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Infant Radiant Warmer Market 2023 Application And Specification, Product Category, Downstream Buyers And Forecast | Fisher & Paykel Healthcare Limited., General Electric Company, Neotech Medical Pvt. Ltd

February 28th, 2023 Coherent Market Insights Releases

Newborns and premature infants require special infant care equipment that allows for easy access during resuscitation or procedures without compromising the infant’s temperature. This apparatus is useful for providing heat, delivering oxygen, and checking on critical signs. Numerous types of infant monitoring equipment, including radiant warmers, incubators, pulse oximeters, and ventilators, are available.

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Neonatal warming equipment, also known as an infant radiant warmer, provides warmth to premature or critically ill infants who have experienced significant heat loss. Due to their low fat content and large body surface area, infants have a relatively low volume. Even though a healthy newborn baby only needs basic clothing and the warmth of its mother to supplement the heat produced by the body, artificial heat is required for premature babies and those with debilitating conditions to ensure proper bodily functions and the baby’s survival. Most systems designed to keep infants warm use some sort of open bed and a heat source. Using a parabolic reflector and a quartz heater, IR radiations are focused and directed to warm the room.

The market for infant radiant warmers is expected to expand steadily over the anticipated time frame (2016–2024). It is anticipated that the infant radiant warmer market will expand as the incidence of premature births rises. For instance, the World Health Organization (WHO) estimates that 15 million babies will be born prematurely around the world in 2015. There are nearly 1,000,000 infant deaths annually because of premature birth. Infant radiant warmers help maintain a clean, sterile environment for the baby, which is especially important given the rising rate of hospital-acquired infections. For example, in 2011, about one in every 25 people contracted at least one hospital-acquired infection, as reported by the Centers for Disease Control and Prevention (CDC).

The global market for infant radiant warmers is projected to expand on the back of the introduction of novel products. The Lullaby Warmer from GE Healthcare, for example, has a 69% faster warm up time, an easily understood and language-independent control panel with visually coded buttons, and audible and visual safety alarms in multiple languages. As more companies enter the infant radiant warmer industry, demand is expected to rise. The article also examines how an increase in government spending on baby radiant warmers could drive the market. For instance, the AAP has introduced a new level of infant nursing (level IV), which could spur expansion of the infant radiant warmer market. The market for infant radiant warmers is projected to grow as a result of an increase in the number of hospitals around the world. Around 20 million babies are born prematurely or with low birth weight each year, and 3 million of them die within the first four weeks of life, according to data from the World Health Organization. Therefore, it is strongly suggested that every hospital include at least one new born intensive care unit fully stocked with all necessary infant care equipment. However, the high prices of the warmers and the risk of overexposure to heat are likely to limit the expansion of the infant radiant warmer market.

Infant Radiant Warmer Market Taxonomy_MI

Geographical and product differentiation have created distinct submarkets within the infant radiant warmer market. Radiant warmers for infants can be broken down into three distinct markets depending on their intended use: portable radiant warmers, radiant warmers designed to be mounted on a wall, and radiant warmers designed specifically for use in cots.

The global market for infant radiant warmers can be broken down into four regions: North America, Asia-Pacific, Europe, and RoW (Rest of the World). The developed healthcare system, rising healthcare costs, and plentiful discretionary income in North America make up for the region’s relatively small population size to claim the largest share of the global market. It’s worth noting that North America is home to many of the world’s leading manufacturers of baby radiant warmers. The Asia-Pacific region, on the other hand, is expected to expand at a more rapid clip because of its improving healthcare infrastructure and increasing rate of premature births. The World Health Organization found that in 2010, out of 27 million births in India, more than 3.5 million were premature. Also, rising healthcare spending in emerging economies like China and India are expected to drive the infant radiant warmer market forward over the forecast horizon.

Fisher & Paykel Healthcare Limited., General Electric Company, Neotech Medical Pvt. Ltd., Phoenix Medical Systems (P) Ltd., Natus Medical Incorporated., Ardo, Fanem Ltda., and Draeger, Inc. are just a few of the major players in the infant radiant warmer market.

Key Developments_MI

Growth in the infant radiant warmer market is predicted to be aided by charity tournaments and other fundraising events that help hospitals buy necessary large pieces of equipment for their maternity wards. For instance, over US$260,000 was raised at the 29th Annual Golf Classic held by UMass Memorial HealthAlliance Hospital in August 2019; this money will be used to buy five radiant warmers, which are used to keep newborn infants’ bodies at a constant temperature.

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In addition, the proliferation of technological advancements and the introduction of new products by players in the market are anticipated to fuel the expansion of the market. Dräger’s Babyleo TN500 IncuWarmer beds debuted in the United States in October 2017. Both open and closed care, as well as transitions, is possible with the help of these temperature-regulating devices for the infant warmer/incubator.

The rising interest of governments around the world in enhancing the quality of neonatal care will likely boost the demand for infant care devices. This would include cardiac defibrillators,, multi-functional patient monitoring equipment,  infant radiant warmers and pulse oximetersm among others. In February 2019, the government of India issued draught orders to establish quality control rules for this type of diagnostic electrical medical equipment.

Reasons to Purchase This Report

• Current and future of Infant Radiant Warmer Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

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The Infant Radiant Warmer Market is displayed in 13 Chapters:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Infant Radiant Warmer Research Findings and Conclusion, Appendix, methodology and data source

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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