Infant Incubators Market
Number of pages: 100 | Report Format: PDF | Published date: March 24, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 334.0 million |
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Revenue Forecast in 2031 |
US$ 471.0 million |
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CAGR |
4.4% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, Application, Modality, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global infant incubators market was valued at US$ 334.0 million in 2022 and is expected to register a revenue CAGR of 4.4% to reach US$ 471.0 million by 2031.
Infant Incubators Market Fundamentals
The market for infant incubators is driven by several factors, including rising premature birth rates, expanding usage of technologically advanced incubators, and growing investments in infrastructure for neonatal care. Furthermore, the market is likely going to benefit from the growing emphasis on offering the best care for preterm and unwell babies and enhancing their survival rates and health outcomes.
Geographically, North America and Europe dominate the infant incubators market due to the high occurrence of preterm births and the developed healthcare systems in these areas. However, due to rising healthcare spending, improving healthcare infrastructure, and growing awareness of the significance of neonatal care, Asia Pacific is anticipated to register revenue growth at the fastest revenue CAGR throughout the forecast period.
Key players in the infant incubators market include GE Healthcare, Dragerwerk AG & Co., KGaA, Atom Medical Corporation, Natus Medical Incorporated, and Koninklijke Philips N.V. These companies are investing in R&D activities to develop innovative and advanced incubators with improved safety, efficiency, and ease of use to meet the evolving needs of neonatal care providers.
An infant incubator is a medical device that provides a controlled and protective environment for infants, particularly premature babies or those born with medical complications. The incubator is a specially designed enclosure typically made of clear plastic or acrylic material and is equipped with temperature and humidity controls, oxygen supply, and monitoring devices to help regulate and maintain a stable environment for the infant. This helps keep the baby warm and protect it from infections and other environmental stresses, while also allowing medical staff to closely monitor the baby’s vital signs and adjust their care as needed. Infant incubators are an important tool in modern neonatal care, helping to improve the survival rates and overall health outcomes for premature and sick newborns.
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Infant Incubators Market Dynamics
The rising incidence of premature births, which can lead to various health complications and require specialized care, is a major driver for the revenue growth of the infant incubators market. Premature infants require a controlled environment to promote revenue growth and development, which has led to increased demand for infant incubators. According to WHO, an estimated 15 million babies are born prematurely every year globally, which accounts for more than 1 in 10 babies. The market for infant incubators is growing due to the ongoing technological developments in baby incubators. Manufacturers are developing more complex incubators with greater humidity and temperature management, real-time vital sign monitoring, and enhanced patient comfort. Increasing demand for portable and transportable incubators is propelling revenue growth in the infant incubators market. These specialized incubators enable safe and comfortable transportation of premature infants between healthcare facilities while maintaining a stable environment.
The awareness of the importance of neonatal care is rising, particularly in developing countries with a high incidence of premature births. This has led to increased investments in healthcare infrastructure, including neonatal care units, and increasing the demand for incubators.
However, infant incubators are expensive, and the cost may be a significant deterrent for some healthcare providers, particularly in developing countries. This factor is restricting the revenue growth of the infant incubators market. Infant incubators can be a breeding ground for infection if not properly cleaned and maintained, which is also cramping the revenue growth of the infant incubators market.
Infant Incubators Market Ecosystem
The global infant incubators market is analyzed from five perspectives: product type, application, modality, end user, and region.
Infant Incubators Market by Product Type
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Based on the product type, the global infant incubators market is segmented into portable and non-portable.
The non-portable segment accounts for the largest revenue share of the infant incubators market. Non-portable incubators tend to have better functionality than portable ones. They offer more precise temperature and humidity control, better air circulation, and can accommodate more equipment and features, such as oxygen therapy, phototherapy, and respiratory support. Non-portable incubators are typically larger and more customizable than portable ones, allowing healthcare providers to tailor the environment to the infant’s specific needs. Non-portable incubators are made to run continuously for extended periods, which is essential for caring for preterm infants who need continual supervision and assistance. Additionally, they are manufactured with higher-quality materials and parts, increasing their dependability and durability. Although non-portable incubators are more expensive than portable ones, due to their greater dependability and longevity, they may end up being more affordable in the long run. Non-portable incubators also frequently need less upkeep and repair, which can eventually save costs.
Infant Incubators Market by Application
Based on the application, the global infant incubators market is segmented into prematurity and congenital diseases.
