Neonatal Incubator - Market Insights, Competitive Landscape, and Market Forecast - 2030

The global neonatal incubator market is estimated to grow at a CAGR of 6.7% during the forecast period from 2024 to 2030. The neonatal incubator market is observing remarkable market growth due to the factors such as the increasing number of premature babies and the rising demand for maintaining the small environment of desired temperature using incubators for neonates. Further, the rising prevalence of jaundice, infection, and respiratory diseases in neonates will also create a necessity for a neonatal incubator in the market. Therefore, the market for neonatal incubators is estimated to grow at a substantial CAGR during the forecast period from 2024 to 2030.

Neonatal Incubator Market Dynamics:

The neonatal incubator market is witnessing a growth in product demand owing to various factors, one of the key factors being the increase in the prevalence of premature birth and jaundice. For instance, according to the World Health Organization (WHO) 2022, every year, an estimated 15 million babies are born preterm (before 37 completed weeks of gestation). The number may increase in the upcoming years owing to the increasing number of complications in pregnancy ultimately leading to an increased need for a neonatal incubator in the market to maintain the neonate's body temperature and to provide an environment like a mother’s womb.

Further, as per the Centers for Disease Control and Prevention (CDC) 2022, the preterm birth rate in the US rose by 0.4% in 2022, from 10.1% in 2020 to 10.5% in 2022, and the rate of preterm birth among African-American women (14.8%) was about 50 percent higher than the rate of preterm birth among white or Hispanic women (9.5% and 10.2% respectively). Further, as per the same source, an estimated 15 million babies are born prematurely, in the US, every year.

According to the Office for National Statistics 2022, the overall percentage of preterm live births in England increased slightly from 7.4% in 2020 to 7.6% in 2022. Premature babies are susceptible to getting cold in normal room temperatures and may need an incubator to maintain optimal body temperature. Preterm babies need to be placed immediately after birth in an incubator or often called an isolette, where the temperature can be adjusted to keep the neonate warm because preemies don't have enough body fat to hold their body temperature and baby can suffer from a traumatic birth, respiratory distress syndrome (RDS), and hypoglycemia. Thus, the increasing number of premature babies will increase the demand for neonatal incubators.

Therefore, the factors stated above collectively will drive the overall neonatal incubator market during the forecast period from 2024-2030.

However, the adverse events related to the incubator, and others may restrict the neonatal incubator market growth.

The COVID-19 pandemic significantly influenced the neonatal incubator industry worldwide as the outbreak of COVID-19 has hampered the global healthcare sector because the pandemic led to the cancellation of outpatient visits and the suspension of a non-emergency hospital visits. Due to this pregnant women received less care, resulting in complications during pregnancy. However, during COVID-19 there was a rise in production and demand for neonatal incubators due to the high birth rate. For instance, according to UNICEF 2020, globally, an estimated 116 million babies were born under the shadow of the COVID-19 pandemic, and almost a quarter of them which is approximately 29 million were born in South Asia, including India (20 million), Pakistan (5 million), Bangladesh (2.4 million), and Afghanistan (1 million). Thus, the increasing concern regarding premature babies' health and the rise in the number of preterm babies led to open emergency services for mothers and neonates. Owing to all the factors the manufacturers increased their manufacturing, thereby providing ample opportunities for the neonatal incubator devices market to grow at significant revenue. Also, along with the above-mentioned factors the easing of lockdown restrictions and the return of normalcy in the economic landscape helped the market of neonatal incubators to grow. Thus, the above-mentioned factors propelled the demand for the neonatal incubator market during the pandemic and are estimated to do the same during the forecast period.

Neonatal Incubator Market Segment Analysis:

Neonatal Incubator Market by Product (Neonatal Intensive Care Incubator and Transport Incubator), Application (Genetic Disorder, Hypothermia, Low-Birth Weight, and Others), End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product segment of the neonatal incubator market, the neonatal intensive care incubator (NICU) segment is expected to have a revenue share of xx in the year 2023.

This was primarily owing to the rising focus of manufacturers on developing technologically advanced NICUs for improved and efficient treatment of neonatal and the various advantages offered by the category. For instance, in the NICU each baby is kept in a desired environment to maintain the right body temperature. NICU may also contain various other equipment such as a ventilator that helps in breathing, the machines to deliver fluids and medicines through tubes in neonates' veins, the monitors attached to the baby's body to check their heart rate, breathing rate, and oxygen levels which will be in use for maintaining hypothermia in neonates, and other equipment.

Additionally, the increasing rising prevalence of low birth weight, birth with trauma, breathing problem, infection, any neonatal surgery, and other factors will increase the demand for this segment.

NICU is used in the treatment of premature births and some sick newborns. In addition, the NICU protects preterm babies from illness, allergies, and potentially harmful noise and light levels.

Therefore, owing to the above-mentioned factors, the category neonatal intensive care incubator (NICU) is expected to witness considerable growth eventually contributing to the overall growth of the global neonatal incubator market during the forecast period.

