Infant Incubator Market Analysis with the Current Trends and Future Growth

Posted by Sandeep Salunkhe on April 11th, 2019

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.

According to Allied Market Research  the global infant incubator market was valued at 8 million in 2016, and is projected to reach 1 million by 2023, growing at a CAGR of 5.9% 

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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.

Key Findings:

• The U.S. was the highest shareholder in the North America infant incubators market in 2016 and poised to retain its lead from 2017-2023.
• The neonatal intensive care units end user segment is anticipated to grow with a CAGR of 6.0% during the forecast period.
• The birthing centers end user segment held remarkable position with one-sixth share in 2016, registering a CAGR of 5.4% from 2017-2023.
• The lower birth weight application registered fastest growth with a CAGR of 6.4% during 2017-2023. India is expected to grow at the remarkable rate of 6.5% during the forecast period.

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