November 18, 2021
According to the research report titled ‘Neonatal Ventilators Market Size By Product (Invasive Ventilation, Non-Invasive Ventilation) By Mobility (Intensive Care Ventilators, Portable/Transportable 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 Centres) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, South Korea, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, global neonatal ventilators market is anticipated to amass USD 466.1 million by the year 2025.
Increasing number of preterm births and rising prevalence of neonatal respiratory malfunctions are the factors propelling the growth of global neonatal ventilators market. In addition, technological advancements related to neonates airway interfaces and improving healthcare indicators are augmenting the industry outlook.
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On the contrary, shortage of required infrastructure for the installation of these ventilators in developing countries, lack of clinical evidence to support this technology, along with high cost of neonatal ventilators are likely to hamper market progression.
By product, invasive ventilation segment is projected to register a CAGR of 7% over 2019-2025 as they are used in specific respiratory conditions. Being traditional, they are also easily available and affordable.
Based on mobility, portable/transportable ventilators segment accumulated USD 114.4 million in 2018 and is slated to amass notable gains over the study period, owing to latest technological advancements to make the ventilator easy to use and portable.
In terms of technology gamut of global neonatal ventilators market, volume targeted ventilators segment is anticipated to register a growth rate of 6.7% over the stipulated timeline, as emergence of advanced ventilation is helping professionals to increase the effectiveness in neonatal care.
With respect to end user ambit, ambulatory surgical centers segment share is anticipated to amplify substantially over 2019-2025, owing to rising popularity of this setting in developed countries, and increase in the number of these centers.
Regionally speaking, Canada market is projected to grow at a rate of 6.5 % over 2019-2025, owing to advanced healthcare infrastructure in the nation which facilitates efficient operation of neonatal ventilators.
Meanwhile, Brazil market was worth USD 11.6 million in 2018 and is poised to showcase lucrative growth trends over the estimated timeline, owing to improved economic status of the citizens, along with enhanced healthcare indicators in the country.
Key players operating in global neonatal ventilators market are Smiths Medical, Inc., ResMed, Inc., Medtronic plc, Maquet Getinge Group, Koninklije Philips N.V., Hamilton Medical AG, GE Healthcare, Dragerwerk AG & Co. KGaA, Breas Medical AB, Becton, Dickinson and Company, and Air Liquide S.A.