Neonatal Infant Care Market Scope, Share Analysis And Growth 2025
Whether you're expanding or optimizing within the neonatal infant care industry, this report offers the clarity and context needed for confident decision-making.
How Much Is The Neonatal Infant Care Market Worth?
The neonatal infant care market size has grown strongly in recent years. It will grow from $3.15 billion in 2024 to $3.4 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to improved preterm birth survival rates, focusing on neonatal nutrition, maternal and infant healthcare programs, increased awareness about neonatal care, patient rehabilitation and functional restoration.
The neonatal infant care market size is expected to see strong growth in the next few years. It will grow to $4.65 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to personalized neonatal medicine, development of neonatal vaccines, neonatal telehealth services, focus on neuroprotection in neonates, genetic screening for neonatal disorders. Major trends in the forecast period include technological advancements in neonatal equipment, increased focus on developmentally supportive care, home-based neonatal care solutions, advancements in neonatal imaging, sustainable and eco-friendly neonatal products.
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What Are The Current Leading Growth Drivers For Neonatal Infant Care Market?
The rise in the number of premature newborn babies is driving the growth of the neonatal infant care market. Premature birth refers to the birth of a child before the completion of 37 weeks of pregnancy. Neonatal infant care is required for premature and sick babies with medical conditions as it provides safe and suitable conditions for the growth of the newborn baby. For instance, in September 2024, according to the Statistique Canada, a Canada-based governmental organization, the proportion of births occurring before 37 weeks of gestation increased slightly from 8.2% in 2022 to 8.3% in 2023, indicating a small upward trend in preterm births. Therefore, the increasing number of premature births is driving the growth of the neonatal infant care market.
Which Segment Accounted For The Largest Neonatal Infant Care Market Share?
The neonatal infant caremarket covered in this report is segmented –
1) By Product Type: Thermoregulation Devices; Phototherapy Devices; Monitoring Systems; Neonatal Hearing Screening; Neonatal Infant Resuscitator Devices; Vision Screening; Others Products
2) By Prenatal And Fetal Equipment: Ultrasound And Ultrasonography Devices; Fetal Doppler's; Fetal Magnetic Resonance Imaging (MRI); Fetal Monitors
3) By Neonatal Equipment: Infant Warmers And Incubators; Phototherapy Equipment; Neonatal Monitoring Devices And Respiratory Assistance; Monitoring Devices
4) By End-User: Hospitals; Nursing Homes; Pediatric And Neonatal Clinics
Subsegments:
1) By Thermoregulation Devices: Infant Warmers; Incubators; Warm Air Blankets
2) By Phototherapy Devices: LED Phototherapy Units; Fiberoptic Phototherapy Systems
3) By Monitoring Systems: Vital Sign Monitors; Cardiac Monitors; Pulse Oximeters
4) By Neonatal Hearing Screening: Automated Auditory Brainstem Response (ABR) Systems; Otoacoustic Emission (OAE) Devices
5) By Neonatal Infant Resuscitator Devices: Bag-Valve-Mask Resuscitators; Neonatal Resuscitation Systems
6) By Vision Screening: Retinal Imaging Systems; Vision Assessment Tools
7) By Other Products: Suction Devices; Feeding Equipment; Accessories And Consumables
Neonatal Infant Care Market Future Trends
Technological advances are a key trend, gaining popularity in the neonatal infant care market. Major companies in the neonatal infant care market are focused on launching new technologies to sustain their position and meet consumer demand. For instance, in May 2022, Max Ventilator, an India-based manufacturer of medical devices, launched an innovative multifunctional ventilator for neonatal and adult care. The new product is functioning on non-invasive technology and has multifunctional capabilities. It can be used for non-invasive ventilation and can be used to provide oxygen therapy as well.
Which Are The Top Companies To Hold The Market Share In Neonatal Infant Care Market?
Major companies operating in the neonatal infant care market are Atom Medical Corp., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GE Healthcare Technologies Inc., Ibis medical equipment and systems Pvt. Ltd., Medtronic PLC, Natus Medical Incorporated, International Biomedical Ltd., Koninklijke Philips NV, Weyer GmbH, Inspiration Healthcare Group PLC, Masimo Corp., CooperSurgical Inc., Abbott Laboratories, Edan Instruments Inc., Medela AG, Nihon Kohden Corporation, Getinge AB, Nice Neotech Medical Systems Pvt. Ltd., Becton, Dickinson and Company, Hill-Rom Holdings Inc., Edwards Lifesciences Corporation, Cardinal Health Inc., Smiths Medical International Ltd., Hamilton Medical AG, Vyaire Medical Inc., Air Liquide Medical Systems Pvt. Ltd., Draeger Medical Systems Inc., Siemens Healthineers AG, Danaher Corporation, B. Braun Melsungen AG
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Which Region Is Projected To Account For The Largest Share Of The Neonatal Infant Care Market?
North America was the largest region in the neonatal infant care market share in 2024. The regions covered in the neonatal infant care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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