreover, the warmers segment is expected to grow at fastest growth rate over the forecast period owing to rapid rise in the prevalence of respiratory disorders in premature babies across the globe.

Type Insights

Based on Based on type, the Neonatal Intensive Care market segmentation, categorized into monitoring devices, respiratory devices, phototherapy equipment, and others. The respiratory devices segment held the largest market share in 2021 due to a rapid increase in respiratory disorders requiring NICU admissions and continuously increasing number of new and innovated product launches. Furthermore, the phototherapy equipment segment is expected to grow at significant CAGR during the anticipated period. The rising newborn population especially in countries like India and China and growing prevalence of skin related diseases are key factors expected to boost the growth of the segment market.

Application Insights

Based on application, the market is divided into neonatal hypothermia & low birth weight, jaundice, and others. The neonatal hypothermia & low birth weight segment dominated the market in 2021, which is mainly accelerated by rising incidence of preterm birth and high prevalence of neonatal hypothermia. Growing burden of various types of chronic diseases such as diabetes, high blood pressure, and adoption of sedentary lifestyles are few major reasons behind the growing number of preterm births ly.

End User Insights

Based on end user, the market is divided into hospitals, maternity hospitals, and neonatal & pediatric hospital. The hospital segment led the market in 2021 with a holding of significant market share and expected to maintain its dominance over the anticipated period. The growth of the segment market can be attributed to the easy availability of highly advanced neonatal equipment and increased government efforts on the development of healthcare sector and especially on the infrastructure of hospitals. In addition, the presence of well-trained and skilled professionals and increasing number of NICU units across the globe are likely to influence the growth of  market in the near future.

Global Neonatal Intensive Care Market Share, By Region, 2021 (%)
Neonatal Intensive Care Market Share, By Region, 2021
Neonatal Intensive Care Market Overview, by Region

By region, the neonatal intensive care market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America dominates the market with largest revenue share in 2021. Asia-Pacific is to register significant growth rate over the forecast period.

North America

North America region dominated the market in 2021 and is likely to grow at considerable growth rate over the next coming years. Increased healthcare expenditure. Growing consumer spending capacity, increasing awareness towards the availability of innovated and advanced healthcare techniques, and large presence of well-established and prominent market players in the region are key major factors propelling the growth of the market.


Asia Pacific region is expected to register highest growth during the projected period on account on improving healthcare infrastructure, rising awareness regarding neonatal care by many large healthcare organizations, and entrance of market players in the developing countries like India, China, South Korea, and Indonesia. Moreover, increased government favorable initiatives to support the health sector to provide advanced services to patients are further likely to drive the growth of the market in the region.

Neonatal Intensive Care Market Competitive Landscape

The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as GE Company, Masimo Corporation, 3M Company, and Medtronic PLC dominate the market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base.

Prominent players in the neonatal intensive care market research include Dragerwerk AG & Co. KGaA, GE Company, Masimo Corporation, 3M Company, Phoenix Medical Systems Pvt Ltd., Medtronic PLC, Koninklijke Philips N.V, Fanem Medical Devices, Atom Medica, Mediprema Group, and Siemens Healthcare GmbH.

Scope of the Neonatal Intensive Care Market Report

Product Outlook

  • Warmers

  • Incubators

Type Outlook

  • Monitoring Devices

  • Respiratory Devices

  • Phototherapy Equipment

  • Others

Application Outlook

  • Neonatal Hypothermia & Low Birth Weight

  • Jaundice

  • Others

End User Outlook

  • Hospitals

  • Maternity Hospitals

  • Neonatal & Pediatric Hospital

Region Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East

    • Africa

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

Neonatal Intensive Care Market forecast and Size:

To identify and estimate the market size for the neonatal intensive care market report segmented by product, type, application, end user and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of neonatal intensive care market forecast between 2020 and 2030

Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the neonatal intensive care market growth

Market Influencing Factors:

To find out the factors which are affecting the neonatal intensive care market among consumers

Impact of COVID-19:

To identify and understand the various factors involved in the market affected by the pandemic

Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Neonatal Intensive Care Manufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

Report Scope:

Report Attribute/Metric Details
  Market Size   12920.12 Million
  CAGR   2022-2030:~4.99%
  Base Year   2021
  Forecast Period   2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Type, Application, and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World(RoW)
  Key Vendors   Dragerwerk AG & Co. KGaA, GE Company, Masimo Corporation, 3M Company, Phoenix Medical Systems Pvt Ltd., Medtronic PLC, Koninklijke Philips N.V, Fanem Medical Devices, Atom Medica, Mediprema Group, and Siemens Healthcare GmbH.
  Key Market Opportunities   Growing popularity of popularity of pharmacy automation products
  Key Market Drivers   Rise in awareness about the pharmacy automation

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Frequently Asked Questions (FAQ) :

The market forecast period is 2022 - 2030

The market is expected to grow at a CAGR of 4.99% over the next 10 years, according to the market research.

Asia-Pacific is expected to register the highest CAGR during 2022 – 2030

The market size is expected to be USD 12920.12 million by 2030.

North America held the largest share in 2021

The major companies operating in the market includes Dragerwerk AG & Co. KGaA, GE Company, Masimo Corporation, 3M Company and Phoenix Medical Systems Pvt Ltd.