Global Neonatal Monitors Market - 2024 - 2031

Report Overview

The Global Neonatal Monitors Market reached US$ 8.20 billion in 2023 and is expected to reach US$ 13.68 billion by 2031 growing with a CAGR of 6.7% during the forecast period 2024-2031.

Neonatal monitoring devices are specialized medical instruments designed to continuously track the vital physiological parameters of newborns, especially those who are born prematurely or are critically ill. These devices are essential in neonatal care, as they monitor key indicators such as heart rate, respiratory rate, oxygen saturation, and blood pressure.

The primary purpose of these devices is to enable early detection of health issues and facilitate timely interventions, which ultimately enhance the survival rates and overall health outcomes for vulnerable infants in neonatal intensive care units (NICUs) and other healthcare environments.

Market Dynamics: Drivers

Rising preterm birth rates and technological advancements

The demand for the global neonatal monitors market is driven by multiple factors. One of the primary factors is the rising preterm birth rates and technological advancements. Preterm birth is a significant public health issue and is recognized as the leading cause of neonatal mortality worldwide, contributing to approximately one million deaths each year. The complications associated with preterm birth are severe and multifaceted, impacting not only immediate survival but also long-term health outcomes for affected infants.

According to an NCBI research publication in November 2023, approximately 10% of all pregnancies worldwide result in preterm births, equating to an estimated 13.4 million infants born prematurely each year. With the rising rates of preterm births, the neonatal monitors market has seen significant growth, primarily fueled by advancements in technology. Innovations in monitoring devices have led to the creation of integrated systems that continuously provide real-time data on essential vital signs, including heart rate, respiratory rate, and oxygen saturation in newborns. These technological improvements greatly enhance healthcare providers' capacity to deliver prompt and effective care, particularly in neonatal intensive care units (NICUs), where high-risk infants are often treated.

Moreover, key player's strategies such as partnerships & collaborations would propel this market growth. For instance, in February 2024, Infosys Foundation, the philanthropic arm of Infosys, announced a collaboration with the Centre for Cellular and Molecular Platforms (C-CAMP) to launch the 'C-CAMP-Infosys Foundation Project Early Life'. This project aims to bolster maternity care for expectant mothers and newborns in Karnataka using innovative medical technologies. Infosys Foundation has committed ₹8.5 crore towards this project. A neonatal Continuous Positive Airway Pressure (CPAP) device, which provides respiratory support for newborns in distress, will be made available across critical care newborn units in district and taluk hospitals.

Similarly, in January 2024, Arab Health will showcase innovative technologies in labor delivery and neonatal care, introducing a new feature called the Smart Hospital and Interoperability Zone in collaboration with Cleveland Clinic Abu Dhabi. Located within the Healthcare Transformation sector, the zone will include four demonstration rooms, one of which will focus specifically on labor, delivery, and neonatal care. Visitors will gain insights into the latest advancements in birth-related technologies, such as electronic fetal monitoring, ultrasonography, blood pressure monitoring, and maternal/fetal pulse oximetry.

Restraints

Factors such as stringent regulatory requirements, high costs of advanced equipment, and limited awareness & training among people are expected to hamper the market.

Market Segment Analysis

The global neonatal monitors market is segmented based on product type, portability, end-user, and region.

The integrated monitoring devices segment accounted for approximately 53.8% of the global neonatal monitors market share

The integrated monitoring devices segment is expected to hold the largest market share over the forecast period. This segment is driven by technological advancements and a growing need for comprehensive neonatal care, these devices integrate multiple monitoring functions into one unit. This enables the continuous tracking of various vital signs in newborns, which is essential for the care of high-risk infants in neonatal intensive care units (NICUs).

These devices are capable of monitoring vital parameters simultaneously, including heart rate, respiratory rate, oxygen saturation, and blood pressure, thereby offering a comprehensive overview of the infant's health condition.

Moreover, key players in the industry have technological advancements and innovative launches driving this segment's growth in the market. For instance, in April 2023, Motherhood Hospitals, a prominent network of women's and children's hospitals in India, introduced a remote patient monitoring system known as NICU Live. This innovative technology offers virtual neonatal care to newborns in rural and semi-urban regions of the country. The name NICU Live is derived from Neonatal Intensive Care Units (NICUs). The primary goal of this service is to reduce the disparity in access to specialized neonatal care between urban and rural areas in India.

