Global Infant Oxygen Hoods Market to 2031: Rising Demand for Advanced Respiratory Treatments Drive Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Infant Oxygen Hoods Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031" report has been added to ResearchAndMarkets.com's offering.

This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

Companies Mentioned

• GE Healthcare
• Phoenix Medical Systems (P) Ltd.
• GaleMed Corporation
• Ningbo David Medical Device Co. Ltd. (David Medical)
• Drager
• Fanem
• GINEVRI SRL
• nice Neotech Medical Systems Pvt. Ltd.
• S STechnomed (P) Ltd.
• Olidef Medical
• Utah Medical Products Inc.
• Zhengzhou Dison Instrument and Meter Co. Ltd.

The global market for infant oxygen hoods is anticipated to expand at a rapid rate over the next few years, on account of the rising incidence of respiratory problems in infants and the rising demand for advanced respiratory treatments.

Parental awareness of the importance of proper respiratory care for infants is likely to contribute to market growth. In addition, a rise in the number of infants born prematurely and with congenital respiratory problems is anticipated to accelerate market growth in the near future.

Significant opportunities exist for market participants as the demand for effective respiratory care for newborns increases. To increase their market share, leading competitors are focusing on adopting advanced technologies.

Infant oxygen hoods are medical devices used to administer oxygen therapy to infants with respiratory problems. These devices are typically used to treat premature infants and those born with congenital respiratory problems. These devices are designed to fit over an infant's head and deliver an oxygen flow to facilitate breathing.

Typical construction materials include acrylic glass or polycarbonate, which are tough, stain-resistant, and simple to sterilize. Medical devices, such as neonatal oxygen hoods, oxygen hoods for infants, and oxygen hoods for newborns, are essential in neonatal care because they provide a precise flow of oxygen to the infant, thereby assisting with the management of respiratory issues and enhancing overall health.

Infant Prevalence of Respiratory Disorders on the Rise

An increase in the prevalence of respiratory disorders among infants is a key factor driving the global market for infant oxygen hoods. Respiratory problems are common in newborns, especially preterm infants and those born with congenital respiratory disorders. These conditions can range from mild to severe and necessitate a variety of treatments, including oxygen therapy.

According to a report published by the World Health Organization (WHO) in June 2019, respiratory problems are the leading cause of morbidity and mortality among newborns in low- and middle-income countries. The report estimates that approximately sixteen percent of neonatal deaths worldwide are attributable to respiratory problems. Premature infants are at an increased risk for respiratory issues, according to research.

Innovations in Technology

The market for infant oxygen hoods is driven by technological advances, which permit the creation of newer, more advanced devices that incorporate advanced technologies and materials. These developments have increased the safety and efficacy of infant oxygen hoods.

High Demand for Transparent, Translucent, and Lightweight Devices

In terms of material, polycarbonate dominated the global market for infant oxygen hoods in 2021. This is attributable to technological advancements, advantages, and an increase in new product launches.

Reusable Infant Oxygen Hoods Dominated the Market

In terms of usage, the segment of reusable infant oxygen hoods held the largest market share in 2022. Environmental safety and cost-effectiveness drive the segment. Hoods that are reusable are more environmentally friendly. This reduces waste in comparison to disposable devices.

Hospitals and Clinics are Dominant

In 2022, hospitals & clinics held a significant share of the global market in terms of end-user. Due to an increase in patients seeking treatment in hospitals and clinics, there is a high demand for medical equipment, including infant oxygen hoods. The utilization of infant oxygen hoods is well-trained among hospital and clinic personnel. Therefore, the segment's dominance in the industry can be attributed to a large budget and a large number of patients.

Market Segmentation

Material

• Acrylic Glass
• Polycarbonate
• Others

Usage

• Disposable Hoods
• Reusable Hoods

End-user

• Hospitals & Clinics
• Research & Academic Institutes
• Others

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Infant Oxygen Hoods market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2031.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Infant Oxygen Hoods market?
• Which is the largest regional market for Infant Oxygen Hoods market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Infant Oxygen Hoods market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Infant Oxygen Hoods market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/t3uulo

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