Neonatal Intensive Care Market Research Report: by Product (Infant Warmers, Incubators, Respiratory Devices, Neonatal Monitoring Devices, Convertible Warmer & Incubators, Phototherapy Equipment, Catheters, Others), End User- Forecast Till 2030

Neonatal Intensive Care Market Scenario

The neonatal intensive care market is expected to grow significantly over the forecast period. It is estimated that the neonatal intensive care market is expected to register a CAGR ~4.99% during the forecast period of 2020–2030 with an estimated market value of 12920.12 million in 2030.

The market is driven by factors such as rising prevalence of diseases in new-born children and increasing neonatal population. According to data published by the Centers for Disease Control and Prevention in January 2017, there were 3,945,875 births in the US in 2017.

On the other hand, the lack of awareness, high cost of equipment, and lack of skilled professionals is restraining the growth of neonatal intensive care market. For instance, according to a report published by the International Journal of Neonatal Screening in September 2018, the reports of false positive cases in neonates are increasing for various diseases.

Moreover, major companies in the market are involved in strategic collaborations and new product launches to brace their position in the market. For instance, PerkinElmer’s QSight 210 MD system launched in September 2016, utilizes tandem quadrupole analysis which provides regular robust screening along with higher sensitivity and faster scanning.

Segmentation

The neonatal intensive care market has been segmented into product, and end user. The market, based on product, has been segmented into infant warmers, incubators, respiratory devices, neonatal monitoring devices, convertible warmer & incubators, phototherapy equipment, catheters, and others. The market, by infant warmers, has been segmented into electric infant warmers, and non-electric infant warmers. The market, by neonatal monitoring devices, has been sub-segmented into cardiopulmonary monitor, blood pressure monitor, pulse oximeters, capnographs, and others. The market, by end user, has been segmented into hospitals, childcare clinics, and others.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The neonatal intensive care market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada. The European neonatal intensive care market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The neonatal intensive care market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The neonatal intensive care market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

Global Neonatal Intensive Care Market Share (%), by Region, 2017

Source: World Health Organization (WHO), Institute of Medicine (IOM)

The Americas is expected to dominate the neonatal intensive care market. The rising prevalence of congenital disorders in new-born, increasing neonatal population and government support are driving the growth of the market in the Americas. According to a data published by the Centers for Disease Control and Prevention (CDC) in November 2018, congenital heart defects (CHDs) affect approximately 1% or about 40,000 births per year in the US.

Europe showed a considerable amount of growth in the global neonatal intensive care market. The market growth in this region is because of the presence of a well-established healthcare system and increase in insurance coverage for pets. Also, technological advancements in the industry and government support in terms of National Health Service and health insurance are expected to drive the market growth.

Asia-Pacific is estimated to be the fastest growing region in the market due to increased pet adoptions and rise in the number of animal welfare programs.

On the other hand, the Middle East & Africa has the least share of the market due to the low disposable income. According to the American Society of Hematology (ASH), it led a campaign to fight sickle cell disease in Africa in June 2018. It also urged the governments, particularly in sub-Saharan Africa, to invest in new-born intensive care units for the betterment of the neonates.

Global Neonatal Intensive Care Market, by Product

• Infant Warmers
  
  
  
  • Electric Infant Warmers
  
  
  • Non-Electric Infant Warmers
  
  
  
  


• Incubators


• Respiratory Devices
  
  
  
  • Neonatal Ventilators
  
  
  • Transcutaneous Oxygen/Carbon Dioxide Monitor
  
  
  • Resuscitators
  
  
  • Others
  
  
  
  


• Neonatal Monitoring Devices
  
  
  
  • Cardiopulmonary Monitor
  
  
  • Blood Pressure Monitor
  
  
  • Pulse Oximeter
  
  
  • Capnographs
  
  
  • Others
  
  
  
  


• Convertible Warmer & Incubators


• Phototherapy Equipment


• Catheters


• Others

Global Neonatal Intensive Care Market, by End User

• Hospitals


• Childcare Clinics


• Others

Global Neonatal Intensive Care Market, by Region

• Americas
  
  
  
  • North America
    
    
    
    • US
    
    
    • Canada
    
    
    
    
  
  
  • Latin America
  
  
  
  


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


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


• Middle East & Africa
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Global Neonatal Intensive Care Market, by Key Players

• Becton, Dickinson and Company (BD)


• R. Bard


• Philips


• Teleflex Incorporated


• Utah Medical


• Cook Medical


• Medtronic


• Braun Melsungen AG


• AngioDynamics, Inc.


• Vygon (UK) Ltd.

Intended Audience

• Pharmaceutical Companies


• Research and Development (R&D) Companies


• Government Research Institute


• Academic Institutes and Universities


• Venture capitalists

Report Scope:

Report Attribute/Metric	Details
Market Size	12920.12 Million
CAGR	2020-2030:~4.99%
Base Year	2019
Forecast Period	2030
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product and End User
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Becton, Dickinson and Company (BD), R. Bard, Philips, Teleflex Incorporated, Utah Medical, Cook Medical, Medtronic, Braun Melsungen AG, AngioDynamics, Inc., Vygon (UK) Ltd
Key Market Opportunities	Strategic collaborations and new product launches
Key Market Drivers	The neonatal intensive care market is primarily driven by the growing awareness about neonatal intensive care and the increasing efforts to reduce child mortality.

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