The US Neonatal Incubators Market to Reach $121.11 Million by 2029 - Specialty Hospitals to Contribute Major Share in the Market - Exclusive Focus Insight Report by Arizton

CHICAGO, May 22, 2024 /PRNewswire/ -- According to Arizton's latest focus insight report, the US Neonatal incubators market is growing at a CAGR of 3.57% during 2023-2029.   

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The U.S. Neonatal Incubators Market Report Scope

Report Attributes	Details
Market Size (2029)	USD 121.11 million
Market Size (2023)	USD 98.15 million
CAGR (2023-2029)	3.57 %
Historic Year	2020-2022
Base Year	2023
Forecast Year	2024-2029

The infant incubator market is highly fragmented, with many producers in the US. To meet the surging consumer demand and expand their customer base, these companies are implementing various tactics such as mergers & acquisitions, partnerships & collaborations, and new product launches. Owing to the presence of well-established NICUs and neonatal care, the US market is likely to witness the highest growth. Furthermore, the presence of key players in manufacturing infant incubators, the higher buying power, and a surge in healthcare expenditure influence the market growth. 

Neonatal Incubators Market Transformed by Telemedicine and Remote Monitoring in NICUs

In the quest for advanced patient care and better outcomes, neonatal intensive care units (NICUs) are progressively incorporating telemedicine and remote monitoring technologies. This integration represents a significant leap forward in providing care for critically ill newborns. Traditionally, healthcare providers needed to be physically present at the infant's bedside to monitor their condition closely and intervene promptly if necessary. However, this is changing with the advent of telemedicine and remote monitoring technologies.