Global Neonatal Ventilators Market, By Product (Invasive Ventilation, Non-Invasive Ventilation, Hybrid Ventilation), Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), Technology (Mechanical Ventilators, High Frequency Ventilators, Volume Targeted Ventilators, Hybrid Ventilators), End Use (Hospitals, Nursing Homes, Clinics, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of the Middle East and Africa) – Industry Trends and Forecast to 2030.
Neonatal Ventilators Market Analysis and Size
Major factor that is expected to boost the growth of the neonatal ventilators market in the forecast period is the rise in neonate mortality rates. Furthermore, the growing number of preterm births with respiratory conditions is further anticipated to propel the growth of the neonatal ventilators market. Moreover, the technical advancements in neonatal ventilators are further estimated to cushion the growth of the neonatal ventilators market. On the other hand, the growing cost of neonatal ventilators is further projected to impede the growth of the neonatal ventilators market in the timeline period.
Data Bridge Market Research analyses that the global neonatal ventilators market which was USD 399.23 million in 2022, would rocket up to USD 673.23 million by 2030, and is expected to undergo a CAGR of 6.75% during the forecast period. This indicates that the market value. “Intensive care ventilators” dominate the mobility segment of the neonatal ventilators market owing to rising demand for intensive care for neonatal. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Neonatal Ventilators Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Invasive Ventilation, Non-Invasive Ventilation, Hybrid Ventilation), Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), Technology (Mechanical Ventilators, High Frequency Ventilators, Volume Targeted Ventilators, Hybrid Ventilators), End Use (Hospitals, Nursing Homes, Clinics, Ambulatory Surgical Centers, Others)
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Countries Covered
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U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa
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Market Players Covered
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Air Liquide (France), VYAIRE (U.S.), Hamilton Medical (Switzerland), Breas Medical (Sweden), Drägerwerk AG & Co. KGaA (Germany), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands0, Getinge AB (Sweden), ResMed (U.S.), Smiths Medical, Inc. (U.S.), Fisher & Paykel Healthcare Limited. (New Zealand), Asahi Kasei Medical Co., Ltd. (Japan), Sechrist (U.S.), Allied Healthcare Products, Inc. (U.S.), NIHON KOHDEN CORPORATION (Japan), Airon Corporation (U.S.), and SCHILLER (Switzerland)
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Market Opportunities
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Market Definition
A ventilator is referred to as a medical device that is regularly utilized in medical settings to offer mechanical assistance in exchange for oxygen and carbon dioxide. This procedure is also referred to as artificial respiration. It is a machine that is designed to enable breathable air into and out of the lungs to offer breathing assistance for a patient who is physically unable to breathe or is breathing inadequately. Ventilators utilized for treating neonates are known as neonatal ventilators.
Global Neonatal Ventilators Market Dynamics
Drivers
- Rising Preterm Birth Rates
The increasing incidence of preterm births, which often require respiratory support, is a significant driver for the neonatal ventilators market. Preterm infants often have underdeveloped lungs and may need mechanical ventilation to survive and grow.
- Advancements in Neonatal Care
Continuous advancements in neonatal care, including improved ventilator technologies, such as high-frequency oscillatory ventilation and non-invasive ventilation, are driving the demand for neonatal ventilators. These technologies improve patient outcomes and reduce the risk of complications.
- Growing NICU (Neonatal Intensive Care Unit) Infrastructure
The expansion and improvement of neonatal intensive care units (NICUs) in hospitals and healthcare facilities around the world are driving the demand for neonatal ventilators. These units are equipped with advanced medical equipment, including ventilators, to provide critical care to neonates.
- Increasing Awareness and Education
The growing awareness about the importance of neonatal care and the need for respiratory support in premature infants is driving market growth. Healthcare professionals and parents are increasingly educated about the benefits of neonatal ventilators in improving infant health and survival rates.
Opportunities
- Remote Monitoring and Telemedicine
The integration of neonatal ventilators with remote monitoring and telemedicine solutions can enhance patient care and support healthcare providers in remote or underserved areas. This opportunity aligns with the broader trend of digital health and telemedicine in healthcare.
