The global infant incubators market size is expected to reach a valuation of USD 345.3 million in 2023, and further expand at a CAGR of 4.5% from 2023 to 2033.
The market is likely to reach an estimated valuation of USD 538 million by 2033. By product, intensive care incubators led the market and generated a share of about 71.6% in 2022.
A newborn is treated in a controlled setting in a neonatal incubator, which is a device consisting of a hard box-like cage, for medical treatment. The apparatus has a heater that runs on AC power, a fan to circulate the heated air, a tank for fluid to add moisture, a control valve to add oxygen, and access ports for nursing care.
To adjust the temperature of an incubator, it also has a servo control. A temperature-sensing thermistor for the servo control is attached with adhesive to the child's abdomen. Thus, by bringing in neonatal incubators, healthcare facilities provide a positive outcome for patients.
The global market is expected to witness promising growth in the forecast period due to multiple pregnancies, as well as the prevalence of high blood pressure, diabetes, and infectious & chronic conditions. Gestational diabetes during pregnancy is more likely to occur in women who have had several pregnancies.
Babies of diabetic mothers are more prone to encounter neonatal problems like respiratory distress. Even in singleton pregnancies, gestational diabetes is prevalent, but it is successfully treated.
| Attributes | Details |
|---|---|
| Infant Incubators Market CAGR (2023 to 2033) | 4.5% |
| Infant Incubators Market Size (2023) | USD 345.3 million |
| Infant Incubators Market Size (2033) | USD 538 million |
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Premature infants now have access to greater medical treatment than ever because of ongoing advancements in neonatal care. A premature or seriously unwell newborn focuses all of their energy on growing rather than maintaining their body heat when they are kept in an incubator.
If the infant needs surgery, keeping them in an incubator boosts their chances of recovering as the equipment enables medical professionals to prepare them in the ideal setting.
The incubator’s wide range of variable height adjustment allows nursing parents to feed their children even if they are in a wheelchair, thereby making it more accessible for both impaired parents and those who are temporarily in a mobility scooter while they rehabilitate from giving birth.
As new technologies like webcams in the NICU have made families connect with their newborns, this development has brought about noticeable positive treatment outcomes in hospitals and has increased patient satisfaction.
Infant incubators play an important role in the healthcare industry to deliver enhanced healthcare services. Even though these incubators have superior qualities, they come along with a few drawbacks.
Any neonatal intensive care unit (NICU) needs incubators and radiant warmers to provide preterm infants with a thermo-neutral environment. Affordably priced, high-quality equipment is required since many hospitals in low- and middle-income countries cannot afford the high capital and maintenance expenses of the currently available thermoregulation equipment.
Preterm infants need specialized care and they have to spend days, sometimes even months, in neonatal units outfitted with incubators and monitoring devices that support and regulate their temperature and cardiorespiratory function. These devices have fans, switches, and alarms that produce noise.
Such environmental noise is known to disrupt activities like recreation and sleep, cause long-term hearing loss, and has been linked to a higher risk of brain development problems. Owing to the aforementioned factors, demand for infant incubators decline in the upcoming decade.
The global infant incubators market exhibited a CAGR of approximately 4.5% and reached a valuation of USD 327.9 million in the global neonatal care equipment market in 2022. Sales of infant incubators expanded at a CAGR of 5.9% from 2018 to 2022 owing to growing concerns associated with maternal and neonatal health.
Demand for infant incubators continues to grow at a rapid pace in the next decade. Preference for these incubators is growing as they have a positive effect on premature newborns' health in terms of safety. They also provide warmth, a humid environment, and an oxygen supply to premature babies.
According to the Reproductive Health Journal, preterm delivery is still a significant public health issue that accounts for 75% of neonatal deaths globally. When correct evaluation of gestational age is not attainable, low birth weight (LBW) is an important but unreliable surrogate for preterm. While preterm birth and LBW are closely related, those who are premature and have LBW have a high risk of poor neonatal outcomes.
Owing to the aforementioned factors, the global infant incubators market is expected to grow at a CAGR of 4.7% during the forecast period from 2023 to 2033. This is also propelled by growing concerns regarding maternal and infant health, which necessitate the adoption of new incubators within healthcare facilities.
| Countries | Market Share (2022) |
|---|---|
| United States | 18.2% |
| Germany | 5.2% |
| Japan | 7.8% |
The United States dominated the North American region with a market share of about 18.2% in 2022. As per FMI, the country is expected to continue to dominate the market throughout the forecast period. According to the American Medical Association, in 2020, the United States health spending climbed by 9.7% to USD 4.1 trillion, or USD 12,530 per person.
Compared to 2019, this growth rate is significantly larger (4.3 percent). The sharp rise in expense can be linked to the higher prevalence of preterm births, as well as growing income.
China held approximately 43.5% of the share in the East Asia market in 2021 and is projected to exhibit growth at a lucrative CAGR of 4.9% during the forecast period, says FMI. The country has the second-leading economy in the world.
The ever-increasing aging population and rising number of clinics & hospital services are set to support the expansion of the China medical device industry, which further spur growth in the field of newborn incubators.
China's GDP expanded by 10% annually over the last forty years. This expansion was fueled by high productivity gains within numerous domains and the emergence of effective & efficient operations between sectors and ownership groups. Thus, with growing healthcare expenditure by the government, the infant incubators market is likely to propel China in the evaluation period.
India is set to exhibit a CAGR of nearly 4.0% in the South Asia infant incubators market during the forecast period. In the past ten years, the healthcare and medical device industries have experienced substantial growth in the country. There is a big gap between the supply and demand for medical devices in India at present, which presents great potential for device manufacturers operating in the country.
According to India Brand Equity Foundation, the medical devices market in India is projected to be worth USD 12 Billion as of May 2021. The country is considered to be the 4th leading Asian medical devices industry after Japan, China, and South Korea. The market in India comprises small and midsized companies, as well as large multinationals.
The Government of India (GOI), has initiated several efforts to enhance the medical devices sector with a focus on 100% FDI for medical devices. This factor is also expected to fuel the market in the country.
Intensive care incubators are expected to showcase high growth at a CAGR of 5.5% throughout the forecast period. As per FMI, the segment exhibited a market share of about 71.6% in the global market in 2022.
An intensive care incubator has various features like climate control and defense against allergens, pathogens, loud noises, and dangerous light levels. The ability of this type of incubator to regulate humidity enables it to safeguard a baby's skin from excessive water loss and brittleness or cracking. Thus, intensive care incubators are set to show high growth during the forecast period.
Hospitals held the leading market share of 51.2% in 2022, finds FMI. The growing prevalence of chronic and infectious diseases, as well as increasing volumes of preterm births, have driven this segment, thereby propelling sales of infant incubators worldwide.
The infant incubator market is highly fragmented with the presence of a large number of producers worldwide. To meet the surging consumer demand and expand their customer base, these companies are implementing various tactics such as mergers & acquisitions, partnerships & collaborations, and new product launches.
Key players are also focusing on promoting maternal and child health care and are initiating easy accessibility to their products & services within low-income economies.
Key industry developments are given below:
The market is valued at USD 345.3 million in 2023.
Atom Medical Corporation, Bistos Co. Ltd., and Drägerwerk Ag are key market players.
India, Japan, and China dominate the Asian market.
The market is estimated to reach USD 538 million by 2033.
North America is projected to emerge as a lucrative market.
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Infant Incubators Market
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