Key Developments
Fundraising events and charity tournaments to facilitate purchase of major equipment for the maternity wards in hospitals is expected to benefit growth of the infant radiant warmer market. For instance, in August 2019, the UMass Memorial HealthAlliance Hospital 29th Annual Golf Classic fundraiser, raised over US$ 260,000 to provide additional resources to purchase five radiant warmers used to maintain body temperature of newborn infants.
Increasing number of technological innovations and product launches by market players are also expected to drive the market growth. In October 2017, Dräger launched its Babyleo TN500 IncuWarmer beds in the U.S. These devices can control the temperature inside the infant warmer/incubator and can be used in open and closed care, as well as during transitions.
Increasing initiative on improving quality of neonatal care by governments across the globe is likely to have a positive impact on the demand for infant care equipment. For instance, in February 2019, the government of India floated draft orders to chart out quality control rules for diagnostic electrical medical equipment which includes cardiac defibrillators, infant radiant warmers, multi-functional patient monitoring equipment, and pulse oximetersm among others.
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