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Global Infant Incubator Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product (Transport Infant Incubator and NICU Incubator), Application (Neonatal Hypothermia, Lower Birth Weight, Genetic Defects and Others) and Region - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 6685
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Infant Incubator Market Size (2024 to 2029)

The global infant incubator market is predicted to grow at a CAGR of 7.2% from 2024 to 2029. The market size is anticipated to be valued at USD 566.01 million by 2029 from USD 399.87 million in 2024.

The Infant Incubator is a biomedical device that provides oxygen, humidity, and warmth to the newborn in a controlled environment. The infant incubator comprises an enclosed chamber with a bit of mattress on top, covered with a rigid plastic cover. This chamber protects the baby from dust, noise, and infection. Because of the high percentage of preterm births, infant incubators are frequently utilized worldwide. For example, around 15 million preterm babies are born each year across the globe. This demonstrates the significant need for infant incubators around the world. In Chicago, the Robert H. Lurie Children's Hospital developed wireless sensors and biosensors to replace incubators' wires to monitor vital signs connected to mother-child interaction.

Global Infant Incubator Market Drivers:

An increase in premature infant birth with lower birth weight and other defects drives the global market for infant incubators. As per the reports of the WHO, it is stated that about 15 million premature births happen every year across the globe. It also says that prematurity is one of the significant contributors to infant mortality. Also, the market for new-born incubators is expected to develop due to the use of new-born incubators having improved preterm infant survival rates and reduced neonatal hypothermia.

Growing awareness about neonatal care, increasing healthcare spending, and rising research and development activities are fuelling market growth. Technological advancements in newborn incubators have emerged from research and development efforts. Manufacturers of new-born incubators consider hospitals to be important places for selling their goods since they aid in developing brand image and the expansion of product reach. Furthermore, increasing investments by the government to reduce mortality and infant mortality rate has enabled the hospitals to focus on expanding productivity by adopting advanced and innovative medical devices such as Neonatal incubators, which is expected to boost the market growth.

The COVID-19 pandemic is one of the significant factors for the market to grow, as several infants are affected by the virus across the globe. Improving the healthcare industry's infrastructure and installing NICU units in almost every hospital is lucratively anticipated to fuel the market's demand. Growing support from government organizations to provide excellent services to patients positively influences the market's growth. In addition, infant incubators help increase the baby's survival rate in critical conditions, driving the market's growth rate. Ongoing research on developing innovative devices in favor of the end-users in the medical field is set to create growth opportunities. As a result, the medical sector's penetration of new technological developments is gaining traction over market growth. 

Global Infant Incubator Market Restraints:

Lack of awareness in rural areas is hampering the growth of the global infant incubator market to a limited extent. However, the high cost of these devices is impeding the demand of the global infant incubator market. Lack of proper equipment in rural areas is also one factor limiting the growth rate of the infant incubator market. In addition, the negligence of the technical members in monitoring the devices is slowly hindering the demand of this market. Furthermore, inadequate reimbursement policies and a lack of knowledge of these devices' benefits are challenging for market players. The government's strict rules and regulations in approving innovative devices also degrade the infant incubator market's growth rate. 

Impact of COVID-19 on the global Infant Incubator Market:

The Covid-19 epidemic has heavily impacted every area of the global economy. Every day, the number of patients grows, and most countries go on lockdown. The supply chain and general corporate activities have been harmed due to this. The COVID-19 pandemic has positively impacted the Infant Incubator market growth, as the outbreak has infected many children worldwide.  An infant incubator is a device that creates a stable atmosphere with the temperature, humidity, and oxygen levels that a newborn needs. An infant incubator is a product used to care for premature babies delivered before the 37th week of pregnancy. They're little box-like devices with a small bed and a trolley attached. Except for the roof wrapped in hard plastic, these boxes are often made of glass.

