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Neonatal Ventilators Market - By Product (Invasive, Non-Invasive Ventilation), Mobility (Intensive Care, Portable/Transportable), Technology (Mechanical, High Frequency, Hybrid), Mode (Pressure, Combined, Volume), End-use, Global Forecast (2023 – 2032)
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Neonatal Ventilators Market
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Base Year: 2022
Companies covered: 10
Tables & Figures: 280
Countries covered: 16
Pages: 190
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Neonatal Ventilators Market Size
Neonatal Ventilators Market size was valued at around USD 361.6 million in 2022 and is estimated to reach over USD 547.8 million by 2032. The Increasing number of newborn babies, the high mortality rate in developing economies, and technological advancements in neonatal ventilators among others is projected to boost the market progress.
For instance, as per the World Health Organization, an estimated 13.4 million babies were born preterm in 2020. This substantial rise in number of preterm births with respiratory disorders along with increasing neonatal mortality rates is set to drive the adoption of neonatal ventilators to provide breathing assistance, thereby fuelling the market growth.
Neonatal ventilators refer to specialized medical devices designed to provide mechanical respiratory support to newborn infants, particularly premature babies with respiratory problems. These ventilators are crucial for maintaining adequate oxygen levels, assisting with breathing, and supporting the respiratory development of neonates.
However, the high cost associated with neonatal ventilators may obstruct the segment revenue. The price range for neonatal ventilators can vary depending on various factors such as the brand, quality, technology, and additional features. For instance, neonatal ventilators cost around USD 15,000 to USD 20,000, while more advanced non-invasive models can cost significantly more. Furthermore, the lack of required infrastructure to operate ventilators in many emerging nations has been a concern.
COVID-19 Impact
The COVID-19 pandemic positively influenced the neonatal ventilators market revenue leading to a surge in the use of neonatal ventilators for COVID-19 neonatal patients around the world during the pandemic. The pandemic underscored the importance of neonatal care and the need to maintain the standard of care for neonates, even during a global health crisis. Neonatal ventilators remained crucial in managing respiratory conditions in newborns. Moreover, major market players invested in distributing and developing as many ventilators as possible across the globe, owing to the high demand for neonatal ventilators in many regions. As a result, the pandemic had a substantial positive impact on the market expansion.
Neonatal Ventilators Market Trends
Rising advancements in neonatal ventilators intended to improve the comfort, safety, and overall well-being of neonates suffering from respiratory disorders will spur business growth. Modern neonatal ventilators come equipped with unique features such as an advanced microprocessor, touchscreen interface, advanced monitoring, and non-invasive ventilation among others.
Neonatal Ventilators Market Analysis
Based on product, the market is segmented as invasive ventilation and non-invasive ventilation. The invasive ventilation segment held the dominant market share in 2022 and was valued at over USD 249.1 million. This dominant market share is attributable to the high frequency use of invasive systems such as mechanical ventilators in intensive care units.
Based on mobility, the neonatal ventilators market is segmented as intensive care ventilators and portable/transportable ventilators. The intensive care ventilators accounted for a dominant market share in 2022 and were valued at over USD 222.7 million. This highest market share is due to an increase in the number of preterm births leading to a rise in complications for infants.
Based on technology, the neonatal ventilators market is segmented into mechanical ventilators, high frequency ventilators, volume targeted ventilators, and hybrid ventilators. The high frequency ventilators segment held a significant market share in 2022 and was valued at around USD 109.1 million.
Based on mode, the neonatal ventilators market is segmented into pressure mode ventilation, combined mode ventilation, volume mode ventilation, and other modes. The combined mode ventilation segment held a dominant market share in 2022 and was valued at around USD 149 million.
Based on end-use, the neonatal ventilators market is segmented into hospitals, clinics, ambulatory surgical centers, and other end-users. The hospital segment is projected to reach more than USD 372 million by 2032. A significant proportion of births happen in hospital settings; thus, the demand for ventilators is highest.
The U.S. dominated the North America neonatal ventilators market with a significant market share in 2022 and is anticipated to expand at a considerable pace to reach around USD 201 million by 2032. This dominant market share is owing to an increase in awareness regarding infant safety, rising healthcare expenditure, adoption of advanced technologies, and a favourable regulatory environment among others.
Neonatal Ventilators Market Share
The neonatal ventilators industry is consolidated in nature, with major companies competing to offer superior neonatal ventilators in this business space. Prominent players such as Getinge Group hold a notable share in this market. These companies are diligently directing their efforts towards continuous product innovation to gain substantial company market share. For instance, Getinge received clearance from the U.S. FDA for several new software options for the Servo-u and Servo-n ventilators. This includes several new functionalities and options across all patient categories – adult, pediatric and neonatal.
Some of the major market players operating in the neonatal ventilators industry are:
Major market players are adopting strategic formulations such as forward integration, new product development, geographical expansion, and research collaborations to garner maximum industry share and promote company growth.
Neonatal ventilators Industry News:
Neonatal ventilators market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD (million) from 2018 to 2032 for the following segments:
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By Product, 2018 - 2032 (USD Million)
By Mobility, 2018 - 2032 (USD Million)
By Technology, 2018 - 2032 (USD Million)
By Mode, 2018 - 2032 (USD Million)
By End-use, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries: