DELRAY BEACH, Fla., Aug. 20, 2025 /PRNewswire/ -- The global Neonatal Care Equipment Market, valued at US$2.0 billion in 2024, stood at US$2.06 billion in 2025 and is projected to advance at a resilient CAGR of 5.6% from 2025 to 2030, culminating in a forecasted valuation of US$2.84 billion by the end of the period. The neonatal care equipment market is driven by rising preterm birth rates, advancements in neonatal technology, and increasing government initiatives to reduce infant mortality. Growing investments in NICU infrastructure and heightened awareness about neonatal health further fuel demand for incubators, ventilators, and monitoring systems. However, market growth is restrained by high equipment costs, limited access in low-income regions, and complex regulatory requirements. Additionally, the growing preference for refurbished equipment in cost-sensitive markets hampers the adoption of new technologies, particularly in emerging economies with constrained healthcare budgets. In this report, the market is divided into product, end user, and region.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=412
Browse in-depth TOC on "Neonatal Care Equipment Market"
329 - Tables
65 - Figures
326 - Pages
By 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.
By end users, 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.
By geography, 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.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=412
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.
GE Healthcare (US):
GE HealthCare is among the top manufacturers in the neonatal care equipment market due to its comprehensive product portfolio, global presence, and strong innovation capabilities. The company offers advanced incubators, infant warmers, ventilators, and neonatal monitoring systems integrated with AI and data analytics, ensuring high-quality neonatal care. Its focus on ergonomic design, clinical efficiency, and connectivity in NICU environments has positioned it as a preferred choice among healthcare providers. Its continuous investment in R&D and strategic collaborations with hospitals and research institutes reinforce its leadership. Additionally, GE HealthCare's global distribution network ensures widespread access to its neonatal solutions.
Drägerwerk AG & Co. KGaA (Germany):
Drägerwerk AG & Co. KGaA is among the top manufacturers in the neonatal care equipment market due to its long-standing expertise in neonatal respiratory support and thermal management systems. The company offers high-performance products such as neonatal ventilators, incubators, warmers, and monitoring systems specifically designed for NICU environments. Its strong focus on patient safety, gentle ventilation strategies, and user-friendly interfaces has made its solutions widely adopted across hospitals globally. Its continuous innovation, clinical research partnerships, and emphasis on integrated NICU solutions further enhance its market position. Moreover, its global footprint and after-sales service strengthen its reliability and customer retention.
Koninklijke Philips N.V. (Netherlands):
Philips is among the top manufacturers in the neonatal care equipment market due to its robust portfolio of advanced monitoring systems, incubators, CPAP devices, and imaging technologies tailored for neonatal intensive care. The company's focus on integrated solutions-combining real-time monitoring, smart alarms, and data connectivity-enhances clinical decision-making and infant safety. Philips is known for innovations in non-invasive respiratory support and neonatal MRI-compatible devices. Its strong global presence, strategic collaborations with leading hospitals, and commitment to improving neonatal outcomes through technology-driven care have solidified its leadership. Additionally, its user-centric design and emphasis on reducing caregiver workload boost adoption across NICUs worldwide.
For more information, Inquire Now!
Related Reports:
Respiratory Care Devices Market
Patient Monitoring Devices Market
Top 10 Medical Device Technologies Market
Pulse Oximeter Market
Ventilators Market
Get access to the latest updates on Neonatal Care Equipment Companies and Neonatal Care Equipment Size
About MarketsandMarkets:
MarketsandMarkets has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/neonatal-care-equipment-market-worth-2-84-billion-by-2030-with-5-6-cagr--marketsandmarkets-302534452.html
