Global Baby Warming Devices Market 2016-2020

Global baby warming devices market forecast

According to the baby warming devices market analysis, Technavio’s market research analysts have estimated that the global market for baby warming devices will grow at an impressive CAGR of almost 9% by 2020. Factors like the increasing incidence of Preterm births will result in the high need for better fetal and neonatal care facilities. According to a research, Preterm births account for 5 to 18% of overall childbirths worldwide, and it is estimated that every year more than 15 million babies are born Preterm, of which more than one million infants die from premature birth complications. Preterm infants face short- and long-term complications as their organ systems are immature and not prepared to support life in the extra-uterine environment. Such infants require warmth, breastfeeding support, and necessary care for infections and breathing difficulties, life support, and critical care monitoring. As a result, governments across the globe, especially in developing economies, are taking initiatives to develop better infrastructure and provide knowledge and awareness about pregnancy, neonatal care, and after complications caused during infancy stage.

Another factor impelling this market’s growth rate is the rising demand for portable devices among healthcare end-users. Portable devices offer excellent performance and eliminate the need for investing in a separate neonatal care system for each location. Portable neonatal warming devices are better than conventional devices as they help to increase thermal care for premature and low-weight babies. These devices offer a stable micro-climate, easy sanitization, and close mother-child interaction. According to this market research report, the demand for mobile medical units with portable neonatal warming equipment and phototherapy units will increase significantly in developing and developed countries owing to their ability to provide prenatal check-ups at home settings.

Competitive landscape and key vendors

This market offers vendors numerous opportunities to grow and is characterized by the presence of many global and regional suppliers. To increase revenues, many local and regional suppliers have started collaborating with global vendors to improve their market traction and geographical coverage. Additionally, the recent increase in product extensions and M&A activities will intensify the level of competition in the market.

Key vendors in this market are 

• Drägerwerk
• GE
• Natus Medical
• Philips
• Phoenix Medical Systems

Other prominent vendors in this market are Alfamedic, Ardo, AVI Healthcare, Cobams, Embrace, Fisher & Paykel Healthcare, Ginevri, Heinen and Lowenstein, Ibis Medical, Kay, MTTS, Natus Medical, Nonin Medical, and Smiths Medical.

Segmentation by product type and analysis of the baby warming devices market

• Phototherapy units
• Radiant warmers
• Incubators

Based on the baby warming devices market statistics, the phototherapy units’ segment dominated this market as they are highly efficient and have an excellent safety record. These devices provide a light treatment process for the reduction of high bilirubin levels (jaundice) in newborn babies. The skin and blood of neonates absorb the light waves, allowing the conversion of insoluble bilirubin to soluble products, which are excreted in urine and feces.

Segmentation by geography and analysis of the baby warming devices market

• Americas
• APAC
• EMEA

Though the Americas dominate this market, it is estimated that the APAC region will account for the largest market share by 2020 owing to the recent increase in Preterm births, a rise in disposable income, and the availability of low-cost neonatal warming devices. In this region, vendors implement strategies, such as increasing the commercial reach of their products, establishing manufacturing facilities, offering diversified products, and making price adjustments to enhance their foothold in emerging countries.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global baby warming devices market?
• What are the key market trends impacting the growth of the global baby warming devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global baby warming devices market?
• What are the market opportunities and threats faced by the vendors in the global baby warming devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global baby warming devices market?

Technavio also offers customization on reports based on specific client requirement.

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