The advent of newborn incubators has improved preterm baby survival rates and decreased neonatal hypothermia. International trade has seen a substantial decline, causing financial market instability. These factors have impacted the baby incubator market. However, growing government funding for providing excellent patient care influences industry demand in a favorable direction. Infant incubators tend to improve a baby's success rate while in a critical state, which drives the market's growth rate. There is also a humidification system in the incubator chamber and an electric heating system to preserve humidity and circulate humid air. Preterm infants use these devices to control their temperature because their natural metabolic rate lowers, resulting in less heat production.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Product, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leader Profiled

GE Healthcare, Novos Medical Systems, Atom Medical Corporation, Ningbo David Medical Device Co., Ltd, Natus Medical Incorporated, Fanem Ltd, Cobams Srl, AVI Healthcare Private Limited, Gammer International, and Ardo.

 

This research report on the global infant incubator market has been segmented and sub-segmented based on its application and region.

 Global Infant Incubator Market - By Product:

  • Transport Infant Incubator
  • Neonatal Intensive Care Unit (NICU) Incubator

The neonatal intensive care unit incubator segment held the leading share in the global infant incubator market in 2020 due to the growing prevalence of the hospitals' advanced technological equipment.

The transport infant incubator segment is expected to register the highest growth rate in the foreseen years. Increasing medical campaigns with support from public and private organizations propel the market's growth rate. 

Global Infant Incubator Market - By Application:

  • Neonatal Hypothermia
  • Lower Birth Weight
  • Genetic Defects
  • Others

The neonatal hypothermia segment is predicted to dominate the global infant incubator market during the forecast period due to rising incidences of premature babies. The lower birth weight segment is positioned second in leading the prominent share of the market. Increasing investments in the healthcare sector to improve infrastructure is propelling the growth rate of this segment. In addition, genetic defects and other segments are at a steady growth rate during the forecast period. 

Global Infant Incubator Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, the North American market leads the global market during the forecast period due to advanced medical care and the European market. Asia Pacific is the most lucrative market in the world, with the highest CAGR. The rise in premature babies is a substantial factor for growth in the North American region. The adoption of the latest technologies is additionally influencing the growth of the market positively. The U.S. held most of the North American market share in 2020. Growing disposable income and the need for quality treatment procedures are escalating the demand for this market. The Canadian infant incubator market is estimated to grow at a prominent CAGR during the forecast period due to constant economic growth. 

The European infant incubator market is expected to register a significant share in the global market during the forecast period. Escalating healthcare expenditure and the rise in the economy from the past few years are expected to favor the European market. As a result, Germany and the U.K. are expected to occupy a significant share of the European market during the forecast period.

The Asia Pacific is forecasted to register the fastest growth rate among all regions in the global market. A growing number of healthcare centers and an increasing patient pool are two factors elevating its growth rate. In addition, India and China are expected to showcase a promising CAGR during the forecast period.

KEY MARKET PARTICIPANTS:

Some of the notable participants playing a dominating role in the global infant incubator market profiled in this report are GE Healthcare, Novos Medical Systems, Atom Medical Corporation, Ningbo David Medical Device Co., Ltd, Natus Medical Incorporated, Fanem Ltd, Cobams Srl, AVI Healthcare Private Limited, Gammer International, and Ardo.

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FAQ's

What was the size of the infant incubator market worldwide in 2023?

The global infant incubator market was valued at USD 373.02 million in 2023.

How big is the global infant incubator market?

The global infant incubator market is anticipated to value USD 528.08 million by 2028.

Which region will lead the infant incubator market in the future?

The North American region is anticipated to play the leading role in the global infant incubator market during the forecast period.

Who are the major players in the infant incubator market?

GE Healthcare, Novos Medical Systems, Atom Medical Corporation, Ningbo David Medical Device Co., Ltd, Natus Medical Incorporated, Fanem Ltd, Cobams Srl, AVI Healthcare Private Limited, Gammer International, and Ardo are a few of the leading companies in the infant incubator market.

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