Market Overview:
The global neonatal warming equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of preterm births, rising awareness about neonatal care, and technological advancements in neonatal warming equipment. Based on type, the global neonatal warming equipment market is segmented into radiation heating and electrical heating. The radiation heating segment is further sub-segmented into radiant warmers and incubators. The electrical heating segment is further sub-segmented into electric blankets, pads & mats, and others (including hats & booties). Based on application, the global neonatal warming equipment market is divided into clinic, hospital, household, and others (including transportation). Geographically speaking North America dominates the global Neonatal Warming Equipment Market followed by Europe due To Increasing Preterm Births In These Regions And Rising Awareness About Neonates’ Health Care Needs .
Product Definition:
Neonatal warming equipment is a device used to keep premature and newborn infants warm. It may be a simple heating lamp or an elaborate system with monitors that regulate the infant's temperature. The importance of neonatal warming equipment is that it helps protect infants from hypothermia, which can cause problems such as respiratory distress, infection, and developmental delays.
Radiation Heating:
Radiation heating is the process of using ionizing radiation to heat a material, usually liquid, in order to create steam which can then be used for various applications. The most common application of this technology is in the production of warm water for use in hospitals and homes.
The global market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR (Compound Annual Growth Rate) of 4% from 2016 to 2024.
Electrical Heating:
Electrical heating is the process of producing heat by means of an electrical circuit. The most common way to produce heat in an electrical heating system is through resistors and bulbs. In a typical electric heating system, energy from a power source (such as wall outlet or battery) flows into the plug, which creates heat according to the resistance value of the plug.
The neonatal warming equipment market size was valued at USD 648 million in 2016.
Application Insights:
Based on the application, the market is segmented into a clinic, hospital, household and others. The household application segment accounted for the largest share in 2017 owing to rising awareness about bonding with infants among parents. Neonates suffering from cold stress are admitted in hospitals and other healthcare facilities; hence, increasing use of neonatal warming equipment at households will drive growth over the forecast period.
The household application segment is also expected to witness significant growth due to rising disposable income among consumers coupled with government initiatives such as ¢â‚¬Å“Neonatal Care Units¢â‚¬ that provide high-quality care for extremely premature babies at home or outside of hospital settings. These factors are anticipated to increase product demand in near future.
Regional Analysis:
North America dominated the global market in 2017. The increasing rate of preterm births has led to an increase in neonatal care procedures, which is expected to drive the demand for warming equipment over the forecast period. In addition, technological advancements and high healthcare expenditure are also anticipated to propel growth during the forecast period.
Asia Pacific is expected to witness a significant rise owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China. Moreover, an increase in birth rates among Asian countries has led hospitals & clinics across these regions with require various types of neonatal warming devices for proper care & treatment of newborns thus driving growth across this region during the forecast period.
Growth Factors:
- Increasing incidence of preterm births: The major growth driver for the neonatal warming equipment market is the increasing incidence of preterm births. According to a study by WHO, in 2015, around 15 million babies were born prematurely and this number is expected to increase in the coming years. This will create a high demand for neonatal warming equipment, thereby driving the market growth.
- Rising awareness about newborn health: There has been an increase in awareness about newborn health in recent years due to various campaigns and initiatives by government and non-government organizations alike. This has led to an increased demand for neonatal warming equipment as they help keep newborns safe and healthy.
- Technological advancements: The development of new technologies has led to the introduction of advanced products such as smart incubators that can be controlled remotely using smartphones or tablets etc., These products are helping hospitals manage their resources more efficiently while providing better care for premature or low birth weight infants.. This is contributing significantly towards market growth..
Scope Of The Report
Report Attributes
Report Details
Report Title
Neonatal Warming Equipment Market Research Report
By Type
Radiation Heating, Electrical Heating
By Application
Clinic, Hospital, Household, Others
By Companies
Dragerwerk, Fisher & Paykel Healthcare, GE Healthcare, Philips Healthcare, Phoenix Medical Systems, AVI Healthcare, Natus Medical, Nonin Medical, MTTS, Kay, Ibis Medical, Smiths Medical, Embrace
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Neonatal Warming Equipment Market Report Segments:
The global Neonatal Warming Equipment market is segmented on the basis of:
Types
Radiation Heating, Electrical Heating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinic, Hospital, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dragerwerk
- Fisher & Paykel Healthcare
- GE Healthcare
- Philips Healthcare
- Phoenix Medical Systems
- AVI Healthcare
- Natus Medical
- Nonin Medical
- MTTS
- Kay
- Ibis Medical
- Smiths Medical
- Embrace
Highlights of The Neonatal Warming Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radiation Heating
- Electrical Heating
- By Application:
- Clinic
- Hospital
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neonatal Warming Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Neonatal warming equipment is a device that is used to warm premature or newborn infants.
Some of the major players in the neonatal warming equipment market are Dragerwerk, Fisher & Paykel Healthcare, GE Healthcare, Philips Healthcare, Phoenix Medical Systems, AVI Healthcare, Natus Medical, Nonin Medical, MTTS, Kay, Ibis Medical, Smiths Medical, Embrace.
The neonatal warming equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neonatal Warming Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neonatal Warming Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neonatal Warming Equipment Market - Supply Chain
4.5. Global Neonatal Warming Equipment Market Forecast
4.5.1. Neonatal Warming Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neonatal Warming Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neonatal Warming Equipment Market Absolute $ Opportunity
5. Global Neonatal Warming Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Neonatal Warming Equipment Market Size and Volume Forecast by Type
5.3.1. Radiation Heating
5.3.2. Electrical Heating
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neonatal Warming Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Neonatal Warming Equipment Market Size and Volume Forecast by Application
6.3.1. Clinic
6.3.2. Hospital
6.3.3. Household
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neonatal Warming Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Neonatal Warming Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Neonatal Warming Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Neonatal Warming Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Neonatal Warming Equipment Demand Share Forecast, 2019-2026
9. North America Neonatal Warming Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Neonatal Warming Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Neonatal Warming Equipment Market Size and Volume Forecast by Application
9.4.1. Clinic
9.4.2. Hospital
9.4.3. Household
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Neonatal Warming Equipment Market Size and Volume Forecast by Type
9.7.1. Radiation Heating
9.7.2. Electrical Heating
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Neonatal Warming Equipment Demand Share Forecast, 2019-2026
10. Latin America Neonatal Warming Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Neonatal Warming Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Neonatal Warming Equipment Market Size and Volume Forecast by Application
10.4.1. Clinic
10.4.2. Hospital
10.4.3. Household
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Neonatal Warming Equipment Market Size and Volume Forecast by Type
10.7.1. Radiation Heating
10.7.2. Electrical Heating
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Neonatal Warming Equipment Demand Share Forecast, 2019-2026
11. Europe Neonatal Warming Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Neonatal Warming Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Neonatal Warming Equipment Market Size and Volume Forecast by Application
11.4.1. Clinic
11.4.2. Hospital
11.4.3. Household
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Neonatal Warming Equipment Market Size and Volume Forecast by Type
11.7.1. Radiation Heating
11.7.2. Electrical Heating
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Neonatal Warming Equipment Demand Share, 2019-2026
12. Asia Pacific Neonatal Warming Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Neonatal Warming Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Neonatal Warming Equipment Market Size and Volume Forecast by Application
12.4.1. Clinic
12.4.2. Hospital
12.4.3. Household
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Neonatal Warming Equipment Market Size and Volume Forecast by Type
12.7.1. Radiation Heating
12.7.2. Electrical Heating
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Neonatal Warming Equipment Demand Share, 2019-2026
13. Middle East & Africa Neonatal Warming Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Neonatal Warming Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Neonatal Warming Equipment Market Size and Volume Forecast by Application
13.4.1. Clinic
13.4.2. Hospital
13.4.3. Household
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Neonatal Warming Equipment Market Size and Volume Forecast by Type
13.7.1. Radiation Heating
13.7.2. Electrical Heating
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Neonatal Warming Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neonatal Warming Equipment Market: Market Share Analysis
14.2. Neonatal Warming Equipment Distributors and Customers
14.3. Neonatal Warming Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dragerwerk
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fisher & Paykel Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Healthcare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Philips Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Phoenix Medical Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AVI Healthcare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Natus Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nonin Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MTTS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kay
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ibis Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Smiths Medical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Embrace
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
