Neonatal Incubators Market: By Type of incubator (Transport Neonatal Incubator, Neonatal ICU Incubators), By End-user (Hospitals, Birthing Centers, Others), and Geography  

Neonatal Incubators Market size was valued at USD 695.2 million in 2022 and is poised to grow at a CAGR of 8.7% from 2023-29. Neonatal incubators market are biomedical devices that provide warmth, humidity and oxygen, all in a controlled environment as required by infants or neonates. Addition to maintenance of the required environment monitoring the body temperature and vital signs are also monitored by advanced incubators. Incubators are generally made up of soft matters, which covered by plastic cover and usually in a trolley form. This equipment also protects infants from dust, pollution, noise and infections. Neonatal incubators are indicated primarily for the preterm infants because of their normal metabolic rate is lower than the results in low heat production. Global neonatal incubators market is expected to grow at significant rates owing to growing rates of preterm births. According to World Health Organization (WHO), every year 15 million babies are born preterm and this count is rising year by year. The market has many local international players competing with price and features. Market players are offering the attractive pricing and new technology features to compel the market growth. Furthermore, companies collaborating the group purchase organizations and healthcare providers to increase their market share. 

Neonatal Incubators Market Key Developments:

• In March 2013, GE Healthcare got deal with group purchasing organization Health Trust Purchasing Group, L.P. to provide its Giraffe and Panda incubator product lines to Health Trust's Neonatal ICU's.