Canada Neonatal Critical Care Equipment Market Size & Outlook
Canada neonatal critical care equipment market, 2018-2030 (US$M)
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Canada neonatal critical care equipment market highlights
- The Canada neonatal critical care equipment market generated a revenue of USD 37.4 million in 2023 and is expected to reach USD 76.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.8% 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 37.4 million |
| Market revenue in 2030 | USD 76.4 million |
| Growth rate | 10.8% (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, Canada accounted for 1.3% 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 North America, U.S. neonatal critical care equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 76.4 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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Canada 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 33.69% in 2023. Horizon Databook has segmented the Canada 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 neonatal care equipment market in Canada is expected to grow at a significant pace during the forecast period. Growth in the country can be attributed to the increasing awareness about neonatal care, the rising incidence of preterm births, and the growing demand for neonatal diagnostics, therapeutics, & monitoring devices.
Hence, to decrease the neonatal mortality rate and reduce the preterm birth rates in the country, the government launched several programs to support the health system and increase the neonatal survival rate.
For instance, the Canadian Institutes of Health Research funds the Canadian Preterm Birth Network to extend current neonatal platforms to establish a nationwide network across Canada. In addition, the network aims to increase the survival rate of preterm infants by around 30% over the next five years. Such initiatives are expected to boost segment growth.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada neonatal critical care equipment market size, by type, 2018-2030 (US$M)
Canada Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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