Global Infant Incubator Market – Industry Trends and Forecast to 2029

Infant Incubator Market Analysis and Size

The market for infant incubators is expanding, due to an increase in the birth of premature babies. Additionally, NICU unit demand is increasing, and public awareness of newborn care is rising, which supports the market's progress. Conversely, technological advancements in infant care equipment will likely provide significant market expansion opportunities during the forecast period.

Data Bridge Market Research analyses that the infant incubator market which was USD 402.38 billion in 2021, would rocket up to USD 686.21 million by 2029, and is expected to undergo a CAGR of 6.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation      

Market Definition

A baby incubator is a machine that creates a controlled atmosphere with the appropriate amounts of warmth, humidity, and oxygen that a newborn needs. A soft mattress wrapped in plastic makes up the incubator unit, which is typically shaped like a trolley. As well as providing a clean environment, it shields the baby from dust, noise, infection, and excessive handling. A temperature sensor controls the heat and keeps the infant's environment in the incubator chamber at a constant temperature.

Infant Incubator Market Dynamics

Drivers

• Rising birth rates of premature babies

The market for infant incubator is expanding due to an increase in the birth rate of premature babies. Additionally, the market is growing due to an increase in the demand for NICU units and public awareness of neonatal care. However, throughout the forecast period. On the other hand, throughout the forecast period, technical developments in neonatal care devices are anticipated to present lucrative potential for market expansion.

• Rise in chronic diseases

Multiple pregnancies and the incidence of high blood pressure, diabetes, and infectious and chronic illnesses are likely to contribute to the global market's positive expansion throughout the forecast period. Women with prior pregnancies have a higher risk of developing gestational diabetes during pregnancy.

• Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of infant incubator market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, which will further influence the market dynamics.

• Rise in the geriatric population

The rising prevalence rates of lifestyle disorders such as obesity, rising healthcare spending, and the fast-growing diagnostic industry are driving the worldwide infant incubator market expansion. In addition, the growing elderly population, increased demand for laboratory automation, and more awareness of preventative healthcare are all driving the infant incubator market forward.

Opportunities

• Growing usage of neonatal intensive care units

The primary driver of market expansion is the birth rate of underweight babies and other baby abnormalities. The market is further boosted by the growing usage of neonatal intensive care units, the benefits of the product, and the possibility for the infant incubator industry that results from the product's ongoing improvements.

Restraints/Challenges

• High cost

On the other hand, the high cost associated with drug development and distribution will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the infant incubator market.

The survival rate of infants has grown with the use of infant incubators, which also contributes to the market expansion for incubators. The expensive cost of the incubator prevents the market from expanding. Additionally, the availability of alternatives on the market, such as newborn warmers, and the lack of these gadgets in developing countries are both contributing causes to the industry's slowing growth.

This infant incubator market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the infant incubator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Infant Incubator Market

Due to the global economic slowdown caused by COVID-19, the COVID-19 pandemic had a detrimental impact on the neonatal incubator industry globally in 2020. The market for infant incubators is expected to rebound in 2021 and continue to develop steadily in the years to come.

The COVID-19 outbreak has hampered operations in the global healthcare industry. Numerous companies, including parts of the healthcare industry, have been forced to temporarily close their doors due of the disease. The COVID-19-led global economic slowdown caused a drop in the growth of the newborn incubator market globally in 2020. In the first quarter of 2020, for example, Drager observed a decline in the demand for thermoregulation equipment as hospitals throughout the world concentrated solely on the COVID-19 crisis and gave low priority to services that were not impacted by the pandemic.

Recent Development

• In February 2021, Govind Rao, a professor of chemical, biochemical, and environmental engineering at UMBC, said that he has been working on developing a reasonably priced solution to improve the treatment of premature infants. A new incubator that costs under $200 has undergone successful clinical testing as a consequence of public impact research that was started by UMBC students and Rao
• In May 2019, The new transport incubator system for the Neonatal Intensive Care Unit (NICU) at St. Peter's Hospital was introduced. It is a completely functional infant mobile intensive care unit.

Global Infant Incubator Market Scope

The infant incubator market is segmented on the basis of product, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Product

• Transport Infant Incubator
• Neonatal Intensive Care Unit Incubator

Application

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

End User

• Pediatric Hospitals
• Birthing Centres
• Neonatal Intensive Care Units
• Others

Infant Incubator Market Regional Analysis/Insights

The infant incubator market is analysed and market size insights and trends are provided by country, product type, application and end-user as referenced above.

The countries covered in the infant incubator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the infant incubator market due to the high market share and the growing number of premature babies, and well-established health care infrastructure.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and the growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Infant Incubator Market Share Analysis

The infant incubator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to infant incubator market.

Some of the major players operating in the infant incubator market are:

• General Electric (U.S.)
• Atom Medical Corp. (Japan)
• Bistos Co Ltd. (U.S.)
• Messe dusseldorf Gmbh (Germany)
• Inspiration Healthcare Group plc (U.K.)
• Phoenix Medical System (India)
• Avihealthcare (India)
• Suzhou Power Meter Co.,Ltd. (Japan)
• Ningbo David Medical Device Co. Ltd. (China)
• Drägerwerk AG & Co. KGaA (Germany)
• Fanem (India)
• Medicor Elektronika Zrt. (Hungary)
• Zhengzhou Dison Instrument and Meter Co., ltd (China)
• Médipréma Group (France)

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