Neonatal Intensive Care Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Vision Research Reports says the global neonatal intensive care market size was valued at US$ 1.6 bn in 2020 and projected to surpass around US$ 2.5 bn by 2028 with a CAGR of 5.6% from 2021 to 2028.

High demand for safer & advanced catheter insertion systems and increased demand for NICU services are projected to drive the global neonatal intensive care market during the forecast period. Increase in availability of new vascular access catheters such as antimicrobial and antithrombogenic catheters, power injectable peripheral catheters is projected to drive the growth of the market. Increase in number of complications with material used for the manufacturing of vascular catheters led to development of innovative and improved technology. The technology aimed at reduction of thrombus accumulation on catheters, for example, use of blood compatible polymer resins, in BioFlo catheters.


  • Babies admitted to the NICU can be premature, have certain health conditions or might have low birth weight. The newborn might have health conditions such as difficulty in breathing, heart problems, infections, birth defects, etc.
  • Neonatal intensive care units are a combination of advanced technology and trained health care professionals who provide intensive medical attention to newborn babies admitted into the special division of the hospital
  • North America dominated the global neonatal intensive care market in 2020 and the trend is anticipated to continue during the forecast period. Increased demand for NICU services, rise in number of pre-term births and huge demand of technologically advanced instrument for treatment of the neonates are expected to drive the market in North America.
  • Asia Pacific is likely to be a highly lucrative market for neonatal intensive care and it is expected to expand at a high CAGR during the forecast period

Increased demand for NICU Services to Drive Market

  • Demand for NICU services has increased as there are is an increase in number of complications during pregnancy. According to Medscape, incidence of multiple births increased significantly in the late 20th century in the U.S. and globally
  • Birth weight is closely associated with gestational age and due to increased incidence of preterm delivery with low birth weight babies, these neonates are vulnerable to nosocomial infection and necrotizing enterocolitis contributing for the increase in demand for NICU services at hospitals
  • Furthermore, preterm births are highly vulnerable to infections and there is a need to take care of various health conditions. This require special highly contained environment to reduce the chance of infections to the newborn. These infections can also lead to death. According to the World Health Organization (WHO) newborn infections, preterm birth complications, and birth asphyxia infections account for over 80% of all global neonatal deaths.
  • Therefore, there is a need for early diagnosis of such as diseases. NICUs provided appropriate treatment for these illness among the newborns.

Central Catheters Segment to Dominate Market

  • Based on product type, the global neonatal intensive care market has been divided into peripheral catheters, central catheters, and introducers & accessories. The peripheral catheters segment has been bifurcated into peripheral intravenous catheters (PIVC) and midline catheters (extended dwell). The central catheters segment has been bifurcated into peripherally inserted central catheters (PICC), central venous catheters (CVC), implantable ports and umbilical catheters. The introducers & accessories segment has been bifurcated into subcutaneous and intravenous
  • The central catheters segment dominated the global neonatal intensive care market in 2020 and the trend is projected to continue during the forecast period. Introduction new modified user-friendly techniques for the insertion of peripherally inserted central catheters major factor for to boost the market growth.

Medication Administration to be Highly Lucrative Segment

  • In terms of application, the global neonatal intensive care market has been classified into medication administration, transfusion of blood, diagnostic testing and feeding
  • The medication administration segment dominated the neonatal intensive care market due rise in demand for antibiotic treatment and increase in administration of iron supplements and antibiotics

North America to Dominate Global Market

  • In terms of region, the global neonatal intensive care market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global neonatal intensive care market in 2020, followed by Europe.
  • North America accounted for major share of the global neonatal intensive care market in 2020, owing to rise in incidence of preterm births and low birth weight births and increase in demand for specialized neonatal care
  • According to the Centers for Disease Control and Prevention (CDC), number of preterm births and babies with low birth weight increased from 2015 to 2016. In 2016, rate of preterm births in the U.S. was 9.84%.

Competitive Landscape

  • The global neonatal intensive care market is fragmented in terms of number of players. Key players in the global market include Cook Medical, C. R. Bard, Inc., Angiodynamics, Teleflex Incorporated, B. Braun Melsungen AG, Becton, Dickinson and Company, Medtronic, Vygon (UK) Ltd, Utah Medical Products, Smiths Medical among others

Market Segmentation:

By Product Type

    • Peripheral Catheters
      • Peripheral Intravenous Catheters (PIVC)
      • Midline Catheters (Extended Dwell)
    • Central Catheters
      • Peripherally Inserted Central Catheters (PICC)
      • Central Venous Catheters (CVC)
      • Implantable Ports
      • Umbilical Catheters
    • Introducers & Accessories
      • Subcutaneous
      • Intravenous

By Application

  • Medication Administration
  • Transfusion of Blood
  • Diagnostic Testing
  • Feeding

By End-user

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

By Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific          
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Report Scope

The Neonatal intensive care market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Neonatal intensive care market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Neonatal intensive care market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Neonatal intensive care market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Neonatal intensive care market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Neonatal intensive care capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Neonatal intensive care by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Neonatal intensive care market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Neonatal intensive care market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Neonatal intensive care market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Neonatal intensive care industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Neonatal intensive care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Neonatal intensive care market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Neonatal intensive care market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Neonatal intensive care market. These factors have benefited the growth of the global market for Neonatal intensive care. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Neonatal intensive care. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Neonatal intensive care are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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