Saudi Arabia Neonatal Critical Care Equipment Market Size & Outlook
Saudi Arabia neonatal critical care equipment market, 2018-2030 (US$M)
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Saudi Arabia neonatal critical care equipment market highlights
- The Saudi Arabia neonatal critical care equipment market generated a revenue of USD 24.0 million in 2023 and is expected to reach USD 42.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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 24.0 million |
| Market revenue in 2030 | USD 42.8 million |
| Growth rate | 8.6% (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, Saudi Arabia accounted for 0.8% 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 Middle East & Africa, Saudi Arabia neonatal critical care equipment market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 11.8 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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Saudi Arabia 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 33.33% in 2023. Horizon Databook has segmented the Saudi Arabia 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 growth of the market can be attributed to the growing preterm births and significant neonatal mortality rate. Around 25,000 children in Saudi Arabia are born prematurely yearly, which is expected to boost the demand for neonatal care.
Moreover, advancements in medical technology and equipment contribute to the availability of specialized neonatal care equipment to improve newborn outcomes. In addition, the high rate of consanguineous marriages is the major reason for the high prevalence of various inherited disorders in neonates, such as genetic hearing impairment, immunodeficiency, globinopathies, and others.
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Target buyers of Saudi Arabia neonatal critical care equipment market databook
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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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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 Saudi Arabia neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia neonatal critical care equipment market size, by type, 2018-2030 (US$M)
Saudi Arabia Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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