The latest research study “Baby Warming Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global baby warming devices market size reached US$ 1.86 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.52 Billion by 2028, exhibiting a growth rate (CAGR) of 5.10% during 2023-2028.
Baby warming devices refer to equipment used to protect babies suffering from severe heat loss in closed or open environment by providing basic to critical care while keeping them warm. They comprise a wrap-around cloth that is manufactured from substantial phase-change material and can gather large quantities of thermal dynamism or heat, as it offers and thaws a heating source. During the level alteration process, this material is usually liquefied in boiling water. In line with this, baby warming devices are beamed with infrared (IR) radiation via parabolic reflectors to provide heat. They are extensively utilized to treat premature babies and those suffering from debilitating conditions who require artificial heat to ensure proper bodily functions as well as survival. They also monitor vital parameters and supply oxygen.
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Baby Warming Devices Market Trends and Drivers:
The growing incidences of complications related to pregnancy leading to neonatal and fetal mortality rates are primarily augmenting the baby warming devices market. Furthermore, the rising investments by key market players in facilitating product development are positively influencing the global market. Apart from this, the escalating demand for portable baby warming devices for improved convenience is acting as another significant growth-inducing factor. Moreover, the increasing consumer consciousness towards baby warming procedures is also bolstering the market growth. Besides this, numerous product innovations and the expanding entrepreneurial ecosystem focusing on affordable, high-quality, and indigenous medical items are further catalyzing the global market. Additionally, the inflating urbanization levels and extensive R&D activities in medical and healthcare domains are expected to fuel the baby warming devices market over the forecasted period.
Baby Warming Devices Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ALFAMEDIC s.r.o., AVI Healthcare Pvt Ltd, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, General Electric Company, Ibis Medical Equipment & Systems Pvt Ltd, International Biomedical Ltd., Kay & Company, Koninklijke Philips N.V., MTTS Co. Ltd., Natus Medical Incorporated, Phoenix Medical Systems Pvt Ltd, etc.
The report has segmented the market on the basis of
Product Insights:
- Phototherapy Units
- Radiant Warmers
- Incubators
The report has provided a detailed breakup and analysis of the baby warming devices market based on the product. This includes phototherapy units, radiant warmers, and incubators. According to the report, phototherapy units represented the largest segment.
Type Insights:
- Portable
- Stand-alone
- Convertible
The report has provided a detailed breakup and analysis of the baby warming devices market based on the type. This includes portable, stand-alone, and convertible.
Sales Channel Insights:
- Online
- Offline
The report has provided a detailed breakup and analysis of the baby warming devices market based on the sales channel. This includes online and offline.
End User Insights:
- Hospitals
- Pediatric Centers
- Labor and Delivery Centers
A detailed breakup and analysis of the baby warming devices market based on the end user has also been provided in the report. This includes hospitals, pediatric centers, and labor and delivery centers. According to the report, hospitals accounted for the largest market share.
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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