The prematurity segment accounts for the largest revenue share of the infant incubators market, as premature babies are more likely to require medical intervention to survive and thrive. Premature babies are at a higher risk of developing serious health problems, such as respiratory distress syndrome, jaundice, and infections, which require specialized care in a neonatal intensive care unit (NICU). Incubators are an essential tool in the care of premature babies, and they are used extensively in NICUs worldwide, boosting segmental revenue growth. Additionally, the development of new technologies and the increase in focus on improving the quality of care for premature infants have led to the introduction of new and advanced incubators, further driving the revenue growth of the prematurity segment in the infant incubators market.
Infant Incubators Market by Modality
Based on the modality, the global infant incubators market is segmented into open-box-type and close-box-type.
The open-box-type segment accounted for a considerable revenue share of the infant incubators market. Open-box-type incubators are generally less expensive than closed-box-type incubators. This makes them more accessible to hospitals and healthcare facilities, especially those with limited resources. Open-box-type incubators provide easier access to the infant, enabling healthcare providers to closely monitor the baby’s condition and provide the necessary medical interventions. Additionally, they provide the baby with greater room to move around and engage with their careers, which can support their emotional and developmental well-being. Open-box-style incubators are adaptable and can be used for babies at many stages of development, including preterm newborns and full-term infants. They can thus be used in a larger variety of clinical settings. Furthermore, open-box incubators are easy to use and maintain. They are convenient to carry between locations and need little training for healthcare professionals.
Infant Incubators Market by End User
Based on the end user, the global infant incubators market is segmented into hospitals and maternity centers. The hospitals segment is sub-segmented into neonatal intensive care units and post-natal care wards.
The hospitals segment dominates the infant incubators market with a significant revenue share. Hospitals constitute a large customer base for infant incubators as they serve as indispensable apparatus for neonatal care. Infants born prematurely or with medical conditions require incubators to create a regulated setting that aids in maintaining their body temperature, shielding them from infections, and facilitating their respiration. Hospitals have a higher demand for infant incubators as they typically have more premature and sick babies than other healthcare providers. Hospitals often require more advanced and specialized incubators to meet the specific needs of their patients. They may require larger or more modern incubators with humidity control, oxygen monitoring, and specific monitoring and alarm systems. Hospitals typically have access to more funds and resources than smaller healthcare providers. As new technology becomes available, they will be better able to invest in high-quality incubators and update them regularly. Hospitals must ensure their incubators adhere to tighter safety and quality criteria. This suggests they would be more inclined to invest in more expensive, dependable incubators undergoing comprehensive testing and certification, boosting segmental revenue growth.
Infant Incubators Market by Region
Geographically, the global infant incubators market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The North America region dominated the infant incubators market with the highest revenue share in 2022. North America has a relatively high incidence of premature births, which leads to an increased demand for infant incubators. Premature infants often require specialized care, and incubators are essential for providing this care. According to the Centers for Disease Control and Prevention, preterm birth affects about 1 of every 10 infants born in the U.S. The preterm birth rate rose by 4% in 2021. North America has a well-developed healthcare infrastructure that includes advanced medical technology, specialized NICUs, and a high level of healthcare investment. This infrastructure supports the usage of infant incubators, thus fueling regional revenue growth. North America has favorable government policies that support the development of healthcare infrastructure, including neonatal care. These policies create a favorable environment for infant incubator manufacturers to operate and invest in the region. Many major infant incubator manufacturers are headquartered in North America. The presence of these manufacturers in the region creates a competitive market and contributes to the dominance of the North America region in the infant incubators market.
Infant Incubators Market Competitive Landscape
The prominent players operating in the global infant incubators market are:
Infant Incubators Market Strategic Developments
The global infant incubators market is expected to reach US$ 471 million by 2031.
North America accounts for the largest market revenue share, followed by Europe. Asia Pacific is expected to be the fastest-growing region during the forecast period.
The prominent players operating in the global infant incubators market are GE HealthCare, Dragerwerk AG & Co. KGaA, Atom Medical Corporation, Natus Medical Incorporated, and Inspiration Healthcare Group plc.
The prematurity segment dominates the global infant incubators market.
The high cost related to infant incubators and the possibility of infection are some restricting factors of the global market.
*Insights on financial performance are subject to the availability of information in the public domain