The global incubator analyzer market size is anticipated to be valued at USD 7.2 Billion in 2032 and exhibit growth at a relatively high CAGR of 5.9% in the forecast period from 2022 to 2032. It is likely to reach USD 4.6 Billion in 2022.
The increasing prevalence of premature babies and the rising research and development in the healthcare sector are anticipated to drive the sales of incubator analyzers in future.
| Report Attribute | Details |
|---|---|
| Incubator Analyzer Market Estimated Base Year Value (2021) | USD 3.1 Billion |
| Incubator Analyzer Market Expected Market Value (2022) | USD 4.6 Billion |
| Incubator Analyzer Market Anticipated Forecast Value (2032) | USD 7.2 Billion |
| Incubator Analyzer Market Projected Growth Rate (2022 to 2032) | 5.9% CAGR |
Incubator analyzers are specially designed to perform and evaluate anticipatory maintenance on radiant warmers and incubators. These are capable of simultaneously measuring a wide range of autonomous temperatures, relative humidity, sound, and airflow.
These are often utilized with forced, as well as closed- convection incubators and open infant warmers, including baby-controlled, transportable, and air-controlled units. These help in protecting a baby’s safety by enabling regular preventive maintenance.
The expansion of the microbiology sector is projected to spur the need for incubator analyzers globally. These are used to preserve animal and plant cells, as well as initiate the incubation of microbes.
The low weight of babies and complications in pregnancies are anticipated to bolster the demand for incubator analyzers in the forthcoming years. As per the World Health Organization (WHO), nearly 15 million babies are born before the completion of 37 weeks of gestation every year. Preterm birth complications were responsible for around 1 million deaths in 2015 and these are considered to be the leading cause of death among children belonging to the age group of 5 years and below. These numbers are anticipated to surge in the upcoming years, thereby boosting the market.
In addition to that, the rising number of neonatal intensive care units, birthing centers, and pediatric hospitals in both developed and emerging economies globally is set to fuel the growth in this market. The increasing focus of government bodies on the reduction of morbidity and mortality rates of infants is another vital factor that is projected to accelerate the market.
The high cost of infant incubators and analyzers can often restrict their usage in developing countries as not many companies have sufficient funds to adopt them. The lack of awareness and poor accessibility of neonatal care in these countries is another factor that may obstruct the global incubator analyzer market growth in future. The absence of stringent guidelines associated with the function and design of platelet incubators can also hamper the market.
North America is estimated to remain at the forefront by accounting for the largest incubator analyzer market share in the assessment period. This growth is attributable to the easy availability of technologically advanced products in the U.S. and Canada.
The presence of numerous renowned manufacturers and a well-established healthcare infrastructure in these countries is likely to augur well for the market. According to the Centers for Disease Control and Prevention (CDC), preterm birth affected nearly 1 in 10 infants in 2020 in the U.S. alone. This number is set to increase in the future years, thereby propelling the North America market.
The increasing birth rates in emerging economies, such as India and China are estimated to accelerate the Asia Pacific incubator analyzer market growth in the evaluation period. The rising number of awareness programs conducted by government agencies to educate people regarding neonatal care is another crucial factor that is set to bolster the regional market.
The rising cases of neonatal hypothermia are anticipated to accelerate the market. The surging number of Newborn Intensive Care Unit (NICU) installations in pediatric and neonatal hospitals is another significant factor that is expected to bode well for the Asia Pacific.
Some of the renowned companies in the global incubator analyzer market include Biodex, Fluke, Atom Medical Corporation, CIRS, General Electric, Rave Innovations, Glen Med Solutions, ERS, GAMMEX, and BioMedEquip among others.
The market is moderately competitive and houses a handful of leading players. Majority of these players are focusing on holding a substantial market share by engaging in partnerships and collaborations with local firms. Meanwhile, a few other companies are striving to develop their new production facilities in untapped areas, as well as aiming to launch innovative products to cater to the high unmet demand worldwide.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Modularity, Equipment Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Easter Europe; APEJ; Japan; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Biodex; Fluke; Atom Medical Corporation; CIRS; General Electric; Rave Innovations; Glen Med Solutions; ERS; GAMMEX; BioMedEquip |
| Customization | Available Upon Request |
The global incubator analyzer market is set to exceed USD 7.2 Billion by 2032.
North America is expected to lead the incubator analyzer market.
Biodex, Fluke, Atom Medical Corporation, CIRS, General Electric, Rave Innovations, Glen Med Solutions, ERS, GAMMEX, and BioMedEquip are some of the renowned incubator analyzer manufacturers.
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Incubator Analyzer Market
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