Neonatal ICU Equipment Market: Trends, Growth, and Future Projections
The neonatal intensive care unit (NICU) is a specialized department that provides critical care to newborns, especially those born prematurely or with medical complications. The increasing prevalence of premature births, along with advancements in medical technology, is fueling the growth of the neonatal ICU equipment market. This market encompasses a variety of equipment crucial for the care of newborns, such as incubators, ventilators, monitoring devices, phototherapy equipment, and infusion pumps. As we move toward a future of improved healthcare, the NICU equipment market is expected to see substantial growth in the coming years. Market Overview The neonatal ICU equipment market is projected to grow at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2031, expanding from US$ XX million in 2024 to US$ XX million by 2031. This growth can be attributed to several factors, including an increase in premature births, rising healthcare expenditures, technological advancements i...