How is the Neonatal Infant Care Market Poised for Growth: Trends and Opportunities Through 2034
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How has the neonatal infant care market grown over the years?
The market size of neonatal infant care has seen solid growth in the previous years. Its value is projected to rise from $3.15 billion in 2024 to $3.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. Factors contributing to the growth experienced during the historic period include better survival rates for preterm births, concentration on neonatal nutrition, implementation of maternal and infant healthcare programs, increased understanding about neonatal care, and initiatives on patient rehabilitation and functional restoration.
What Is the forecasted market size and growth rate for the neonatal infant care market?
Anticipations are high for a surge in the neonatal infant care market in the coming years. The projected value of the market is $4.69 billion by 2029, with an 8.3% compound annual growth rate. This projected uptick within the forecast spectrum can be pinned to several factors such as personalized neonatal medicine, advancement in neonatal vaccines, increasing accessibility to neonatal telehealth services, a heightened focus on neonatal neuroprotection, and genetic screening for neonatal disorders. Key trends during this predicted period encompass technological evolution in neonatal apparatus, an amplified focus on developmentally supportive care, home-coming neonatal care solutions, improvements in neonatal imaging, and the rise of sustainable and environmentally friendly neonatal products.
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What are the major factors driving growth in the neonatal infant care market?
The growth of the neonatal infant care market is fuelled by an increase in the number of premature newborn infants. A premature birth signifies when a baby is born prior to 37 weeks of gestation. Sickly and premature infants require neonatal infant care because it ensures a healthy and suitable environment for their growth. For example, according to Statistique Canada, a governmental organization based in Canada, there was a minor rise in births that occurred before 37 weeks of gestation – from 8.2% in 2022 to 8.3% in 2023 in September 2024. This slight increase in preterm births, thus, shows the reason behind the growth of the neonatal infant care market.
What key areas define the segmentation of the global neonatal infant care Market?
The neonatal infant care market 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
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What are the top market players propelling the growth of the neonatal infant care industry?
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
What are the key trends shaping the future of the neonatal infant care market?
Advancements in technology is a prominent trend that is gaining traction in the neonatal infant care market. Dominant firms in this market are intent on unveiling fresh technologies to maintain their status and satisfy consumer needs. For example, in May 2022, Max Ventilator, a medical device manufacturer hailing from India, introduced a groundbreaking all-in-one ventilator for neonatal and adult care. The cutting-edge product operates using non-invasive technology and has multiple functionalities. It can serve for non-invasive ventilation and can also be utilized for oxygen therapy.
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What regions are dominating the neonatal infant care market growth?
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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