Neonatal Ventilators Market Size (Invasive Ventilation, Non-Invasive Ventilation) By Mobility (Intensive Care Ventilators, Portable Ventilators), By Technology (Mechanical Ventilators, High Frequency Ventilators, Volume Targeted Ventilators, Hybrid Ventilators), By Mode (Pressure Mode Ventilation, Combined Mode Ventilation, Volume Mode Ventilation), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers) By Region (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, Brazil, Mexico, South Africa, Saudi Arabia), Industry Trends, Market Estimation & Forecast, 2019 – 2025

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Neonatal Ventilators Market valued over USD 301.5 million in 2018 and is expected to witness 7.1% CAGR during the forecast period to reach a market value of USD 665.0 million by the end of 2025.
  • Market Overview

    Neonatal Ventilators Market valued over USD 301.5 million in 2018 and is expected to witness 7.1% CAGR during the forecast period to reach a market value of USD 665.0 million by the end of 2025.

    Neonatal ventilators market is positioned to witness lucrative expansion over the projection timeframe. Worldwide, increasing neonate mortality rate happens to be the major reason behind the need, and therefore, the demand for ventilators. Moreover, the growing number of preterm births, along with respiratory disorders, is and will be a prominent factor responsible for market growth. Furthermore, regular technological advancements in ventilator devices will be a prime reason for increasing adoption of various neonatal ventilators. Additionally, the surge in the birth rate in developing countries will play a major role in the uptake of neonatal ventilators.

    From the industry side, timely technological updates with regards to non-invasive procedures coupled with enhancements in invasive respiratory assistive systems will boost adoption in industrialized nations and top tier cities in emerging economies.

    In spite of numerous advantages of neonatal ventilators and the paramount role they play in the neonate survival procedure, their high cost hinders adoption rate in many big countries with low-income groups and inadequate healthcare support. The high-cost constraint is largely seen in regards to non-invasive ventilators, which are more effective compared to the invasive ones. Cost barrier will prove to a major roadblock in market expansion path over the forecast period. Moreover, lack of healthcare infrastructure, skilled practitioners, and low budget of healthcare facilities in resource-poor economies will hamper the smooth execution of neonatal ventilators resulting in subsequent poor demand.

    Product Market Overview

    The neonatal ventilator market is largely dominated by the invasive ventilators category in 2018 owing to the fact that it is still a mainstream choice for neonate care. In fact, the invasive neonatal ventilator market valued over USD 230 million in 2018 and is slated to experience a rapid growth rate over the projection timeframe due to their wide use in newborn intensive units and high frequency of use. Mechanical ventilators being the mainstream interface in an invasive category is most widely used worldwide. On the other hand, non-invasive neonatal ventilators are gaining ground because of their rapidly spreading popularity because of being less invasive compared to traditional options. A notable proportion of newborns with respiratory disorders in developing countries are subject to CPAP; however, it’s seen that almost 70% of total neonates in developed countries are subject to CPAP devices.

    With growing uptake in emerging nations, the non-invasive neonatal ventilators market is estimated to expand with CAGR of over 13% during the forecast period.  Technological improvements have resulted in the introduction of novel devices and instruments that will help cut down the risk associated with neonatal care and will elevate the efficiency of neonatal ventilation.

    Neonatal Ventilators Modality Overview

    Based on modality, the market is segmented into intensive care unit ventilators and portable neonatal ventilators. Intensive care ventilators market accounted for over USD 200 million by the end of 2018 and is forecast to grow at a robust rate in years to come. The rise in the number of preterm births will increase complications in infants. According to the World Health Organization (WHO), every passing year, around 15 million newborns across the world are born premature, and the trend will only continue in the future.

    Portable neonatal ventilators market is forecast to experience robust growth of over 12.5% during the projection timeframe. These ventilators are easy to carry at the desired location in emergencies. Being handy, easy to carry with the long battery life will result in increasing rapid adoption, thus augmenting the demand for portable neonatal ventilators.

    Neonatal Ventilators Technology Market Overview

    Mechanical ventilators market accounted for notable market share with a market value of over USD 100 million in 2018. Mechanical ventilators are regarded as a vital device in providing life support neonates with respiratory problems. High-frequency ventilators (HFV) market is poised to witness robust growth of over 13% CAGR from 2019 to 2025. Aforementioned ventilators are gaining a reputation for providing effective outcomes in intense clinical situations. HFV are perceived to be safe, effective, and less invasive for infants. According to industry expert insights, HFV will continue to improve and become a mainstream component in infant care in the near future, resulting in market growth.

    Regional Market Overview

    United States neonatal ventilators market held the largest market share in North America as well as a global industry. In 2018, U.S. neonatal ventilator market valued over USD 150 million, accounting for nearly 50% of global market value. Being the oldest market place and early adopter of modern technology, the market in this part of the world is most lucrative. Over the projection period, relatively low demand for neonatal ventilators is anticipated across the U.S owing to the fact that a large proportion of healthcare facilities has installed ventilators.

    On the other side of the world, China neonatal ventilators market is poised to expand at an exceptional rate due to high birth rates, healthcare sectors expansion, development of new facilities and the rising popularity of private clinics in tier 1 cities. A large unmet need for neonate care is waiting to be addressed by advanced ventilators. As a result, the market is expected to witness growth, especially in tier 1 cities of the country.

    Key Industry Participants

    CareFusion, Medtronic, GE Healthcare, Hamilton Medical, Smith Medical, Phillips Respironics, Drager Medical, ResMed, Breas Medical and MAQUET are major industry players operating in neonatal ventilators market. New technology-based products, geographic expansion, mergers, and acquisitions are some of the major strategies implemented by companies to gain market share

    • Market by product:
      • Invasive ventilators
      • Non-invasive ventilators
    • By Modality
      • Intensive care ventilators
      • Portable ventilators
    • By Technology
      • Mechanical Ventilators
      • High-Frequency Ventilators
      • Volume Targeted Ventilators
      • Hybrid Ventilators
    • By Mode
      • Pressure Mode Ventilation
      • Combined Mode Ventilation
      • Volume Mode Ventilation
    • By End-User
      • Hospitals
      • Clinical
      • Ambulatory centers
    • By region:
      • North America
        • The U.S.
        • Canada
        • Rest of North America
      • Europe
        • UK
        • France
        • Germany
        • Spain
        • Italy
        • Rest of Europe
      • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Australia
        • Rest of Asia Pacific
      • The Middle East and Africa
        • Saudi Arabia
        • South Africa
        • Rest of the Middle East and Africa
      • Latin America
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America

    Drivers:

    The rising number of birth rates in developing countries

    Increasing incidences of newborn respiratory problems

    Technological advancements in neonatal ventilators

    Restraints:

    Lack of clinical evidence in support of novel technology

    High cost associated with neonatal ventilators

    Opportunity:

    Huge untapped market potential in emerging economies

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  • Table of Content

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  • Neonatal Ventilators Market Key Players

    • CareFusion
    • Medtronic
    • GE Healthcare
    • Hamilton Medical
    • Smith Medical
    • Phillips Respironics
    • Drager Medical
    • ResMed
    • Breas Medical
    • MAQUET
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