The global infant incubators market is expected to be valued US$ 327.9 million by the end of 2022, with a 4.7% CAGR between 2022 and 2032. The market is anticipated to be valued US$ 518.2 million by 2032. Critical care incubators are the product market leader, accounting for over 72.3% of the market in 2021.
The global infant incubators market is expanding as a result of greater knowledge about newborn health, rising frequency of chronic illnesses, and an increase in cases of sudden unexpected deaths among infants in healthcare institutions. Furthermore, the rise of various epidemics and the imminent health hazards they offer have increased demand for critical care incubators across all healthcare facilities, driving market growth.
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Furthermore, increased acceptance of newborn incubators by various end users, including as hospitals and paediatric and neonatal critical care units, will boost the market in the coming years. The healthcare industry in the United States has been emphasising the need of government agencies working together to enhance healthcare facilities. The CDC and the March of Dimes, for example, formed the National Network of Perinatal Quality Collaboratives (NNPQC) to support state-based PQCs in improving mother and infant health outcomes statewide in a measurable manner.
These factors will drive the market in the near future, as leading firms focus on acquisitions and the development of novel products with higher efficacy in terms of environmental stability, infection prevention, and durability.
Key Takeaways from Market Study
- In 2021, the intensive care incubators category accounted for roughly 72.3% of the global market share.
- In 2021, the hospital segment earned a market share of roughly 51.7% based on end user.
- East Asia is regarded 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.
- During the forecast period, China is expected to rise at a lucrative CAGR of 5.8%.
“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.
Infant Incubators Market Outlook By Category
By Product:
- Intensive Care Incubator
- Transport Incubator
By End User:
- Hospitals
- Pediatric and Neonatal Intensive Care Units
- Others
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About FMI:
Future Market Insights (ESOMAR certified 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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