South Korea Neonatal Intensive Care Market Size, Share, and COVID-19 Impact Analysis, By Product (Incubators, Warmer, Respiratory Equipment, Phototherapy Equipment, Surgical & Monitoring Equipment), By End User (Hospitals, Maternal-Fetal Medicine Centers, and Others), and South Korea Neonatal Intensive Care Market Insights, Industry Trend, Forecasts to 2035

South Korea Neonatal Intensive Care Market Insights Forecasts to 2035

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 According to a Research Report Published by Spherical Insights & Consulting, The South Korea Neonatal Intensive Care Market Size is anticipated to Reach USD 689.21 Million by 2035, Growing at a CAGR of 8.99% from 2025 to 2035. The market is driven by the increasing preterm births, rising awareness of neonatal care, and government initiatives.

Market Overview

Neonatal intensive care includes the equipment and systems used to severely sick or premature newborns including incubators, radiant warmers, respiratory support, phototherapy, and surgical/monitoring devices. In South Korea, demand is maintained by high-standard tertiary hospitals, advanced respiratory support (non-invasive ventilation, HFNC, CPAP), integrated patient monitoring, and increasing use of transition-control facilities. Factors such as advanced maternal age, many births from accessory reproduction, and survival-focused care protocols prefer NICU capabilities. At the same time, procurement emphasizes security, connectivity, and workflow efficiency in public and private hospitals. The developments in medical technology and a growing emphasis on enhancing the health of newborns. Favorable conditions for market expansion are created by the nation's strong government support for maternal and child health, as well as its solid healthcare infrastructure. As medical facilities strive to improve patient care, innovations in neonatal equipment such as incubators, ventilators, and monitoring systems are being widely used.

Report Coverage

This research report categorizes the market for the South Korea neonatal intensive care market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea neonatal intensive care market. Recent market developments and competitive strategies such as expansion, product launch, and 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 South Korea neonatal intensive care market.

Driving Factors

In South Korea, the newborn is greatly affected by the increasing number of precedent lives in the market for intensive care. According to government data, South Korea's birth rate is gradually increasing and has recently reached about 8.5%. This is usually caused by a change in the age and lifestyle of the mother. Because the birth rate of low-weight children is increasing and more advanced newborn care solutions are required, the newborn intensive care sector of the healthcare industry is growing.

Restraining Factors

Budgets in smaller facilities are strained by the high initial and ongoing expenses of ventilators, incubators, and networked monitors. Advanced gadget rollouts are slowed by staffing and training requirements.

Market Segmentation

The South Korea Neonatal intensive care market share is classified by product type and end user

• The respiratory equipment segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea neonatal intensive care market is segmented by product type into incubators, warmers, respiratory equipment, phototherapy equipment, and surgical & monitoring equipment. Among these, the respiratory equipment segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The respiratory distress is the most common NICU intervention, and respiratory devices make up the largest portion. They must be used continuously and require more expensive hardware in addition to recurrent disposables.

• The hospital segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea neonatal intensive care market is segmented by end user into hospitals, maternal-fetal medicine centers, and others. Among these, the hospital segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. They have the funds, personnel, and infrastructure for advanced neonatal care, house Level III/IV NICUs, perform the majority of high-risk deliveries, and are primarily responsible for equipment acquisitions and replacements.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea neonatal intensive care market along with a comparative evaluation primarily based on their product 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 product 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

• Fisher and Paykel Healthcare
• Medtronic
• Natus Medical
• Samsung Medison
• Getinge
• Edan Instruments
• Merit Medical Systems
• Others

Key Target Audience

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

 Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea neonatal intensive care market based on the below-mentioned segments:

South Korea Neonatal Intensive Care Market, By Product Type

• Incubators
• Warmer
• Respiratory Equipment
• Phototherapy Equipment
• Surgical & Monitoring Equipment

South Korea Neonatal Intensive Care Market, By End User

• Hospitals
• Maternal-Fetal Medicine Centres
• Others