Neonatal Infant Care Market

Rising rates of preterm births and neonatal mortality to drive the neonatal infant care market

Neonatal Infant Care Market Segmented by Radiant Warmers, Neonatal Incubators, Neonatal Cooling Systems as Thermoregulation Devices and LED Phototherapy Units, CFL Phototherapy Units, Phototherapy Eye Masks as Phototherapy Devices and Neonatal Ventilation, Brain Monitoring, Blood Gas Monitoring Systems, Hearing Screening, Vision Screening

Report ID: PMRREP4157

Number of Pages: 301

Format: PPT*, PDF, EXCEL

Industry: Healthcare

Published Date: December-2022

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Neonatal Infant Care Market Outlook (2023-2033)

Worldwide revenue from the neonatal infant care market stands at US$ 2.2 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 5.6% to reach a valuation of US$ 4.1 Bn by the end of 2033.

Neonatal infant care Market Size (2022)

US$ 2.2 Bn

Projected Market Value (2033)

US$ 4.1 Bn

Global Market Growth Rate (2023-2033)

5.6% CAGR

Market Share of Top 5 Countries


As assessed by Persistence Market Research, hospitals segment is expected to hold a largest market value of US$ 1.3 Bn by 2023. Overall, neonatal infant care market sales account for approximately 19.0% revenue share in the global paediatric care market, which was valued at around US$ 11.8 Bn at the end of 2022.

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Sales Analysis of the Global Market from 2014 to 2022 Vs Market Outlook for 2023 to 2033

The global market for neonatal infant care recorded a historic CAGR of 6.8% in the last 8 years from 2014 to 2022.

Premature babies are more prone to complications like hypothermia because of heat loss, lower fat and glycogen stores, and other factors. The World Health Organization (WHO) estimates that every year, 15 million babies are delivered prematurely, of whom 1 million die each year as a consequence of the increasing preterm problems. The introduction of advanced neonatal infant care technology has remained crucial to managing neonatal health issues. To address the global demand for neonatal infant care, the manufacturers are heavily investing. The demand for neonatal care has increased globally due to technological advances and growing public awareness of pregnancy problems and maternal-foetal health.

The incidence of preterm births and the rising prevalence of hypothermia pose serious health risks and complicate the lives of new-borns. Infections, chronic diseases like high blood pressure and diabetes, and numerous pregnancies are some of the common causes of preterm birth. Additionally, there may be a hereditary connection. The development of treatments to prevent preterm birth will advance with a greater understanding of the mechanisms and causes. The demand for new-born infant care that anticipates to treat the complications associated with preterm births has therefore increased due to the rising number of preterm births and growing concern for their survival.

  • For instance, the Oxford Academic Journal study found that between August 2020 and March 2021, out of 1520 enrolled neonates, between 74% and 77% of the neonates had hypothermia after birth.

Rising awareness of neonatal health due to increased emphasis on technological advancement. For instance, companies who manufacture phototherapy devices with a user-friendly control panel and a blue spectrum radiation source, like the MTTS Firefly, are predicted to benefit from the rapid improvements in technology. Companies are concentrating more on creating LED (Light Emitting Diode) radiation sources due to their low power consumption and superior control over radiation intensity. One of the key factors anticipated to fuel the growth of the global market for neonatal infant care is rising investments made by regional governments as well as key manufacturers in a number of developing nations.

The global market is thus likely to show high growth over the coming years at a CAGR of 5.6% and reach a global market size of US$ 4.1 Bn by 2033.

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What Factors Will Drive the Market to Grow Over Forecast Period?

Rising Awareness Levels about Neonatal Care Equipment”

Various neonatal monitoring, support, and therapeutic care devices are currently affordably accessible. However, the rate at which this equipment has been adopted in low- to middle-income nations has been modest. Several African countries, including Niger, Mali, Chad, and Uganda, have extraordinarily high birth rates when compared to the global average. In any case, despite having high rates of preterm births along with many Asian countries, these countries have not been using modern baby care equipment to a great extent. Future growth of this market would be greatly influenced by increasing awareness of various neonatal infant care devices in these regions.

