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The global infant incubator market was valued at $268 million in 2016, and is projected to reach $401 million by 2023, growing at a CAGR of 5.9% from 2017 to 2023.
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Infant Incubator MarketProjected to Reach $401 Million by 2023
Introduction • The global infant incubator market was valued at $268 million in 2016, and is projected to reach $401 million by 2023, growing at a CAGR of 5.9% from 2017 to 2023. • The neonatal intensive care unit (NICU) incubator segment accounted for nearly three-fifths share of the total market in 2016. • 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. • The prime factors that drive the growth of the infant incubators market is increase in incidence of preterm birth rates. • Funding by government and private organizations toward development of neonatal healthcare facilities in emerging economies is expected to provide lucrative growth opportunities for the infant incubators market.
The neonatal intensive care units end user segment is anticipated to grow with a CAGR of 6.0% during the forecast period. • The U.S. was the highest shareholder in the North America infant incubators market in 2016 and poised to retain its lead from 2017-2023. • The lower birth weight application registered fastest growth with a CAGR of 6.4% during 2017-2023. India is expected to grow at the remarkable rate of 6.5% during the forecast period. • The birthing centers end user segment held remarkable position with one-sixth share in 2016, registering a CAGR of 5.4% from 2017-2023. Key Findings of theMarket
The study provides an in-depth analysis of the global infant incubator market and the current trends and future estimations to elucidate the imminent investment pockets. • Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report. • The report presents quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities. • Extensive analysis of the market based on product assists to understand the trends in the industry. • Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry. Key Benefits Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/2727
MarketSegmentation • By Product • Transport Infant Incubator • Neonatal Intensive Care Unit (NICU) Incubator • By Application • Neonatal Hypothermia • Lower Birth Weight • Genetic Defects • Others • By End User • Pediatric Hospitals • Birthing Centers • Neonatal Intensive Care Units • Others • By Region • North America • Europe • Asia-Pacific • LAMEA
General Electric Company, • Atom Medical Corporation, • NatusMedical Incorporated, • BistosCo., Ltd., • MedicorElektronikaZrt., • FanemLtd, • Others Key Players of theMarket For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/2727
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