PUBLISHER: Renub Research | PRODUCT CODE: 1408315
PUBLISHER: Renub Research | PRODUCT CODE: 1408315
Neonatal Intensive Care Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Neonatal Intensive Care Market size is projected to reach around US$ 5.23 Billion by 2030, according to Renub Research. Maternal and toddler health has received global prominence, focusing on prenatal and postnatal care. This proactive technique acknowledges the hyperlink between maternal well-being and neonatal health. Neonatal Intensive Care Units (NICU) are crucial, housing advanced technology and extraordinarily professional experts in caring for newborns, especially premature or medically complicated infants. NICUs address a range of troubles, including respiration difficulty, infections, congenital anomalies, and low delivery weight, tailoring care with professional monitoring, specialized gadgets, and 24/7 attention from neonatologists, nurses, and respiration therapists.
The neonatal intensive care unit environment maintains controlled temperature, lighting, and minimal noise to promote neonatal development. It emphasizes family-centered care that encourages parents to engage in their infant's treatment decisions. This vital facility plays a pivotal role in saving countless infants' lives and minimizing the long-term consequences of prematurity and medical conditions, showcasing the unwavering dedication of healthcare providers and ongoing medical advancements to give even the most fragile newborns the best possible chance for a healthy future.
Global Neonatal Intensive Care Market is anticipated to register a CAGR of 6.04% from 2023 to 2030
The worldwide surge in neonatal illnesses and problems has heightened the demand for neonatal intensive care (NICU) offerings. Contributing elements encompass maternal infections, such as rubella and the Zikavirus that can result in congenital problems necessitating NICU care. Premature births with underdeveloped organs and vulnerable immune structures increase the chance of situations like breathing problem syndrome, accentuating the importance of NICUs. Also, congenital anomalies like heart defects are regularly named for immediate NICU intervention. The developing requirement for a specialized NICU to care for sensitive toddlers underscores its pivotal position in their well-being and long-term outcomes.
Moreover, the increasing disposable earnings in numerous international locations are essential in increasing the neonatal intensive care market. As family incomes push upward, households find it more affordable to access neonatal extensive care (NICU) offerings, which may often be high-priced. This financial accessibility ensures that a broader populace can avail themselves of the specialized care provided in NICUs. As a result, households are highly prepared to offer their untimely or critically ill infants the incredible medical attention and guidance they need to thrive, further underscoring the importance of NICUs in enhancing neonatal consequences and normal infant health.
Expanding the neonatal intensive care unit equipment market is significantly aided by increased healthcare spending, better infrastructure, and global emphasis on maternal and child health. In the U.S., the 2023 spending bill allocated an extra $200 million for NICUs, supporting initiatives like improved access, care quality, and research. This worldwide recognition of neonatal care's significance stems from understanding neonatal issues' long-lasting effects. Enhanced healthcare infrastructure extends NICU access to remote regions. Increased spending not only maintains cutting-edge NICUs but also fuels research, providing healthcare providers with the tools to enhance neonatal survival and long-term health continually. The global neonatal intensive care market was valued at US$ 3.47 Billion in 2023.
Incubators persistently thrive in the global neonatal intensive care market due to their indispensable role in nurturing the most fragile infants
By Products, the Global Neonatal Intensive Care Market is segmented into Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, and Others. Incubators are sophisticated devices that replicate the protecting environment of the womb, maintaining a stable temperature, humidity, and oxygen stages critical for untimely and seriously ill newborns. The growing occurrence of untimely births and neonatal diseases drives the demand for incubators. Advancements in technology have brought about more precise and adaptable incubators, fostering increased outcomes. Furthermore, the worldwide emphasis on maternal and child fitness and persevered funding in healthcare infrastructure ensure that neonatal care, together with incubator utilization, remains a priority for healthcare systems, promoting their continued growth in the neonatal intensive care unit equipment market.
Pediatric clinics and childcare services are experiencing robust growth in the global neonatal intensive care market
By end-user, the Global Neonatal Intensive Care Market is fragmented into hospitals and neonatal, pediatric hospitals, pediatric clinics and childcare, and others. The worldwide neonatal intensive care market is poised for growth in pediatric clinics and childcare services. The rise in neonatal diseases, connected to maternal age, assisted reproductive technology, and environmental impacts, spurs the demand for intensive neonatal care. A substantial investment in healthcare infrastructure extends access to neonatal care, while heightened awareness of early formative year's development increases the need for superior pediatric facilities. Growing disposable incomes make such services more reachable. Furthermore, technological advances in neonatal diagnosis and remedy and progressed care in pediatric centers power the pediatric clinics and childcare sector's expansion, addressing the escalating incidence of neonatal diseases globally.
China's market share is rapidly growing in the global neonatal intensive care market
By Countries, the Global Neonatal Intensive Care Market is split into the US, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Indonesia, Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, and Rest of the world. The China neonatal intensive care market is the world's fastest developing. A rising prevalence of neonatal diseases and disorders linked to increasing maternal age, higher ART prices, and environmental pollutants spurs NICU demand. The Chinese government's considerable investments in healthcare infrastructure, which include NICUs, make them more accessible.
