To overcome the problem infant radiant warmer has been used in hospitals which helps to prevent excessive heat loss of the baby by maintaining a proper temperature.
The device is designed to keep a baby warm as an incubator, a radiant warmer and during the transition between close and open care. Its connected heater, dual radiant warmer and heated mattress are all synchronized to maintain a stable temperature at all times, regardless of which setting needs to be used.
Rise in number of child birth across the globe with health issues and increasing awareness among consumer related to availability of technically advanced medical devices are major factors expected to drive the growth of global baby warming devices market. Noticeable increase in pregnancy problems and consumer approach towards adoption of devices that provide healthy environment to babies is gaining traction. While 80% of women have healthy pregnancies and deliveries, rates of complications are rising. Between 2014-2018 the rates of pregnancy complications rose more than 16%, while rates for childbirth complications rose more than 14%. In 2019, preterm birth affected 1 of every 10 infants born in the United States. Increasing awareness activities by the government and introduction of webinars and programs in order to help patient this is expected to impact the growth of baby warming devices market. In 2017, CDC awarded the National Institute for Children’s Health Quality to serve as the coordinating center for the National Network of Perinatal Quality Collaborativesexternal icon (NNPQC), which supports state-based PQCs in making measureable improvements in statewide health care and health outcomes for mothers and babies.
Rapid technological advancements by major players focus towards introduction of innovative solutions in order to enhance the customer base are factors expected to segment the growth of baby warming devices market.
In 2020, STPI a science and technology organization launched incubator to promote research and startups in the fields of medical electronics and health informatics. It will also facilitate R&D in medical and health domains, while facilitating an entrepreneurial ecosystem to promote innovation in affordable, high-quality indigenous medical products, drive employment and contribute to the economy.
In 2016, Zhengzhou Dison Instrument And Meter Co., Ltd, a global medical device company launched infant incubator with double-side phototherapy in China. This product launch is expected to help the company to enhance the business in China market.
Favorable business policies by the government of developing countries and major players approach towards emerging economies in order to enhance the customer base are factors expected to support the growth of target market. Factors such as high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of global baby warming devices market. In addition, lack of developed infrastructure for the adoption of advanced devices is expected to challenge the growth of target market. However, high spending by the government on development of healthcare infrastructure and increasing investment for product development activities by major players are factors expected to create new opportunities for players operating in the baby warming devices market over the forecast period. In addition, increasing merger & acquisition activities in order to enhance the business is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global baby warming devices market due to high patient pool suffering from pregnancy problems. In addition, presence of large number of players operating in the country and introduction of innovative solutions is expected to support the regional market growth.
The global baby warming devices market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Baby Warming Devices Market Segment Analysis, 2019
The global baby warming devices market is segmented into product and end use. The product segment is divided into phototherapy units, radiant warmers, and incubators. Among product the incubators segment is expected to account for noticeable revenue share in the global baby warming devices market. The end segment is divided into hospitals, pediatric centers, and labor & delivery centers. The players profiled in the report are VI Healthcare, Datex Ohmeda Ltd., GE Healthcare, Drägerwerk AG, Ibis Medical Equipment & Systems Pvt. Ltd., Fisher & Paykel Healthcare Limited, International Biomedical, Natus Medical Incorporated, Smiths Medical, Koninklijke Philips N.V., and Phoenix Medical Systems Pvt. Ltd.
Market By Product
Market By End Use
Labor & Delivery Centers
Rise in number of child birth across the globe with health issues and increasing awareness among consumer related to availability of technically advanced medical devices are major factors expected to drive the growth of global baby warming devices market.
In product the incubators segment is growing at faster pace.
In the global market the Asia Pacific region is expected to grow faster.
Some of the players considered in the report scope are GE Healthcare, Drägerwerk AG, Ibis Medical Equipment & Systems Pvt. Ltd., Fisher & Paykel Healthcare Limited, and International Biomedical.
The North America is expected to account for major revenue share in the global market.
In end use the hospitals segment is growing at faster pace.
Factors such as high cost of devices and stringent government regulations related to product approval are expected to hamper the growth of global baby warming devices market.