Neonatal Care Device Market
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Neonatal Care Device Market Size, Share & Analysis By Type (Incubators, Monitoring Devices, Phototherapy Equipment, Respiratory Devices, Feeding Tubes and Pumps, Infant Warmers, Ventilators), By End-Users (Hospitals, Neonatal Clinics, Homecare Settings), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and Growth Forecast To 2032
Report ID: RV25895 | Published: Nov 2023 | Historical Period: 2018-2021 | Pages: 180 | Price: $3260| Industry: Pharma and Healthcare
Neonatal Care Device Market Overview 2023:
The global Neonatal Care Device Market size is expected to register a rapid revenue CAGR during the forecast period. Various key factors such as rise in the number of preterm and low-weight birth infants, increase in the number of NICU admits, and increased awareness of neonatal care across different developing countries are expected to drive global market growth during the forecast period.
Neonatal care devices are unique medical equipment designed to meet the needs of newborn infants, especially premature or those who have medical conditions that require intense care. These devices are significant in supporting, monitoring, and treating newborns in neonatal intensive care units (NICUs) and other healthcare settings.
Incubators, infant warmers, ventilators, pulse oximeters, apnea monitors, continuous positive airway pressure machines, cardiorespiratory monitors, and phototherapy units are some of the commonly used neonatal care devices. These devices help in monitoring vital signs such as respiratory rate, heart rate, blood pressure, and temperature.
Factors such as high prevalence of neonatal diseases, growing awareness about neonatal health, improving healthcare infrastructure, and high focus on non-invasive technologies are expected to drive global market growth during the forecast period. However, the market is expected to face a few challenges such as higher costs and inadequate infrastructure as these devices require robust infrastructure for its effective operation.
Graphical Overview:
Key Takeaways:
Rise In the Number of Preterm and Low-Weight Birth Infants:
An increase in the incidence of preterm birth is one of the crucial drivers of the neonatal care device market. Premature infants often need specialized medical equipment for their development and survival. Low-weight births could be a result of preterm birth and intrauterine growth restriction. Factors such as maternal health issues, multiple pregnancies, environmental and social factors, and global health challenges among others contribute to the rise in the number of preterm and low-weight birth infants. This can result in higher demand for advanced neonatal care devices.
Inadequate Infrastructure:
Limited healthcare infrastructure could hamper overall market growth during the forecast period. This can hinder the adoption and effective use of neonatal care devices, eventually limiting the impact of these devices to improve the growth of newborns. Further, different aspects such as lack of skilled healthcare professionals, issues in the maintenance of equipment, limited water, electricity, and transport facilities, and economic constraints can hamper neonatal care device market growth going ahead.
Market Opportunities:
Regardless of the challenges faced by the market, growing demand for portable neonatal care devices and favorable support and standards are expected to open new avenues for market players.
Type Outlook:
The global neonatal care device market is segmented based on types including incubators, monitoring devices, phototherapy equipment, respiratory devices, feeding tubes and pumps, infant warmers, and ventilators. Among these, the respiratory devices segment is likely to account for the largest revenue share during the estimated period. This growth can be due to increasing prevalence of respiratory disorders such as RDS and BPD among newborns, ongoing advancements in medical technology, and growing preterm birth rates.
As premature infants have underdeveloped lungs and constrained breathing, devices such as ventilators and CPAP machines ensure adequate oxygen supply and help with proper lung development.
End Use Outlook:
Among the end users, the neonatal clinics segment is likely to record a quick revenue CAGR between 2023 and 2032. This could be due to the high usage of these devices by the clinic to monitor the development and health of infants during routine check-ups and in cases where special care is essential. These devices help to address immediate needs of the infants.
Regional Outlook:
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North America is expected to account for the largest revenue share during the forecast period due to factors such as presence of well-established healthcare systems, availability of advanced neonatal care facilities, high demand for advanced neonatal care devices in hospitals, clinics and home care settings, presence of leading players, and rising investments in R&D projects.
Asia Pacific market revenue is expected to expand at a significant CAGR over the forecast period owing to a rapidly growing market for neonatal care devices. Factors such as increasing preterm birth rates, rapid adoption of advanced medical devices, rising prevalence of various types of neonatal diseases, and favorable government support to improve neonatal health facilities and infrastructure are expected to drive Asia Pacific market growth during the forecast period.
Report Coverage:
| Report Details | Outcome |
| Base Year for Estimation | 2022 |
| Historical Data | 2018-2021 |
| Forecast Period | 2023-2032 |
| Segments Covered | Type, End-User and Region |
| By Type | Incubators, Monitoring Devices, Phototherapy Equipment, Respiratory Devices, Feeding Tubes and Pumps, Infant Warmers, Ventilators |
| By End-users | Hospitals, Neonatal Clinics, Homecare Settings |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Country Scope | United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey |
| Qualitative Info | •Value Chain Analysis •Pricing Analysis •Regional Outlook •Market Trends •Market Share Analysis •Competition Analysis •Technological Advancements |
| Key Players | Medtronic Plc, Philips Healthcare, GE Healthcare, Drägerwerk AG & Co KGaA, Masimo Corporation, Natus Medical Incorporated, Atom Medical Corporation, and Becton, Dickinson, and Company |
| Customization Scope | 10 Hours of Free Customization and Expert Consultation |
Competitive Landscape:
The global reading glasses market is extremely competitive, comprising several key regional and global players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, adapting to evolving technology trends and consumer needs.
Some Leading Market Companies Listed in the Report:
- Medtronic Plc
- Philips Healthcare
- GE HealthCare
- Drägerwerk AG & Co KGaA
- Masimo Corporation
- Natus Medical Incorporated
- Atom Medical Corporation
- Becton, Dickinson, and Company
Neonatal Care Device Industry Recent Developments:
- In August 2023, Cardinal Health announced its next-generation NTrainer System 2.0 which is a medical device specially designed to help premature and newborn infants develop oral coordination skills.
- In February 2023, Laborie Medical Technologies announced the acquisition of Novonate, Inc. and its LifeBubble technology to expand its NICU footprint.
- In April 2019, InnAccel launched SAANS, the world's first portable neonatal CPAP device for babies with respiratory distress syndrome.
The global neonatal care device market has been segmented based on Type, End Use, and Region:
By Type:
- Incubators
- Monitoring Device
- Phototherapy Equipment
- Respiratory Devices
- Feeding Tubes and Pumps
- Infant Warmers
- Ventilators
By End Use:
- Hospitals
- Neonatal Clinics
- Homecare Settings
By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- Asia Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest Of Asia
- Latin America
- Mexico
- Brazil
- Rest Of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest Of MEA
Frequently Asked Questions!
- Medtronic Plc
- Philips Healthcare
- GE HealthCare
- Drägerwerk AG & Co KGaA
- Masimo Corporation
- Natus Medical Incorporated
- Atom Medical Corporation
- Becton, Dickinson, and Company
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