U.S. Neonatal Critical Care Equipment Market Size & Outlook
U.S. neonatal critical care equipment market, 2018-2030 (US$M)
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U.S. neonatal critical care equipment market highlights
- The U.S. neonatal critical care equipment market generated a revenue of USD 514.4 million in 2023 and is expected to reach USD 883.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 2023 | USD 514.4 million |
| Market revenue in 2030 | USD 883.8 million |
| Growth rate | 8% (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, U.S. accounted for 17.9% 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 North America, U.S. neonatal critical care equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 76.4 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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U.S. 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 33.61% in 2023. Horizon Databook has segmented the U.S. 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, the U.S. accounted for the largest share of the North America market due to technological advancements and recent approvals for multiple neonatal care equipment. Manufacturers are investing more in Research & Development (R&D) to obtain approvals for new product commercialization. The product has enabled remote patient monitoring of patients during COVID-19.
According to the CDC, preterm births affected 1 of every 10 infants born in the U.S. in 2021. The rate of preterm births among African-American women was 14.8%, higher than that among white women (9.5%) and Hispanic women (10.2%). All the above factors are expected to contribute to market growth over the forecast period.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. neonatal critical care equipment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. neonatal critical care equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. neonatal critical care equipment market size, by type, 2018-2030 (US$M)
U.S. Neonatal Critical Care Equipment Market Outlook Share, 2023 & 2030 (US$M)
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