Companies focusing on improving their distribution network through strategic alliances”

The market for neonatal care equipment is witnessing a collaborative approach between companies and children's hospitals, which is anticipated to strengthen each company's regional distribution network and help hospitals access better technology. For instance, to expand their distribution networks in developing areas, multinational companies like GE Healthcare have entered into strategic relationships with hospitals to supply their neonatal care products.

Increase in Premature Birth and Growing Focus on Maternal Health

The market for neonatal infant care is coping with an increase in demand for thermoregulation devices from developing nations like Egypt and India. To meet the demands of the maternal population, companies with operations or distribution networks in these economies are now concentrating on creating advanced and reasonably priced neonatal solutions.

  • Rising rates of preterm births, healthcare initiatives by respective governments, such as India Newborn Action Plan (INAP) in India and West African Health Organization (WAHO) that prioritize maternal and child health, are the leading reasons of the rise in demand for thermoregulation devices like radiant warmers and neonatal incubators.
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Is there Any Impact on the Growth of the Global Market?

Low Birth Rates in Some Developed Economies”

Extremely low birth rates can be found in countries such as Japan, Singapore, Germany, Italy, and Singapore. In 2010, the birth rate was as low as eight in Germany and nine in Singapore, according to World Bank statistics. It is anticipated that the exceptionally low birth rates in several developed economies, such as the U.K. (13), France (13), and Spain (11), will lead to a low adoption of neonatal care devices in these countries. It is expected that the market growth in these countries will be slowed by the low uptake or declining demand for such products in the majority of developed economies.

“Lack of Product Differentiation”

In many low- to middle-income countries, adoption of neonatal care equipment is incredibly low. Despite low birth rates, developed economies account for the majority of revenue in this market when compared to African or Asian countries. This is partly because there have been few or no new developments in the neonatal care equipment that is now on the market. Due to the exceptionally low rate of product differentiation, emerging economies have very little demand for such technologies. This is anticipated to limit the market's future overall growth.

Country-wise Insights

Why is the U.S. Market Booming?

“High Healthcare Spending”

The U.S. accounted for around 85.1% market share in the North America neonatal infant care market in 2022.

One of the main factors promoting the growth of the neonatal infant care market in the nation is high healthcare spending. The Office of the Actuary of the Centers for Medicare and Medical Services (CMS) predicts that between 2019 and 2028, the nation's total healthcare spending will rise by 5.4%.

Additionally, the U.S. continues to be one of the world's top markets for neonatal infant care, which ensures that manufacturers can see high sales.

Will the UK Be a Lucrative Market for Neonatal infant care Manufacturers?

“Growing Government Support for Neonatal Care”

With a 22.4% market share, the UK holds a significant share in European Market in 2022.

Preterm birth is the primary factor to infant mortality and morbidity in the UK, according to statistics from the National Institute for Health and Care Excellence. Because preterm infants require specific attention and care in the NICU, there is a growing demand for neonatal equipment, which is anticipated to be a major factor in the growth of the UK market for neonatal infant care. Meanwhile, growing government support for neonatal care has led to profitable potential for the UK market for neonatal infant care in the upcoming years.

How is Japan Emerging as a Prominent Market for Neonatal infant care?

“High Infant Mortality Rate to Augment the Market”

Japan held a market share of about 7.1% of the global neonatal infant care market in 2022.

Japan is regarded as one of the nations that provide the best healthcare for infants. According to data released by the Ministry of Health, Labour, and Welfare, around 1,800 infant deaths reported before the age of one year happened in 2017. The nation's high infant mortality rate will create crucial circumstances for market expansion. Additionally, recent technical advancements and high insurance premiums will boost demand in the country further.

Category-wise Insights

Which Product is Driving Growth of the Global Market?

“Crucial Role of Thermoregulatory Devices in Critical Infant Care”

Thermoregulation devices held highest share of around 50.7% of the total neonatal infant care market in 2022.

One of the most vital duties is keeping new-borns and babies in a neutral thermal environment (NTE) and preventing heat loss. A thermostable environment is required to maintain the neonate's body temperature and keep them healthy in cases of chronic cold stress or hypothermia. Since thermoregulation devices are the most crucial devices for the problem of hypothermia to new-born unwell infants, the rising incidence of hypothermia has increased the demand for them, showing a considerable expansion in the market. According to the WHO, hypothermia is a known major factor in neonatal morbidity and mortality for all new-born babies.

