Neonatal Intensive Care Market to Reach USD 7.72 Billion by 2027; Rising Popularity of Neonatal Incubators will Promote Market Growth

The global neonatal intensive care market size will reach USD 7.72 billion by 2027 owing to the increasing incidence of premature births and the growing need to provide intensive care. NICU or neonatal intensive care is a specialized nursery care room equipped with advanced monitoring and diagnostic equipment for providing intensive medical care to infants. As per a report by Fortune Business Insights™ titled, “Neonatal Intensive Care Market Size, Share & Industry Analysis, By Product (Neonatal Incubators, Neonatal Phototherapy Equipment, Neonatal Ventilators, Neonatal Monitors, and Others), By End User (Hospitals, and Specialty Clinics), and Regional Forecast, 2020-2027,” the value of the market was USD 4.59 billion in 2019 and is expected to rise at a CAGR of 6.7% between 2020 and 2027.

The U.S Food and Drug Administration approved 510 (k) Clearance for Puffin Infant Resuscitator, Adding to Diverse Line of Products

The leader of infant care products, International Biomedical obtained regulatory approval from the U.S. FDA for their Puffin Infant resuscitator in July 2014. This approval will help to increase the overall revenue collection of the company thus resulting in the availability of a diverse range of company products. The Puffin will provide respiratory support to infants during birth by connecting it with incubators and bedside warmers or by placing it at the bedside with its optional mobile stand. The Vice President of the Sales and Marketing Department at International biomedical said, “We developed this manually operated respiratory support device for use in case of resuscitation situation. We believe the Puffin will be helpful for respiratory therapists and neonatal consumers as it suffices to various needs such as mask or t-piece or bag ventilation, blended oxygen delivery, and integrated suction for less stressful airway management.” Innovations such as this are likely to bode well for the market in the coming years.

Increasing Cases of Preterm Birth will Add Impetus to Market

The prevalence of sedentary lifestyle and susceptibility to various chronic ailments are some of the major neonatal intensive care market growth drivers. As per a report published in 2018 by the Centers for Disease Control and Prevention (CDC), an estimated 2-10% of pregnancies in the United States are affected by gestational diabetes. The increasing rate of preterm birth cases and the growing demand for high-quality care for newborn babies will help augment the growth of the market in the forecast duration. On the contrary, factors such as the high cost of implementation and maintenance may hinder market growth. This, coupled with the lack of awareness and facilities in underdeveloped nations may also cause the market to face rough waters in the coming years.

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Efforts to Gain FDA Approvals for Innovations in Neonatal Care will Encourage Players to Make Heavy Investments in Product Development

Major players operating in the market of neonatal intensive care are engaging in collaborative efforts to make their mark in the competition. These efforts include joint ventures, contracts and agreements, mergers and acquisitions, and heavy investments in innovative product development. Besides this, players are also awaiting regulatory approvals from the Food and Drug Administration for their new equipment and this will also help attract high NICU market revenue in the coming years.

Significant Industry Developments of this Market include the following:

• September 2018 – Food and Drug Administration approved RAS-45 developed by Masimo Corporation for rainbow acoustic monitoring in neonatal patients and infants.


• October 2019 – CostTherm2 controller was launched by Inspiration Healthcare Group plc, for neonatal care units.

List of Major Neonatal Intensive Care Market Manufacturers are:

• Inspiration Healthcare Group plc


• Drägerwerk AG & Co. KGaA


• Masimo corporation


• General Electric Company


• Phoenix Medical Systems (P) Ltd.


• Fisher & Paykel Healthcare Corporation Limited


• Other Players

Further Report Findings

• North America held the market share with a revenue of USD 2.16 Billion in 2019. This is attributed to the presence of major players in the region. However, with the improvement in healthcare infrastructure and facilities and increasing awareness about neonatal care by many medical aid organizations will help Asia Pacific generate higher CAGRs in the forecast years.


• With respect to segmentation by product, the market is dominated by incubators segment with a 42.9% share earned in 2019.

This Market is classified into: