Infant Oxygen Hood Market Outlook:
Infant Oxygen Hood Market worldwide was worth $ 12.5 million US dollars. AMR Group projects that the market will reach US$ 31 billion by 2031, growing at a CAGR of 9.5 % between 2022 and 2031.
The Infant Oxygen Hood Market report is a compilation of data regarding a market within one or more sectors. The report on the infant oxygen hood market covers both quantitative and qualitative data analysis, with a projection period that spans from 2022 to 2031. The study is designed to account for a wide range of factors, including product pricing, product or service penetration at the national and regional levels, GDP of the country, market dynamics of the parent and child markets, end application industries, major players, consumer purchasing patterns, and the political, social, and economic environments of the various countries. In order to provide a thorough study of the market from every angle, the report is broken up into multiple divisions.
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Market Dynamics:
The growing prevalence of respiratory problems in infants is one of the main factors propelling the infant oxygen hood market’s expansion globally. New-borns with congenital respiratory disorders and premature neonates in particular frequently experience such respiratory problems. These conditions can be minor to severe, necessitating a spectrum of therapies, such as oxygen therapy. In 2019, respiratory issues were the primary cause of illness and mortality among new-borns, especially in developing nations, according to the World Health Organization (WHO). According to the data, respiratory problems account for about 16% of new-born fatalities worldwide.
Market Scope:
This study provides estimates and data for the infant oxygen hood market for the past, present, and future. An extensive research approach was used to establish the market estimates that are presented in the study. Multiple research channels are used in the adopted research approach, including primary, secondary, and subject-related expert input. The market estimations are determined by taking into account the many economic, social, and political aspects that affect the infant oxygen hood market in addition to the current market trends. The market data is also defined by different laws, government expenditure, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes to the market.
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Market Segmentations:
By Material
- Acrylic Glass
- Polycarbonate
By Usage
- Disposable Hoods
- Reusable Hoods
By End User
- Hospitals & Clinics
- Research & Academic Institutes
Market Regional Analysis:
Geographically, the Infant Oxygen Hood market was led by North America, which also held the biggest revenue share in 2021. This region has grown because of the high rate of preterm births and the accessibility of cutting-edge medical facilities. On the other hand, the high rate of preterm birth has increased demand for new-born care goods such as oxygen hoods. The growth of the new-born oxygen hoods sector in North America can also be attributed to the accessibility of cutting-edge medical facilities. The United States has one of the highest rates of preterm births worldwide, at about 10.1%, according to the World Health Organization. One of the main factors contributing to babies’ respiratory distress is preterm birth.
The growing need for cutting-edge medical equipment is anticipated to create exceptional market prospects for baby oxygen hoods in the Asia Pacific area. growing understanding of the significance of new-born care in the area. Specialized new-born care facilities have risen in China and India due to significant investments in healthcare infrastructure and acceptance of cutting-edge medical technologies.
Key Market players:
Dragger, Faheem Ltd., Gale Med Corporation, GE Healthcare, GINEVRI SRL, Jorgen Kruse A/S, Jorgensen Labs., Meter Co., Ltd., Nat’s Medical Incorporated, nice Nanotech Medical Systems PVT. Ltd., Ningbo David Medical Device Co., Ltd., Oldie Medical, Phoenix Medical Systems (P) Ltd., Plastic-med Medical Ruler San. Tic. Ltd., S S Techno med (P) Ltd., Utah Medical Products, Inc., and Zhengzhou Disown Instrument among others
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