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The global infant incubators market size was valued at USD 774.5 million in 2024. The market is projected to grow from USD 815.8 million in 2025 to USD 1,216.7 million by 2032, exhibiting a CAGR of 5.9% during the forecast period.
Infant incubators, also known as neonatal incubators, provide a safe environment for infants to grow and prevent neonatal hypothermia. They are used to regulate infants' body temperature, humidity, and oxygen levels. Some incubators can also manage the vital signs of the neonates, such as heart rate. The increasing burden of preterm births has been fueling the demand for neonatal incubators globally.
Drägerwerk AG & Co., GE Healthcare, and Koninklijke Philips N.V. are among the major players in the market that have been focusing on partnerships to enhance their product offerings.
Increasing Number of Preterm Births Globally has been Fueling the Demand for Infant Incubators
Growing cases of multiple pregnancies and chronic diseases, along with the adoption of a sedentary lifestyle are contributing to an increase in preterm births. For instance, as per the data published by the World Health Organization (WHO) in May 2023, preterm births can occur due to chronic conditions such as diabetes, high blood pressure, multiple pregnancies, and infections.
As a result, the annual number of preterm births has been growing significantly across the globe.
The increasing number of preterm births has been fueling the demand for neonatal incubators in healthcare facilities and nursing centers, thereby fueling market growth.
Increasing Government Initiatives to Support Neonatal Care have been Fueling the Adoption of Infant Incubators in Healthcare Facilities
The increasing number of preterm births, along with the increasing awareness regarding neonatal care, has been fueling the demand for efficient neonatal care facilities. In order to fulfill this need, government organizations in many countries have been prioritizing initiatives to support neonatal care.
These government initiatives have driven the adoption of advanced technologies in the healthcare infrastructure for better neonatal care, fueling market growth.
High Cost of Incubators and Lack of Affordability in the Low-income Countries has been Restricting Market Growth
The increasing number of preterm births and high mortality rate among preterm birth babies have been fueling the demand for neonatal incubators. However, factors such as the risk of infant falls and delayed motor development, among others, are certain limitations associated with the use of these incubators.
Moreover, the costs of these incubators are quite high. For instance, the cost of these incubators in the U.S. can range between USD 1,500.0 to USD 35,000.0. Similarly, in India, these incubators can be between USD 605.0 to USD 1,816.0.
These high costs make neonatal incubators unaffordable for small healthcare facilities in developed countries and emerging countries, such as India and Africa. Therefore, the limitations associated with incubators and their high cost have been limiting their adoption, thereby restricting market growth.
Growing Adoption of Hybrid Incubators With Both Mechanical and Electronic Features to Improve Neonatal Care Facilities
Hybrid incubators combine features such as ventilation, resuscitation, and thermal regulations. The increased adoption of these hybrid incubators will improve neonatal care facilities in the forecast period.
Increasing Focus on Neonatal Health Across Emerging Economies to Fuel Incubators Adoption
The increasing focus of government and regulatory bodies on improving neonatal healthcare facilities with advanced equipment is expected to offer lucrative opportunities for market growth.
Limited Penetration of Advanced Equipment in the Emerging Countries is a Challenging Factor for Market
The development and adoption of advanced technology are increasing globally. However, countries such as Afghanistan, South Africa experience challenges in the adoption of advanced equipment due to poor infrastructure, lack of trained professionals, and economic constraints. Moreover, the high cost of these incubators, along with the stringent regulatory requirements limits their adoption in emerging countries.
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MARKET TRENDS
Increasing Advances in Medical Technology to Improve the Efficiency of Neonatal Incubators
Preterm babies, born before 37 weeks, are the most vulnerable group in the neonatal population and require special care to grow and develop outside the womb. Preterm babies are at an increased risk of complications if their temperature is not maintained properly. The increasing number of cases of preterm births has increased the demand for advanced technology to provide effective care for neonates.
Market players have been focusing on the development of advanced incubators to support thermoregulation and critical care for infants.
The increasing emphasis by market players on adopting advanced technologies, such as the integration of IoT-enabled incubators for remote monitoring and the introduction of incubators with better temperature and humidity control, has been fueling the infant incubators market growth.
Increased Focus on Neonatal Health
Growing awareness regarding neonatal health, especially in emerging countries, has been fueling the number of neonatal intensive care units (NICUs) and specialized care facilities.
During the COVID-19 outbreak in 2020, the market experienced a growth in its value. The growth was attributed to the increased number of births along with the increased demand for critical care for preterm births and neonates born to severely ill mothers. These incubators helped improve the survival rates of premature infants.