- Technological Advancements
Continuous innovation and technological advancements in neonatal ventilator design and functionality present a significant opportunity. Companies can develop more user-friendly, efficient, and safer devices to cater to the evolving needs of neonatal care units.
Restraints
- High Cost of Neonatal Ventilators
Neonatal ventilators are sophisticated medical devices with advanced technology, making them relatively expensive. The high cost can be a significant restraint for healthcare facilities, particularly in lower-income regions.
- Limited Availability of Skilled Healthcare Professionals
The operation and maintenance of neonatal ventilators require skilled healthcare professionals. The shortage of adequately trained staff in some healthcare settings can limit the use of these devices effectively.
Challenges
- Difficulty in Controlling Infection Spread
In neonatal intensive care units (NICUs), infection control is of paramount importance due to the vulnerability of neonates. Neonatal ventilators and associated equipment must be meticulously maintained and sanitized to prevent healthcare-associated infections, which can be challenging.
- Limited Access in Low-Income Regions
Many low-income and underserved regions face challenges in acquiring and maintaining neonatal ventilators due to financial constraints, inadequate healthcare infrastructure, and a shortage of skilled medical professionals. This limits access to critical neonatal care.
This global neonatal ventilators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global neonatal ventilators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In May 2022, Max Ventilator launched multifunctional NIV ventilators with inbuilt oxygen therapy and a humidifier. It can be used for neonatal care as well as adult care
- In Sept 2022, 4moms, the makers of innovative baby gear, partnered with Project Sweet Peas, a national non-profit that supports NICUs and NICU families, to recognize the amazing contributions of hard-working NICU nurses nationwide
Global Neonatal Ventilators Market Scope
The global neonatal ventilators market is segmented on the basis of product, mobility, technology and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Invasive ventilation
- Non-invasive ventilation
- Hybrid ventilation
Mobility
- Intensive care ventilators
- High-end ICU ventilator
- Mid-end ICU ventilator
- Basic ICU ventilators
- Portable/transportable ventilators
Technology
- Mechanical ventilators
- High frequency ventilators
- Volume targeted ventilators
- Hybrid ventilators
End User
- Hospitals
- Nursing homes
- Clinics
- Ambulatory surgical centers
- Others
Global Neonatal Ventilators Market Regional Analysis/Insights
The global neonatal ventilators market is analysed and market size insights and trends are provided by country, product, mobility, technology and end user as referenced above.
The countries covered in the global neonatal ventilators market report are U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa.
North America dominates the neonatal ventilators market due to the rising awareness and growing government expenses in the healthcare industry. Furthermore, the rising adoption of advanced neonatal ventilation technology for emergency as well as regular use and the growing demand for advanced healthcare facilities will further boost the growth of the neonatal ventilators market in the region during the forecast period.
Asia-Pacific is projected to observe a significant amount of growth in the neonatal ventilators market due to the rise in disposable income. Moreover, the growing untapped clinical needs of the patients is further anticipated to grow in the neonatal ventilators market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global neonatal ventilators market also provides you with a detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for the neonatal ventilators market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global neonatal ventilators market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Neonatal Ventilators Market Share Analysis
The global neonatal ventilators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global neonatal ventilators market.
Some of the major players operating in the global neonatal ventilators market are:
- Air Liquide (France)
- VYAIRE (U.S.)
- Hamilton Medical (Switzerland)
- Breas Medical (Sweden)
- Drägerwerk AG & Co. KGaA (Germany)
- General Electric Company (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Getinge AB (Sweden)
- ResMed (U.S.)
- Smiths Medical, Inc. (U.S.)
- Fisher & Paykel Healthcare Limited. (New Zealand)
- Asahi Kasei Medical Co., Ltd. (Japan)
- Sechrist (U.S.)
- Allied Healthcare Products, Inc. (U.S.)
- NIHON KOHDEN CORPORATION (Japan)
- Airon Corporation (U.S.)
- SCHILLER (Switzerland)
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