Infant Oxygen Hood Market Overview:
Infant Oxygen Hood Market were estimated to be $12.5 million in US dollars in 2021. The market is expected to reach US$ 31 billion by 2031, according to AMR Group, with a compound annual growth rate (CAGR) of 9.5 percent from 2022 to 2031.
Medical equipment called infant oxygen hoods is used to treat respiratory problems in infants by giving them oxygen treatment. One of the most important medications for treating and preventing newborn hypoxia is oxygen. But using too much oxygen can cause major abnormalities that persist a long time. Essentially, these devices are intended to treat newborns who are born prematurely or with congenital respiratory problems. Hoses or tubes are used to connect oxygen hoods to the oxygen supply. One type of delivery hood is an oxygen hood, which is made up of a clear plastic shell that encloses the head of the baby. The common placement of oxygen hoods is on a neck ring, which enables them to grasp a gas-tight seal.
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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.
The main components of the study, including market segmentation, market outlook, competitive landscape, and company profiles, are the main emphasis of the entire document. The segments offer information from multiple angles, including end-use industry, product or service type, and any other pertinent segmentation based on the current state of the market, which encompasses multiple aspects to carry out more marketing activities. The market outlook section provides a thorough analysis of the factors that are directly influencing the market both now and in the future, including pricing, macroeconomic analysis, value chain analysis, Porter's Five Forces Framework, market evolution, growth drivers, opportunities, and challenges.
The impact of COVID-19
The firm has suffered as a result of the COVID-19 pandemic. The viral outbreak and the concomitant closures and limitations on non-essential enterprises caused a fall in the market for baby oxygen hoods. The market demand for baby oxygen hoods declined as a result of restrictions placed on hospitals and new-born care facilities, which forced them to either close entirely or reduce their capacity. This was made worse by the pandemic's effect on fewer medical treatments being carried out. The pandemic caused many procedures requiring the use of oxygen hood devices to be postponed or cancelled, which decreased demand for these equipment. However, once the limits were lifted, demand for these gadgets has begun to increase again. The need for medical operations has expanded concurrently with the reopening of hospitals and neonatal care facilities. In a similar vein, it is anticipated that demand for baby oxygen hoods would increase in the coming years.
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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 causes of neonatal respiratory distress is determined to be preterm delivery.
The increasing demand for cutting-edge medical gadgets is likely to give the Asia Pacific region with exceptional potential in the newborn oxygen hoods market. increasing understanding of the significance of newborn care in the area. There are now more specialized newborn care facilities in China and India due to significant investments in healthcare infrastructure and acceptance of cutting-edge medical technology. There is now more emphasis on early diagnosis and treatment due to parents' growing knowledge of the possible long-term repercussions of respiratory distress in neonates.
Top Leading Key Companies involved in this market are:
- Dragger
- Faheem Ltd.
- GE Healthcare
- GINEVRI SRL
- Jorgensen Labs.
- Meter Co., Ltd.
- Nat’s Medical Incorporated
- nice Noetic Medical Systems PVT. Ltd
- Ningbo David Medical Device Co., Ltd.
- Oldie Medical
- Phoenix Medical Systems (P) Ltd.
- Utah Medical Products, Inc.,
- among others
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