Infant Incubator Market - Size, Share, Outlook, and Analysis, 2018-2026
Posted by Pareesh on May 18th, 2019
Infant incubator is a device used for pre-matured infants, which are born before 37 weeks of pregnancy period. These pre-termed infants undergo several complications as their body temperature is low, i.e., they cannot regulate the temperature of their body when born hence, have a high risk with respect to external environment, various infections, and breathing problems that can lead to death. Incubators protect premature infants by providing them the required environment. They are small box-like structures that contain small bed and an attached trolley. These boxes are generally made of glass except the top is covered by rigid plastic.
Increasing number of premature infants is expected to boost the global infant incubator market growth over the forecast period. For instance, according to World Health Organization’s (WHO) report, 2018, around 15 million infants are born in a pre-mature state worldwide annually. The report also states that prematurity is one of the major contributors of infant mortality rate worldwide. The rate of babies born in a pre-mature state ranges from 5% - 8% in 184 countries.
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Increasing number of studies are focused on advancements in infant incubator, which is expected to support the global infant incubator market growth over the forecast period. For instance, in March 2019, a group of researchers from Northwestern University and the Robert H. Lurie Children’s Hospital of Chicago developed wireless sensors and biosensors for monitoring vital signs with regards to contact of mother and child in replacement of wires that are used in incubator. According to the researchers, skin-to-skin contact between mother and child decreases the risk of pulmonary complications and liver infections. Implementation of such technologies in products available in the market is expected to support global infant incubator market growth over the forecast period.
High cost of infant incubator is expected to hinder the global infant incubator market growth over the forecast period. Manufacturers in the market are focused on offering technologically advanced (such as pressure diffusing mattresses and disposable skin probes) products in the market. This factor further adds to the final prices of these products. For instance, incubator may cost anywhere between US$ 600 to US$ 6,500 (GE Healthcare’s incubator costs around US$ 6,210). This factor may restrain the global infant incubator market growth in developing countries in regions such as Africa, Asia Pacific, and Latin America.
Some of the major players operating in global infant incubator market include, GE Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Bistos Co. Ltd., Drägerwerk AG & Co. KGaA, UTAH Medical Products Inc., and Inspiration Healthcare Group plc.
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About the AuthorPareesh
Joined: May 31st, 2017
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