The Neonatal Ventilators Market to Hit $466.1 Million by 2025: Global Market Insights, Inc.
Global Neonatal Ventilator Market will surpass USD 466.1 million by 2025; according to a new research study published by Global Market Insights, Inc.
SELBYVILLE, Delaware, March 5, 2019 /PRNewswire/ -- The U.S. neonatal ventilator market is the largest in the world and is estimated to grow at a CAGR of 5.9% over the forecast period. U.S. being the pioneer and early adopter of various airway interface devices. During the forecast period, it will continue to grow with modest but steady growth and dominate the industry worldwide. Improving healthcare infrastructure, expanding and developing hospital sector, and increasing adoption of new devices to address appalling conditions of neonates suffering from respiratory problems should drive the Indian neonatal ventilators market during the projection years. With growing number of births in the country, the demand must grow in near future.
Global Neonatal Ventilator Market will surpass USD 466.1 million by 2025; according to a new research study published by Global Market Insights, Inc. Rising incidences of preterm births with respiratory disorders and mortality rates primarily drive the demand for various neonatal ventilators worldwide. Technological advancements in ventilators' design and function are resulting in rising adoption rate, especially in developed regions. Moreover, growing birth rate should augment market demand during projection years.
Inadequate infrastructure in developing and under-developed regions to support advanced ventilators proves to be growth hindering factor. Also, high prices of ventilators happen to hamper adoption rates in many economies across the globe. During the forecast timeframe, price constraint will continue to restrain industry growth.
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Non-invasive ventilation market was around USD 93.5 million in the year 2018. Steadily increasing acceptance of non-invasive systems will augment industry growth in coming 5-7 years. However, invasive systems will continue to be mainstream interface in many regions worldwide. Efforts by manufacturers and government institutions to minimize the prices of non-invasive ventilators should fuel industry growth. The need to use non-invasive interface for treating preterm birth neonates will prove to be high impact rendering factor on market growth of the same.
Intensive care ventilators market is estimated to grow at a robust CAGR of 6.9% over the forecast period. These ventilators provide oxygen to the infant lungs by generating positive pressure. Also, the intensive care ventilators provide safe, effective and lung protective ventilation to the smallest of preterm infants. Hence, the increase in number critically ill infants will foster the demand of ventilators in neonatal care units, fueling the market growth.
Browse key industry insights spread across 150 pages with 69 market data tables & 8 figures & charts from the report, "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 Centers) 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" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/neonatal-ventilators-market
High frequency ventilators market accounted for around USD 87.9 million in the year 2018. Various advantages such as higher levels of PEEP with conventional ventilation, smaller tidal volumes and fully coordinated volume-targeted conventional mechanical ventilatory modes will augment the demand and adoption rate of the device.
Volume mode ventilation market amounted a total revenue of USD 59.3 million in the year 2018. The volume mode ventilation is activated at a preset tidal volume and once that set volume is achieved, the ventilator will cycle off into exhalation. During a volume delivered breath, the doctor adjusts the amount of volume to be delivered to the patient. Ease of use and efficiency provided by volume mode ventilation will boost the demand and adoption rate of neonatal ventilators, augmenting the business growth.
The use of neonatal ventilators in clinics valued around USD 79.7 million in the year 2018. Growing popularity of clinics in developed countries will significantly contribute to demand for ventilators in this setting. Moreover, rapid adoption of advanced airway interfaces will augment market size over the projection years. With increase in number of clinics, the demand is anticipated to only increase in near future, especially in industrialized nations.
Some of the key industry players operating in global neonatal ventilator market are Medtronic Plc, GE Healthcare, CareFusion, HAMILTON MEDICAL, Phillips Respironics, Smith Medical, Breas Medical, Drager Medical, ResMed and MAQUET. The industry participants focus on new product developments, mergers and acquisitions and geographical expansion to increase their foothold in the market and gain competitive advantage.
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