Europe Neonatal Care Equipment Market

The neonatal care equipment market in Europe is expected to grow from US$ 603.06 million in 2022 to US$ 890.74 million by 2028. It is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

Growing Number of NICU Admission

According to Scientific Reports, remarkable advances in neonatal intensive care units (NICUs) over the past 50 years have improved survival and reduced morbidity in preterm and sick newborns. Delivering very low birth weight (VLBW) or preterm infants in hospitals with a stage III/IV NICU is now a standard of care. Increasing competition has prompted hospitals to expand the scope of care and high-risk patients. To maintain the proliferation of NICU units and beds in a more significant proportion of hospitals with maternity services and delivery of neonatal intensive care beyond regional or academic centers. The trend of increasing neonatal admissions to NICUs with older gestational age, higher birth weight, and lower disease severity increased over time.

Incubators are in high demand in neonatal intensive care unit (NICU) facilities for premature babies. Neonatal devices are used extensively in neonatal intensive care units (NICUs), where complex machines and monitors have been designed to meet the unique needs of neonates. Thus, the growing demand and need for NICUs are propelling the growth of the neonatal care equipment market.  

Market Overview

Europe occupies a significant share in the global neonatal care equipment market and is expected to register a robust growth rate over the forecast period. The market growth in the region is expected due to increasing incidences of preterm birth owing to increasing maternal age and associated risk factors. The active government cooperation to reduce neonatal mortality is likely to increase the growth of the market. In 2020, a study published by researchers at Karolinska Institutet in Sweden stated that the vitality of preterm infants should be assessed with an Apgar score. The Apgar score is a tool used to measure the health of newborns immediately after birth. Researchers used Swedish nationwide register data and reported around 113,000 non-malformed infants born after 22–36 weeks of pregnancy between 1992 and 2016. Above mentioned factors are anticipated to account for the growth of neonatal care equipment market during the forecast period in Sweden and similarly in other European countries.

 Europe Neonatal Care Equipment

Market Revenue and Forecast to 2028 (US$ Million)

Europe Neonatal Care Equipment Strategic Insights

Strategic insights for the Europe Neonatal Care Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Neonatal Care Equipment Report Scope

Europe Neonatal Care Equipment Regional Insights

The geographic scope of the Europe Neonatal Care Equipment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Neonatal Care Equipment Market Segmentation

The Europe neonatal care equipment market is segmented into product, end user, and country. 

The Europe neonatal care equipment market, based on product, is categorized into infant warmers, convertible warmers & incubators, neonatal diagnostic imaging devices, neonatal respiratory care devices, neonatal monitoring devices, neonatal incubators, neonatal phototherapy equipment, and other products. The neonatal respiratory care devices segment is likely to hold the largest share of the market in 2022.

The Europe neonatal care equipment market, by end user, is fragmented into hospitals, paediatric & neonatal clinics, and nursing homes. The hospitals segment held the largest share of the market in 2022.

From country point of reference, the Europe neonatal care equipment market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the market in 2022.  

BD, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., GE Healthcare, Koninklijke Philips N.V., Masimo, Medtronic, Natus Medical Incorporated, Nihon Kohden Corporation, and Novos are among the leading companies operating in the neonatal care equipment market in the region.