Infant Incubator Market Expected to Reach $2 Billion by 2030 | CAGR of 6.57%

According to a new report published by Allied Market Research, titled, “Infant Incubator Market , by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global infant incubator market size was valued at $537 Million in 2020, and is projected to reach $1,044 Million by 2030 registering a CAGR of 6.8% from 2021 to 2030.

Infant incubator is a biomedical device with a rigid box-like chamber, which provides humidity, warmth, and oxygen to the newborn in a controlled environment. Infant incubator improves infant survival rate by maintaining thermal stability within the chamber and providing an infection-free environment to the infant. The incubator unit is composed of a soft mattress, which is covered by a plastic cover, and is 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. 

The incubator chamber is installed with a humidification system and electric heating system 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.

The major factors that drive the growth of the global infant incubator market are increase in birth rate of premature infants due to age of mother (more than 35 years) and lifestyle habits such as rise in alcohol consumption, smoking, and drug abuse. In addition, increase need for installation of NICU units and rise in awareness among individuals regarding neonatal care are expected to boost the market growth. However, high cost of infant incubator and lack of awareness & poor accessibility toward neonatal care in emerging nations are expected to hinder the growth of infant incubator market. 

Conversely, technological advancements in neonatal care devices are anticipated to offer remunerative opportunities for the expansion of the global market during the forecast period.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic negatively impacted the global infant incubator market initially in 2020 due to global economic recession led by COVID-19. However, the market is anticipated to witness recovery in 2021, and show stable growth for infant incubator in the coming future.

The global infant incubator market is segmented into product, application, end user, and region. By product, the market is categorized into hybrid incubator, normal incubator, and transport incubator. The normal incubator segment was the major shareholder 2020, owing to increase in birth rate of premature infants with lower birth weights and rise in the number of NICU installations by hospitals of both developed and developing countries.

On the basis of application, it is segregated into neonatal hypothermia & low birth weight, jaundice, and others. The neonatal hypothermia & low birth weight segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to the increase in prevalence of neonatal hypothermia, as preterm and low birth weight neonates specifically are more susceptible to hypothermia. 

Depending on end user, it is segmented into hospitals, maternity hospitals, and neonatal & pediatric hospitals. The neonatal & pediatric hospital acquired the largest share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to surge in admissions of neonates with preterm birth in neonatal & pediatric hospitals as well as increase in the number of NICU installations in neonatal & pediatric hospitals.

Key Findings Of The Study 

• Depending on product, the normal incubator held largest share in the global infant incubator market in 2020.
• On the basis of application, the neonatal hypothermia & low birth weight held largest infant incubator market share in 2020 and is expected to remain dominant throughout the forecast period. 
• By end user, the neonatal & pediatric hospital dominates the global market in 2020 and is anticipated to continue this trend during the forecast period.
• Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.3% during the forecast period.  

North America accounted for the largest share of the global infant incubator market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to presence of well-established NICUs and neonatal care in the region.