According to Latest Report Study, the global infant incubator market size was accounted at $ 1,195.20 Million in 2020, and is projected to hit $2,260.23 Million by 2030 registering a CAGR of 6.57% from 2021 to 2030.
According to Latest Report Study, the global infant incubator market size was accounted at $ 1,195.20 Million in 2020, and is projected to hit $2,260.23 Million by 2030 registering a CAGR of 6.57% from 2021 to 2030.
Infant incubator is a rigid box-like chamber in which newborn babies are kept for observation and care. The infant incubators are common to pediatric hospitals and neonatal intensive care units. The infant incubator is majorly used for babies born prematurely or with disability that makes them especially vulnerable for the first several months of life.
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Increase in birth rate of premature infants drives the growth of the infant incubator market. In addition, increase need for installation of NICU units and rise in awareness among individuals regarding neonatal care fuel growth of the market. However, high cost of infant incubator and lack of awareness & poor accessibility toward neonatal care in emerging nations are expected to hinder growth of the market during the forecast period. On the other hand, technological advancements in neonatal care devices are expected to offer profitable opportunities for growth of the market during the forecast period.
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | $1,195.20 Million |
| Revenue Forecast by 2030 | $2260.23 Million |
| CAGR | 6.57% from 2021 to 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
Impact Of Covid-19 On Infant Incubator Market (Pre And Post Analysis)
The outbreak of COVID-19 has disrupted workflows in the healthcare sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of healthcare. The global infant incubator market growth declined in 2020 due to global economic recession led by COVID-19. For instance, Drager noted a decrease in thermoregulation equipment demand in first quarter of 2020, as hospitals around the world were completely focused on the COVID-19 situation, and gave low priority to services, which are not affected by the pandemic.
In many countries, COVID-19 has suppressed population growth by causing a decline in births rates. For instance, according to the Guttmacher Institute Study 2020, 40% of women reported changes in plans for childbearing due to the COVID-19 pandemic, 41% of women with children reported worry about being able to take care of their children, and 33% of women had to delay or cancel an appointment for reproductive health or contraception care. Thus, decline in birth rates indirectly affect the infant incubator market. In addition, according to the U.S. Census Bureau, around 285,138 births were reported in December 2020—23,664 (7.66%) fewer than in December 2019. On an average, there were 763 fewer births each day in December 2020 than in December 2019.
Moreover, babies under age 1 might be at higher risk of severe illness with COVID-19 than older children. According to the Centers for Disease Control and Prevention (CDC) surveillance report, from March 29–October 14, 2020, 923 newborns were born to women with COVID-19; among these newborns, 2.6% tested positive for SARS-CoV-2 after birth. However, isolette incubators do not provide the same environmental protection as use of negative pressure or air filtration. Thus, new incubators are unlikely to be purchased for these babies as incubators do not really play a major role in protecting babies from COVID-19.
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Infant Incubator Market Segmentation
The global infant incubator market is segmented into product, application, end user, and region to provide a detailed assessment of the market. By product, the market is fragmented into hybrid incubator, normal incubator, and transport incubator. On the basis of application, it is segregated into neonatal hypothermia & low birth weight, jaundice, and others. Depending on end user, it is categorized into hospitals, maternity hospitals, and neonatal & pediatric hospitals. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Segment Review
Depending on product, the market is segmented into hybrid incubator, normal incubator, and transport incubator. The normal incubator segment dominated the global market in 2020, and is expected to remain dominant throughout the forecast period, owing to factors such as increase in birth rate of premature infants with lower birth weights and rise in the number of NICU installations by hospitals of both developed and developing countries.
On the basis of application, the market is segregated into neonatal hypothermia & low birth weight, jaundice, and others. The neonatal hypothermia & low birth weight segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in prevalence of neonatal hypothermia, as preterm and low birth weight neonates specifically are more susceptible to hypothermia. By end user, is the market is classified into hospitals, maternity hospitals, and neonatal & pediatric hospitals. The neonatal & pediatric hospital held the largest market share in 2020, and is expected to remain dominant throughout the forecast period, owing to surge in admissions of neonates with preterm birth in neonatal & pediatric hospitals as well as increase in the number of NICU installations in neonatal & pediatric hospitals.
Snapshot Of The Asia-pacific Infant Incubator Market
The Asia-Pacific infant incubators market is expected to register the highest growth throughout the study period. This is attributed to increase in healthcare spending and advancements in neonatal care technology. Moreover, high incidence of multiple births and preterm birth rates in region has attracted key players to invest in Asia-Pacific, which notably contributes toward the growth of the market.
The key market players profiled in the report include Atom Medical Corporation, Bistos Co., Ltd., Drägerwerk Ag, Fanem Ltd., General Electric Company (GE Healthcare), MedicorElektronikaZrt., Médipréma Group, Ningbo David Medical Device Co. Ltd., Phoenix Medical System Pvt. Ltd, Zhengzhou Dison Instrument and Meter Co. Ltd.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global infant incubator market along with the current trends and future estimations to explain the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict the infant incubator market growth is provided in the report.
- Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing infant incubator market opportunities.
- Extensive analysis of the key segments of the industry helps to understand the application and products of infant incubator used across the globe.
- Key market players and their strategies have been analyzed to understand the competitive outlook of the infant incubator market.
Key Market Segments
- By Product
- Hybrid incubator
- Normal incubator
- Transport incubator
- By Application
- Neonatal hypothermia & low birth weight
- Jaundice
- Others
- By End User
- Hospitals
- Maternity hospitals
- Neonatal & pediatric hospitals
- By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Switzerland
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Thailand
- Malaysia
- Philippine
- Pakistan
- Bangladesh
- Taiwan
- Hong Kong
- Singapore
- Australia
- Rest of Asia-Pacific
- LAMEA
- Nigeria
- South Africa
- Kenya
- Egypt
- Iraq
- Saudi Arabia
- Ghana
- Mexico
- Colombia
- Argentina
- Peru
- Rest of LAMEA
- North America
- By Key Market Players
- Atom Medical Corporation
- Bistos Co., Ltd.
- Drägerwerk Ag
- Fanem Ltd.
- General Electric Company (GE Healthcare)
- MedicorElektronikaZrt.
- Médipréma Group
- Ningbo David Medical Device Co. Ltd.
- Phoenix Medical System Pvt. Ltd
- Zhengzhou Dison Instrument
- Meter Co. Ltd.
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