Which End User is Expected to Emerge as a Market Leader in the Future?

“Preference for in-Hospital Deliveries and Neonatal Care”

Hospitals held the largest share of about 52.5% with a market value of around US$ 1.2 Bn in 2022.

Majority of the deliveries take place in hospitals, with increasing number of preterm births, neonates are taken care in NICU (Neonatal Intensive Care Unit), Owing such factors hospital is leading the segment.

Competition Landscape

To meet the needs of a growing patient population, companies in the neonatal infant care market are focusing on strategic partnerships with hospitals, clinics. Manufacturers' increasing emphasis on enhancing distribution networks through strategic alliances is reflected in the co - operative approach companies and children's hospitals have taken. This approach aims to strengthen companies' regional distribution networks, enabling hospitals to access better technologies. The companies are also engaging in strategic alliances and acquisitions to broaden their sales presence internationally.

Key instances include:

  • In Jan 2021, Drägerwerk AG & Co. KGaA and Breas Medical entered into a strategic partnership in order to provide mechanical ventilator technology to skilled nursing facilities (SNF) and long-term acute care (LTAC) in the U. S.
  • In Feb 2019, Nymphaea, a portable device that can be used in conjunction with any warmer, bassinet, or incubator, was a new infant care phototherapy product from Phoenix.

Neonatal Infant Care Industry Report Scope



Forecast Period


Historical Data Available for


Market Analysis

USD Million for Value

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Argentina
  • Mexico
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Turkey
  • GCC
  • North Africa
  • South Africa

Key Market Segments Covered

  • Product
  • End User
  • Region

Report Coverage

  • Market Forecast
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Key Companies’ Profile

  • GE Healthcare
  • Koninklijke Philips N.V
  • Medtronic plc
  • Drägerwerk AG & Co. KGaA
  • Natus Medical Incorporated
  • Fisher & Paykel Healthcare Limited
  • Masimo Corporation
  • Becton, Dickinson and Company
  • Phoenix Medical Systems (P) Ltd.
  • EDAN
  • Pluss Advanced Technologies
  • Natus Medical
  • Novos Medical Systems
  • Inspiration Healthcare Group
  • Mead Johnson & Company, LLC

Customization & Pricing

Available upon Request

Key Segments Covered in Neonatal Infant Care Industry Research


  • Thermoregulation Devices
    • Radiant Warmers
    • Neonatal Incubators
    • Neonatal Cooling Systems
  • Phototherapy Equipment
    • LED Phototherapy Unit
    • CFL Phototherapy Unit
    • Phototherapy Eye Mask
  • Monitoring Systems
    • Neonatal Ventilation
    • Brain Monitoring
    • Blood Gas Monitoring System
  • Hearing Screening
  • Vision Screening

End User:

  • Hospitals
  • Pediatric and Neonatal Clinics
  • Nursing Homes


  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • GE Healthcare
  • Koninklijke Philips N.V
  • Medtronic plc
  • Drägerwerk AG & Co. KGaA
  • Natus Medical Incorporated
  • Fisher & Paykel Healthcare Limited
  • Masimo Corporation
  • Becton, Dickinson and Company
  • Phoenix Medical Systems (P) Ltd.
  • EDAN
  • Pluss Advanced Technologies
  • Natus Medical
  • Novos Medical Systems
  • Inspiration Healthcare Group
  • Mead Johnson & Company, LLC

Frequently Asked Questions

The global market is currently valued at around US$ 2.2 Bn in 2022.

Sales of the market are set to witness growth at a CAGR of 5.6% and be valued at around US$ 4.1 Bn by 2033.

Demand for the market increased at a 6.8% CAGR from 2014 to 2022.

U.S., China, Germany, the UK, and Japan accounted for the major share in the global market as of year 2022, holding around 61.3% market share.

The U.S. accounts for around 85.1% share of the North American market in 2022.

Latin America accounts for around 6.1% share of the global market in 2022.

Japan held a market share of about 7.1% of the global neonatal infant care market in 2022.

With a 22.4% market share, the UK holds a significant share in European Market in 2022.

Brazil is set to grow with the growth rate of 6.1% over the forecast period.

India is set to grow with the growth rate of 7.5% over the forecast period.

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