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The market is expected to reach $2.9 billion by 2032, driven by medical advances, growing awareness and government initiatives

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Global baby warming devices market

Global baby warming devices marketGlobal baby warming devices market

Global baby warming devices market

Dublin, May 09, 2024 (GLOBE NEWSWIRE) — The Global Baby Warmer Market by Product, Type, Sales Channel, End User and Region 2024-2032 report has been added. ResearchAndMarkets.com offering.

The international baby warmer market is experiencing a significant growth trend, expected to grow from $2.0 billion in 2023 to $2.9 billion in 2032. This growth trajectory correlates with the compound annual growth rate (CAGR) of 4.21% over the entire forecast period from 2023 to 2032. A confluence of medical advancements, growing awareness and government initiatives underlies this acceleration in market expansion.

A major driver of the infant warming device market growth is the global focus on preventing pregnancy-related complications that often lead to increased fetal and neonatal mortality. These concerns are combined with increased investment in research and development, which initiates the development of new products and innovations. Such changes create growing opportunities in the industry. Moreover, the rise in demand for portable baby warming devices that offer convenience and portability is enlivening the market landscape.

Challenges and opportunities

Though the market is growing, challenges such as high costs associated with these advanced devices, lack of awareness about pregnancy-related complications, and limited infrastructure to accommodate such advanced medical equipment pose potential hurdles to the market growth. However, the proactive approach of government bodies in many countries to strengthen maternal and child healthcare infrastructure is expected to reinforce the positive narrative regarding the future of the market.

Market segmentation

Extensive market analysis highlights the segmentation of infant warming devices into categories such as phototherapies, radiators and incubators, with phototherapies currently dominating the market share. Similarly, segmentation by type includes portable, standalone, and convertible devices. Distribution channels reflect online and offline sales, while user demographics are divided into hospitals, pediatric centers and birthing centers, with hospitals accounting for the major market share.

Regional analysis

An overview of regional markets shows that North America is the leading participant in the baby warming devices market, replacing other countries such as Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Robust healthcare infrastructure and favorable economic scenarios in North America continue to drive the use and innovation of baby warming devices.

Competitive environment

The market competition panorama presents a set of key companies actively participating in the baby warming device industry. These key players include many manufacturing giants who are constantly innovating and pushing their brands onto the market. Their influence is shaping the introduction of cutting-edge technology into healthcare procedures, shaping the future of the sector.

Key Features:

Report attribute

Details

number of pages

137

Forecast period

2023 – 2032

Estimated market value (USD) in 2023

$2 billion

Projected market value (USD) until 2032

$2.9 billion

Compound annual growth rate

4.2%

Regions covered

Global

Featured companies

  • ALFAMEDIC limited liability company

  • AVI Healthcare limited liability company

  • Drägerwerk AG & Co. KGaA

  • Fisher & Paykel Healthcare Corporation Limited

  • General Electric Company

  • Ibis Medical Equipment & Systems Pvt Ltd

  • International Biomedicine Limited Liability Company

  • Kay & Company

  • Koninklijke Philips NV

  • MTTS Co. Ltd.

  • Natus Medical Company

  • Phoenix Medical Systems Pvt Ltd

More information about this report can be found at https://www.researchandmarkets.com/r/qos7eg

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