Infant
Incubator Market, by Product Type (Portable and Non-portable), by Modality
(Open Box Type and Closed Box Type), By Application (Pre-maturity (Neonatal
Hypothermia, Lower Birth Rate, and Others) and Congenital Diseases), by End
Users (Hospitals, Post-Natal Care Wards, Neonatal Intensive Care Units, and
Maternity Centers), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity
Analysis, 2018 - 2026
Infant incubator is a device used
for pre-matured infants, which are born before 37 weeks of pregnancy period.
These pre-termed infants undergo several complications as their body
temperature is low, i.e., they cannot regulate the temperature of their body
when born hence, have a high risk with respect to external environment, various
infections, and breathing problems that can lead to death. Incubators protect
premature infants by providing them the required environment. They are small
box-like structures that contain small bed and an attached trolley. These boxes
are generally made of glass except the top is covered by rigid plastic.
Infant Incubator Market Drivers
Increasing number of premature
infants is expected to boost the global infant incubator market growth over the
forecast period. For instance, according to World Health Organization’s (WHO)
report, 2018, around 15 million infants are born in a pre-mature state
worldwide annually. The report also states that prematurity is one of the major
contributors of infant mortality rate worldwide. The rate of babies born in a
pre-mature state ranges from 5% - 8% in 184 countries.
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Increasing number of studies are
focused on advancements in infant incubator, which is expected to support the
global infant incubator market growth over the forecast period. For instance,
in March 2019, a group of researchers from Northwestern University and the
Robert H. Lurie Children’s Hospital of Chicago developed wireless sensors and
biosensors for monitoring vital signs with regards to contact of mother and
child in replacement of wires that are used in incubator. According to the
researchers, skin-to-skin contact between mother and child decreases the risk
of pulmonary complications and liver infections. Implementation of such
technologies in products available in the market is expected to support global
infant incubator market growth over the forecast period.
Infant Incubator Market Regional
Analysis
North America is expected to hold
dominant position in the global infant incubator market over the forecast
period. This is owing to presence of major market players such as GE
Healthcare, Natus Medical Corporation, and UTAH Medical Products Inc in the
region. Moreover, potential customer base and initiatives of governments and
several organizations (non-profit, and others) to increase the awareness about
consistent rise in birth rate of premature infants is expected to support
growth of the North America infant incubator market. For instance, March of
Dime – a non-profit organization in the U.S. — celebrates November as a prematurity
awareness month annually.
Moreover, Europe is expected to
be the second largest market for infant incubator over the forecast period. Key
players in the market are focused on participating and organizing conferences
related to pre-mature birth. For instance, in March 2017, Inspiration
Healthcare (U.K.-based manufacturer) sponsored a Neo-Resus conference held in
the U.K. which was about neonatal resuscitation (reviving infants from
unconsciousness or apparent death). These factors are expected to support the
global infant incubator market growth over the forecast period.
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Infant Incubator Market Restraint
High cost of infant incubator is
expected to hinder the global infant incubator market growth over the forecast
period. Manufacturers in the market are focused on offering technologically
advanced (such as pressure diffusing mattresses and disposable skin probes)
products in the market. This factor further adds to the final prices of these
products. For instance, incubator may cost anywhere between US$ 600 to US$
6,500 (GE Healthcare’s incubator costs around US$ 6,210). This factor may
restrain the global infant incubator market growth in developing countries in
regions such as Africa, Asia Pacific, and Latin America.
Infant Incubator Key Players
Some of the major players
operating in global infant incubator market include, GE Healthcare, Atom
Medical Corporation, Natus Medical Incorporated, Bistos Co. Ltd., Drägerwerk AG
& Co. KGaA, UTAH Medical Products Inc., and Inspiration Healthcare Group
plc.
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