PORTLAND, Ore., Feb. 21, 2022 /PRNewswire/ — Allied Market
Research published a report, titled, “Infant
Incubator Market by Product (Hybrid Incubator, Normal
Incubator, and Transport Incubator), Application (Neonatal
Hypothermia & Low Birth Weight, Jaundice, and Others), and End
User (Hospitals, Maternity Hospitals, and Neonatal & Pediatric
Hospitals): Global Opportunity Analysis and Industry Forecast,
2021–2030″. According to the report, the global infant
incubator industry generated $131.7
Million in 2020, and is anticipated to generate $249.05 Million by 2030, witnessing a CAGR of
6.5% from 2021 to 2030.

Prime determinants of growth

Increase in birth rate of premature infants, rise in
installations of NICU units, and surge in awareness regarding
neonatal care drive the growth of the global infant incubator
market. However, high cost of infant incubators and poor
accessibility toward neonatal care in developing regions hinder the
market growth. On the other hand, technological advancements in
neonatal care devices present new opportunities in the coming
years.

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Covid-19 Scenario

• The outbreak of the COVID-19 pandemic has had a negative impact
  on the growth of the global infant incubator market, as hospitals
  around the world were completely focused on the COVID-19
  situation. 
• However, the market is anticipated to witness recovery and show
  stable growth soon.

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Market-
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The Neonatal Hypothermia and Low Birth
Weight segment to maintain its leadership
status

Based on application, the Neonatal Hypothermia and Low Birth
Weight segment held the highest market share in 2020, accounting
for nearly two-thirds of the global infant incubator market,
and is estimated to maintain its leadership status throughout the
forecast period. Moreover, the same segment is projected to
manifest the highest CAGR of 7.1% from 2021 to 2030, owing to
increase in prevalence of neonatal hypothermia, as preterm and low
birth weight neonates specifically are more susceptible to
hypothermia.

The Neonatal and Pediatric Hospitals segment to maintain its
lead position during the forecast period

Based on end user, the Neonatal and Pediatric Hospitals segment
accounted for the largest share in 2020, contributing to more than
half of the global infant incubator market, and is projected to
maintain its lead position during the forecast period. This is
owing 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.
However, the hospitals segment is expected to portray the largest
CAGR of 8.6% from 2021 to 2030, owing to increase in adoption of
infant incubator in hospital.

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North America to maintain
its dominance by 2030

Based on region, North America
held the highest market share in terms of revenue 2020, accounting
for nearly half of the global infant incubator market, owing to
presence of well-established NICUs and neonatal care in the region.
Moreover, the Asia-Pacific region
is expected to witness the fastest CAGR of 8.34% during the
forecast period, owing to rise in inclination toward adoption of
advanced infant incubators for monitoring and diagnosis of
neonates.

Leading Market Players

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

Official Press Release:
https://www.alliedmarketresearch.com/press-release/infant-incubator-market.html

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