Market Forecast News: Neonatal Care Equipment Industry to Hit $2.84B by 2030
The report "Neonatal Care Equipment Market by Product (Neonatal Incubators, Convertible Warmers & Incubators, Respiratory Care Devices (Neonatal Ventilators), Monitoring Devices (Pulse Oximeters)), End User (General and Pediatric Hospitals) - Global Forecast to 2030", is projected to reach USD 2.84 billion by 2030 from USD 2.06 billion in 2025, at a CAGR of 5.6% during the forecast period. Growth in the global fetal and neonatal care equipment market is mainly driven by the huge patient population of preterm and low-weight birth babies in both developed and developing markets, inflow of technologically advanced products, rising awareness across developing nations, and growing number of NICU admissions.
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The rise in multiple and high-risk pregnancies is significantly contributing to the growth of the neonatal care equipment market. Factors such as increased use of assisted reproductive technologies (ART), delayed maternal age, and higher rates of maternal conditions like diabetes and hypertension are driving more complex births. These high-risk pregnancies often lead to premature or low-birth-weight infants who require specialized care immediately after delivery. This has led to growing demand for neonatal equipment such as incubators, ventilators, and monitors in NICUs. As a result, hospitals are increasingly investing in advanced neonatal care devices to manage these critical cases effectively.
The neonatal incubators segment held the largest market share in the neonatal care equipment market, by product.
Based on product, the neonatal care equipment market is divided into neonatal incubators, neonatal respiratory care devices, convertible warmers & incubators, neonatal phototherapy equipment, neonatal monitoring devices, neonatal diagnostic imaging components, infant warmers, and other neonatal care equipment. Technological innovations have led to the development of incubators that can switch between closed (incubator) and open (warmer) modes, improving convenience, infection control, and neonatal outcomes, thereby increasing adoption.
The general hospitals segment held the highest revenue of the neonatal care equipment market in 2024.
Based on end user, the neonatal care equipment market has been categorized into pediatric hospitals, general hospitals, maternity & birthing centers, and other end users. In 2024, general hospitals held the largest market share in the neonatal care equipment market. General hospitals typically have emergency obstetric and surgical care facilities, requiring neonatal intensive care for emergency C-sections, premature births, and high-risk deliveries, further reinforcing equipment demand, hence boosting the market growth.
In 2024, North America accounted for the largest share of the neonatal care equipment market.
The region has a dense network of Level III and IV NICUs, especially in urban and academic hospitals. These units are equipped with advanced monitoring systems, hybrid warmers-incubators, and smart respiratory devices, driving overall market value.
The prominent players in the Neonatal Care Equipment market are Drägerwerk AG & Co. KGaA (Germany), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), Masimo (US), BD (US), Cardinal Health (US), Fisher & Paykel Healthcare (New Zealand), Utah Medical (US), ICU Medical (US), Atom Medical (Japan), Ambu (Denmark), Inspiration Healthcare (UK), Nihon Kohden (Japan), Vyaire Medical (US) and, among others in this market. These players have adopted various growth strategies such as product launches, acquisitions, and expansion to increase their presence and reach in the Neonatal Care Equipment market.
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