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Report Predicts Growth in Neonatal Ventilators Market- $466.1 Mn by 2025

Author : Rahul Sankrityayan | Published Date : 2019-04-16 

The Neonatal Ventilators Market is set to exceed 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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A succinct outline of the product spectrum of neonatal ventilators market

Neonates, as a matter of fact, are delicate beings, and their tiny size further adds to the challenge of how ventilation could be used for supporting their respiration process, thus expanding the scope of neonatal ventilators market. Subject to the prevalence of incredible research and development programs, in tandem with numerous technological developments that are regularly upgraded, neonatal ventilators industry has indeed been observing remarkable momentum. As per research, invasive or mechanical ventilators have exhibited a much greater rate of success than non-invasive ones.

However, invasive neonatal ventilators market is more established in developed countries while in regions lacking in medical resources and advanced healthcare, continuous positive airway pressure (CPAP) and other non-invasive neonatal ventilators have observed greater sales. In consequence, this has had a commendable impact on the commercialization potential of non-invasive based neonatal ventilators market share from the emerging economies.

Speaking of mechanical ventilation, it has been observed that subjecting tiny preterm babies or even normal infants to the process of invasive ventilation can often turn out to be challenging due to their size and difference of organ behaviour between babies and adults. Also, research bears testimony to the fact that invasive neonatal ventilators can cause severe side effects that can last a lifetime. 

On the contrary, non-invasive ventilators have no such side-effects and when administered on time by medically trained professionals, it has proven to be as effective as the mechanical ventilators, which has further stimulated the sales graph of non-invasive based neonatal ventilators industry. Studies indicate that while invasive neonatal ventilators industry will capture mainstream prominence in developed countries, the non-invasive business space will witness a 6% CAGR over 2017-2024, driven by extensive product adoption in developing countries.

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 Neonatal Ventilators Market 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.

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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.
 
Some of the key industry players operating in global neonatal ventilators 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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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