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One of the key trends in the market is the integration of cutting-edge technologies like AI and IoT into neonatal care products. AI-powered monitoring systems are increasingly used to track vital signs and predict potential health risks in premature infants.
The U.S. neonatal infant care market was valued at approximately USD 1 billion in 2024 and is expected to grow at a 6% CAGR from 2025 to 2034, supported by an advanced healthcare system and high preterm birth rates.
Key players in the market include Angelantoni Life Science, ATOM MEDICAL, Becton, Dickinson, and Company, COBAMS, DAVID, Drager, Fanem, Fisher & Paykel Healthcare, GE Healthcare, INSPIRATION HEALTHCARE GROUP, Masimo, and Medtronic.
The global neonatal infant care industry was valued at USD 3.4 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by increasing preterm birth rates and advancements in neonatal technologies.
The thermoregulation devices segment generated USD 859 million in revenue in 2024, holding the largest market share due to their critical role in stabilizing the body temperature of premature and low-birth-weight infants.