Infant Care And Baby Care Equipment Market to Register Steady Growth During 2015-2025
Infant care and baby care equipment includes incubators, fetal dopplers, infant warmers, phototherapy equipment, respiratory assistance, monitoring devices, pulse oximeter, infant resuscitation trolley etc. The incubator designed to provide safe and most stable environment to the critical neonate. Doppler fetal monitor is an ultrasound transducer device that used to detect the fetal heartbeat. Infant warmers used to provide constant body temperature to the infants. The pulse oximeter used to determine whether the baby has enough oxygen in her blood.
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Globally, technological advancement in infant care and baby care equipment is increasing. In addition, the awareness about infant care and baby care equipment available in the market is growing, which results the infant care and baby care market is also increasing.
Infant Care and Baby Care Market: Drivers and Restraints
Technological advancement in infant care and baby care equipment, increasing healthcare expenditure, rising disposable income, changing lifestyle and increasing awareness about infant and baby care equipment available in the market are some of the factors that drive the growth of the infant care and baby care market.
However, high competition among existing players act as an inhibitor for this market. In addition, the U.S. government initiatives to decrease the preterm birth incidence rate are expected to significantly reduce the number of preterm births in the country, which inhibits the growth of the infant care and baby care equipment market.
Infant Care and Baby Care Equipment Market: Overview
With the increasing incidence of premature births and technological advancement in infant care and baby care equipment, the global infant care and baby care market is expected to have a healthy growth rate in the forecast period (2015-2025).
Infant Care and Baby Care Equipment Market: Region- wise Outlook
The global infant care and baby care market is expected to register a healthy CAGR for the forecast period. Depending on geographic regions, global infant care and baby care market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America followed by Europedominates the global infant care and baby care market due to technological advancement in infant care and baby care equipment, developed healthcare infrastructure and affordability for various infant and baby care equipment. Asia-Pacific is the fastest emerging market for global infant care and baby care due to increasing disposable income, increasing technological advancement, high incidence rate of premature births, growing awareness level about infant care and baby care equipment available in the market. Also, high birth rate in this region plays a significant role in the global market.
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Infant Care and Baby Care Market: Key Players
Some of the key market players in global infant care and baby care market are Abbott Nutrition, GE Healthcare, Narang Medical Limited, Phillips Healthcare, Drägerwerk AG & Co. KGaA, Phoenix Medical Systems (P) Ltd and Novamed USA.
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