Similarly, in November 2023, The NeoIPC Consortium officially launched a new surveillance toolkit designed to assist neonatal intensive care units (NICUs) in monitoring and preventing hospital-acquired infections (HAIs) among high-risk newborns, particularly very preterm infants. This toolkit is freely accessible online and equips NICUs with vital resources to gather data on infection rates and associated risk factors, enabling them to make informed, evidence-based decisions regarding their infection prevention and control (IPC) measures. The toolkit is part of a broader initiative to enhance IPC practices and reduce the incidence of HAIs in vulnerable newborn populations.

Market Geographical Analysis

North America accounted for approximately 44.2% of the global neonatal monitors market share.

North America region is expected to hold the largest market share over the forecast period owing to the increasing prevalence of preterm and low-birth-weight infants is a major factor driving growth in the neonatal monitors market. Each year, an estimated 15 million babies are born before reaching full term, with a substantial portion needing specialized monitoring and care to manage the complications associated with premature birth. This growing population of high-risk newborns necessitates advanced monitoring solutions in neonatal intensive care units (NICUs) to ensure their health and survival.

Moreover, in this region, a major number of key players' presence, well-advanced healthcare infrastructure, product approvals, key players' investments in the NICU, and government initiative helps to drive this market growth. For instance, in May 2023, Sibel Health announced significant advancements in neonatal and infant monitoring by obtaining FDA clearance for its ANNE One platform, which was revealed at the International Newborn Health Conference. This new clearance allows for continuous wireless monitoring of vital signs in neonates and infants, including those born at any gestational age up to two years old.

Also, in January 2023, in the U.S. MetroHealth is set to unveil its advanced Birthing Center and Neonatal Intensive Care Unit (NICU) as part of a $1 billion transformation of its main campus in Cleveland's Clark-Fulton neighborhood. The center features ten birthing rooms designed to provide flexible options during labor. These rooms are enhanced with natural light and patient-controlled mood lighting in soothing colors to create a calming environment tailored to each patient's needs. Additionally, each labor and delivery room is equipped with a sophisticated wireless fetal monitoring system, and there is dedicated space for newborn care within the birthing rooms.

Market Segmentation

By Product Type

Blood Pressure Monitors

Cardiac Monitors

Pulse Oximeters

Capnographs

Integrated Monitoring Devices

Infant Warmers

Incubators

Respiratory Devices

Neonatal Ventilators

Continuous Positive Airway Pressure (CPAP) Devices

Oxygen Analyzers and Monitors

Others

Others

By Portability

Portable Neonatal Monitoring Devices

Non-Portable Neonatal Monitoring Devices

By End-User

Hospitals

Neonatal Care Centers

Others

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Spain

Italy

Rest of Europe

South America

Brazil

Argentina

The rest of South America

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Middle East and Africa

Market Competitive Landscape

The major global players in the neonatal monitors market include Cardinal Health, Koninklijke Philips N.V., GE HealthCare., Medtronic, Dragerwerk AG & Co. KGaA, Natus Medical Incorporated, Fisher & Paykel Healthcare Limited., Utah Medical Products, Inc., Vyaire Medical, Inc. and Masimo among others.

Key Developments

In June 2024, Owlet introduced its Dream Sock wearable device in the UK and EU, allowing parents to remotely monitor their baby's vital signs. This innovative product is designed to wrap comfortably around a baby's foot, providing real-time tracking of critical health indicators such as pulse rate and oxygen saturation levels.

In April 2024, Drager, a global leader in medical technology, launched the Vista 300 patient monitoring system in India. This innovative system is designed to streamline information flow across hospital departments, providing seamless access to critical patient data throughout the care continuum, from the Emergency Room (ER) to the Intensive Care Unit (ICU) and Neonatal Intensive Care Unit (NICU).

Why Purchase the Report?

To visualize the global neonatal monitors market segmentation based on product type, portability, end-user, and region, and to understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development.

Excel data sheet with numerous neonatal monitors market data points with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping is available in Excel consisting of key products of all the major players.

The global neonatal monitors market report would provide approximately 62 tables, 57 figures, and 182 pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies