Infant Incubator Market Overview:
Infant Incubator Market accounted for $268 million in 2016 and is expected to reach $401 million by 2023, registering a CAGR of 5.9% from 2017 to 2023. Infant incubator is the biomedical device that primarily provides humidity, warmth, and oxygen to the newborn in a controlled environment. The infant incubator is comprised of an enclosed chamber with a small mattress on the top covered by a rigid plastic cover.
This chamber protects the baby from dust, noise, and infection. Infant incubator is widely used worldwide owing to high incidence of preterm birth rates. For instance, each year globally, around 15 million preterm babies are born. This clearly showcases the high need of infant incubator worldwide.
The report segments the infant incubator market based on product, application, and end user. In terms of products, the market is divided into transport infant incubator, and neonatal intensive care unit (NICU) incubator. On the basis of application, the market is classified into neonatal hypothermia, lower birth weight, genetic defects, and others. Based on end user, the market is categorized into pediatric hospitals, birthing centers, neonatal intensive care units, and others.
Global Infant Incubator Market Segmentation
Drivers, Restraints & Opportunities
Increase in birth rate of premature infants with lower birth weights and other defects is the major factor that drives the growth of the infant incubator market. For instance, as per WHO, about 15 million infants are born preterm (before 37 weeks of gestation) each year. In addition, rise in number of installations of NICU units and growth in awareness among individuals regarding neonatal care further propels the growth of the infant incubator market. However, high cost of infant incubator and poor accessibility toward neonatal care in the developing and underdeveloped regions restraints the market growth. Continuous advancements in neonatal care technologies provides lucrative opportunities for the infant incubator market growth.
Infant Incubator Market: Drivers & Restraints
India Infant Incubator Market
The high prevalence of preterm babies in India drives the growth of the infant incubator market. Moreover, infrastructural advancements and expansion of neonatal care sector including NICU units further fuels the market growth. In addition, robust government initiative toward improvement of healthcare facilities through favorable insurance schemes is anticipated to provide lucrative growth opportunities in the country. The infant incubator market in India is expected to exhibit the CAGR of 6.5% from 2016 to 2023.
India Infant Incubator Market, 2016-2023 ($Million)
The key players in the global infant incubator market are General Electric Company, Atom Medical Corporation, Natus Medical Incorporated, Bistos Co., Ltd., Medicor Elektronika Zrt., Fanem Ltd, Inspiration Healthcare Group plc, Phoenix Medical Systems, Drägerwerk AG, and Cobams plc. The other prominent players in the value chain include Ginevr Limited, Returns Ozcan Inc., Olidef, JW Medical LLC, PT. Fyrom International, Beijing Julongsanyou Technology CO., Ltd., and Mediprema SAS.
- The study provides an in-depth analysis of the global infant incubator market and the current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
- The report presents quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on product assists to understand the trends in the industry.
- Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
Infant Incubator Market Key Segments:
- Transport Infant Incubator
- Neonatal Intensive Care Unit (NICU) Incubator
- Neonatal Hypothermia
- Lower Birth Weight
- Genetic Defects
By End User
- Pediatric Hospitals
- Birthing Centers
- Neonatal Intensive Care Units
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA