Neonatal Monitoring Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

Neonatal Monitoring Market Report Overview

The neonatal monitoring market size was $5.33 billion in 2023 and will grow at a CAGR of more than 2% from 2023 to 2033. Neonatal monitoring includes devices used for continuous monitoring of physiological and vital parameters such as heart rate, ECG waveforms, breathing rate, oxygen levels, and blood pressure of a newborn and infants. It encompasses the monitoring of vital physiological parameters of premature infants (neonates that are born after a pregnancy lasting 37 weeks or less) and full-term infants who are critically ill.

Neonatal Monitoring Market Outlook 2023-2033 ($ Billion)

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The neonatal monitoring market research report identifies quantitative market trends within patient monitoring therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the neonatal monitoring market for 2020 and beyond. Furthermore, the report provides neonatal monitoring market share by a company that will help in identifying untapped market opportunities.

Neonatal Monitoring Market Segments

The key segments of the neonatal monitoring market are neonatal incubators, neonatal monitors, and neonatal warmers. In 2023, the neonatal incubators segment accounted for the highest share of the market.

An incubator or isolate is an enclosed box-like bed usually made of transparent plastic with an internal heat source. The Neonatal incubator provides the baby with a regulated environment for better care and support for development. It mainly provides thermal support. Many incubators also have the means for controlling oxygen levels and relative humidity of the air and use noise block materials. The device also includes access ports through which the nurse has access to the baby without the need to open the chamber.

Neonatal Monitoring Market Analysis by Segments, 2023 (%)

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Regional Analysis of Neonatal Monitoring Market

The key regions in the neonatal monitoring market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the North American neonatal monitoring market was the leading regional segment.

North America holds the largest share of the market, and the region will retain its position during the forecast period. In addition, the US holds the largest contribution to the regional market. GlobalData believes that this trend can be attributed to the rise in the prevalence and incidence of respiratory diseases such as Jaundice, apnea, pneumonia, and other lung diseases that need continuous monitoring.

The US neonatal monitoring market follows global and regional trends for North America. Its fast growth in the region can be attributed to the growing number of medical facilities, surgical procedures, and specialists. Furthermore, an increase in premature birth among young mothers, pneumonia, apnea, and other respiratory diseases(NRDS) also contributes to the growth.

Neonatal Monitoring Market Analysis by Regions, 2023 (%)

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Neonatal Monitoring Market – Competitive Landscape

In 2023, GE HealthCare Technologies Inc’s neonatal monitoring market share was the highest

The major players in the neonatal monitoring market are:

• Medtronic Plc
• Koninklijke Philips NV
• GE HealthCare Technologies Inc
• Dragerwerk AG & Co KGaA

The key strategies that major companies are following are continued investments in R&D optimizing the time of market introduction of competitive products, and developing specific strategies for the rural market. The market for neonatal with chronic diseases and pre-term births is a large and underpenetrated market with unmet patient needs. As most of the people in rural areas do not know the equipment available for neonatal like neonatal monitors, infant incubators, and warmers, patient education is essential for the rural market.

Neonatal Monitoring Market Analysis by Companies, 2023 (%)

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Neonatal Monitoring Market Dynamics

• Trends: The medical devices market for neonatal care will witness growth over the forecast years as there is a slight technological advancement in monitors, incubators, and warmers that have artificial environments for newborns to support their organs. Neonatal Intensive Care Units (NICUs) have neonatal monitoring devices as essential tools that are routinely used in emergency obstetrics and gynecology to examine and monitor neonatal health during labor and delivery. The technological advancement will allow the market of incubators and warmers for neonatal care to show growth in the coming years. Companies are looking to combine the features of incubators and warmers to reduce the stress of the change of environment and increase the accessibility for neonatal patients.
• Future Outlook: With the continuous advancement in IoT and Personal Digital Assistant (PDA) technologies around the world, likely, the neonatal monitoring system will also adapt to changes and innovations in this field. Neonatal incubators have temperature control facilities to support the underdeveloped organs of newborns. Furthermore, neonatal monitoring has not only become accurate but also quite easy with alternative surveillance technology tools to detect healthcare-associated infections. Also, the technology improvements focus on creating a remote monitoring communication with the patient’s family.

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Segments Covered in this Report

Neonatal Monitoring Segment Outlook ($ Billion, 2015-2033)

• Neonatal Incubators
• Neonatal Monitors
• Neonatal Warmers

Neonatal Monitoring Regional Outlook ($ Billion, 2015-2033)

• Asia-Pacific
• Europe
• Middle East and Africa
• North America
• South and Central America

Key Inclusions of the market model are:

The neonatal monitoring market research report includes an insightful review of the key industry trends.

• The neonatal monitoring market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
• The report also includes market-level data on units, average selling prices, and market values.

Regional, Country, and Global Neonatal Monitoring Market Insights:

• The neonatal monitoring market share report offers qualitative insights into global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• Neonatal monitoring market SWOT analysis.
• The report provides trends and neonatal monitoring market competitive dynamics.

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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.

Companies covered: Medtronic Plc, Koninklijke Philips NV, GE HealthCare Technologies Inc, Dragerwerk AG & Co KGaA, and Others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.

Scope

• Extensive coverage of the neonatal monitoring market under development.
• An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
• Reviews of major players involved in the development of the neonatal monitoring market and lists all their pipeline projects.
• Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
• Key clinical trial data of ongoing clinical trials specific to pipeline products.
• Recent developments in the segment/industry.

Reasons to Buy

• Understand the COVID-19 impact on neonatal monitoring.
• Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving neonatal monitoring.
• Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
• Formulate effective sales and marketing strategies with a detailed evaluation of neonatal monitoring market share by company. Identify strong competitors and create winning strategies to stand out in the global neonatal monitoring market.
• Track regional neonatal monitoring market sales as well as country-specific transactions from 2015-2033.
• Organize your sales and marketing efforts by identifying the global neonatal monitoring market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.