What's driving the Infant Radiant Warmer Market trends? Fisher & Paykel Healthcare Limited., General Electric Company, Neotech Medical Pvt. Ltd, Phoenix Medical Systems (P) Ltd

The infant radiant warmer market is projected to grow at steady state during the forecast period (2016–2024). Increasing prevalence of premature birth is expected to drive growth of the infant radiant warmer market. For instance, according to the World Health Organisation (WHO), in 2015, approximately 15 million babies are born premature across the globe. Almost 1 million babies die every year due to the complications of premature birth. Furthermore, increasing incidence of hospital acquired diseases, further creates an acute need for proper care and sterile environment for the baby, something that is provided by infant radiant warmers. For instance, according to the Center for Disease Control and Prevention (CDC), in 2011, about 1 in every 25 was infected with at least one hospital acquired infections.

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The introduction of innovative products is expected to increase their application and in turn fuel growth of the global infant radiant warmers market. For instance, GE Healthcare’s commercially available product, Lullaby Warmer, can uniformly distribute heat to ensure easy positioning of the baby, visually coded control panel and color coded safety alarms – simple to understand and language independent and has 69% faster warm up. Also, growing number of infant radiant warmer manufacturers is expected to propel market growth over the forecast period.

Furthermore, rise in government funds is analyzed to support growth of the infant radiant warmer market. For instance, the American Academy of Pediatrics (AAP) has added a level (level IV) in infant nursing which in turn may increase growth of the infant radiant warmer market. Moreover, rise in number of hospitals across the globe is expected to increase demand for infant radiant warmer market. According to WHO data, yearly around 20 million premature and low birth weight babies are born and out of which 3 million babies die in the first four weeks of life. Hence, it is recommended that every hospital must essentially have at least one infant intensive care unit, which must comprise of all infant care equipment. However, high costs associated with the warmer and risk of high exposure to heat is likely to restraint growth of the infant radiant warmer market to a certain extent.

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Some of the prominent players in the infant radiant warmer market are Fisher & Paykel Healthcare Limited., General Electric Company, Neotech Medical Pvt. Ltd, Phoenix Medical Systems (P) Ltd., Natus Medical Incorporated.,Ardo, Fanem Ltda., and Draeger, Inc.

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