Global Neonatal Ventilators Market 2019-2023

The neonatal ventilators market size will grow by USD 193.42 million during 2019-2023. The report offers an analysis of the market based on technology (invasive ventilators and noninvasive ventilators) and end-user (hospitals, clinics and maternity centers, ASCs, and others). The market research report further presents in-depth insights into the growth prospects of the market across geographic regions such as Asia, Europe, North America, and ROW. The report analyzes the market’s competitive landscape and offers information on several companies including BD, GE Healthcare, Koninklijke Philips, Medtronic, Schiller, and Smiths Group.

Below are some of the key findings from the neonatal ventilators market analysis:

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Global Neonatal Ventilators Industry Overview

Noninvasive ventilators eliminate the need for invasive artificial airways such as an endotracheal tube or a tracheostomy tube. Physicians extensively use these ventilators for the management of chronic and acute respiratory conditions such as pneumonia, acute respiratory disease, asthma, and chronic obstructive pulmonary disease. These ventilators are used both in home care and critical care units. These devices reduce infection risks, ensure faster recovery time and shorter hospital stays, increase patient compliance, and boost the survival rate by improving oxygenation and alveolar ventilation. Hence, increasing demand for noninvasive ventilators among developed and developing countries which will boost the growth of neonatal ventilators market during the forecast period. 

Increasing awareness about the availability of different types of neonatal ventilators such as noninvasive neonatal ventilators will drive the neonatal ventilators market to grow at a CAGR of almost 8% during the forecast period. Governments and private investors in many countries across the globe are introducing initiatives to encourage the development of high-efficiency new ventilators with reduced complication risk exposures due to increase in infant respiratory illnesses, neonate mortality rates, and preterm births.

Top companies covered in the neonatal ventilators market research report

The neonatal ventilators market is moderately fragmented. Market players are focusing on differentiating their products in terms of prices, quality, innovations, and regulations. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, the industry analysis report will help the clients to identify new growth opportunities and design innovative strategies to improve their share in the market.

The report offers a complete analysis of various companies including:

• BD
• GE Healthcare
• Koninklijke Philips
• Medtronic
• Schiller  
• Smiths Group

Neonatal ventilators market segmentation based on geographic regions

• Asia
• Europe
• North America
• ROW

North America will hold the highest market share throughout the forecast period.  The availability of extensive healthcare insurance coverage policies, increasing R&D expenditure of vendors, and high adoption of technologically advanced products are some of the major reasons for the high growth of the neonatal ventilators market in the region.

Neonatal ventilators market segmentation based on technology

• Invasive ventilators
• Noninvasive ventilators

The invasive ventilators segment will account for the highest share of the neonatal ventilators market because invasive ventilation using the tracheostomy mode is extensively used in neonates with parenchymal lungs, craniofacial malformations, congenital heart diseases, and severe developmental delay conditions. However, the noninvasive ventilators segment will witness the highest incremental growth over the forecast period.

Key highlights of the global neonatal ventilators market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the neonatal ventilators market during the next five years
• Precise estimation of the global neonatal ventilators market size and its contribution to the parent market
• Accurate predictions on upcoming neonatal ventilators market trends and changes in consumer behavior
• The growth of the industry across various geographies such as Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of companies 

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