Australia Neonatal Critical Care Equipment Market Size & Outlook
Australia neonatal critical care equipment market, 2018-2030 (US$M)
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Australia neonatal critical care equipment market highlights
- The Australia neonatal critical care equipment market generated a revenue of USD 26.4 million in 2023 and is expected to reach USD 43.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, other equipments was the largest revenue generating type in 2023.
- Phototherapy Equipment is the most lucrative type segment registering the fastest growth during the forecast period.
Neonatal critical care equipment market data book summary
| Market revenue in 2023 | USD 26.4 million |
| Market revenue in 2030 | USD 43.3 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Other equipments |
| Fastest growing segment | Phototherapy Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoregulation Equipment, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Other Equipments |
| Key market players worldwide | Draegerwerk AG & Co KGaA, Cardinal Health Inc, Koninklijke Philips NV, Medtronic PLC, GE HealthCare Technologies Inc Common Stock, Vyaire Medical, BD, Fisher & Paykel Healthcare Corp Ltd, Masimo Corp, Phoenix Group Holdings PLC, Natus Medical, Utah Medical Products Inc, Ambu A/S ADR |
Other key industry trends
- In terms of revenue, Australia accounted for 0.9% of the global neonatal critical care equipment market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neonatal critical care equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 760.7 million by 2030.
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Neonatal Critical Care Equipment Market Scope
Neonatal Critical Care Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia neonatal critical care equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neonatal critical care equipment market will help companies and investors design strategic landscapes.
Other equipments was the largest segment with a revenue share of 33.71% in 2023. Horizon Databook has segmented the Australia neonatal critical care equipment market based on thermoregulation equipment, phototherapy equipment, respiratory devices, neonatal monitoring devices, other equipments covering the revenue growth of each sub-segment from 2018 to 2030.
The initiatives to improve antenatal and neonatal care & programs to support pregnant women in the country are expected to boost the demand for the neonatal care equipment market. In addition, the rising prevalence of preterm birth in the country is expected to drive the growth of the market over the forecast period.
According to the Australian Preterm Birth Prevention Alliance, around 26,000 babies are born preterm every year in Australia. Neonatal death is a major concern in Australia, although it has decreased since 2003. According to the Australian Institute of Health and Welfare, in 2020, around 3,004 babies died in the perinatal stage, and around 24% of them died in the neonatal stage.
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Our clientele includes a mix of neonatal critical care equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into Australia neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia neonatal critical care equipment market size, by type, 2018-2030 (US$M)
Australia Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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