Neonatal Ventilator Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017 - 2025 includes market share, market research report, market trade, market prices, market geography trend and market forecast
The Global Neonatal market will witness substantial growth due to increasing preterm birth rate and rising infant mortality in developing economies. A ventilator is a machine designed to move breathable air in and out of the lungs, to provide breathing for a patient who is physically unable to breathe.
While modern ventilators are computerized machines, in which patients can be ventilated with a simple, hand-operated bag valve mask. Ventilators are chiefly used in intensive care medicine, home care, and as standalone units.
In terms of revenue, the Global Neonatal Ventilator Market was valued at US$ 264.5 Mn in 2016 and is expected to reach US$ 467.8 Mn by 2025, expanding at a CAGR of 6.6% from 2017 to 2025.
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The Global Neonatal Market is enhanced by factors such as:
- Growing prevalence of respiratory diseases.
- Increasing number of preterm births.
- Growing elderly population.
The intensive care ventilators segment are the most widely used type of ventilators and hold a substantial part of the Neonatal Ventilator Market share. However, portable/transportable ventilator segment was reported to be the fastest growing segment, owing to technological innovation and shifting trends to home care ventilation.
Among various interface types, the non-invasive ventilators are specifically designed for critically ill patients suffering from respiratory failure, congestive cardiac failure, and newborn infants. The non-invasive mechanical ventilators market share is expected to grow at a rapid pace because of patients’ convenience, less side effects along with faster recovery provided by these ventilators.
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In terms of various end users, hospitals will account for the largest revenue share. Increasing prevalence of lung and heart diseases coupled with growing number of hospitals with ventilator facility at low cost will drive the segments growth.
When it comes to various geographies studied in this market intelligence, North America is the largest market for ventilators, followed by Europe. Asia-Pacific possesses lucrative growth potential for the Global Neonatal Ventilator Market during the forecast period.
The mounting geriatric population, increasing per capita income, growing investments in the healthcare industry by key market players, huge demand for cutting-edge technologies, and extension of private hospitals in rural areas are the major factors driving the growth of the global market in this region.
Furthermore, China will expand at a rapid growth rate over the forecast period pertaining to emerging economy, growing number of intensive care units and rise in the awareness of advanced solutions. India is expected to grow at a substantial rate due to improved healthcare infrastructure, increase in per capita income and a rise in government initiatives to develop the healthcare sector.
Some of the significant players functioning in the Global Neonatal Ventilator Market include ACUTRONIC Medical Systems AG, Airon Corporation, Becton, Dickinson and Company, Bio-Med Devices, Drägerwerk AG & Co. KGaA, Fisher and Paykel Healthcare Limited, GE Healthcare, Getinge AB, Hamilton Medical, Koninklijke Philips N.V., MEDTRONIC, Nihon Kohden Corporation, Sechrist Industries Inc., Smiths Medical, Vyaire Medical, and so on.
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