Global Neonatal Intensive Care Market (By Product Type, Application, End User, Regional Analysis, Key Company Profiles, Trends and Recent Developments – Forecast to 2030

The global neonatal intensive care market is poised for significant growth, projected to rise from USD 3.63 Billion in 2024 to approximately USD 4.93 Billion by 2030. This expansion is underpinned by a confluence of demographic, clinical, and technological trends that are reshaping the landscape of neonatal care. The neonatal intensive care unit (NICU) is an intensive care unit designed to provide critical care to newborns facing life-threatening conditions, often due to premature birth. Prematurely born babies often have health issues, such as trouble breathing and gaining weight, and require urgent medical attention. According to the World health organization (WHO) around 15 million babies are born preterm every year globally (which accounts for more than 1 in 10 babies), and this number is accelerating at a rapid pace. NICUs play a pivotal role in addressing this demand by providing a controlled, advanced care environment that supports survival and development in the earliest stages of life. The factors such as the rising incidence of preterm births, increasing prevalence of chronic diseases among newborn babies, and technological advancements in neonatal intensive care devices are likely to propel market growth over the forecast period.

Recent Developments

• In May 2024, Masimo received FDA clearance (510(k)) for the Stork Over-the-Counter Baby Monitoring System, enabling home monitoring of SpO2, pulse rate, and skin temperature in infants up to 18 months old, now available without prescription.
• In January 2024, Inspiration Healthcare Group plc acquired Airon Corporation for USD 2.5 Million. Airon Corporation is a top maker of pneumatic oxygen-powered life support ventilators with diverse applications, including use in MRI machines and transportation for neonates to adults.
• In July 2023, Drägerwerk AG & Co. KGaA received FDA 510(k) approval for its Evita V800, V600, and Babylog VN800 ventilators for use in adults and neonates.

Key Highlights of the Report

• On the basis of product, the respiratory devices segment dominated the neonatal intensive care market in 2024, owing to rising preterm birth, increasing respiratory disorders such as respiratory distress syndrome (RDS), which require the NICU admissions as well as the launch of the new products. According to a report published in the National Center for Biotechnology Information (NCBI), infant respiratory distress syndrome occurs in approximately 7% of all preterm births.
• The neonatal incubators are the pre-requisites of a neonatal intensive care unit, and maintain the thermal stability within the chamber, enhancing the survival rate of the premature newborns. The introduction of highly advanced neonatal incubators by players and an increase in the number of neonatal admissions are fueling the demand for neonatal incubators from healthcare settings.
• Neonatal monitoring devices such as cardiac monitors play a critical role in NICUs by enabling continuous tracking of vital signs in newborns. These devices facilitate real-time measurement of parameters such as blood gases, heart rate, and other essential physiological indicators, ensuring timely detection and intervention for at-risk neonates.
• The global neonatal phototherapy equipment market is set to grow, driven by the rising incidence of neonatal jaundice in both developed and developing countries. Increasing awareness among caregivers about novel treatments and the adoption of advanced technologies further support this trend. According to the Scholars Journal of Medical Sciences, approximately 25-40% of newborns are diagnosed with jaundice annually, highlighting the critical need for effective phototherapy solutions.
• Based on application, the neonatal hypothermia & low birth weight segment dominated the market in 2024. Neonatal hypothermia has been considered a leading cause of mortality and morbidity among preterm and low-birth weight neonates.
• The growing number of births with jaundice in developed and developing countries and rising awareness levels among people regarding novel treatments and adopting the latest technologies are expected to drive the global neonatal intensive care market.
• Based on end users, the neonatal & pediatric hospital facilities dominate the global neonatal intensive care market. Neonatal & pediatric hospitals’ potential to offer round-the-clock care, access to advanced technology, and seamless coordination for neonatal patients solidifies their dominance in the global NICU market.
• The increasing number of maternity hospitals offering neonatal intensive care services worldwide increases the popularity of this segment. Rising adoption of NICUs and the growing number of private maternity clinics integrated with high quality neonatal intensive care departments are likely to boost the growth of this segment over the forecast period.
• In terms of region, North America dominated the global neonatal intensive care market in 2024, followed by Europe. The presence of a well-established healthcare system, along with the strong foothold of major players engaged in the NICU market are propelling the market growth in these regions. Additionally. the rising incidence of preterm births and increasing prevalence of chronic diseases among newborn babies in the region will likely supplement the market growth over the forecast period.
• The Asia Pacific neonatal intensive care market is expected to surpass the growth rates of established markets in North America and Europe, emerging as the fastest-growing region over the forecast period. This growth is underpinned by ongoing improvements in healthcare infrastructure, a growing base of market participants, a high volume of births, and a significant prevalence of preterm deliveries. Additionally, the rising awareness about neonatal care by many healthcare organizations are creating favorable conditions for sustained market expansion in the region.

Apelo Consulting report titled “Global Neonatal Intensive Care Market (By Product Type, Application, End User, Regional Analysis, Key Company Profiles, Trends and Recent Developments – Forecast to 2030” provides a comprehensive analysis of the fast–evolving Global Neonatal Intensive Care Market landscape.

This 100 Pages report with 44 Figures and 8 Tables has been analyzed from 9 viewpoints:

1. Global Neonatal Intensive Care Market and Forecast (2021 – 2030)

2. Global Neonatal Intensive Care Market Share and Forecast (2021 – 2030)

3. By Product – Global Neonatal Intensive Care Market and Forecast (2021 – 2030)

4. By Application – Global Neonatal Intensive Care Market and Forecast (2021 – 2030)

5. By End User – Global Neonatal Intensive Care Market and Forecast (2021 – 2030)

6. By Region – Global Neonatal Intensive Care Market and Forecast (2021 – 2030)

7. Global Neonatal Intensive Care Market – Recent Developments

8. Global Neonatal Intensive Care Market – Company Profiles

9. Global Neonatal Intensive Care Market Dynamics – Key Trends and Developments, Growth Drivers & Challenges

By Product – Global Neonatal Intensive Care Market and Forecast

1. Warmers

2. Incubators

• Normal Incubators
• Transport Incubators
• Hybrid Incubators

3. Monitoring Devices

4. Respiratory Devices

5. Phototherapy Equipment

6. Catheters

7. Others

By Application – Global Neonatal Intensive Care and Forecast

1. Neonatal Hypothermia & Low Birth Weight

2. Jaundice

3. Others

By End User – Global Neonatal Intensive Care Market and Forecast

1. Hospitals

2. Maternity Hospitals

3. Neonatal & Pediatric Hospitals

By Region – Global Neonatal Intensive Care Market and Forecast

1. North America

2. Europe

3. Asia Pacific

4. South America

5. Middle East and Africa

Global Neonatal Intensive Care Market – Company Profiles

1. Masimo Corporation

2. 3M Company

3. Medtronic PLC

4. Koninklijke Philips N.V.

5. Siemens Healthineers

6. Terumo Corporation

7. AngioDynamics, Inc.

8. Drägerwerk AG & Co. KGaA

9. Inspiration Healthcare Group plc

10. GE HealthCare Technologies Inc.

11. Fisher & Paykel Healthcare Corporation Limited

12. Phoenix Medical Systems (P) Ltd.

Data Source

Apelo Consulting employs comprehensive primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by Apelo Consulting dedicated team of qualified professionals with deep industry experience and expertise. Show more