Report : Infant Radiant Warmer Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product Type (Standard Infant Radiant Warmer, and Mobile Infant Radiant Warmer); End-User (Hospitals, Gynecology Clinics, Baby Care Centers, and Others); and Geography
Market for Mobile Infant Radiant Warmer to Grow atHighest CAGR during 2020–2027
According to our latest study on “Infant Radiant Warmer MarketForecast 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.
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.
The report segments global infant radiant warmer market as follows:
By Product Type
By End User