Neonatal Intensive Care Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Neonatal Intensive Care Market is segmented by Product (Infant Warmers, Incubators, Neonatal Monitoring Devices, Respiratory Devices, Phototherapy Equipment, Catheters, Others) and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

A neonatal intensive care unit is an intensive care unit (ICU) specializing in the care of ill or premature newborn infants. Preterm births are very high as per the World Health Organization report in 2018. As per the report, it has been reported that every year, an estimated 15 million babies are born preterm and this number is increasing. Moreover, as these newborn babies have more underdeveloped defense systems, they are found more prone to chronic and other diseases like hospital-acquired infections.

Therefore these factors are found to be the major primary reasons for which neonatal intensive care is required. However, decreasing birth rates in developed countries like Japan and lack of awareness and economic constraints in developing and under-developed countries are restraining the growth of this market.

Scope of the Report

A neonatal intensive care unit is an intensive care unit (ICU) specializing in the care of ill or premature newborn infants.

In the report, a detailed analysis of the neonatal intensive care unit market is provided. The market is evaluated by collating revenues generated across segments, categorized by product, and geography.

By Product
Infant Warmers
Incubators
Neonatal Monitoring Devices
Respiratory Devices
Phototherapy Equipment
Catheters
Other Products
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Incubators Segment is Expected to Cover a Large Market Share

A neonatal incubator an enclosure in which an infant can be kept in a controlled environment for its observation and care. The device may also include a heater, a fan, a container for water to add humidity, a control valve through which oxygen may be added, and access ports for nursing care. It is used in preterm births or for some ill full-term babies to observe and treat them under stabalized environment. It may additionally be used to evaluate and treat sick neonates.

According to Center for Disease Control and Prevention, between the years 2014 and 2016, the preterm birth rate rose by 3% in the United States, from 9.57% in 2014 to 9.63% in 2015 to 9.85% in 2016. It has been found that preterm birth babies may require more additional care. Hence, they may be kept under incubators for observation. As a result, the increasing preterm birth rate is expected to increase the demand for neonatal incubators, which will help the growth of this market.

preterm birth.png

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North America is Expected to Dominate the Neonatal Intensive Care Market

North America includes the United States (US), Canada and Mexico. The US and Canada have well structured and developed healthcare systems. These countries are found promoting research and development for pharmaceutical devices and hence have very high expenditure on healthcare. As a result of these policies, many companies globally are encouraged to operate in this region.

Moreover, most of the population in developed countries like US and Canada are covered under medical and health issurance and hence, are able to afford these care units. Hence, the North American region is expected to cover a large share of the neonatal intensive care market.

Neonatal Intensive Care Market 2

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Competitive Landscape

Majority of the neonatal intensive care instruments and devices are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the increase in awareness, that helps in the growth of the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidence of Preterm Births

      2. 4.2.2 Increasing Prevalence of Chronic Diseases Among the Newborn Babies

      3. 4.2.3 Technological Advancements in Neonatal Intensive Care Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness and Economic Constraints in Developing Countries

      2. 4.3.2 Decreasing Birth Rates in Developed Countries

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Infant Warmers

      2. 5.1.2 Incubators

      3. 5.1.3 Neonatal Monitoring Devices

      4. 5.1.4 Respiratory Devices

      5. 5.1.5 Phototherapy Equipment

      6. 5.1.6 Catheters

      7. 5.1.7 Other Products

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Becton, Dickinson and Company

      3. 6.1.3 Cook Group

      4. 6.1.4 Digicare Biomedical Technologies Inc

      5. 6.1.5 Medtronic plc

      6. 6.1.6 Koninklijke Philips N.V

      7. 6.1.7 Phoenix medical Systems

      8. 6.1.8 Smiths Medical

      9. 6.1.9 Teleflex Incorporated

      10. 6.1.10 Utah Medical Products Inc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Neonatal Intensive Care Market market is studied from 2018 - 2026.

The Neonatal Intensive Care Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Becton, Dickinson and Company, Medtronic PLC, Koninklijke Philips N.V, Smiths Medical, Cook Group are the major companies operating in Neonatal Intensive Care Market.

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