Infant Radiant Warmer Market is expected to reach US$ 2,420.44 million With CAGR of 5.1% during 2020–2027

According to our latest study on “Infant Radiant Warmer Market Forecast to 2027– COVID-19 Impact and Global Analysis– by product typeand end user,”the market was valued at US$ 1,632.70 million in 2019 and is projectedto 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 warmermarket,and the drivers and hindrances pertaining to the market growth.

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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 warmersegment 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 tothe increasing incidence of preterm births, escalating number of product launches, and growing adoption of mobile infant radiant warmer in low-cost settings.

The growth of the infant radiant warmermarket is attributed to factors such asincreasing rate of preterm births and rising incidence of maternal infections. However, the disadvantages of infant radiant warmersuch 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 warmermarket.

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.

The report segments global infant radiant warmer market as follows:

By Product Type

• Standard Infant Radiant Warmer
• Mobile Infant Radiant Warmer
• Others

By End User

• Hospitals
• Gynecology Clinics
• Baby Care Centers
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM

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