The global baby warming devices market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028). Baby warming devices are the medical devices used for maintaining the body temperature of infants and babies. The baby warming devices are offered in various types of products including phototherapy units, radiant warmers, and incubators that expand energy to minimize metabolic heat production in babies. The major factor attributing to the growth of the global baby warming devices industry is the increasing pediatric population across the globe. According to the statistics provided by the World Bank Data in 2020, the pediatric population represents around 25.5% of the world’s total population 2020. Thus, increasing the use of baby warming devices.
The demand for baby warming devices is also increasing due to the increasing number of births every year. According to the World Counts, around 140 million babies are born every year across the globe. Among these, Asia accounts for a major share of total births with around 25 million births in India, and 16 million births in China every year. Furthermore, the application of baby warming devices including incubators is also increasing due to the ability of incubators to support various conditions. The various conditions include premature birth, breathing issue, several infections, effects of gestational diabetes, jaundice, long & traumatic delivery, low birth weight, recovery from surgery, and many others. Thus, propelling the growth of the global baby warming devices market.
Some major players in the market include General Electric Co., Natus Medical Inc., Dragerwerk AG & Co. KGaA, Phoenix Medical Systems Ltd., and Fisher & Paykel Healthcare Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-
- General Electric Co., Natus Medical Inc., Dragerwerk AG & Co. KGaA, Phoenix Medical Systems Ltd., Fisher & Paykel Healthcare Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Scope of the Report
The research study analyzes the Global Baby Warming Devices Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Baby Warming Devices Market Market Report
1. What was the Global Baby Warming Devices Market Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Baby Warming Devices Market Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Baby Warming Devices Market Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Baby Warming Devices Market market.
- The market share of the Global Baby Warming Devices Market market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Baby Warming Devices Market market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Baby Warming Devices Market market.
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