Neonatal monitoring allows healthcare providers to track and screen newborns for basic functions, including monitoring temperature, oxygen saturation (SpO₂), blood pressure, heart rate and respiration rate. Higher-end monitors incorporate accessories such as resuscitation systems, intravenous lines for feeding/blood/medication, ventilation, and phototherapy. The neonatal monitoring market segment is expected to be worth $656m in 2023, according to GlobalData, a leading data and analytics company.