South & Central America Neonatal Care Equipment Market

The neonatal care equipment market in South & Central America is expected to grow from US$ 126.76 million in 2022 to US$ 180.60 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

Rising Popularity of Neonatal Care Equipment 

Preterm birth remains a severe public health concern and ranks in the WHO's top 10 list of the burden of disease-related deaths. Premature births result in organ deformities and organ injuries, particularly in lungs and brain, and are responsible for 50% of perinatal mortality. Technological advancements have resulted in higher survival rates for premature babies. Neonatal care aims to assess and evaluate the infant during the transition from intrauterine life to extrauterine life; provide the infant with a healthy, safe, and secure environment; and thoroughly monitor and compare the neonate for normal and abnormal function and possible treatment.

Technological advances and innovations in the 21st century aimed at developing highly efficient tools for effective infant care have proven significant in managing preterm infants. Devices such as infant warmers and incubators, respiratory support and monitors, phototherapy devices, and neonatal monitors are used for critical care and monitoring of the baby. Double-walled servo-controlled incubators and improved mechanical fans ensure better treatment and care than their predecessors and have better yields and positive results. Also, several multi-chain hospitals have opened specialized pediatric clinics in different locations to increase access to neonatal clinics. In addition, the number of neonatal intensive care units in community hospitals and specialized neonatal clinics open for service in various locations increased the demand and use of neonatal treatment equipment, which will provide opportunities for the neonatal care equipment market to grow significantly.    

Market Overview

The rising number of births and a large number of complications associated with preterm births are leading to neonatal deaths, which are, in turn, expected to drive the demand for neonatal care equipment. Additionally, incidence of diseases among newborns have increased, technical advancements with quick expansion and high adoption of neonatal care equipment in hospitals and neonatal clinics in the region are expected to support the growth of the market. Moreover, geographical expansion, product launches, strategic collaboration, and increasing investments by regional market players are expected to accelerate the growth of the neonatal care equipment market. During the forecast period, the market is expected to grow at a CAGR of 6.1%.

 South & Central America Neonatal care equipmen

Market Revenue and Forecast to 2028 (US$ MilliON)

South & Central America Neonatal Care Equipment Strategic Insights

Strategic insights for the South & Central America 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.

South & Central America Neonatal Care Equipment Report Scope

South & Central America Neonatal Care Equipment Regional Insights

The geographic scope of the South & Central America 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.

South & Central America Neonatal care equipment Market Segmentation 

The South & Central America neonatal care equipment market is segmented into product, end user, and country.  

The South & Central America neonatal care equipment market, based on product, s 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 South & Central America 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 South & Central America neonatal care equipment market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil 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, and Nihon Kohden Corporation are among the leading companies operating in the neonatal care equipment market in the region.