Incubator Device Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3809
Incubator Device Market size is projected to experience significant growth from 2019 to 2025.
Incubator devices are used to maintain humidity, temperature as well as content of gases such as carbon-di-oxide and oxygen inside them. Majority of experimental work in biotechnology, microbiology and molecular biology is done with the help of incubator devices. There are several sizes available for incubator devices ranging from tabletop models to warm rooms. Incubator devices are also used to maintain the neonatal, cell culture and micro-organism culture. Clean and infection free environment with protection from dust is available inside an incubator.
The increasing number of premature births and underweight babies will drive the incubator device market over the forecast period. Also, rising requirements of jaundice management, ventilation and heat therapy for premature babies are driving the global incubator device market.
With technological advancements, the demand for incubator devices will rise. Innovations in the hatching centers for better and more efficient hatching of poultry will boost the growth of this market. Incubators are also used in microbiology laboratories for various experimentations related to media cultures such as cell culture, bacteria culture etc. Such factors will boost the incubator device market in the forthcoming years.
Moreover, technological developments pertaining to advancement in the incubator devices are major factors that will drive market growth. However, stringent government regulations, product recalls, high costs related to the incubator device could restrict industry growth.
The Neonatal incubator segment is expected to contribute for the largest share in the global incubator device market throughout the forecast period owing to high natality rate, rising healthcare expenditure on newborn babies and advancement in healthcare technologies. The key factor contributing to sector growth is the improving healthcare infrastructure throughout the globe.
The U.S. held the largest share in the global incubator device market in 2018 due to the availability of highly developed healthcare infrastructure, skilled professionals, advanced technology as well as the presence of major market players in the region. Furthermore, the high healthcare expenditure will fuel market growth.
Japan is expected to show significant growth in the incubator device market over the forecast period due to advancements in technology, growing disposable incomes and rising developments in the healthcare infrastructure. The above-mentioned factors will boost the demand for incubator devices.
Some of the key industry players include GE Healthcare, Hettich Lab Technology, Panasonic Healthcare Co. Ltd., Natus Medical Incorporated, Thermo Fisher Scientific, Phoenix Medical Systems (P) Ltd., VWR Lab Products Pvt. Ltd., Atom Medical Corporation, Drägerwerk AG & Co. KGaA and Memmert GmbH Co.KG. Major strategic initiatives adopted by industry players include partnerships, mergers and innovative product launches to expand their business product portfolio.
Incubator Device Market by Type, 2014-2025 (USD Million)
- Neonatal Incubator
- One Box Type
- Close Type
- Double Walled
- Microbiological Incubator
- Hatching Incubators
- Other Incubators
Incubator Device Market by Technology, 2014-2025 (USD Million)
- Access Panel
- Oxygen Inlet
Incubator Device Market by End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- GE Healthcare
- Hettich Lab Technology
- Panasonic Healthcare Co. Ltd.
- Natus Medical Incorporated
- Thermo Fisher Scientific
- Phoenix Medical Systems (P) Ltd.
- VWR Lab Products Pvt. Ltd.
- Atom Medical Corporation
- Drägerwerk AG & Co. KGaA
- Memmert GmbH Co.KG
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