North America Neonatal Critical Care Equipment Market Size & Outlook
North America neonatal critical care equipment market, 2018-2030 (US$M)
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North America neonatal critical care equipment market highlights
- The North America neonatal critical care equipment market generated a revenue of USD 551.8 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 551.8 million |
| Market revenue in 2030 | USD 960.2 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Other equipments |
| Fastest growing segment | Phototherapy Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 19.2% of the global neonatal critical care equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 231.2 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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North America 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 33.62% in 2023. Horizon Databook has segmented the North America 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.
In 2022, North America held a significant market share in the neonatal care equipment market. Major factors contributing to the growth are increasing awareness about fetal & neonatal care and several Neonatal Intensive Care Unit (NICU) admissions.
According to the CDC, the preterm birth rate in the U.S. surged for the 5th year in a row, at 10.5% in 2021, up from 10.1% in 2020. As a direct consequence, the demand for neonatal care equipment also grew, propelling the market growth in the region.
Furthermore, the launch and approval of advanced, next-generation devices in the U.S. & Canada and technological advancements in infant & maternal care products are expected to boost the market growth. Increased awareness of neonatal care and an increase in pregnancy & congenital complications due to inactive/sedentary lifestyles are likely to improve growth in the market.
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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 continent-level data and insights on the North America neonatal critical care equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America neonatal critical care equipment market size, by country, 2018-2030 (US$M)
North America Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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