China Neonatal Critical Care Equipment Market Size & Outlook
China neonatal critical care equipment market, 2018-2030 (US$M)
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China neonatal critical care equipment market highlights
- The China neonatal critical care equipment market generated a revenue of USD 664.3 million in 2023 and is expected to reach USD 1,042.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.7% 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 664.3 million |
| Market revenue in 2030 | USD 1,042.9 million |
| Growth rate | 6.7% (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, China accounted for 23.1% 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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China 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 33.54% in 2023. Horizon Databook has segmented the China 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 availability of various products in the market due to several regional & multinational players, rising incidence of preterm births, and research & product innovations are expected to drive the neonatal care equipment market in China.
Preterm birth is the primary driver for perinatal morbidity & mortality, and China has one of the highest numbers of preterm births per year globally. According to the article published in the Lancet Journal in September 2021, China has the second highest number of preterm births globally, accounting for more than 1 billion preterm births yearly.
As China has achieved advancements in neonatal care, the survival rate for extreme preterm birth is higher than in any other nation. Neonatologists in China have achieved significant advancements in NICU practices, including breast milk nourishment, effective control of NICU infections and enhanced strategies for managing bronchopulmonary dysplasia in extremely low birth weight neonates.
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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 China neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into China neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China neonatal critical care equipment market size, by type, 2018-2030 (US$M)
China Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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