IMARC Group, a leading market research company, has recently releases report titled “Neonatal Ventilator Market Report by Type (Invasive, Non-Invasive), Mobility Type (Intensive Care Ventilators, Portable and Transportable Ventilators, and Others), Mode (Pressure Mode Ventilation, Combined Mode Ventilation, Volume Mode Ventilation, and Others), End User (Hospitals, Clinics), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big Is the Neonatal Ventilator Market?
The global neonatal ventilator market size reached US$ 423.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 699.7 Million by 2032, exhibiting a growth rate (CAGR) of 5.58% during 2024-2032.
Industry Overview of Neonatal Ventilator
Neonatal ventilators are an essential medical tool that aids in breathing for premature or critically sick infants suffering from respiratory complications marked by high airway resistance, increased respiratory rates, low lung compliance, and small breathing volumes. These devices comprise breathing circuits, humidifiers, gas-delivery systems, monitoring systems with alarms, and sources of oxygen and compressed air. By utilizing positive pressure, they enable gas exchange in the alveoli, assisting infants who can't breathe sufficiently on their own. Their critical role has been widely adopted in various healthcare settings, such as clinics, hospitals, and ambulatory surgical centers worldwide.
For an in-depth analysis, you can refer sample copy of the report : https://www.imarcgroup.com/neonatal-ventilator-market/requestsample
What are the growth prospects and trends in the neonatal ventilator industry?
The escalating neonatal mortality rates globally, caused by specific ailments, such as pneumonia, tetanus, diarrhea, and birth asphyxia, alongside an increase in premature births with severe respiratory complications, are significantly driving the neonatal ventilator market. This is further stimulated by a surge in the establishment of advanced neonatal intensive care units (NICUs) worldwide. Parental awareness of neonatal ventilators' advantages is also fueling the market's expansion.
The growing use of non-invasive ventilators in healthcare to alleviate hypercapnia and enhance oxygenation and dyspnea presents attractive investment opportunities. In addition to this, governments of numerous countries are implementing initiatives to combat respiratory disorders on a global scale.
The approval of new neonatal ventilator products by regulatory bodies, in line with these efforts, is also positively impacting the market. Rapid advancements in neonatal ventilator technology, including developments such as patient-triggered ventilation and ventricular tachycardia (VT) monitoring at the proximal airway, further strengthen market growth.
Leading Companies Operating in the Global Neonatal Ventilator Industry:
- 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
- Vyaire Medical Inc.
Neonatal Ventilator Market Report 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
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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