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Global Infant Radiant Warmer Market growing at a CAGR of 5.1% from 2023 to 2030

Category : Pharmaceuticals And Healthcare | Published Date : Aug 2023

Key Market Overview

Consegic Business Intelligence analyzes that the global infant radiant warmer market is growing with a CAGR of 5.1% and is expected to reach USD 2,811.38 million in 2030 from USD 1,891.51 million in 2022.

The report highlights the growing number of preterm births has augmented the demand for infant radiant warmers. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the formwork system market.

Global Infant Radiant Warmer Market By Overview

Global Infant Radiant Warmer Market

The infant radiant warmer market is bifurcated into type, mode of operation, and end use. Based on type, the market is segmented into standard infant radiant warmer and portable infant radiant warmer. In 2022, the standard infant radiant warmer segment accounted for the highest market share in the infant radiant warmer market. On the basis of mode of operation, the market is categorized into manual and automatic. In 2022, the manual segment accounted for the highest market share in the overall infant radiant warmer market. On the basis of end use, the market is categorized into hospitals, gynecology clinics, baby care centers, and others. In 2022, the hospitals segment accounted for the highest market share in the overall infant radiant warmer market.

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Market Dynamics

Driver:

 

  • The growing number of preterm births has augmented the demand for infant radiant warmers.
  • Rising number of maternity centers is fostering the infant radiant warmer market growth.

 

Restraints:

  • Risk of infection is likely to restrict the infant radiant warmer market growth.

Opportunity:

  • Advancements in medical technology is expected to fuel the infant radiant warmer market growth.

Market Segmentation:

Report Attributes Report Details
By Type Standard Infant Radiant Warmer and Portable Infant Radiant Warmer
By Mode of Operation Manual and Automatic
By End Use Hospitals, Gynecology Clinics, Baby Care Centers, and Others
By Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as GE HealthCare, Avante, and SS TECHNOMED (P) LTD., among others have a strong market position in current market circumstances. Further, the formwork system market is expected to witness significant growth in the coming years due to the growing number of preterm births has augmented the demand for infant radiant warmers. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • SS TECHNOMED (P) LTD.
  • Avante
  • GE HealthCare
  • Advin Health Care
  • Apothecaries Sundries Mfg. Pvt. Ltd.
  • Dragerwerk AG & Co. KGaA
  • GPC Medical Ltd.
  • nice Neotech Medical Systems Pvt. Ltd.