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

Global Neonatal Devices Market Insights Forecasts to 2035

• The Global Neonatal Devices Market Size Was Estimated at USD 7.6 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.11% from 2025 to 2035
• The Worldwide Neonatal Devices Market Size is Expected to Reach USD 14.6 Billion by 2035
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Neonatal Devices Market Size was Worth around USD 7.6 Billion in 2024 and is predicted to Grow to around USD 14.6 Billion by 2035 with a Compound Annual Growth Rate (CAGR) of 6.11% from 2025 and 2035. The market for neonatal devices is growing due to rising preterm births, escalating neonatal complications, improved medical technology, increased NICU facilities, and increased awareness and funding to improve newborn healthcare outcomes internationally. 

Market Overview

The Global Neonatal Devices Market Size refers to various medical equipment aimed at monitoring, sustaining, and treating newborns, especially preterm or critically ill newborns. These products are incubators, ventilators, phototherapy machines, and monitoring devices used mainly in neonatal intensive care units (NICUs). Their primary application is in stabilizing critical functions, treating respiratory problems, and providing a safe milieu for neonatal growth. Some of the strengths in this market include ongoing innovation in technology, increasing demand for specialized care, and increased survival rates. Opportunities are increasing in emerging economies due to more healthcare investments, widening NICU infrastructure, and supportive government policies.  

Government policies in the neonatal devices market involve more funding for NICUs, maternal and child health initiatives, subsidies on premium equipment, and training programs to advance neonatal care and decrease infant mortality. Driving factors for neonatal care adoption are the increase in premature births across the world, increased awareness of neonatal care, and heightened focus on lowering infant mortality rates.

Report Coverage

This research report categorizes the neonatal devices market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the neonatal devices market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the neonatal devices market. 

Driving Factors

The neonatal equipment market is fueled by the rising number of preterm births and growing rates of neonatal complications like respiratory distress and infections. Advances in neonatal care equipment technology, such as non-invasive monitoring and portability, are improving the effectiveness and uptake of treatment. Increasing neonatal intensive care unit (NICU) infrastructure, particularly in the developing world, and increasing healthcare spending further drive the market. Also, policies and programs of the government to prevent infant deaths and improve newborn health care outcomes are further fueling demand for sophisticated neonatal devices.

Restraining Factors

The market for neonatal devices is restrained by high costs of equipment, limited availability in low-income countries, scarcity of skilled medical practitioners, and regulatory issues that hamper product approvals and market entry. 

Market Segmentation

The neonatal devices market share is classified into product type, application, and end-user.

• 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 provide a regulated environment critical for the development of premature and sick infants. Developments in technology, such as better thermal control, humidity control, and built-in monitoring systems, are improving their efficacy, leading to remarkable growth in the neonatal care sector.

• The preterm birth complications segment accounted for the largest market in 2024 and is projected to grow at a substantial 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 market in 2024 and is projected to grow at a substantial CAGR during the forecast period. This is due to the high incidence of preterm births worldwide fuels demand for neonatal equipment, used to treat complications such as respiratory distress and hypothermia. Continuous R&D in improving care and outcomes also fuels this segments potential for growth.

• The hospitals segment accounted for the largest market in 2024 and is projected to grow at a substantial 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 market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Neonatal equipment is much sought after with well-equipped NICUs, sophisticated infrastructure, and trained personnel to provide quality treatment. The growth is further supported by the increasing number of hospitals and the continuous expansion of existing neonatal care units.

Regional Segment Analysis of the Neonatal Devices Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the neonatal devices market over the predicted timeframe.

North America is anticipated to hold the largest share of the neonatal devices market over the predicted timeframe. North America is the leading market for neonatal devices, fueled by its established medical infrastructure, high healthcare expenditure, and strong focus on advanced technologies in medicine. The United States is a significant contributor, with many leading firms and research centers specializing in neonatal care. The growth of the market in the region is expected to remain consistent, supported by continuous technological advancements and rising awareness about neonatal health. These factors all contribute to the sustained growth and uptake of neonatal devices in healthcare institutions.

Asia Pacific is expected to grow at a rapid CAGR in the neonatal devices market during the forecast period. The fastest growth of the market in the region is fueled by a rise in population, advancements in healthcare infrastructure, and improved awareness of neonatal care. China, India, and Japan are key drivers, spending significantly on healthcare services and neonatal programs. A decisive focus on neonatal mortality reduction and newborn care quality improvement has the potential to further stimulate the demand for neonatal devices throughout the region, fueling continued market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the neonatal devices market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GE Healthcare
• Dragerwerk 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
• Others 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2025, Dräger expanded its neonatal care portfolio by introducing BiliPredics, a predictive software using NeoPredics' algorithm to forecast bilirubin progression up to 60 hours ahead, aiding timely and informed clinical decisions.

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, 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