Infant Incubators Market Analysis 2022 to 2032 | By Koninklijke Philips, Natus Medical, GE Healthcare, Atom Medical

The global Infant Incubators market size is expected to be valued US$ 327.9 million by 2022, with a 4.7% CAGR from 2022 to 2032. The market is anticipated to be valued US$ 518.2 million by 2032. Critical care incubators are the market leader, accounting for approximately 72.3% of the market in 2021.

The global Infant Incubators market is expanding due to greater awareness of newborn health, a growth in the incidence of chronic illnesses, and an increase in cases of unexpected deaths among infants in healthcare facilities. Furthermore, the emergence of numerous epidemics, as well as the associated health risks, has increased demand for critical care incubators across all healthcare facilities, propelling market expansion.

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Furthermore, rising acceptance of newborn incubators by various end users, such as hospitals and paediatric and neonatal critical care units, will propel the market in the coming years. In the United States, the healthcare industry has underlined the need of government agencies working together to improve healthcare facilities. The Centres for Disease Control and Prevention (CDC) and the March of Dimes, for example, formed the National Network of Perinatal Quality Collaboratives (NNPQC) to help state-based PQCs in attaining statewide demonstrated improvements in mother and infant health outcomes.

These factors will drive the market in the near future, as leading players focus on acquisitions and the development of novel products with higher environmental stability, infection prevention, and durability.

Key Takeaways from Market Study

• The intensive care incubators category was predicted to represent for around 72.3% of the global market in 2021.
• In 2021, the hospital segment will have a market share of roughly 51.7% based on end user.
• East Asia is recognised as the industry’s top region, with a 22.3% market share in 2021.
• Due to an increase in preterm births in the region, Europe accounted for a value share of 19.7% in 2021.
• China is expected to develop at a 5.8% CAGR over the forecast period.

“Increased initiatives by government bodies to promote health safety solutions and growing prevalence of chronic illnesses among infants in healthcare facilities are estimated to propel the market,” says an analyst of Future Market Insights.

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Competitive Landscape

Despite the fact that infant incubator manufacturers are operating at full capacity, demand has recently outpaced supply due to the increased prevalence of chronic illnesses. A wide spectrum of end users, including healthcare practitioners and other industrial users, have been impacted by the gap.

The global Infant Incubators market is fragmented, with a diverse spectrum of regional, emerging, and established enterprises working within it. Major stakeholders have begun promotional operations in order to market novel Infant Incubators with increased efficacy.

For instance,

• In April 2022, Over 200 portable incubators, constructed using technology co-invented by a Stanford MBA more than ten years ago, were shipped to Ukraine to provide life-saving warmth to premature babies born in hospitals and bomb shelters.
• Dräger’s new Ponta and Ambia ceiling supply systems, which went into effect on September 30, 2021, provide hospitals a lot of leeway when building workstations that serve specific clinical needs in the operating room, ICU, and NICU.

Key Players

• GE Healthcare
• Natus Medical Incorporated.
• Inspiration Healthcare Group plc.
• Koninklijke Philips N.V.
• Drägerwerk AG & Co. KGaA
• Fisher & Paykel Healthcare
• International Biomedical Ltd.
• Atom Medical Corporation
• Others

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Infant Incubators Market Outlook By Category

By Product:

• Intensive Care Incubator
• Transport Incubator

By End User:

• Hospitals
• Pediatric and Neonatal Intensive Care Units
• Others

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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