Authored By: Sarah
20 Aug 2024

Baby Warming Devices Market Size to grow by USD 489.6 million between 2024-2028

The Baby Warming Devices Market is segmented by End-user (Hospitals, Pediatric centers, and Labor and delivery centers), Product Type (Phototherapy units, Radiant warmers, and Incubators), and Geography (North America, Europe, Asia, and Rest of World (ROW)). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 489.6 million, at a CAGR of 4.36% during the forecast period. There are several companies that are contributing to the market as per this report. Technological advancements in baby warming devices .

By End-user, the Hospitals segment is projected to dominate the market size in 2024

The hospitals segment is the largest contributor to the global baby warming devices market, holding a significant market share in 2022. This trend is anticipated to continue throughout the forecast period, as hospitals remain the primary end-users in the market. The proliferation of advanced maternity facilities in developed countries, including the US, Germany, and the UK, is driving the segment's growth. According to government surveys, the number of women delivering children in hospitals or healthcare institutions has significantly increased in recent years. For instance, in India, the proportion of women delivering in a hospital has risen by nearly 73% points in rural areas and 37% in urban areas over the past two decades. This increasing trend in hospital deliveries is a positive indicator for the baby warming devices market.

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By Product Type, Phototherapy units segment is expected to hold the largest market size for the year 2024

The phototherapy units segment holds a significant market share in the global baby warming devices market, accounting for a substantial revenue contribution in 2022. This trend is projected to continue throughout the forecast period. Phototherapy units are essential medical devices used to address hyperbilirubinemia in newborns. Their efficiency and exceptional safety record make them a preferred choice for healthcare providers. These units facilitate a non-invasive light treatment process, enabling the conversion of insoluble bilirubin into soluble products, which are subsequently excreted through urine and feces. The convenience and cost-effectiveness of phototherapy units have led to their widespread adoption in hospitals and nursing homes.

Why is North America forecasted to hold the largest regional market size in 2024?

The North American region holds a significant market share in the global baby warming devices industry, accounting for approximately 40% of the total market in 2022. Factors such as the increasing rate of preterm births, complications related to pregnancy, and a substantial presence of market players are driving the growth of this region. For instance, the Centers for Disease Control and Prevention (CDC) reports that 10% of infants born in the U.S. are preterm births, marking a 4% increase from 2020. This trend is expected to continue, fueling the demand for baby warming devices in North America throughout the forecast period.

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Research Analysis Overview

The Baby Warming Devices Market encompasses a range of heating mechanisms designed to maintain optimal temperature for newborns, particularly those at risk of severe heat loss or health complications. These devices include neonatal warming devices, radiant warmers, incubators, and phototherapy units. Neonatal warming devices employ various heating methods such as parabolic reflectors, infrared (IR) radiation, quartz heaters, and phase change materials. Resuscitation areas in gynecology clinics, child care centers, hospitals, pediatric centers, and incubators utilize these devices to prevent hypothermia and insensible fluid loss in newborns. Radiant warmers and phototherapy units are essential for preterm births, as they help maintain body temperature while providing necessary treatments. Health complications like hypothermia can lead to serious consequences, making these baby warming devices crucial in healthcare settings. Micro economic factors, such as the one-child policy in some regions, have influenced the market growth. The demand for advanced technologies like thermal dynamism and wrap-around cloth warmers is increasing due to their ability to mimic the mother's body heat and promote thermal stability. Overall, the Baby Warming Devices Market is expected to grow significantly due to the increasing number of premature births and the need for advanced neonatal care.

Market Research Overview

According to Technavio, the global baby warming devices market is a segment of the expansive global healthcare equipment industry. This sector encompasses organizations dedicated to the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are integral to the diagnosis, monitoring, and treatment of diverse medical conditions. Technavio determines the size of the global healthcare equipment market by aggregating the revenues generated by manufacturers of diagnostic equipment and devices spanning multiple therapy areas. The healthcare equipment landscape encompasses the following sectors: Devices, which comprise advanced, differentiated, and clinically validated data-driven devices, including baby warming devices. - The Baby Warming Devices Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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