Neonatal Infant Care Market Report 2025

The NDT services market size has grown rapidly in recent years. It will grow from $16.3 billion in 2024 to $17.99 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to infrastructure development, skills development, environmental concerns, cyclical industry trends.

The NDT services market size is expected to see strong growth in the next few years. It will grow to $26.12 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to aerospace industry growth, renewable energy expansion, safety and quality assurance, digitalization, and industry 4 integration, cost-effective solutions. Major trends in the forecast period include market consolidation, focus on asset management, quality assurance requirements.

The growing incidence of premature newborns is fueling the expansion of the neonatal infant care market. Premature birth is defined as the delivery of a child before 37 weeks of pregnancy are completed. Neonatal infant care is essential for premature and sick infants with medical conditions, as it provides safe and appropriate environments for their growth. For example, in September 2024, Statistique Canada, a government agency based in Canada, reported that the percentage of births occurring before 37 weeks of gestation rose slightly from 8.2% in 2022 to 8.3% in 2023, indicating a modest increase in preterm births. As a result, the rising number of premature births is contributing to the growth of the neonatal infant care market.

The rise in infant mortalities is poised to fuel the growth of the neonatal infant care market. Infant mortality, indicating deaths within the first year of life, underscores the importance of robust neonatal care, particularly through Neonatal Intensive Care Units (NICUs). These specialized units offer critical care and support, significantly impacting premature infants' survival rates. According to the Centers for Disease Control and Prevention's data in November 2023, there was a 3% increase in infant deaths in 2022, totaling 20,538 deaths compared to 19,928 in 2021, reinforcing the role of neonatal care in curbing infant mortality rates.

Technological advancements stand as a prominent trend shaping the landscape of the neonatal infant care market. Industry leaders are dedicated to launching innovative technologies to maintain competitiveness and meet evolving consumer demands. For instance, Max Ventilator, an India-based medical device manufacturer, introduced a multifunctional ventilator in May 2022 designed for neonatal and adult care. This non-invasive technology-based product offers multifunctional capabilities, facilitating non-invasive ventilation and oxygen therapy.

Major players within the neonatal infant care market prioritize innovation to gain a competitive edge. Advanced products in this sector integrate cutting-edge technologies to enhance medical monitoring, promote developmental support, and ensure optimal newborn well-being. For instance, in August 2023, Cardinal Health Inc., a US-based healthcare company, launched the NTrainer System 2.0. This next-gen medical device aids premature and newborn infants in developing oral coordination skills. It offers clinicians objective data for progress tracking and instills confidence in parents regarding their infants' potential progress and thriving post-discharge.

In October 2022, NeoLight LLC, a US-based medical device company, acquired the Pacifier Activated Lullaby System from Powers Medical Inc. for an undisclosed amount. This acquisition aims to improve neonatal care by offering a musical therapy solution that assists premature infants in transitioning to oral feeding and reduces the length of hospital stays. Powers Medical Inc. is a US-based manufacturing company that specializes in producing various medical devices and equipment.

Major companies operating in the NDT services market are Mistras Group Inc., Olympus Corporation, Nikon Metrology NV, TÜV Rheinland Group, Intertek Group PLC, TEAM Inc., General Electric Company, Ashtead Technology Ltd., Zetec Inc., Yxlon international GMBH, ALS Limited, Applus+, Bureau Veritas SA, Dekra SE, Fischer Technologies Inc., Previan Technologies, SGS SA, Det Norske Veritas, Registro Italiano Navale, NDT Global Limited, NDT Kit Inc., NDT Systems Inc., Sonatest PLC, Eddyfi Technologies Inc., HMT Inspection Inc., NDT Solutions Inc., Carl Zeiss Industrial Metrology GmbH, American Bureau of Shipping, Lloyd's Register, NDT Services Limited.

North America was the largest region in the neonatal infant care market share in 2024. The regions covered in the neonatal infant care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the neonatal infant care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Neonatal infant care encompasses the medical attention and support provided to newborns from birth until their first month. This specialized care is crucial for premature infants or those with health complications, as their underdeveloped immune systems and organs require intensive medical assistance to thrive independently.

The neonatal infant care market comprises various product categories catering to infant health, including thermoregulation devices, phototherapy devices, monitoring systems, neonatal hearing screening tools, infant resuscitators, vision screening equipment, and more. Thermoregulation devices play a vital role in maintaining newborns' body temperatures, utilizing mechanisms to regulate room or body temperature effectively. Within prenatal and fetal equipment, ultrasound devices, fetal dopplers, fetal magnetic resonance imaging (MRI), and fetal monitors stand as key tools. Neonatal equipment encompasses infant warmers, incubators, phototherapy devices, monitoring systems, and respiratory assistance tools, serving diverse end users such as hospitals, nursing homes, and pediatric and neonatal clinics.

The neonatal infant care market research report is one of a series of new reports that provides neonatal infant care market statistics, including neonatal infant care industry global market size, regional shares, competitors with a neonatal infant care market share, detailed neonatal infant care market segments, market trends and opportunities, and any further data you may need to thrive in the neonatal infant care industry. This neonatal infant care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The neonatal infant care market includes revenues earned by entities by providing intensive cardiac and respiratory monitoring, continuous vital sign monitoring, heat maintenance, enteral and parenteral nutritional adjustments services, laboratory and oxygen monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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