North America is expected to dominate the overall Neonatal Incubator Market:

Among all the regions, North America is expected to hold the largest share of the neonatal incubator market in 2022 and is expected to do the same during the forecast period from 2024-2030. Neonates are prone to various diseases such as low birth weight, jaundice, infection, hypothermia, and genetic disorder, thus the increasing prevalence of such diseases in the North America will boost the neonatal incubator demand in North America during the forecast period.

For instance, according to the CDC 2023, in 2022 the number of total births in the US was 3,664,292, the birth rate was 11.0 per 1,000 population, the percent born low birthweight was 8.52%, the percent preterm babies was 10.49%.

As per the CDC 2022, in 2022 preterm birth affected about 1 of every 10 neonatal born in the United States.

Preterm babies and low birth weight in neonates may cause infection and respiratory disease. To prevent these cases physicians require an incubator to keep neonates at a normal temperature. Thus, the increasing number of premature birth in neonates will increase the demand for neonatal incubators, thereby increasing the overall market growth of neonatal incubators.

Furthermore, technological advances in the neonatal care sector, including developing cutting-edge incubators such as double-walled incubators, microprocessor-based servo-controlled temperature systems, and incubators with thermal-neutral environments, aided market growth.

Therefore, the interplay of the above-mentioned factor would provide a conducive growth environment for the North American region in the neonatal incubator market.

Neonatal Incubator Market Key Players:

Some of the key market players operating in the neonatal incubator market include Fanem, Suzhou Being Medical Devices Co., Ltd, Atom Medical Corp, nice Neotech Medical Systems Pvt. Ltd., Narang Medical Limited, Advin Health Care, Advanced Instrumentations., Bistos Co., Ltd., BNG Medical Instruments Co., Ltd, Dispomedical UK LTD., Drägerwerk AG & Co. KGaA, FOSHAN MEDCO MEDICAL EQUIPMENT CO., LTD, ERTUNÇ ÖZCAN Tüm Hakki Saklidir, Giant Medical Products, Heal Force, International Biomedical, Okuman Medikal Sistemler A.S, and others.

Recent Developmental Activities in the Neonatal Incubator Market:

• In February 2022, during the Russian-Ukraine War, mOm Incubators, an organization in the United Kingdom (UK), continues to provide incubators for premature birth in Ukraine and kept neonates safe.
• In February 2022, UMBC’s Govind Rao, a professor of chemical, biochemical, and environmental engineering, developed a low-cost UMBC infant incubator to improve the care of babies born prematurely.

Key Takeaways from the Neonatal Incubator Market Report Study

• Market size analysis for current neonatal incubator market size (2023), and market forecast for 6 years (2024-2030)
• The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the neonatal incubator market.
• Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the global neonatal incubator market.
• Various opportunities available for the other competitor in the Neonatal Incubator market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030.
• Which is the top-performing regions and countries in the current neonatal incubator market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for neonatal incubator market growth in the coming future?

Target Audience who can be benefited from this Neonatal Incubator Market Report Study

• Neonatal incubator products providers
• Research organizations and consulting companies
• Neonatal incubator-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in a neonatal incubator
• Various end users who want to know more about the neonatal incubator market and the latest technological developments in the neonatal incubator market.

Frequently Asked Questions for the Neonatal Incubator Market:

1. What is a neonatal incubator?

An infant incubator or neonatal incubator is a device that has a rigid box-like enclosure in which a preterm infant is kept. It provides a safe and controlled environment for neonatal to live while their vital organs develop by providing ideal temperature as well as the perfect amount of oxygen, humidity, and light.

2. What is the global market for a neonatal incubator?

The global neonatal incubator market is estimated to grow at a CAGR of 6.7% during the forecast period from 2024 to 2030.

3. What are the drivers for the global neonatal incubator market?

The neonatal incubator market is witnessing positive market growth owing to the factors such as the rising prevalence of premature birth and jaundice, the increasing cases of low birth weight, hypothermia, and genetic disorder, the increasing product launches and approvals, and the presence of key players in the market.

4. Who are the key players operating in the global neonatal incubator market?

Some of the key market players operating in the neonatal incubator market include Fanem, Suzhou Being Medical Devices Co., Ltd, Atom Medical Corp, nice Neotech Medical Systems Pvt. Ltd., Narang Medical Limited, Advin Health Care, Advanced Instrumentations., Bistos Co., Ltd., BNG Medical Instruments Co., Ltd, Dispomedical UK LTD., Drägerwerk AG & Co. KGaA, FOSHAN MEDCO MEDICAL EQUIPMENT CO., LTD, ERTUNÇ ÖZCAN Tüm Hakki Saklidir, Giant Medical Products, Heal Force, International Biomedical, Okuman Medikal Sistemler A.S, and others.

5. Which region has the highest share in the neonatal incubator market?

Among all the regions, North America is estimated to amass a significant revenue share in the global neonatal incubator market. This can be ascribed to the rising burden of jaundice in neonates, the increasing prevalence of low birth weight, the increasing number of preterm babies and diseases in newborn babies, the presence of advanced healthcare facilities in the region, and others which are expected to witness a positive growth in neonatal incubator market.


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