Global Neonatal Devices Market Size To Exceed USD 14.6 Billion By 2035 | CAGR Of 6.11%
Category: HealthcareGlobal Neonatal Devices Market Size To Exceed USD 14.6 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Neonatal Devices Market Size is Expected to Grow from USD 7.6 Billion in 2024 to USD 14.6 Billion by 2035, at a CAGR of 6.11% during the forecast period 2025-2035.
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Browse key industry insights spread across 245 pages with 117 Market data tables and figures & charts from the report on the "Global Neonatal Devices Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance Devices, and Others), By Application (Preterm Birth Complications, Neonatal Infections, Congenital Disorders, and Others), By End-User (Hospitals, Neonatal Clinics, Ambulatory Surgical Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/neonatal-devices-market
The market for global neonatal devices includes medical devices such as incubators, ventilators, phototherapy units, and monitoring equipment that are mainly utilized in NICUs to care for preterm and critically sick infants. They maintain life-sustaining functions, treat respiratory conditions, and offer a secure environment to develop. Strengths of the market are ongoing technological advancements, increased demand for specialized care, and improved survival rates. Emerging economies are broadening growth prospects with more investments in healthcare, development of NICU infrastructure, and favorable government initiatives. Governments encourage neonatal care with funding, subsidies, and training initiatives to combat infant mortality. The drivers are the increasing number of premature births, rising neonatal complications, improved awareness, and advances in technology, such as non-invasive monitoring and portable technology. however, high costs of equipment, scarcity in low-income countries, lack of trained professionals, and regulatory hurdles restrained market growth.
The incubators segment accounted for a significant market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the neonatal devices market is divided into incubators, neonatal monitoring devices, phototherapy equipment, respiratory assistance devices, and others. Among these, the incubators segment accounted for a significant market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Incubators create a controlled environment necessary for the development of premature and sick infants. Improvements in thermal management, humidification, and built-in monitoring systems are making them more effective, fueling strong growth in neonatal care.
The preterm birth complications segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the neonatal devices market is divided into preterm birth complications, neonatal infections, congenital disorders, and others. Among these, the preterm birth complications segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The large worldwide preterm birth rate and continued R&D to improve treatment fuel demand and growth in neonatal equipment.
The hospitals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-user, the neonatal devices market is divided into hospitals, neonatal clinics, ambulatory surgical centers, and others. Among these, the hospitals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Demand for neonatal equipment increases with well-stocked NICUs, sophisticated infrastructure, and qualified personnel, aided by the increasing number of hospitals and growth in neonatal care units.
North America is expected to hold the majority share of the global neonatal devices market during the forecast period.
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North America is expected to hold the majority share of the global neonatal devices market during the forecast period. North America leads the neonatal devices market due to its advanced medical infrastructure, high healthcare spending, and focus on innovative technologies. The U.S. drives growth with key companies and research, supported by ongoing innovations and increased neonatal health awareness.
Asia Pacific is anticipated to grow at the fastest pace in the global neonatal devices market during the forecast period. Rapid population growth, healthcare advancements, and a focus on reducing neonatal mortality boost demand, driving strong neonatal devices market growth in the region.
Major vendors in the global neonatal devices market are GE Healthcare, Drägerwerk AG & Co. KGaA, Medtronic, Hamilton Medical, Koninklijke Philips N.V., Becton, Dickinson and Company, Masimo Corporation, Fisher & Paykel Healthcare, Vyaire Medical, Inc., Atom Medical Corporation, Hill-Rom Holdings, Inc., Smiths Medical, Cardinal Health, Inc., Natus Medical Incorporated, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2021, Medtronic launched the SonarMed™ airway monitoring system in the U.S., using acoustic technology to detect endotracheal tube obstructions and verify position in real-time, aiding clinicians in making life-saving decisions for infants.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the neonatal devices market based on the below-mentioned segments:
Global Neonatal Devices Market, By Product Type
- Incubators
- Neonatal Monitoring Devices
- Phototherapy Equipment
- Respiratory Assistance Devices
- Others
Global Neonatal Devices Market, By Application
- Preterm Birth Complications
- Neonatal Infections
- Congenital Disorders
- Others
Global Neonatal Devices Market, By End-User
- Hospitals
- Neonatal Clinics
- Ambulatory Surgical Centers
- Others
Global Neonatal Devices Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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