Infant Radiant Warmer Market Worth $ 2,420.44 million by 2027: Fanem, nice Neotech Medical Systems, Atom Medical Corp, Fyrom International, Beijing Julongsanyou Technology

A radiant warmer is body-warming equipment. Infant radiant warmers aid in maintaining the body temperature of babies and defining their metabolism rate. This variant of radiant warmers consist of an open tray (for keeping the babies), and the artificial heating is provided by a heating system installed above. The infant radiant warmers are used in clinical settings, including labor and delivery rooms, cesarean operating rooms, mother-baby rooms, newborn nursery, neonatal intensive care units (NICUs), and pediatric intensive care units (PICUs).The infant radiant warmer market is expected to witness huge growth during the forecast period on the back of the increasing rate of preterm births and rising incidences of maternal infections. Moreover, the market players are expected to leverage the growth opportunities presented by developing nations to foster growth in the coming years. However, disadvantages associated with infant radiant warmers such as chances of overheating, maintenance of the equipment and frequent sterilization limit the growth of the market.

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The infant radiant warmer market was valued at US$ 1,632.70 million in 2019 and is projected to reach US$ 2,420.44 million by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027.

Natus Medical Incorporated; General Electric Company; Fisher & Paykel Healthcare Limited; nice Neotech Medical Systems Pvt. Ltd; Phoenix Medical Systems (P) Ltd; Fane; Drägerwerk AG & Co. KGaA; Beijing Julongsanyou Technology Co., Ltd; Atom Medical Corp; and Fyrom International are among the leading companies operating in the global infant radiant warmer market.

The global infant radiant warmer market, based on product type, is segmented into standard infant radiant warmer, mobile infant radiant warmer, and others. The standard infant radiant warmer segment held the largest share of the market in 2019, however, the mobile infant radiant warmer segment is estimated to register the highest CAGR during the forecast period; this projected growth is ascribed to the increasing incidence of preterm births, escalating number of product launches, and growing adoption of mobile infant radiant warmer in low-cost settings.

Moreover, the volume of infant radiant warmer market was 147,845 units in 2019 and is projected to reach 200,141 units by 2027; it is expected to grow at a CAGR of 3.9% during 2020–2027. The volume of the infant warmer is increasing due to the growing adoptions of infant radiant warmer by the hospitals and increasing requirements of the warmers during the early days of infant births. Similarly, the growing rate of preterm births and the rising incidence of maternal infection is anticipated to increase the demand of the infant radiant warmers in the forecasted period.

Several factors such as multiple pregnancies, infection diseases, and chronic conditions lead to preterm birth. The lifestyle of women is also among the leading factors of preterm birth. The developing regions such as Asia Pacific and Africa have recorded the highest numbers of preterm births, i.e., nearly 60%, and it has become a global problem in the last few years. Thus, to reduce the number of preterm births, the healthcare facility centers such as hospitals, nursing homes, maternity clinics across the world have widely installed radiant infant warmers.

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Preterm babies are born before the completion of the pregnancy period of 37 weeks. Preterm birth is a critical condition for the growth of babies. To reduce mortality and morbidity, it is, therefore, important to keep a newborn warm. Across the world, ~90–95% of babies have lesser chances of survival when they are prematurely born. The increasing number of preterm births across the world has significantly driven the growth of the market for infant radiant warmers. For instance, according to the World Health Organization (WHO) data published in February 2018, nearly 15 million babies are born prematurely every year. The number is expected to grow every year. The data also stated that ~184 countries have a 5–8% preterm birth rate, and nearly 1 million babies die per year due to preterm birth complications.

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