Neonatal Intensive Care Market Size, Share, Growth, Trends, Analysis and Forecast 2032

The global neonatal intensive care market size was worth around USD 2.57 billion in 2023 and is predicted to grow to around USD 10.37 billion by 2032 with a compound annual growth rate (CAGR) of roughly 17.89% between 2024 and 2030. The study includes drivers and restraints for the neonatal intensive care market, along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the neonatal intensive care market on a global level.

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Neonatal Intensive Care Market: Overview

The term neonatal intensive care refers to a wide range of medical procedures, tools, and services used to ensure the survival of very sick or premature newborns. Specialized monitoring, breathing support, temperature regulation, nutrition management, infection control, and other interventions may be necessary to meet the specific requirements of neonates in intensive care units. Numerous medications, medical gadgets, and healthcare services geared toward newborn care make up this industry.

In order to give the users of this report a comprehensive view of the neonatal intensive care market, we have included competitive landscape and analysis of Porter’s Five Forces model in the market. The study encompasses a market attractiveness analysis, where product type, end-user, and regional segmentation are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments in the market, including acquisitions & mergers, new product type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the market on the global and regional basis. 

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Neonatal Intensive Care Market Growth

Newborn babies requiring intensive medical attention are frequently admitted into a special area of the hospital called the Neonatal Intensive Care Unit (NICU). A neonatal intensive care unit is sometimes also called as an intensive care nursery (ICN) or newborn intensive care unit (NICU). There are several reasons including prematurity, respiratory distress syndrome (RDS), sepsis or infection, hypoglycemia, perinatal depression, maternal chorioamnionitis owing to which babies are admitted to the NICU. NICU is equipped with incubators, blood pressure monitor, oxygen hood, ventilator, and other equipment.

Increasing cases of premature birth are the major reason for the growth of the neonatal intensive care market. According to the World Health Organization (WHO), each year, about 18 million babies are born preterm, and this number is rising continuously. Additionally, preterm birth complications are one of the leading causes of death among children’s, which was responsible for around 2 million deaths in 2023. According to the WHO, in 2023, preterm birth and insufficient birth weight were responsible for approximately 17% of newborn deaths. There are several complications that babies can suffer from such as intestinal (digestive) problems, breathing concerns, and bleeding in brains. Also, there are chances that babies can suffer from long-standing problems and developmental hindrance. The frequency of central line-associated bloodstream infections (CLABSIs), healthcare-associated pneumonia, and other neonatal hospital-acquired infections are resulting in increased demand for neonatal intensive care market. However, high medical operating cost coupled with preterm birth and lack of appropriate diagnosis to predict the chances of preterm birth may restrain the neonatal intensive care market. Inevitable necessitates of providing neonatal intensive care to premature babies is likely to boost the demand for neonatal intensive care market in the coming years.

Neonatal Intensive Care Market: Segmentation

The study provides a decisive view of the neonatal intensive care market by segmenting the market based on product type, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

Based on product type, the neonatal intensive care market is segmented as infant warmers, incubators, convertible warmer & incubators, neonatal monitoring devices, respiratory devices, phototherapy equipment, catheters, and others. Based on end-user, the neonatal intensive care market is segmented as hospitals, child care clinics, and others. 

Growing occurrences of premature births coupled with increased complications in newborns and the need to detect and monitor them are the major driving factors of neonatal intensive care market. High medical expenses associated with preterm birth; the risk of infant mortality even after using neonatal intensive care and lack of proper diagnosis to foresee the chances of preterm birth are factors that influence the market growth during the forecast period. 

Neonatal Intensive Care Market: Report Scope

Neonatal Intensive Care Market: Regional Analysis

North America dominates the neonatal intensive care market due to rise in government funding and improving awareness about child care in this region. Major market players located in Europe region and their adoption of forward-thinking techniques is driving the growth and development of the market. Developing regions, Asia Pacific and the Middle East and Africa are experiencing a major outburst owing to the increasing incidences of causing gestation defects including preterm birth are creating opportunities in the international neonatal intensive care market. These all factors are likely to drive the Asia Pacific market in the near future. Latin America is another key regional market and is expected to grow moderately in the coming years, owing to rising healthcare infrastructure and raising awareness among the people. The Middle East and Africa region are anticipated to witness significant growth during the forecast period.

Neonatal Intensive Care Market: Competitive Analysis

• Cook Medical
• B. Braun Melsungen AG
• C. R. Bard Inc.
• Medtronic Plc
• Teleflex Incorporated
• Becton
• Dickinson and Company
• Others 

The global neonatal intensive care market is segmented as follows:

By Product Type

• Infant Warmers
• Incubators
• Convertible Warmer & Incubators
• Neonatal Monitoring Devices
• Respiratory Devices
• Phototherapy Equipment
• Catheters
• Others

By End-User Channel

• Hospitals
• Childcare Clinics
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa