Global Baby Warmer Devices Market: Overview
Baby warmer devices, also called neonatal warming equipment, offers heat to babies suffering from severe heat loss. The body surface area of babies is large as compared to volume and they have very little fat content in their body. While in most cases basic clothing and mother’s warmth would suffice to complement the heat produced in the body of a healthy new born baby, for premature babies and those suffering from debilitating conditions, artificial heat needs to be provided to ensure proper bodily functions of the baby and is crucial for its survival. Baby warming equipment is an open bed, provided with a heat source to keep the baby warm. The source of heat is infrared (IR) radiations that are beamed from quartz heater via parabolic reflector.
Baby care equipment is used for newborn or preterm babies in order to provide accessibility for resuscitation or procedures without jeopardizing thermal stability. This equipment helps to provide heat, supply oxygen, and monitor vital parameters.
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Global Baby Warmer Devices Market: Trends and Opportunities
Increasing prevalence of premature birth is expected to drive growth of the infant radiant warmer market. For instance, according to the World Health Organization (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. Moreover, other factors such as technical improvements in the design of devices, and increasing awareness about them in emerging countries are driving the global baby warmer device market. However, risk and complications associated with baby warmer devices is a major restraint for the expansion of the market.
Global Baby Warmer Devices Market: Geographical Analysis
The global baby warmer devices market is segmented geographically into the regions of North America, South America, Europe, Asia Pacific, the Middle East and Africa.
Global Baby Warmer Devices Market: Companies Mentioned
This market offers vendors numerous opportunities to grow and is characterized by the presence of many global and regional suppliers. To increase revenues, many local and regional suppliers have started collaborating with global vendors to improve their market traction and geographical coverage. Additionally, the recent increase in product extensions and M&A activities will intensify the level of competition in the market.
Key players operating in the global AVI Healthcare, Datex Ohmeda Ltd., GE Healthcare, Drägerwerk AG, Ibis Medical Equipment & Systems Pvt. Ltd., Fisher & Paykel Healthcare Limited, International Biomedical, Natus Medical Incorporated, Smiths Medical, Koninklijke Philips N.V., and Phoenix Medical Systems Pvt. Ltd. among others.
Global Baby Warmer Devices Market, by Type
Global Baby Warmer Devices Market, by End-Use
- Child Care Center
- Nursing Center
- Home Care
Global Baby Warmer Devices Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.