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Infant Care And Baby Care Equipment Market

Infant Care and Baby Care Equipment Market By Equipment Type (Incubator, Warmer, Phototherapy, Monitoring devices), Product (Baby Skin Care, Baby Toiletries/Hair Care), Distribution Channel (Hypermarket & Supermarket, Specialty Store) & Region - Forecast 2022-2032

Market Insights on Infant Care And Baby Care Equipment covering sales outlook, demand forecast & up-to-date key trends

Infant Care And Baby Care Equipment Market Overview

The infant care and baby care equipment market is expected to increase at a CAGR of 5.7% from an estimated USD 6.4 billion in 2018 to USD 8.4 billion by 2023.

The rise in preterm and low-weight delivery infants, the rising number of NICU admissions, and improved awareness of neonatal and foetal care across emerging countries are driving growing demand for infant care and baby care equipment.

Attributes

Details

Infant Care and Baby Care Equipment Market (CAGR)

5.7 %

Infant Care and Baby Care Equipment Market (2023)

USD 8.4 billion

Infant care and baby care equipment refer to the devices used to care for sick babies with various healthcare problems.

The infant care and baby care equipment market includes incubators, fetal dopplers, infant warmers, phototherapy equipment, respiratory assistance, monitoring devices, pulse oximeter, infant resuscitation trolley, etc.

The incubator is designed to provide a safe and most stable environment to the critical neonate.

Doppler fetal monitor is an ultrasound transducer device used to detect a fetal heartbeat. Infant warmers are used to provide constant body temperature to the infants.

The pulse oximeter is used to determine whether the baby has enough oxygen in her blood.

Technological advancement in the infant care and baby care equipment market is increasing. In addition, the awareness about infant care and baby care equipment market is growing, which results in the infant care, and baby care equipment market is also increasing.

What is the Impact of COVID-19 on the Infant Care and Baby Care Market?

With the pandemic affecting nearly every country on the planet, the infant care and baby care equipment market is seeing its fair share of 'ups and downs.' The COVID-19 has tremendous demand on healthcare personnel, facilities, and infrastructure.

Despite the constant pressure, the infant care and baby care equipment market is expanding steadily, thanks to improvements in infrastructure and technological advancements. As a result, the sales of infant care and baby care equipment and demand for infant care and baby care equipment are performing well.

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What are the Drivers and Restraints for Infant Care and Baby Care Market?

Technological advancement in infant care and baby care equipment market, increasing healthcare expenditure, rising disposable income, changing lifestyle, and increasing awareness about infant and baby care equipment available in the infant care and baby care equipment market are some of the factors that drive the growth of the sales of infant care and baby care equipment along with demand for infant care and baby care equipment.

The high competition among existing players acts as an inhibitor for the infant care and baby care equipment market. In addition, the U.S. government initiatives to decrease the preterm birth incidence rate is expected to significantly reduce the number of preterm births in the country, which inhibits the growth of the sales of infant care and baby care equipment along with demand for infant care and baby care equipment in the infant care and baby care equipment market.

What are the Region-wise Outlook of Infant Care and Baby Care Equipment Market?

The infant care and baby care equipment market is expected to register a healthy CAGR for the forecast period. Depending on geographic regions, the infant care and baby care equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, the Asia Pacific excluding Japan, Japan and Middle East & Africa.

North America, followed by Europe, dominates the infant care and baby care equipment market in sales of infant care and baby care equipment along with demand for infant care and baby care equipment due to technological advancement in infant care and baby care equipment, developed healthcare infrastructure and affordability for various infant and baby care equipment.

Asia-Pacific is the fastest emerging infant care and baby care equipment market due to increasing disposable income, increasing technological advancement, the high incidence rate of premature births, and growing awareness about infant care and baby care equipment available in the market. Also, the high birth rate in this region plays a significant role in the global demand for infant care and baby care equipment.

Sabyasachi Ghosh
Principal Consultant
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What Sales Opportunities do the United Kingdom Provide?

The adoption of newborn baby care equipment in hospitals and healthcare facilities in the United Kingdom is predicted to skyrocket. According to Future Market Insights research, Europe is the second-largest infant care and baby care equipment market, which is expected to maintain during the projection period.

According to the National Institute for Health and Care Excellence Statistics, preterm birth is the leading cause of infant death and morbidity in the United Kingdom.

Preterm newborns require special attention and care in a NICU, which is driving up demand for infant care and baby care equipment, which is projected to be a significant driving factor in the infant care and baby care equipment market in the United Kingdom.

Increased government backing also assists the country's infant care and baby care equipment market expansion. The company aims to expand its product portfolio in other regions and generate high revenue through this deal, which was completed in May 2020.

Inspiration Healthcare Group plc announced a supply of vital ventilators to the NHS, delivered to Thales through the U.K. government.

What Do You Think the Future Demand for Infant Care and Baby Care Will Be?

Due to an increase in preterm deliveries, increased difficulties, and a growing desire for enhanced jaundice control solutions, demand for infant care and baby care equipment and sales of infant care and baby care equipment have been geometrically expanding.

Rising pregnancy difficulties such as infections, pre-eclampsia, and foetal growth restriction, initiatives to improve newborn and maternal survival rates, and significant innovations in the field of neonatal baby care are boosting sales of infant care and baby care equipment.

Infant care and baby care equipment producers in various regions might benefit from research into modern technologies and advances in older equipment technology.

Over the forecast period, all of these factors are projected to generate more potential for the infant care and baby care equipment market to grow.

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Who are The Salient Players of the Infant Care and Baby Care Market?

Some of the key market players in the infant care and baby care equipment market are Abbott Nutrition, GE Healthcare, Narang Medical Limited, Phillips Healthcare, Drägerwerk AG & Co. KGaA, Phoenix Medical Systems (P) Ltd and Novamed USA.

According to the Oxford Academic Journal study, from August 2018 to March 2019, among 1,120 enrolled neonates, around 74%-77% were suffering from hypothermia after birth.

In July 2020, Nihon Kohden Corporation collaborated with TPS (Toyota Product System) Support Team to accelerate its ventilators and patient monitors production to meet increased demand for infant care and baby care equipment due to the COVID-19 outbreak, based on the request from the Japanese government.

Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 5.7% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Equipment Type, Distribution Channel, Product, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Abbott Nutrition, GE Healthcare, Narang Medical Limited, Phillips Healthcare, Drägerwerk AG & Co. KGaA, Phoenix Medical Systems (P) Ltd and Novamed USA.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The infant care and baby care market is forecasted to register a CAGR of 5.7% during the forecast period.

Key players holding substantial infant care and baby care market include Abbott Nutrition, GE Healthcare, Narang Medical Limited, Phillips Healthcare, Drägerwerk AG & Co. KGaA, Phoenix Medical Systems (P) Ltd and Novamed USA.

As per the analysis, the infant care and baby care market share is likely to be $8.3 billion by 2023.

The infant care and baby care market is primarily driven by the rising baby health concerns, including skin diseases and the need for nutritional foods. The growing concern over safety standards and lack of awareness are likely to dampen the growth of the sales of infant care and baby care.

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Sabyasachi Ghosh
Principal Consultant
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Infant Care And Baby Care Equipment Market