India Neonatal Critical Care Equipment Market Size & Outlook

The neonatal critical care equipment market in India is expected to reach a projected revenue of US$ 760.7 million by 2030. A compound annual growth rate of 7.8% is expected of India neonatal critical care equipment market from 2024 to 2030.
Revenue, 2023 (US$M)
$450.9
Forecast, 2030 (US$M)
$760.7
CAGR, 2024 - 2030
7.8%
Report Coverage
India

India neonatal critical care equipment market, 2018-2030 (US$M)

India

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India neonatal critical care equipment market highlights

  • The India neonatal critical care equipment market generated a revenue of USD 450.9 million in 2023 and is expected to reach USD 760.7 million by 2030.
  • The India market is expected to grow at a CAGR of 7.8% 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 2023USD 450.9 million
Market revenue in 2030USD 760.7 million
Growth rate7.8% (CAGR from 2023 to 2030)
Largest segmentOther equipments
Fastest growing segmentPhototherapy Equipment
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationThermoregulation Equipment, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Other Equipments
Key market players worldwideDraegerwerk 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, India accounted for 15.7% 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 Companies

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India 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 33.67% in 2023. Horizon Databook has segmented the India 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.


Growing awareness about neonatal & prenatal care, the high prevalence of preterm births, and government initiatives to provide better care for neonatal infants are the key factors contributing to market growth in India.

In addition, several factors in maternity are expected to increase the demand for NICUs, such as ages younger than 16 years or older than 40 years, diabetes, drug abuse, Sexually Transmitted Diseases (STDs), and multiple pregnancies. These factors are likely to drive the demand for prenatal and neonatal care equipment.

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Target buyers of India neonatal critical care equipment market databook

  • Our clientele includes a mix of neonatal critical care equipment market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into India neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India neonatal critical care equipment market size, by type, 2018-2030 (US$M)

India Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)

India neonatal critical care equipment market size, by type, 2018-2030 (US$M)

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