Neonatal Intensive Care Market Research Report – Forecast till 2032

Neonatal Intensive Care Market Research Report 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 By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032

ID: MRFR/HC/6044-HCR | 160 Pages | Author: Rahul Gotadki | February 2024         

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Global Neonatal Intensive Care Market Overview


Neonatal Intensive Care Market Size was valued at USD 9.9 Billion in 2022. The Neonatal Intensive Care Market industry is projected to grow from USD 10.3 Billion in 2023 to USD 15.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.99% during the forecast period (2023 - 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.Neonatal Intensive Care Market


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


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.


Figure 1 Neonatal Intensive Care Market by Product, 2022 & 2032 (USD Billion)Neonatal Intensive Care Market by Product, 2022 & 2032


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 2022 (USD Billion)NEONATAL INTENSIVE CARE MARKET SHARE BY REGION 2022


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 to 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



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



Report Scope:

Neonatal Intensive Care Report Scope
Report Attribute/Metric Details
Market Size 2022 USD 9.9 Billion
Market Size 2023 USD 10.3 Billion
Market Size 2032 USD 15.3 Billion
Compound Annual Growth Rate (CAGR) 4.99% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Type, Application, End User and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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,
Key Market Opportunities Expanding consumer demand for pharmacy automation products
Key Market Dynamics An increase in knowledge about pharmaceutical automation




Frequently Asked Questions (FAQ) :

The Neonatal Intensive Care Market size was valued at USD 9.9 Billion in 2022.

The market is projected to grow at a CAGR of 4.99% during the forecast period, 2023-2032.

The key players in the market are 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, and Atom Medica.

The Incubators category dominated the market in 2022.

The Neonatal Hypothermia & Low Birth Weight had the largest share in the  market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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