“Global Neonatal Ventilator Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global neonatal ventilator market report has been segmented on the basis of product, mobility, technology, end user, and region.
Global Neonatal Ventilator Market: Overview
Prematurity kills one child every 30 seconds and affects around 10% of pregnancies worldwide. A neonatal ventilator is medical devices that help in providing proper ventilation to the premature and newborns infants. A neonatal ventilator is non-invasive ventilators that have various benefits such as the convenient un-delayed change between various ventilation modes, high-frequency ventilation HFOV, etc. that supports in uninterrupted medication.
Global Neonatal Ventilator Market: Dynamics
Major factors expected to increase demand for neonatal ventilator are rising incidences of chronic diseases across the globe and increasing number of surgical inpatient in hospitals and clinics. In addition, rapid technological advancements related to medical devices in developing countries and favorable government policies are among other factors expected to support market growth.
Moreover, an increasing number of premature birth cases across the globe is resulting in demand for the neonatal ventilator that provides non-invasive ventilation is another factor expected to boost the growth of the global market. According to the US National Library of Medicine, in 2018 the preterm birth rate is estimated at around 10% worldwide.
However, high product price and stringent government regulations related to product approval are major factors expected to hamper growth of the global neonatal ventilator market. In addition, lack of supporting infrastructure in developing countries is another factor expected to challenge market growth.
Increasing investment for technological advancements, R&D activities, and development of advanced product with compact design and required standards are expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, growing merger and acquisition activities between regional and international players for the development of innovative products is expected to further support market growth.
Global Neonatal Ventilator Market: Region
The market in North America is expected to dominate in the global neonatal ventilator market and is expected to continue its dominance over the forecast period. This can be attributed to well-developed healthcare infrastructure in order to facilitate the adoption of neonatal ventilator and the presence of major players operating in the countries in this region. In addition, rising incidences of premature babies and the availability of favorable government policies are some other factors expected to support market growth in this region. According to the US Department of Health & Human Services, during 2014–2016, the preterm birth rate rose by 3% in the US from 9.57% in 2014 to 9.63% in 2015 to 9.85% in 2016
The market in Asia Pacific is expected to witness faster growth owing to increasing government spending on the development of healthcare infrastructure and developing regulatory standards related to medical devices, and the presence of prominent players operating in emerging economies in this region. In addition, increasing presence of major manufacturers due to the easy availability of raw materials and low-cost labor and approach towards providing low-cost medical devices are among other factors expected to support market growth in this region to a certain extent.
Global Neonatal Ventilator Market Segmentation
Segmentation by product
- Invasive Ventilation
- Non-Invasive Ventilation
Segmentation by mobility
- Intensive Care Ventilators
- Portable/Transportable Ventilators
Segmentation by technology
- Mechanical Ventilators
- High Frequency Ventilators
- Volume Targeted Ventilators
- Hybrid Ventilators
Segmentation by end-use
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Medtronic Plc.
- GE Healthcare Inc.
- CareFusion Corporation
- Hamilton Medical AG
- Philips Respironics GK
- Smiths Medical, Inc.
- Breas Medical AB
- Draeger Medical, Inc.
- ResMed Inc.
- MAQUET GmbH
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