Infant Incubator Market to exceed USD 401 million by 2023 | General Electric Company, Atom Medical Corporation

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According to the report by Allied Market Research, the global Infant Incubator market is estimated to register a CAGR of 5.9% from 2017 to 2023. The research helps leading players and startups to devise new strategies based on current market trends and changing dynamics. Competitive landscape is mentioned in the report based on business segments, products portfolio, and strategic moves & developments of leading market players. Detailed segmentation assists in determining growing segments and determining further steps to capitalize on lucrative segments. Regional landscape is helpful in determining opportunities and driving factors of each region and taking further steps.

The neonatal intensive care unit (NICU) incubator segment accounted for nearly three-fifths share of the total market in 2016.

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Infant incubator is a biomedical device with a rigid box-like chamber, which provides humidity, warmth, and oxygen to the newborn in a controlled environment. Infant incubator improves infant survival rate by maintaining thermal stability within the chamber and providing an infection free environment to the infant. Technological advancements in the neonatal care devices has led to the emergence of advanced infant incubators such as infant incubators with controlled light environment, minimized heat loss, and incubators with microprocessor-based servo-controlled temperature systems.

The prime factors that drive the growth of the infant incubators market is increase in incidence of preterm birth rates. Moreover, growth in number of NICU admissions, and inflow of technologically advanced infant incubators has further accelerated the demand of infant incubators globally to initiate the proper treatment of infant at the earliest. However, the scarcity of NICU units globally and inflated cost of infant incubators hampers the growth of the market. Nevertheless, funding by government and private organizations toward development of neonatal healthcare facilities in emerging economies is expected to provide lucrative growth opportunities for the infant incubators market.

The transport infant incubator accounted for about one-third share of the total market in 2016. This is owing to the fact that transport infant incubator is used more commonly in emergency situations to transfer infant safely from one location to another within controlled environment. However, the neonatal intensive care unit (NICU) incubator is expected to register growth of CAGR 4.3% throughout the forecast period. This is due to the rise in the number of NICU installations by hospitals and high investment by key players in bringing innovation to infant incubators.

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In terms of application, neonatal hypothermia dominated the market with nearly half of the market share in 2016. This is attributed to the fact that neonatal hypothermia is recognized as the key contributor to the mortality and morbidity risk of newborns. The neonatal intensive care units end user segment dominated the market with about two-fifths share in 2016. This is attributed to the high number of NICU admissions globally. They are also preferred as primary location for keeping premature baby for proper treatment. However, pediatric hospitals are expected to show fastest growth at a CAGR of 6.3% during the forecast period. This is owing to the increase in adoption of infant incubators in these hospitals.

In 2016, Asia-Pacific and LAMEA collectively accounted for about one-fourth share of the market and is expected to continue this trend. This is due to increase in adoption of infant incubators technologies and high incidences of preterm babies specifically in China, India, and the other developing economies. Moreover, rise in investments towards development of healthcare-information technology (HCIT) done by key players in the infant incubators field is the main reason for the growth of the market in Asia-Pacific region.

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The Major Key Players 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
• Drgerwerk AG
• Cobams plc.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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