The market grew substantially in 2021 and 2022 due to the increased focus of pediatric hospitals and specialty clinics on improving healthcare infrastructure to restart full-fledged operations at their facilities.
Increasing Number of Preterm Birth Worldwide is Responsible for the Conventional Segment’s Growth
On the basis of product, the global market is segmented into hybrid, conventional, and transport.
The conventional segment accounted for the largest infant incubators market share in 2024. The segment’s dominance is attributed to the increasing number of preterm births worldwide and the availability of these products at comparatively cheaper costs than other incubators.
The hybrid segment is expected to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to features, such as resuscitation, offered by hybrid incubators.
The transport segment is expected to grow substantially during the forecast period. The segment’s growth during the forecast period is attributed to the increasing demand for transport incubators for emergency cases.
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Availability of Open Incubators by Key Players is Responsible for the Segment’s Dominance
Based on type, the market is segmented into open and closed.
The open segment dominated the global market in 2024. The segment’s dominance is attributed to the presence of key players such as Drägerwerk AG & Co. KGaA offering open incubators in the global market. The increasing focus of these players in increasing the availability of their products globally has been fueling the segment’s growth.
The closed incubators are expected to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to the various advantages associated with these incubators. For example, these incubators offer a stable and sterile environment to the neonates, helping to maintain temperature variation and protect them from infections in the outside environment.
Increasing Number of Hospitals with Advanced Facilities Worldwide is Responsible for Hospitals Segment’s Dominance
Based on end-user, the market is segmented into hospitals, specialty clinics, and others.
The hospital segment dominated the market in 2024 attributed to the increasing of hospitals with advanced infrastructure providing specialized neonatal care.
The specialty segment is attributed to grow at the fastest CAGR during the forecast period. The segment’s growth is attributed to the increasing emphasis of the gynecology and nursing care centers on the adoption of advanced equipment for neonatal care.
Based on geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Infant Incubators Market Size 2024 (USD million)
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North America dominated the market in 2024, accounting for USD 285.8 million of the global market. The strong growth of the market in North America is attributed to the strong presence of market players such as Drägerwerk AG & Co. KGaA and GE HealthCare, along with the increasing demand for advanced neonatal care solutions in healthcare facilities.
The U.S. market accounted for a significant portion of the market share in the North America market in 2024. The segment’s growth is attributed to the growing burden of preterm births, along with the increasing investment in the improvement of the healthcare infrastructure.
The market in Europe also accounted for a significant portion of the market share in 2024. The market growth in the region is attributed to the increasing focus of the market players' partnerships to increase the accessibility of incubators in the region.
The Asia Pacific market is expected to grow at a significant CAGR during the forecast period. The growth of the market in the region is attributed to the growing burden of preterm births and improving healthcare infrastructure.
The market in Latin America and the Middle East & Africa are expected to grow substantially during the forecast period. The market’s growth in these region is attributed to the growing burden of preterm births and rising awareness about neonatal care.
Market Players Focus on Partnerships and Acquisitions to Enhance their Product Offerings
Market players such as Drägerwerk AG & Co., GE Healthcare, and Koninklijke Philips N.V. are among the major players, accounting for a significant portion of the global infant incubators market share. The significant presence of these companies in the market is attributed to their focus on partnerships to enhance their product offerings.
Moreover, other players, such as Atom Medical Corp. and Bistos Co., Ltd., among others, have been focusing on new product development to enhance their product offerings in the market.
The global infant incubators market report provides a detailed competitive landscape and market insights. It also includes key insights, such as top industry developments covering partnerships, mergers, and acquisitions. Additionally, it focuses on key points, such as new solution launches in the market. Furthermore, the report covers regional analysis of different market segments, profiles of key market players, market trends, and the impact of COVID-19 on the market. The report consists of quantitative and qualitative insights that have contributed to the market's growth.
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Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 5.9% from 2025-2032 |
Unit | Value (USD million) |
Segmentation | By Product, Type, End-user, and Region |
By Product |
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By Type |
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By End-user |
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By Region |
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Fortune Business Insights says that the global market stood at USD 774.5 million in 2024 and is projected to reach USD 1,216.7 million by 2032.
In 2024, the market value stood at USD 285.8 million.
The market is predicted to exhibit a CAGR of 5.9% during the forecast period.
By product, the conventional segment led the market.
The growing burden of preterm births, along with the increasing focus of the market players on new product launches are key factors fueling market growth.
Drägerwerk AG & Co., GE Healthcare, and Koninklijke Philips N.V. are the top players operating in the market.
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