Global Infant Radiant Warmer Market - 2022-2029

Market Overview

The global infant radiant warmer market was valued at US$ 1,815.63 million in 2021 and is estimated to reach US$ 2,780.92 million by 2029, growing at a CAGR of 4.98% during the forecast period (2022-2029).

An infant radiant warmer has a cradle on which an infant is placed and a heater that releases radiant heat. It helps provide sufficient temperature to the infants for ill infants who suffer from severe heat loss and require the continuous involvement of nurses. In this, a heat shield of thin polyethylene film is used with a radiant warmer to reduce heat loss by convection and evaporation. It also has a skin temperature probe that keeps track of the infant's temperature. The release of this radiant heat can be controlled manually or through baby mode for thermoregulation. Visual and audio alarms are present for safety.

Market Dynamics

The increasing demand for these radiant infant warmers is due to the growing premature birth rates and increased incidence of infections. Other factors aiding the market growth are the advancements in novel technologies and increasing research and development expenditure. All these factors are expected to drive market growth.

The increasing number of novel product launches and the rising research and development will drive market growth.

The global market for radiant infant warmers is primarily driven by the rise in premature and low birth weight rates and the growing incidence of infections acquired by the hospital environment. Another factor aiding the market growth is an increase in population growth, which leads to a rise in birth complications such as premature birth and low birth weight. World Health Organization stated that extended exposure of newborn infants to cold temperatures could induce hypoxia and hypoglycemia, leading to death in some cases. These cases drive the demand for the infant radiant warmer market. Emerging countries, the rising global burden of major diseases, the large number of newborns, the growth in GDP growth, and disposable income act as market opportunities for key players.

Various funding, novel technological advancements, and the number of the latest, innovative product launches are increasing, leading to the high demand for these infant radiant warmers. For instance, in Jun 2020, Heal Force released its report on radiant infant warmers fueling the development of pediatric treatment. FXQ4H infant radiant warmer is widely utilized for pediatric treatment in emergency rescue for neonatal asphyxia.

The high therapy and operational costs associated with infant radiant warmer will hamper the market's growth.

However, the high cost of infant radiant warmers and the risk of high exposure to heat may hinder market progress.

COVID-19 Impact Analysis

The pandemic has negatively impacted global financial expectations, operations and crisis response strategy. The COVID-19 outbreak has severely impacted the healthcare industry. The infant radiant warmer market has experienced huge losses due to COVID. But now, the market participants are changing their long-term and short-term growth strategies by utilizing the research market and creating cutting-edge items to combat the pandemic. Various initiatives, collaborations and mergers are happening worldwide, boosting the market's growth.

Segment Analysis

The servo mode segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)

The servo mode segment is the highest market holder in the global infant radiant warmer market. This radiant warmer has a servo control which works like a thermostat that maintains a constant temperature (between 36.0 to 36.5c) in the area of a temperature probe near the abdomen. It is a more natural way to minimize the number of calories spent to maintain a normal body temperature. In the servo mode, the heating elements turn on and off automatically based on the change in the temperature of the infant's skin. The temperature is detected by a thermistor sensor applied to the body area exposed to radiant heat. The proportional control and on-off control together control the heater power output. On-off control turns the power fully on or off. In contrast, proportional control changes the heating power output by increasing or decreasing as the temperature of the skin changes from the set temperature.

The servo mode segment dominates the market due to the rising birth rate and increasing premature birth cases. According to the Centre for Disease Control and Prevention, in 2021, approximately 3,659,289 newborn cases were reported in the United States. The rising number of premature births, regulatory approvals and growing technological advancements or research/clinical trial studies drive the market's growth.

Geographical Analysis

North America holds the largest market share of the global Infant Radiant Warmer market.

North America dominates the global infant radiant warmer market, primarily attributed to the rising prevalence of premature and low birth weight deaths, established healthcare infrastructure, higher investment in R&D activities, and higher adoption of advanced equipment contribute to North America's rapid share growth. Moreover, its broad base patient population also contributes to the growth of its share. According to the Centre for Disease Control and Prevention, in 2020, around 297,604 babies were born with low birth weights, of which 20,000 deaths occurred in the United States.

Moreover, the growing number of product launches is responsible for the market's growth. Other factors, such as the high spending of GDP on healthcare, stimulate the market's growth. Many key developments, technological advancements, collaborations and agreements are taking place in this region. For instance, in Oct 2021, it was reported that Drager New Savina 300 NIV provided effective non-invasive ventilation for an acute care environment.

Competitive Landscape

The infant radiant warmer market is moderately competitive with local and global companies' presence. GE Healthcare, Atom Medical, Fisher & Paykel Healthcare Limited, Draeger, Inc., Advin Healthcare, Avante Health Solution, GPC Medical Ltd., SS Technomed Ltd., Phoenix Medical System, Apothecaries Sundries Mfg. Co. and more. The key players are adopting various growth strategies such as product launches, mergers & acquisitions, partnerships, and collaborations, contributing to the market's growth. For instance, in May 2020, Drager announced about endowment to the American Respiratory Care Foundation of around $50,000 for effective clinical research required to support pediatric and neonatal patients.

GE Healthcare:

Overview:

GE HealthCare is a subsidiary of General Electric, an American multinational conglomerate integrated into New York, founded in 1994 and headquartered in Chicago, Illinois. It manufactures and distributes various diagnostic imaging agents and radiopharmaceuticals that can be used for imaging modalities in some procedures, such as medical imaging.

Product Portfolio:

Lullaby Warmer: This infant warming system is an intensive care product that provides warmth to premature or neonates. The microprocessor technology makes a warm bed with built-in monitors consistently for a baby that notifies the caregiver about critical events.

The global infant radiant warmer market report would provide access to approximately 40+ market data tables, 45+ figures, and 200 (approximate) pages.