Neonatal Incubators Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type of Incubator (Transport Neonatal Incubator, Neonatal ICU Incubators), By End-user (Hospitals, Birthing Centers, Others), and Region  

Neonatal Incubators Market size was valued at US$ 695.2 million in 2023 and is poised to grow at a CAGR of 8.7% from 2024-2030. Neonatal incubators market are biomedical devices that provide warmth, humidity, and oxygen, all in a controlled environment as required by infants or neonates. In 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 matter, which is covered by a 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 preterm infants because their normal metabolic rate is lower than the results in low heat production. The global neonatal incubators market is expected to grow at significant rates owing to growing rates of preterm births.

According to the 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 prices and features. Market players are offering attractive pricing and new technology features to compel market growth. Furthermore, companies collaborating with the group purchase organizations and healthcare providers to increase their market share. 

Neonatal Incubators Market Key Developments:

• In March 2013, GE Healthcare got a 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 ICUs.