Infant Radiant Warmer Market is expected to reach US$ 2,420.44 million by 2027


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Uploaded on Jul 26, 2021

The infant radiant warmer market was valued at US$ 1,632.70 million in 2019 and is projected to reach US$ 2,420.44 million by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027.

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Infant Radiant Warmer Market is expected to reach US$ 2,420.44 million by 2027

Infant Radiant Warmer Market The infant radiant warmer market was valued at US$ 1,632.70 million in 2019 and is projected to reach US$ 2,420.44 million by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027. Current and future Market Scenario  According to our latest study on “Infant Radiant Warmer Market Forecast to 2027– COVID-19 Impact and Global Analysis– by product type and end user, ”the market was valued at US$ 1,632.70 million in 2019 and is projected to reach US$ 2,420.44 millionby2027; it is expected to grow at a CAGR of 5.1% during 2020–2027. The report highlights trends prevailing in the global infant radiant warmer market, and the drivers and hindrances pertaining to the market growth.  Moreover, the volume of infant radiant warmer market was 147,845 units in 2019 and is projected to reach 200,141 units by 2027; it is expected to grow at a CAGR of 3.9% during 2020–2027. The volume of the infant warmer is increasing due to the growing rate of preterm births and the rising incidence of maternal infection. The adaptations by the hospitals and requirements are anticipated to grow the demand of the infant radiant warmers in the forecasted period.  The global infant radiant warmer market, based on product type, is segmented into standard infant radiant warmer, mobile infant radiant warmer, and others. The standard infant radiant warmer segment held the largest share of the market in 2019, however, the mobile infant radiant warmer segment is estimated to register the highest CAGR during the forecast period; this projected growth is ascribed to the increasing incidence of preterm births, escalating number of product launches, and growing adoption of mobile infant radiant warmer in low-cost settings. Current and future Market Scenario  The growth of the infant radiant warmer market is attributed to factors such as increasing rate of preterm births and rising incidence of maternal infections. However, the disadvantages of infant radiant warmer such as chances of overheating, maintenance of the equipment and frequent sterilization restrain the growth of the market. Natus Medical Incorporated; General Electric Company; Fisher & Paykel Healthcare Limited; nice Neotech Medical Systems Pvt. Ltd; Phoenix Medical Systems (P) Ltd; Fane; Drägerwerk AG & Co. KGaA; Beijing Julongsanyou Technology Co., Ltd; Atom Medical Corp; and Fyrom International are among the leading companies operating in the global infant radiant warmer market.  Download PDF Brochure @ https://www.theinsightpartners.com/sample/TIPRE00011727/ Key Findings Market Insights Increasing Rate of Preterm Births  Preterm babies are born before the completion of the pregnancy period of 37 weeks. Preterm birth is a critical condition for the growth of babies. To reduce mortality and morbidity, it is, therefore, important to keep a newborn warm. Across the world, ~90–95% of babies have lesser chances of survival when they are prematurely born. The increasing number of preterm births across the world has significantly driven the growth of the market for infant radiant warmers. For instance, according to the World Health Organization (WHO) data published in February 2018, nearly 15 million babies are born prematurely every year. The number is expected to grow every year. The data also stated that ~184 countries have a 5–8% preterm birth rate, and nearly 1 million babies die per year due to preterm birth complications.  Several factors such as multiple pregnancies, infection diseases, and chronic conditions lead to preterm birth. The lifestyle of women is also among the leading factors of preterm birth. The developing regions such as Asia Pacific and Africa have recorded the highest numbers of preterm births, i.e., nearly 60%, and it has become a global problem in the last few years. Thus, to reduce the number of preterm births, the healthcare facility centers such as hospitals, nursing homes, maternity clinics across the world have widely installed radiant infant warmers. Key Findings End User-Based Insights  Based on end user, the infant radiant warmer market is segmented into hospitals, gynecology clinics, baby care centers, and others. The hospitals segment held the largest share of the market in 2019; however, the market for gynecology clinics is anticipated to grow at the highest CAGR during the forecast period. The growth of the market for this segment is attributed to the increasing number of preterm birth cases and rising awareness regarding high-risk pregnancies, especially in low- income countries. Further, with the rising demand for healthcare, the infant radiant warmer market for the hospital segment is also expected to grow significantly in the coming years. Product Type-Based Insights  Based on product type, the infant radiant warmermarket is segmented into standard infant radiant warmer, mobile infant radiant warmer, and others. Standard infant radiant warmersheld the largest share of the market in 2019.The increasing use of this type of radiant warmers in small hospitals and low-cost settings, especially in emerging countries, is driving the growth of the market for this segment.Moreover, the availability of a wide range of standard infant warmers is also contributing the growth of this market. For instance, GE Healthcare offers The Giraffe Warmer that is designed to meet the needs of the NICUs, and it helps provide life-sustaining environment. The company has received the Medical Device Excellence Award (MDEA) for its Giraffe Warmer. Key Findings Strategic Insights  Product launches, mergers and acquisitions, collaborations, and expansions are the commonly adopted strategies by various companies to expand their footprint worldwide and meet the soaring demand by expanding their respective product portfolios. The players operating in the infant radiant warmer market have been adopting the strategy of product innovations to cater to changing customer demand worldwide, which also permits them to maintain their brand name globally.  Download PDF Brochure @ https://www.theinsightpartners.com/sample/TIPRE00011727/ Key Findings Market Segments By Product Type By End User Covid-19 Impact • Standard Infant Radiant Warmer • Hospitals and Global Analysis By • Mobile Infant Radiant Warmer • Gynecology Clinics • Others • Baby Care Centers • Others By Geography North America Asia Pacific South America • US • China • Brazil • Canada • India • Argentina • Mexico • South Korea • Rest of South America • Japan Europe • Australia • Rest of Asia Pacific • France • Germany Middle East & Africa • Italy • UK • South Africa • Spain • Saudi Arabia • Rest of Europe • UAE • Rest of Middle East and Africa Leading Players Company Profiles • Natus Medical Incorporated • General Electric Company • Fisher & Paykel Healthcare Limited • nice Neotech Medical Systems Pvt. Ltd • Phoenix Medical Systems (P) Ltd • Fane • Drägerwerk AG & Co. KGaA • Beijing Julongsanyou Technology Co., Ltd • Atom Medical Corp • Fyrom International REASONS TO BUY • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Infant Radiant Warmer market. • Highlights key business priorities in order to assist companies to realign their business strategies. • The key findings and recommendations highlight crucial progressive industry trends in the global Infant Radiant Warmer market, thereby allowing players across the value chain to develop effective long-term strategies. • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it. • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution. Infant Radiant Warmer Market Access Full Research Report at: https://www.theinsightpartners.com/reports/infant-radiant-warmer-market / Thank You! Thank You!