Global Baby Warming Devices Market 2016-2020
About Baby Warming Device
A baby warming device is designed to keep the baby warm and provide from basic to a critical care facility in a closed or open environment. There are over 20 million premature babies born every year globally due to low birth weight and other pregnancy-related conditions. The baby warming device needs a constant electric supply and few devices are portable enabling newborns to be kept warm during transport to other emergency care centers. The infant warmer consists of three different parts: a sleeping bag, an electric heater, and a pouch of phase change material. Also, these devices have consistently shown a faster advancement in technology that provides a low-resource setting in remote primary healthcare facilities.
Technavio’s analysts forecast the global baby warming devices market to grow at a CAGR of 8.74% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global baby warming devices market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of baby warming devices through hospitals, pediatric clinics, and labor and delivery centers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Baby Warming Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global baby warming devices market: Drägerwerk, GE Healthcare, Natus Medical, Philips Healthcare, and Phoenix Medical Systems.
Other Prominent Vendors in the market are: Alfamedic, Ardo, AVI Healthcare, Cobams, Embrace, Fisher & Paykel Healthcare, Ginevri, Heinen und Lowenstein, Ibis Medical, Kay, MTTS, Nonin Medical, and Smiths Medical.
Commenting on the report, an analyst from Technavio’s team said: “High demand for portable equipment will be a key trend for market growth. Portable devices offer excellent performance and eliminate the need for investing in a separate neonatal care system for each location. Portable neonatal warming equipment is more advantageous than conventional devices as it helps to increase thermal care for premature and low-weight babies. These portable devices offer a stable micro-climate, easy sanitization, and close mother-child interaction. In recent years, the demand for mobile medical units with portable neonatal warming equipment and phototherapy units that provide prenatal check-ups at home settings has increased in the developed and developing countries.”
According to the report, technical improvements in designs will be a key driver for market growth. Technological innovations have led to the development of new products in the healthcare industry. Some products have been developed as per the needs of neonates. Infant warmers such as Lullaby Warmer by GE Healthcare have shown clinical and economic benefits. The equipment provides 69% faster warm-up than conventional devices, offers uniform distribution of heat, and ensures comfortable positioning of the baby.
Further, the report states that one of the challenges for the market will be entry barriers affecting new entrants. High development costs required for the licensing, acquisitions, marketing, and manufacturing of fetal and neonatal equipment act as barriers for new entrants, especially in developed countries. Also, many buyers, particularly the larger hospitals, rely on the reputed and global vendors in the global baby warming devices market during transactions. Also, the distribution channels for fetal and neonatal care equipment are highly saturated in developed countries and are dominated by the existing companies. Thus, small companies are finding it difficult to earn profits and survive in the market.
Drägerwerk, GE Healthcare, Natus Medical, Philips Healthcare, Phoenix Medical Systems, Alfamedic, Ardo, AVI Healthcare, Cobams, Embrace, Fisher & Paykel Healthcare, Ginevri, Heinen und Lowenstein, Ibis Medical, Kay, MTTS, Nonin Medical, Smiths Medical.
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