Key vendors are focusing on developing hybrid equipment and product innovations to remain competitive in the market
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global baby warming devices market in their latest research report. This report also lists 14 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of baby warming devices through hospitals, pediatric clinics, and labor and delivery centers.
This Technavio report, under orthopedics and general vertical, is based on the synthesis, analysis, and interpretation of information about the global baby warming devices market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
Owing to the presence of many global and regional vendors, it is expected that the global market for baby warming devices has enough scope to grow in the coming years. To increase their profit margins and expand geographical presence, the local and regional suppliers are collaborating with the global vendors. The increased product extensions and M&A and strategic collaborations with public hospitals and non-profit organizations will make the competition fiercer in this market over the predicted period. Vendors are focusing on the development of a particular type of NICU devices, along with hybrid equipment such as radiant warmers with neonatal incubators, infant incubators with phototherapy units, and neonatal incubators with other neonatal care equipment.
“To remain competitive in the market, the vendors are concentrating on product innovations and are offering heavy discounts. In order to expand their shares in the market, the regional and local suppliers must increase their capital and avail skilled professionals. The key vendors are focusing on providing cost-effective equipment in emerging countries like India, Indonesia, China, Thailand, and Vietnam, as the demand for low-cost baby warming equipment is high in these countries,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and general.
Top five vendors in the baby warming devices market space
Drägerwerk
The company supplies product to the hospitals, pediatric clinics, and labor and delivery centers. It recently collaborated into partnership with Intensive Care On-line Network, which facilitates the clinical and educational support to Drägerwerk neonatal care equipment users. The firm’s business operating areas include treatment, monitoring, and diagnosis of neonates, critical care, and emergency care. To increase their profit and survive the intense market competition, the company is expanding its research capacities and developing new R&D activities. Also, it is also emphasizing on digital marketing to attract customers. With the presence of multiple distribution networks, the networking and customer satisfaction among the vendors globally will improve, resulting in extended collaborations and better profit margins.
Some key products: Dräger Globe-Trotter GT5400, Caleo, Isolette 8000, etc.
GE Healthcare
GE Healthcare is one of the leading companies that deals in providing medical devices, such as diagnostic imaging systems, cardiac devices, patient monitoring, and healthcare IT solutions. It is a subsidiary of GE electricals and has target customers that include hospitals, pediatric clinics, and labor and delivery centers. Among the various milestones that the company has achieved, one of them is the strategic agreement that the company had signed with the Ministry of Health to strengthen the healthcare technology system in Egypt, in 2015. The company is also planning to invest more on R&D and business development, and has collaborated with various manufacturers to maintain and build certain engines.
Some key products: Panda warmer, BiliSoft phototherapy system, Care Plus Incubator, etc.
Natus Medical
The company provides services like diagnosis, monitoring, and treatment of common medical ailments for newborn care. It offers neurology healthcare products and services to newborn , suffering from neurological dysfunction, sleep disorders, epilepsy, and balance and mobility disorders. It offers fetal and neonatal products through its newborn care segment. Natus Medical deals in products such as newborn hearing screening, newborn brain injury, thermoregulation, jaundice management, diagnostic hearing assessment, and balance and mobility. To extend its geographic presence worldwide, the company is focusing on product innovations, development of products, strong partnerships, and mergers and acquisitions.
Some key products: SM-401 infant warmer, Medix MediLED, neoBLUE, etc.
Philips Healthcare
A subsidiary of Royal Philips Electronics, Philips Healthcare’s target customers include hospitals, pediatric clinics, labor and delivery offices. Philips deals in manufacturing and marketing diagnostic imaging systems, healthcare IT solutions, and patient monitoring and cardiac devices. It operates through healthcare, consumer lifestyle, lighting, innovation, and group and services segments. It has partnerships with research institutes, suppliers, and consumers to expand its scope and depth of R&D capabilities. In May 2016, the company had signed an agreement to address and help childhood pneumonia deaths. The company has a strong geographical presence in the manufacturing sites across the globe. It strives to improve maternal health and reduce child mortality.
Key products: BiliChek, BiliTx Phototherapy System, WeeSpecs Phototherapy Mask, WeeSpecs Supreme Mask, Wee warmer, and Heel snuggler.
Phoenix Medical Systems
The company’s major client base includeshospitals, pediatric clinics, labor and delivery offices. It deals in providing cost effective care and innovative solutions to infants. The company develops, designs, and markets infant care medical devices and focuses on providing affordable solutions to treat premature babies. Phoenix Medical has huge investment plans in research activities =and product development, especially to meet the needs of the Indian market. The company has a wide geographical presence in countries like Sri Lanka, Thailand, Vietnam, Malaysia, Singapore, Switzerland, Portugal, the UAE, Columbia, Peru, Mexico, and most of the African countries.
Some key products: Comprehensive infant care center, Neonatal Intensive Care Incubator INC 100, Brilliance Pro, etc.
Other prominent vendors in this market include Alfamedic, Ardo, AVI Healthcare, Cobams, Embrace, Fisher & Paykel Healthcare, Ginevri, Heinen und Lowenstein, Ibis Medical, Kay, MTTS, Natus Medical, Nonin Medical, and Smiths Medical.
A more detailed analysis is available in the Technavio report, Global Baby Warming Devices Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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