Fact.MR – A Market Research and Competitive Intelligence Provider: The global neonatal ventilator market is projected to grow at a healthy 5.6% CAGR during the forecast period from 2018 to 2028.
Neonatal Ventilator Market to Surpass US$ 440 Mn with Increasing Preterm Births Worldwide
In its latest report, Fact.MR presents an extensive analysis of various aspects of the global neonatal ventilator market across leading segments, such as product type, end-user, modality, and region. In addition, it provides quantitative analysis of the growth drivers, restraints, opportunities, and latest trends.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global neonatal ventilator market is projected to grow at a healthy 5.6% CAGR during the forecast period from 2018 to 2028. The replacement of conventional medical technologies, such as surfactant therapy to save neonates from breathing issues is set to drive the market in the upcoming years.
Neonatal ventilators are devices used in medical settings to provide mechanical assistance to infants in exchange for carbon dioxide and oxygen. Also known as artificial respiration, these devices are designed to provide breathing assistance to infants by facilitating breathable air into and out of the lungs.
As per Fact.MR, increasing cases of preterm births are one of the major factors expected to propel the demand for neonatal ventilators over the forecast period. Various complications associated with preterm births include poor feeding, immature lungs, slow weight gain, and heart problems.
According to the World Health Organization (WHO), approximately 15 million babies are born preterm every year. In addition, preterm birth complications are considered to be the leading cause of death among children below the age of 5 years.
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“Neonatal ventilators are anticipated to improve the infant survival quotient through the administration of antepartum corticosteroids. Besides, increasing awareness campaigns held by governments to educate the general public about preterm births is also expected to drive the market,” says a Fact.MR analyst.
Key Takeaways:
- Based on product type, the invasive neonatal ventilator segment is expected to dominate the market in terms of share.
- Non-invasive ventilator segment is set to hold the second largest share as it is easily movable in hospitals and home care settings.
- In terms of end-user, the hospitals segment is anticipated to generate the lion’s share on the back of the increasing number of births happening in this setting.
- By region, Asia Pacific is likely to account for the largest share in the near future on the back of the increasing cases of preterm births across China and India.
- North America is projected to generate the second-largest market share owing to the rising prevalence of respiratory diseases in the U.S.
Growth Drivers:
- Increasing investment by governments to improve the preterm birth care, introduce new neonatal ventilators, and facilitate development of NICUs is set to drive the market.
- Rising mortality rate of neonates is anticipated to propel the adoption of neonatal ventilators over the forthcoming years.
- Ongoing development of well-equipped NICU centers and launch of innovative non-invasive ventilators are estimated to augment the growth in the global market.
Restraints:
- High risk of lung injuries because of the excess tidal volume and airway pressure may limit the growth in the global market.
- Increasing prevalence of bronchopulmonary dysplasia owing to respiratory failures is likely to hinder the sales of neonatal ventilators.
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Competitive Landscape
Key players operating in the neonatal ventilator market are striving to gain a competitive edge by launching state-of-the-art products. Meanwhile, some of the other players are focusing on acquisitions, collaborations, joint ventures, and research & development activities to cater to the high demand from customers and strengthen their positions.
For instance,
- November 2021: aXcent medical GmbH, a medical technology provider based in Germany, exhibited its premium non-invasive turbine driven ventilator at MEDICA 2021. The company also presented a fully electronic anesthesia workstation called APUS x3. It has a user-friendly interface design and provides every ventilation mode suitable for adult, pediatric, and neonate patients.
- May 2021: Medtronic plc, an Ireland-based medical device company launched SonarMed™ airway monitoring system. It features the acoustic technology to verify position in real-time and check for Endotracheal Tube (ETT) obstruction in neonates. This new product is expected to reduce the number of x-rays performed in hospitals.
- January 2020: Drägerwerk AG, a renowned manufacturer of breathing equipment headquartered in Germany, revealed an anesthesia workstation and ICU ventilators at the Arab Health 2020, Dubai. The company’s Evita ventilators are equipped with an intuitive menu to provide access to both the clinical data and settings. These can also operate smoothly even under stressful situations.
Key Players in the Neonatal Ventilator Market Include:
- Hamilton Medical AG
- Smiths Group Plc.
- Carl Reiner GmbH
- Vyaire Medical Inc.
- Getinge AB
- Fritz Stephan GmbH
- Draegerwerk AG & Co. KGaA
- Medtronic Plc.
- Inspiration Healthcare Group Plc.
- General Electric Company (GE Healthcare)
More Valuable Insights on Neonatal Ventilator Market
Fact.MR provides an unbiased analysis of the neonatal ventilator market, presenting historical demand data (2012-2017) and forecast statistics for the period from 2018-2028. The study divulges compelling insights on the global neonatal ventilator market with a detailed segmentation on the basis of:
Product Type
- Invasive Neonatal Ventilator
- Non-Invasive Neonatal Ventilator
- Hybrid Neonatal Ventilator
End-user
- Hospitals
- Neonatal Clinics
- Nursing Homes
- Other End-user
Modality
- Portable Devices
- Transportable Devices
- Standalone Devices
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Key Questions Covered in Neonatal Ventilator Market Report
- The report offers insight into the neonatal ventilator market demand outlook for 2018-2028.
- The market study also highlights projected sales growth for neonatal ventilator market between 2018 and 2028.
- Neonatal ventilator market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Neonatal ventilator market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR’s Coverage on the Healthcare Domain –
Neonatal Monitoring Equipment Market Scope - Neonatal monitoring equipment manufacturers’ increased interest in providing technologically integrated and high-end solutions reflects the healthcare industry’s shift toward value-based care. New neonatal monitoring equipment manufacturers’ innovative technology solutions, combined with their appealing price, have prompted large corporations to broaden their product line to satisfy the needs of neonatal intensive care units (NICUs). Medtronic Plc, Natus Medical, Inc., Koninklijke Philips NV, and others are modernising their portfolios to make them more cost-effective, preserve the hospital-to-home point-of-care (PoC) continuum, and incorporate value-added services.
High Frequency Ventilators Market Forecast - The lungs of premature babies are undeveloped. They require breathing assistance since they are unable to breathe on their own. Preterm birth rates are rising each year as a result of a variety of circumstances, and this factor is projected to drive the worldwide high frequency ventilators market throughout the forecast period. Different types of high frequency ventilators provide ventilation at various breathing rates, allowing for more effective treatment. Several clinical trials involving the use of high frequency ventilators in the treatment of acute respiratory distress syndrome (ARDS) are now underway, with promising results.
Medical Ventilators Market Analysis - In recent years, the rising prevalence of chronic respiratory and cardiac diseases has boosted demand for medical ventilators. Significant technological breakthroughs, such as the introduction of microprocessor-controlled ventilation, will be required for future development. Furthermore, as the prevalence of chronic obstructive pulmonary disease (COPD) and asthma rises, so will the need of medical ventilators. The United States is expected to become one of the most promising markets for medical ventilators.
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