Allied Market Research published a report, titled, "Infant Incubator Market by Product (Hybrid Incubator, Normal Incubator, and Transport Incubator), Application (Neonatal Hypothermia & Low Birth Weight, Jaundice, and Others), and End User (Hospitals, Maternity Hospitals, and Neonatal & Pediatric Hospitals): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global infant incubator industry generated $131.7 Million in 2020, and is anticipated to generate $249.05 Million by 2030, witnessing a CAGR of 6.5% from 2021 to 2030.
Prime determinants of growth
Increase in birth rate of premature infants, rise in installations of NICU units, and surge in awareness regarding neonatal care drive the growth of the global infant incubator market. However, high cost of infant incubators and poor accessibility toward neonatal care in developing regions hinder the market growth. On the other hand, technological advancements in neonatal care devices present new opportunities in the coming years.
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The Neonatal Hypothermia and Low Birth Weight segment to maintain its leadership status
Based on application, the Neonatal Hypothermia and Low Birth Weight segment held the highest market share in 2020, accounting for nearly two-thirds of the global infant incubator market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 7.1% from 2021 to 2030, owing to increase in prevalence of neonatal hypothermia, as preterm and low birth weight neonates specifically are more susceptible to hypothermia.
The Neonatal and Pediatric Hospitals segment to maintain its lead position during the forecast period
Based on end user, the Neonatal and Pediatric Hospitals segment accounted for the largest share in 2020, contributing to more than half of the global infant incubator market, and is projected to maintain its lead position during the forecast period. This is owing to surge in admissions of neonates with preterm birth in neonatal & pediatric hospitals as well as increase in the number of NICU installations in neonatal & pediatric hospitals. However, the hospitals segment is expected to portray the largest CAGR of 8.6% from 2021 to 2030, owing to increase in adoption of infant incubator in hospital.
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly half of the global infant incubator market, owing to presence of well-established NICUs and neonatal care in the region. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 8.34% during the forecast period, owing to rise in inclination toward adoption of advanced infant incubators for monitoring and diagnosis of neonates.
Leading Market Players:
Atom Medical Corporation
Bistos Co., Ltd.
Drägerwerk Ag
Fanem Ltd.
General Electric Company (GE Healthcare)
Medicor Elektronika Zrt.
Médipréma Group
Ningbo David Medical Device Co. Ltd.
Phoenix Medical System Pvt. Ltd
Zhengzhou Dison Instrument
Meter Co. Ltd.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
An Infant Incubator is a piece of equipment common to pediatric hospitals, birthing centers and neonatal intensive care units.
While the unit may serve several specific functions, it is generally used to provide a safe and stable environment for newborn infants, often those who were born prematurely or with an illness or disability that makes them especially vulnerable for the first several months of life.The incubator unit is composed of a soft mattress, which is covered by a plastic cover, and is usually in the form of a trolley.
It protects the infant from dust, noise, infection, and excess handling, providing a clean environment.Download Sample Copy of This Report @ https://dataintelo.com/request-sample/?reportId=108909In the incubator chamber, a temperature sensor adjusts the heat and maintains constant temperature for the infant.
Furthermore, there is a humidification system and electric heating system in the incubator chamber to maintain humidity and to circulate humid air.
These devices are essential to regulate the temperature for preterm infants as their normal metabolic rate is lower, leading to reduced heat production.
The global Infant Incubator market was 490 million US$ in 2018 and is expected to 830 million US$ by the end of 2025, growing at a CAGR of 7.9% between 2019 and 2025.Read More @ https://www.marketwatch.com/press-release/infant-incubator-market-size-to-grow-extensively-with-79-cagr-by-2025-2019-12-04
