IMARC Group, a leading market research company, has recently releases report titled “Neonatal Ventilator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global neonatal ventilator market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Neonatal Ventilator Market?
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.
A neonatal ventilator is a medical device that provides breathing support to ill and immature babies who are not capable of breathing on their own by using a constant flow of conditioned gas via the breathing circuit to produce a positive pressure. It offers breathing assistance to babies undergoing respiratory distress or failure after birth. It is also used to help babies who are born with underdeveloped lungs or a congenital condition that compromises their lung function. Furthermore, a neonatal ventilator is crucial for babies born with neonatal encephalopathy, neonatal apnea, and pulmonary diseases.
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What are the growth prospects and trends in the neonatal ventilator industry?
At present, the rising occurrence of respiratory distress syndrome, such as transient tachypnea and pneumonia in neonates, is propelling the growth of the market. Besides this, the wide availability of advanced mechanical ventilators, which provide audible alerts if obstruction or movement is seen in the tubes, is contributing to the growth of the market.
In addition, the growing construction of hospitals and nursing homes to provide quality healthcare facilities to patients is offering a favorable market outlook.
Apart from this, the increasing demand for portable neonatal ventilators, as they are equipped with proximal flow sensors to acquire precise measurements, is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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