Increasing awareness of neonatal intensive care pushed by authority's campaigns and more health statistics availability further fuels neonatal intensive care equipment market growth. Also, growing disposable earnings make NICU services cheaper, and authorities guide market improvement through infrastructure investments and technological improvements in NICU facilities.
Key Players
Masimo Corporation, 3M Company, Medtronic PLC, Koninklijke Philips N.V, Siemens Healthcare Gmbh, Terumo Corporation, Angio Dynamics, and Dragerwerk AG & Co. KGaA are the prominent players in the global neonatal intensive care market.
For instance - Automotive seating, interiors, and specialty vehicle manufacturer Pinnacle Industries unveiled its newest authorized neonatal ambulances in May 2022. These ambulances were created especially for the Maharashtra Government of India. These ambulances are outfitted with cutting-edge medical equipment and facilities to provide newborns with the best care possible.
Renub Research report titled "Global Neonatal Intensive Care Market Global Forecast By Products (Warmers, Incubators, Monitoring Devices, Respiratory Devices, Phototherapy Equipment, and Others), By End-User (Hospital & Neonatal Pediatric Hospital, Pediatric Clinics & Childcare, and Others), Countries (United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Indonesia, Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, and Rest of the world), Companies (Masimo Corporation, 3M Company, Medtronic PLC, Koninklijke Philips N.V, Siemens Healthcare Gmbh, Terumo Corporation, Angio Dynamics, and Dragerwerk AG & Co. KGaA)" provides a detailed and comprehensive insight of the Global Neonatal Intensive Care Industry.
Products - Global Neonatal Intensive Care Market breakup from 6 viewpoints:
- 1. Warmers
- 2. Incubators
- 3. Monitoring Devices
- 4. Respiratory Devices
- 5. Phototherapy Equipment
- 6. Others
End-User - Global Neonatal Intensive Care Market breakup from 3 viewpoints:
- 1. Hospital & Neonatal Pediatric Hospital
- 2. Pediatric Clinics & Childcare
- 3. Others
Countries - Global Neonatal Intensive Care Market breakup from 21 Countries viewpoints:
- 1. North America
- 1.1. United States
- 1.2. Canada
- 2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Italy
- 2.5. Spain
- 2.6. Switzerland
- 3. Asia Pacific
- 3.1. Japan
- 3.2. China
- 3.3. India
- 3.4. South Korea
- 3.5. Indonesia
- 3.6. Australia
- 4. Latin America
- 4.1. Mexico
- 4.2. Brazil
- 4.3. Argentina
- 5. Middle East & Africa
- 5.1. Saudi Arabia
- 5.2. South Africa
- 5.3. United Arab Emirates
- 6. Rest of World
All companies have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue
Company Analysis:
- 1. Masimo Corporation
- 2. 3M Company
- 3. Medtronic PLC
- 4. Koninklijke Philips N.V
- 5. Siemens Healthcare Gmbh
- 6. Terumo Corporation
- 7. Angio Dynamics
- 8. Dragerwerk AG & Co. KGaA
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Neonatal Intensive Care Market
6. Market Share Analysis - Global Neonatal Intensive Care Market
- 6.1 By Product
- 6.2 By End User
- 6.3 By Countries
7. Products - Global Neonatal Intensive Care Market
- 7.1 Warmers
- 7.2 Incubators
- 7.3 Monitoring Devices
- 7.4 Respiratory Devices
- 7.5 Phototherapy Equipment
- 7.6 Others
8. End Users - Global Neonatal Intensive Care Market
- 8.1 Hospital & Neonatal Pediatric Hospital
- 8.2 Pediatric Clinics & Childcare
- 8.3 Others
9. Countries - Global Neonatal Intensive Care Market
- 9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.2 Europe
- 9.2.1 Germany
- 9.2.2 United Kingdom
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.6 Switzerland
- 9.3 Asia Pacific
- 9.3.1 Japan
- 9.3.2 China
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Indonesia
- 9.3.6 Australia
- 9.4 Latin America
- 9.4.1 Mexico
- 9.4.2 Brazil
- 9.4.3 Argentina
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 South Africa
- 9.5.3 United Arab Emirates
- 9.6 Rest of World
10. Porter's Five Forces Analysis - Global Neonatal Intensive Care Market
- 10.1 Bargaining Power of Buyers
- 10.2 Bargaining Power of Suppliers
- 10.3 Degree of Rivalry
- 10.4 Threat of New Entrants
- 10.5 Threat of Substitutes
11. SWOT Analysis - Global Neonatal Intensive Care Market
- 11.1 Strength
- 11.2 Weakness
- 11.3 Opportunity
- 11.4 Threat
12. Key Players Analysis
- 12.1 Masimo Corporation
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 Revenue Analysis
- 12.2 3M Company
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 Revenue Analysis
- 12.3 Medtronic PLC
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 Revenue Analysis
- 12.4 Koninklijke Philips N.V
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 Revenue Analysis
- 12.5 Siemens Healthcare Gmbh
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 Revenue Analysis
- 12.6 Terumo Corporation
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 Revenue Analysis
- 12.7 AngioDynamics
- 12.7.1 Overview
- 12.7.2 Recent Development
- 12.7.3 Revenue Analysis
- 12.8 Dragerwerk AG & Co. KGaA
- 12.8.1 Overview
- 12.8.2 Recent Development
- 12.8.3 Revenue Analysis
List of Figures
- Figure-01: Global - Neonatal Intensive Care Market (Billion US$), 2018 - 2023
- Figure-02: Global - Forecast for Neonatal Intensive Care Market (Billion US$), 2024 - 2030
- Figure-03: Product - Warmers Market (Million US$), 2018 - 2023
- Figure-04: Product - Forecast for Warmers Market (Million US$), 2024 - 2030
- Figure-05: Product - Incubators Market (Million US$), 2018 - 2023
- Figure-06: Product - Forecast for Incubators Market (Million US$), 2024 - 2030
- Figure-07: Product - Monitoring Devices Market (Million US$), 2018 - 2023
- Figure-08: Product - Forecast for Monitoring Devices Market (Million US$), 2024 - 2030
- Figure-09: Product - Respiratory Devices Market (Million US$), 2018 - 2023
- Figure-10: Product - Forecast for Respiratory Devices Market (Million US$), 2024 - 2030
- Figure-11: Product - Phototherapy Equipment Market (Million US$), 2018 - 2023
- Figure-12: Product - Forecast for Phototherapy Equipment Market (Million US$), 2024 - 2030
- Figure-13: Product - Others Market (Million US$), 2018 - 2023
- Figure-14: Product - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-15: End User - Hospital & Neonatal Pediatric Hospital Market (Million US$), 2018 - 2023
- Figure-16: End User - Forecast for Hospital & Neonatal Pediatric Hospital Market (Million US$), 2024 - 2030
- Figure-17: End User - Pediatric Clinics & Childcare Market (Million US$), 2018 - 2023
- Figure-18: End User - Forecast for Pediatric Clinics & Childcare Market (Million US$), 2024 - 2030
- Figure-19: End User - Others Market (Million US$), 2018 - 2023
- Figure-20: End User - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-21: United States - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-22: United States - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-23: Canada - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-24: Canada - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-25: Germany - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-26: Germany - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-27: United Kingdom - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-28: United Kingdom - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-29: France - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-30: France - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-31: Italy - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-32: Italy - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-33: Spain - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-34: Spain - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-35: Switzerland - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-36: Switzerland - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-37: Japan - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-38: Japan - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-39: China - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-40: China - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-41: India - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-42: India - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-43: South Korea - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-44: South Korea - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-45: Indonesia - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-46: Indonesia - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-47: Australia - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-48: Australia - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-49: Mexico - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-50: Mexico - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-51: Brazil - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-52: Brazil - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-53: Argentina - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-54: Argentina - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-55: Saudi Arabia - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-56: Saudi Arabia - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-57: South Africa - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-58: South Africa - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-59: United Arab Emirates - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-60: United Arab Emirates - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-61: Rest of World - Neonatal Intensive Care Market (Million US$), 2018 - 2023
- Figure-62: Rest of World - Forecast for Neonatal Intensive Care Market (Million US$), 2024 - 2030
- Figure-63: Masimo Corporation - Global Revenue (Million US$), 2018 - 2023
- Figure-64: Masimo Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-65: 3M Company - Global Revenue (Million US$), 2018 - 2023
- Figure-66: 3M Company - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-67: Medtronic PLC - Global Revenue (Million US$), 2018 - 2023
- Figure-68: Medtronic PLC - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-69: Koninklijke Philips N.V - Global Revenue (Million US$), 2018 - 2023
- Figure-70: Koninklijke Philips N.V - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-71: Siemens Healthcare Gmbh - Global Revenue (Million US$), 2018 - 2023
- Figure-72: Siemens Healthcare Gmbh - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-73: Terumo Corporation - Global Revenue (Million US$), 2018 - 2023
- Figure-74: Terumo Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-75: AngioDynamics - Global Revenue (Million US$), 2018 - 2023
- Figure-76: AngioDynamics - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-77: Dragerwerk AG & Co. KGaA - Global Revenue (Million US$), 2018 - 2023
- Figure-78: Dragerwerk AG & Co. KGaA - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Neonatal Intensive Care Market Share by Product (Percent), 2018 - 2023
- Table-02: Global - Forecast for Neonatal Intensive Care Market Share by Product (Percent), 2024 - 2030
- Table-03: Global - Neonatal Intensive Care Market Share by End User (Percent), 2018 - 2023
- Table-04: Global - Forecast for Neonatal Intensive Care Market Share by End User (Percent), 2024 - 2030
- Table-05: Global - Neonatal Intensive Care Market Share by Countries (Percent), 2018 - 2023
- Table-06: Global - Forecast for Neonatal Intensive Care Market Share by Countries (Percent), 2024 - 2030
