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  • Infant Incubator Market Analysis | 2022-2028

    Infant Incubator Market Analysis | 2022-2028

    Infant Incubator Market Analysis | 2022-2028
    Report code - SR2276 Delivery - 2 Weeks
    Infant Incubator Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

    Market Insights

    The Infant Incubator Market is likely to grow at a significant CAGR of 6.5% in the long run, to reach US$ 650.65 million in 2028.

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    What is an infant incubator?

    A baby incubator is a controlled atmosphere machine shaped like a trolley for newborns. The machine provides a clean and shielded environment for babies from noise, dust, and various infections. The box-like structure may include a fan, a control valve, and access ports.

    Market Dynamics

    The demand for infant incubators is rising owing to various factors such as increasing birth rates of premature babies, rise in chronic diseases, and rising investments in healthcare infrastructure among others. Whereas the high cost of infant incubators is hindering the overall market growth over the study period.

    • Rising birth rates of premature babies

    An increase in the birth rate of premature babies significantly increases the demand for NICU units. Medical advancements for premature infants and increased access to ongoing advancements for neonatal care across the sector boost the overall market growth over the study period. The market witnesses a wide range of availability of incubators in various sizes and equipped with advanced technologies. This factor adds up to the market growth for the forecast period. Also, critical pregnancies in which the mother is suffering from infectious and chronic illnesses, diabetes, and high blood pressure among other critical diseases contribute to the increasing demand for infant incubators across the globe throughout the forecast period.

    • Development of healthcare infrastructure

    Another significant factor impacting the growth of the global infant incubator market is increasing healthcare expenditure which helps boost the overall availability of medical equipment in hospitals and other medical centers. Moreover, government organizations across the world are focusing on improving the healthcare infrastructure across the country by infusing funds and favorable investment policies.

    Infant Incubator Market Report Overview

    Market Size in 2028

    US$ 650.65 million

    Market Growth (2022-2028)

    6.5% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

     

    Covid-19 Impact

    Covid-19 harmed the neonatal incubator or infant incubator industry in the year 2020. As per the research, the infant incubator market rebounded in the year 2021 and is estimated to continue the steady growth over the forecast period. The pandemic has hindered operations across the healthcare industry at the global level. Various market players present in the infant incubator industry have been forced to temporarily halt their operations due to prolonged lockdown owing to the rapid spread of disease during 2020-2021.

    Segments Analysis

    By Product Type

    The infant incubator market is segmented into hybrid, normal, and transport. The normal incubator segment dominated the global infant incubator market in recent times. The segment will maintain its dominance throughout the forecast period as per the estimations. The segment dominance is attributed to some of the key factors such as the rise in the number of NICU installations by medical centers in both developed and developing countries.

    By Application Type

    The infant incubator market is segmented into neonatal hypothermia & low birth weight, genetic defects, jaundice, and others. The neonatal hypothermia & low birth weight segment holds a significant market share and dominate the global marketplace in the year 2021. As per the studies, the neonatal hypothermia & low birth weight segment is anticipated to continue this dominance during the forecast period 2022-2028. The segment dominance is attributed to the rise in the prevalence of neonatal hypothermia around the globe, as low birth weight and preterm babies are generally more susceptible to hypothermia conditions.

    By End-User Type

    The infant incubator market is segmented into Pediatric Hospitals, Birthing Centres, Neonatal Intensive Care Units (ICUs), and Others. The pediatric hospitals segment dominates the global marketplace in terms of revenue generation in the year 2021 and is anticipated to remain dominant during the forecast period 2022-2028. The pediatric hospital's segment dominance is attributed to a higher number of neonates admissions in pediatric hospitals as compared to other medical centers around the world. The rise in the number of NICU installations and the growth in the number of preterm births in neonatal & pediatric hospitals further boosts the segment growth over the forecast period.

    Regional Analysis

    The North American infant incubator market holds the dominating position in the global infant incubator market. The regional market dominance is owing to the significant market share of the United States and Canada in healthcare coupled with the growing number of premature babies. The Asia-Pacific infant incubator market is anticipated to grow at a significant CAGR during the forecast period of 2022-2028. The regional market growth is due to rising health awareness and the growing demand for advanced medical technology. As per the research studies, the Europe infant incubator market is the second largest market in the global infant incubator industry over the forecast period.

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    Key Players

    The top players operating in the global 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).

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s infant incubator market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Infant Incubator Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Recent Developments

    Companies focusing on gaining a significant market share in the global marketplace. In the process, companies are investing in new product launches, joint ventures, collaborations, partnerships, mergers, and acquisitions across the globe.

    For instance:

    • In March 2017, Market Expansion: Inspiration Healthcare, a UK-based manufacturer sponsored a Neo-Resus conference in the UK. This conference was based on the theme of neonatal resuscitation.
    • In May 2019, Product Launch: Ashford and St Peter’s Little Roo Neonatal Charity funded the launch of the new transport incubator system for the Neonatal Intensive Care Unit (NICU) at St. Peter's Hospital. It is a completely functional infant mobile intensive care unit.

    Frequently Asked Questions (FAQs)

    The infant incubator market is expected to grow at a CAGR of 6.5% over the next five years.

    The infant incubator market size is likely to reach US$ 650.65 million in 2028.

    The demand for infant incubators is rising owing to various factors such as increasing birth rates of premature babies, rise in chronic diseases, and rising investments in healthcare infrastructure among others. Whereas the high cost of infant incubators is hindering the overall market growth over the study period.

    The North American infant incubator market holds the dominating position in the global infant incubator market.

    The key players in the 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), Drgerwerk AG & Co. KGaA (Germany), Fanem (India), Medicor Elektronika Zrt. (Hungary), Zhengzhou Dison Instrument and Meter Co., ltd (China), Mdiprma Group (France).

    The market is studied from 2016-2028.