Infant Incubator Market Overview:
Infant incubator are closed care infant warming devices. It is essentially a device that is used to provide a controlled environment with the essential levels of warmth, humidity, and oxygen required by a new born baby. The incubator unit is composed of a soft mattress, covered by a plastic cover, and usually in the form of a trolley. It protects the infant from dust, noise, infection, and excess handling, providing a clean environment. In the incubator chamber, a temperature sensor adjusts the heat and maintains constant temperature for the infant. There is also 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. This has increased the survival rates of pre-term babies to a great extent.
Infant Incubator Market Size:
The global infant incubator market was valued at $268 million in 2015 and is estimated to grow at a CAGR of 5.9% till 2023 to reach $401 million.
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Infant Incubator Market Growth Factors, Drivers and Restraints:
The reduction in rate of neonatal hypothermia is a result of the presence of the infant incubator. In spite of its growing benefits a few restraining factors do exist. high cost of these devices, availability of alternate modes such as infant warmers, and inadequacy of these devices in the developing regions are expected to hinder the growth of the market substantially. Also, incubators limit the infant’s access to medical care, which might have a negative impact on the growth of the new-born, thereby, slowing the market growth. The market segment it is currently catering to like paediatric hospitals, birthing centres, and neonatal intensive care units, are on a rise because of the increase in the number of preterm births. This is expected to boost the market in the coming years.
Infant Incubator Market Geographical Overview:
Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is the largest market for this incubator, owing to the growing number of premature births and a well-defined healthcare structure. Europe is also a strong market and is anticipated to grow at a CAGR of 7% in the forecasted period. India and China, according to WHO have a high rate of premature infant birth rate and, therefore, it is expected to show a robust growth rate.
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Key Players of Infant Incubator Market:
The major players operating in the infant incubator market include GE Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Cobams srl, AVI Healthcare Private Limited, Gammer International, Fanem Ltd, Ningbo David Medical Device Co., Ltd, Novos Medical Systems, and Ardo.
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