Infant Incubator Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research
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The report on the global infant incubator market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The infant incubator market is growing at a rapid pace during the forecasted period mainly because of increasing number of premature births and occurrence of abnormalities and defects at birth. Low birth weight of babies is also contributing towards the market growth.
2. There is a rise in number of Neonatal Intensive Care Units (NICU) in hospitals and growth in awareness regarding neonatal care, which is boosting the market growth further.
3. However, high cost of infant incubator and poor maintenance of incubators is hampering the growth of the market worldwide specifically in underdeveloped regions. Advancement in technology for neonatal care is creating newer growth opportunities for the infant incubator market.
The global infant incubator market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The Asia Pacific region holds the highest market share and continues to dominate the global infant incubator market during the forecasted period because of rise in number of premature births in highly populated countries like India and China. Moreover, government in the developing countries are taking measures to create awareness among public about neonatal care. This feature is favoring the progress of the infant incubator market growth in the region. The market is also growing at a fast pace in the North America region because of the presence of key market players that are collaborating to invest in the R&D activities for technological advancements of biomedical devices.
This report analyzes the infant incubator market by the following segments:
Infant Incubator Market, by Product
1. Transport Infant Incubator
2. Neonatal Intensive Care Unit (NICU) Incubator
Infant Incubator Market, by Application
1. Neonatal Hypothermia
2. Lower Birth Weight
3. Genetic Defects
Infant Incubator Market, by End-user
1. Pediatric Hospitals
2. Birthing Centers
3. Neonatal Intensive Care Units
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