Neonatal Ventilator Market Size 2023 | Trends, Report, Industry Analysis 2028
The latest research study “Neonatal Ventilator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global neonatal ventilator market size reached US$ 397.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 582.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.39% during 2023-2028.
Neonatal ventilators are medical devices that provide mechanical assistance or artificial respiration to preterm and critically ill infants suffering from respiratory failure, high airway resistance, low-compliance lungs, small tidal volumes, and increased respiratory rates. They have breathing circuits, gas-delivery systems, humidification systems, monitors, associated alarms, and gas sources for oxygen (O2) and compressed air. They also facilitate alveolar gas exchange with positive pressure to inflate the lungs of an infant who is physically unable to breathe independently. As a result, neonatal ventilators are extensively used in hospitals, clinics, and ambulatory surgical centers across the globe.
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Neonatal Ventilator Market Trends and Drivers:
The market is primarily driven by the increasing prevalence of several illnesses, including pneumonia, diarrhea, tetanus, and birth asphyxia. Besides this, the growing number of preterm births with critical respiratory conditions is contributing to market growth. In addition, the rising awareness among parents about the benefits of neonatal ventilators and the development of enhanced neonatal intensive care unit (NICU) centers represents another major growth-inducing factor.
Moreover, the increasing utilization of non-invasive ventilators in the healthcare industry to reduce hypercapnia and enhance oxygenation and dyspnea is providing a thrust to the market growth. Apart from this, governments of various countries are undertaking initiatives to prevent and treat respiratory disorders, which is propelling market growth.
Furthermore, rapid technological developments in neonatal ventilators, such as the introduction of patient-triggered ventilation and ventricular tachycardia (VT) monitoring, are also creating a positive market outlook across the globe.
Global Neonatal Ventilator Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Neonatal Ventilator Companies:
Air Liquide Medical Systems India (Air Liquide S.A), Airon Corporation, Breas Medical AB (Shanghai Fosun Pharmaceutical Co. Ltd.), Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hamilton Medical AG (Hamilton Bonaduz AG), Inspiration Healthcare Group plc, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, ResMed and Vyaire Medical Inc.
The report has segmented the market on the basis of region, type, mobility type, mode and end user.
Breakup by Type:
- Invasive
- Non-Invasive
Breakup by Mobility Type:
- Intensive Care Ventilators
- Portable and Transportable Ventilators
- Others
Breakup by Mode:
- Pressure Mode Ventilation
- Combined Mode Ventilation
- Volume Mode Ventilation
- Others
Breakup by End User:
- Hospitals
- Clinics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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