Thailand Neonatal Critical Care Equipment Market Size & Outlook
Thailand neonatal critical care equipment market, 2018-2030 (US$M)
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Thailand neonatal critical care equipment market highlights
- The Thailand neonatal critical care equipment market generated a revenue of USD 14.0 million in 2023 and is expected to reach USD 22.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.3% 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 14.0 million |
| Market revenue in 2030 | USD 22.9 million |
| Growth rate | 7.3% (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, Thailand 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 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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Thailand 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 33.57% in 2023. Horizon Databook has segmented the Thailand 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 high neonatal mortality is a major concern in Thailand and is expected to boost the adoption of neonatal care equipment in private & public settings. According to UNICEF data, the neonatal mortality rate in Thailand is around 4.708 deaths per 1,000 live births.
Hence, the Thai Government is constantly launching various initiatives and campaigns to increase public access to advanced neonatal care equipment. This is expected to contribute to the growing demand for neonatal care equipment in the country over the forecast period.
In Thailand, Universal Health Coverage ensures maternal care is accessible to all its citizens. However, there is a relatively low utilization of healthcare services during the initial 12 weeks of pregnancy among young mothers and pregnant women residing along the ThaiMyanmar border.
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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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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 country-level data and insights on the Thailand neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into Thailand neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand neonatal critical care equipment market size, by type, 2018-2030 (US$M)
Thailand Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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