The neonatal care equipment market in Middle East & Africa is expected to grow from US$ 99.49 million in 2022 to US$ 141.40 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
Significant Surge in R&D and Developments in Neonatal Care Equipment Market
The demand for newborn baby care devices has grown exponentially due to the increasing number of preterm births accompanied by increasing complications and growing demand for advanced products to treat neonatal diseases. Increasing pregnancy complications such as infections, pre-eclampsia, fetal growth restriction, associated efforts to increase neonatal and maternal survival rates, and advances in neonatal care are the major factors driving the sales of neonatal care devices. Monitoring newborns is one of the complex tasks that can lead to complications if ignored. Thus, research efforts to develop advanced technological devices, such as user-friendly control panel phototherapy devices, remain essential to manufacturers and subsequently drive the market for neonatal care equipment.
Market Overview
The Middle East & Africa neonatal care equipment market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The neonatal care equipment market in the region is expected to have several growth opportunities owing to the rising number of preterm births in Saudi Arabia, increasing medical and healthcare facilities in the UAE, and the implication of the government’s strategic plans to reduce mortality rates among children across the region. The market in the Rest of Middle East & Africa is gaining significant traction owing to various factors such as rapidly changing clinical risks for congenital and obstetric complications, increasing number of neonatal care facilities, and growing numbers of preterm and low-weight births, as well as public–private initiatives to strengthen patient care. Thus, the above-mentioned factors are likely to support the neonatal care equipment market growth during the coming years.
Middle East & Africa Neonatal care equipment Market Revenue nd Forecast to 2028 (US$ Million)
Middle East & Africa Neonatal Care Equipment Market Segmentation
The Middle East & Africa neonatal care equipment market is segmented into product, end user, and country.
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa neonatal care equipment market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market in 2022.
BD, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited., GE Healthcare, Koninklijke Philips N.V., Masimo, Medtronic, Novov, Natus Medical Incorporated, and Nihon Kohden Corporation are among the leading companies operating in the Middle East & Africa neonatal care equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 99.49 Million |
| Market Size by 2028 | US$ 141.40 Million |
| CAGR (2022 - 2028) | 6.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Neonatal Care Equipment Market is valued at US$ 99.49 Million in 2022, it is projected to reach US$ 141.40 Million by 2028.
As per our report Middle East & Africa Neonatal Care Equipment Market, the market size is valued at US$ 99.49 Million in 2022, projecting it to reach US$ 141.40 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The Middle East & Africa Neonatal Care Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Neonatal Care Equipment Market report:
The Middle East & Africa Neonatal Care Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Neonatal Care Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Neonatal Care Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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