Infant Incubator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Infant Incubator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : March, 2023 | Medical Devices

Report Digest

Infant Incubator Market – Overview

The size of the infant incubator market has been estimated to grow at a significant speed in the forthcoming years. This rapid growth in the market is on the basis of the rising rate of premature infants birth around the world. Along with this, an increasing requirement to install NICU, as well as growing awareness among individuals related to neonatal care, have also been projected to serve as the vital factors to boost growth opportunities in the global market during the forecast period.

On the flip side, the comparatively high cost of these infant incubators is curtailing market growth. Furthermore, poor accessibility and lack of awareness about neonatal care in the emerging economies have also been estimated to restrict growth opportunities in the global market in the coming years. But, constant technological advancements in the devices for neonatal care are anticipated to create novel growth opportunities in the infant incubator market during the forecast period.

infant incubator market

Infant Incubator Market – Key Drivers

The sudden emergence of the COVID-19 cases around the world has somehow suppressed the growth of the population which has resulted in the decline in births rates. Women either have changed their plans to bear a child or have delayed or canceled their appointments for contraceptive care or reproductive health. So, the rapid decline in childbirth rates has put a significant impact on the growth prospects in the infant incubator market during the pandemic.

Babies who are under the age of 1 are at higher risk to get severe illnesses with the coronavirus compared to older children. This factor has also been projected to put a noticeable impact on the expansion opportunities in the infant incubator market in the coming years.

The isolette incubators do not come with the ability to provide the same environmental protection as the application of air filtration or negative pressure can do. So, people are unlikely to purchase these novel incubators for babies as these devices do not play any significant role in order to protect them from the coronavirus. So, based on these factors, the market is likely to experience certain changes in the growth impetuses.

Infant Incubator Market – Recent Developments and Key Players

The infant incubator market is characterized by the presence of a lot of players that are functioning at local and international levels. Along with this, the presence of these players is also making the market fragmented by nature. The global players are concentrating to adopt new growth strategies in order to achieve their objectives. Further, the rising penetration of global players and growing consumer awareness related to the available brands have also been generating novel growth opportunities in the market. Product portfolio expansion, launching of new products, increased R & D activities to enhance company portfolio, and mergers or tie-up are also incorporated by these industry players in developing and developed countries across the globe.

Some of the key players in the infant incubator market are:

  • Atom Medical Corporation
  • Meter Co. Ltd.
  • Bistos Co., Ltd.
  • Ningbo David Medical Device Co. Ltd.
  • Drägerwerk Ag
  • Phoenix Medical System Pvt. Ltd.
  • Fanem Ltd.
  • General Electric Company (GE Healthcare)
  • Medicor Elektronika Zrt.
  • Zhengzhou Dison Instrument
  • Médipréma Group

Infant Incubator Market – Regional Assessment

The infant incubator market has been divided into key four regions that includes Asia Pacific, Europe, North America, and LAMEA on the basis of regions. Out of these prominent global areas, Asia Pacific has been anticipated to register significant growth in the global market during the forecast period. This market growth is attributed to the rising spending on the healthcare facilities along with advancements in the neonatal care technology. Furthermore, the rising incidence of preterm birth and multiple birth rate has also been projected to contribute to the growth opportunities in the global market throughout the forecast period.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?