The market for new-born incubators is growing due to an increase in the number of preterm babies born. Furthermore, the market's growth is fueled by an increase in the need for NICU units and an increase in public awareness of neonatal care.
The global Infant Incubator market worth ~US$ 518.2 Mn by 2032, growing at a CAGR of 4.7%
Covid 19 Impact & Market Status:
COVID-19 has caused widespread disruption in healthcare workflows throughout the world. Various sectors, including several sub-domains of healthcare, have been forced to temporarily close their doors because to the sickness. COVID-19 resulted to a global economic recession in 2020, which slowed the growth of the global newborn incubator business. Drager, for example, saw a drop in demand for thermoregulation equipment in the first quarter of 2020, as hospitals throughout the world were totally focused on the COVID-19 scenario, giving low priority to services that were not affected by the pandemic.
COVID-19 has slowed population growth in a number of nations by lowering birth rates. According to the Guttmacher Institute Study 2020, 40% of women changed their plans for childbearing as a result of the COVID-19 pandemic, 41% of women with children expressed concern about being able to care for their children, and 33% of women had to postpone or cancel a reproductive health or contraception appointment. As a result, falling birth rates have an indirect impact on the newborn incubator business.
Furthermore, COVID-19 may put newborns under the age of one at a higher risk of serious illness than older children. According to a surveillance report from the Centers for Disease Control and Prevention (CDC), 923 infants were delivered to mothers who had COVID-19 between March 29 and October 14, 2020; 2.6 percent of these newborns tested positive for SARS-CoV-2 after delivery. Isolette incubators, on the other hand, do not give the same level of environmental protection as negative pressure or air filtration. As a result, new incubators are unlikely to be acquired for these newborns, as incubators do not play a significant role in COVID-19 protection.
Analysis on the Basis of Type
The market is divided into three categories based on the kind of product: hybrid incubator, standard incubator, and transport incubator. Due to factors such as an increase in the birth rate of premature infants with lower birth weights and an increase in the number of NICU installations by hospitals in both developed and developing countries, the normal incubator segment dominated the global market in 2020 and is expected to continue to do so throughout the forecast period.
Analysis on the Basis of Application
The market is divided into three categories based on application: neonatal hypothermia and low birth weight, jaundice, and others. In 2020, the category of neonatal hypothermia and low birth weight led the worldwide market, and this trend is expected to continue over the projected period. This is due to an increase in the occurrence of newborn hypothermia, which is more common among preterm and low birth weight neonates.
Analysis on the basis of End-User
The market is divided into three types of end users: hospitals, maternity hospitals, and neonatal and paediatric institutions. Due to an increase in admissions of neonates with preterm birth in neonatal & paediatric hospitals, as well as an increase in the number of NICU installations in neonatal & paediatric hospitals, the neonatal & paediatric hospital held the largest market share in 2020 and is expected to remain dominant throughout the forecast period.
Analysis on the basis of Region
Throughout the projected period, North America is likely to dominate the worldwide infant incubator market. This is due to the presence of significant market participants in the region, including GE Healthcare, Natus Medical Corporation, and UTAH Medical Products Inc. Furthermore, the North American infant incubator market is predicted to develop due to the potential client base and government and non-profit activities to raise awareness about the steady rise in the birth rate of preterm newborns.
Furthermore, throughout the projection period, Europe is predicted to be the second biggest market for newborn incubators. The market's major players are concentrating their efforts on attending and arranging pre-mature birth conferences. For example, in March 2017, Inspiration Healthcare (a company located in the United Kingdom) sponsored a Neo-Resus conference in the United Kingdom focused on newborn resuscitation (reviving infants from unconsciousness or apparent death). Over the projected period, these factors are likely to boost the worldwide infant incubator market's growth.
During the forecast period, the market is likely to be hampered by the high cost of new-born incubators, as well as a lack of knowledge and access to neonatal care in emerging countries. Technological improvements in new-born care equipment, on the other hand, are likely to provide profitable prospects for market expansion throughout the forecast period.
The infant incubator provides a safe, enclosed environment for neonates to survive outside the womb. Furthermore, it is commonly used to control body temperature in preterm babies. The need for new-born incubators is expanding globally due to an increase in the birth rate of preterm babies with low birth weight and other problems. Because of the increased frequency of preterm births, the demand is greater in poor and middle-income nations. The high cost of incubators and lack of accessibility in underdeveloped nations, however, are limiting the market's growth. Furthermore, the smart government increased efforts to provide cheap healthcare are creating profitable chances for market expansion.
The "Worldwide Infant Incubator Market Analysis to 2028" is a professional and in-depth research of the IOT medical device business, with a particular emphasis on global market trend analysis. The report's goal is to give a complete market segmentation of the infant incubator market by product, application, end user, and geography. During the projected period, the worldwide infant incubator market is predicted to rise rapidly. The research covers important trends and opportunities in the industry, as well as vital information on the market position of the top baby incubator market players.
A newborn baby is housed in an infant incubator, which is a hard box-like container where they are observed and cared for. Pediatric hospitals and neonatal critical care diagnostics units frequently use newborn incubators. The baby incubator is mostly used for preterm or disabled newborns who are especially susceptible during their first few months of life.
General Electric Company, ATOM Medical Corporation, Natus Medical Incorporation, COBAMS srl, Drägerwerk AG & Co. KGaA, Bistos Co. Ltd., Fanem Ltd, Inspiration Healthcare Group plc, Phoenix Medical Systems (P) Ltd., and NOVOS Medical Systems are among the leading competitors in the new-born incubator industry.
Latest Innovation in the Infant Incubation Market: A Snapshot
- Premature newborns may soon benefit from a smart mattress:
If a premature baby's body temperature isn't maintained, they're more likely to develop difficulties, yet they can lose heat quickly. Nottingham Trent University researchers have created a clever warming system that can produce enough heat to keep preterm newborns comfortable. Active warming, such as this, can help a baby's early growth and reduce the need for more extensive intervention later on. The heating features of the mattress, which is constructed of polyurethane elastomers and foam, are homogeneous and perfectly controlled. It must be properly managed in its current prototype state to guarantee that the correct quantity of heat is delivered.
- During the epidemic, video messaging is keeping families connected.
Many neonatal critical care facilities in the UK are restricting who may physically visit their infant during the Covid-19 outbreak. Some facilities only allow one parent to see their kid at a time or have visiting time limitations in place. vCreate helps parents who are unable to be with their children to maintain contact with them. The secure video messaging programme allows medical personnel to send video and photo messages to parents on a regular basis, ensuring that they do not miss important events during their child's early weeks.
Infant Incubator Market Scope :
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2032 |
Study Period | 2018-2032 |
Forecast Unit | Value (USD) |
Revenue forecast in 2032 | USD 518.2 Million |
Growth Rate | CAGR of 4.7 % during 2022-2032 |
Segment Covered | By Keys, By Types, By Application, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | GE Healthcare, Natus Medical Incorporated., Inspiration Healthcare Group plc., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, International Biomedical, Ltd., Atom Medical Corporation, Fanem Ltda, Novos Medical Systems, Pluss Advanced Technologies Pvt. Ltd., Weyer GmbH, BabyBloom Healthcare BV, Medical Technology Transfer and Services Asia |
Key Segments of the Infant Incubation Market
Type Overview, (USD Million)
- Transport
- Normal
- Hybrid
End-User Overview, (USD Million)
- Hospitals
- Maternity Hospitals
- Neonatal & Pediatric Hospitals
Regional Overview, (USD Million)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa