South Africa Neonatal Critical Care Equipment Market Size & Outlook
South Africa neonatal critical care equipment market, 2018-2030 (US$M)
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South Africa neonatal critical care equipment market highlights
- The South Africa neonatal critical care equipment market generated a revenue of USD 13.9 million in 2023 and is expected to reach USD 27.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.4% 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 13.9 million |
| Market revenue in 2030 | USD 27.8 million |
| Growth rate | 10.4% (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, South Africa accounted for 0.5% 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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South Africa 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 33.81% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is witnessing an increase in the number of preterm birth, with around 59%, majorly at the district hospitals and community health centers. In addition, South Africa accounts for one of the highest neonatal mortality rates globally.
According to UNICEF data, the neonatal mortality rate in South Africa is 11.025 deaths per 1,000 live births. This high neonatal mortality rate can be attributed to the poor intrapartum and neonatal care in the district hospitals in the country.
Hence, the government and international organizations have launched several initiatives to improve neonatal care in the country. This is expected to boost the demand for advanced neonatal care equipment in the country.
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Target buyers of South Africa 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 South Africa neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa neonatal critical care equipment market size, by type, 2018-2030 (US$M)
South Africa Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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