Neonatal Ventilators Market Snapshot
| Study Period: | 2019-2027 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 6.8 % |
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Market Overview
The neonatal ventilators market is projected to register a CAGR 6.8% during the forecast period.
The outbreak of COVID-19 impacted the neonatal ventilators market significantly. The disease has disrupted supply chain of medical devices including neonatal ventilators. However, there has also been a positive impact and increased in demand for intensive care equipment including beds and ventilators for neonates and adults and personal protective equipment for healthcare. The demand for neonatal ventilators has witnessed a significant growth during COVID-19 pandemic due to surge in implementation of neonatal ventilators to COVID-19 infected patients, across the globe. Several industry players including GE Healthcare, Getinge AB, Medtronic, Hamilton Medical, and ICU Medical are investing in the development and distribution of as many ventilators as possible across the globe owing to lack of neonatal ventilators in many countries.
Government initiatives to control the rising death incidents among babies has been driving the neonatal ventilators market. As per the World Health Organization data published in 2018, preterm birth complications are one of the leading causes of death among children under 5 years of age, responsible for approximately 1 million deaths every year. According to the Centers for Disease Control and Prevention (CDC), preterm birth affected 1 of every 10 infants born in the United States in 2020 and these babies are at the higher risk of death and disability. These babies require specialized care. Hence, demand for neonatal ventilator is expected to grow exponentially.
With the rising cases of newborns, the demand for this equipment is also projected to increase in the near future. Neonatal ventilator has been observed to have increasing demand in middle-income countries, as birth rates in these countries are higher, and the priority for improved fetal & neonatal care is high in these countries.
Constant technological advancements such as patient-triggered ventilation and VT monitoring at the proximal airway are further spurring the market growth. As a result, sales of the neonatal ventilator are expected to flourish at a rapid rate. However, high cost associated with the ventilators may hamper the demand for neonatal ventilators market.
Scope of the Report
As per the scope of the report, neonatal ventilators are artificial ventilation supporting devices developed for their usage on neonates. These ventilators are designed to offer artificial gas support to neonates in the form of gas delivery and gas extraction of oxygen and carbon dioxide respectively. The Neonatal Ventilators Market is Segmented by Product (Invasive Ventilation, Non-invasive Ventilation), by Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators, Others), By Mode (Pressure Mode Ventilation, Combined Mode Ventilation, Volume Mode Ventilation, Others), By End User (Hospitals, Ambulatory Surgery Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).
The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Product | |
| Invasive ventilation | |
| Non-invasive ventilation |
| By Mobility | |
| Intensive Care Ventilators | |
| Portable/Transportable Ventilators | |
| Others |
| By Mode | |
| Pressure Mode Ventilation | |
| Combined Mode Ventilation | |
| Volume Mode Ventilation | |
| Others |
| End User | |
| Hospital | |
| Ambulatory Surgical Centers | |
| Others |
| Geography | ||||||||
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Key Market Trends
Portable Neonatal Ventilators Dominates the Market and is Expected to Maintain it's Dominance During the Forecast Period
Portable neonatal ventilator is expected to dominate the global neonatal ventilators market through the forecast period. This can be attributed to rising adoption of these ventilators due to a proximal flow sensor for precise measurements, intellitrig leak compensation, and ease of use. The transport of neonates within the hospital setting is a common event that exposes patients to risks normally not encountered in the stationary environment. As per the study of neonatal transports conducted by NICU, almost 43.8% of neonates suffer from respiratory disorders needs ventilation support during transport, which can be eliminated by the portable neonatal ventilators.
The device will transform ventilatory care through its small size, portability, ease of use, versatility and extended battery life. By costing as little as a one third of other ICU ventilators and offering both invasive and noninvasive capabilities, the device is ideally suited, no matter what their location or severity. These factors expected to drive the segment’s market.
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North America Contributed the Highest Share in the Global Neonatal Ventilators Market
North America is expected to dominate the overall neonatal ventilators market throughout the forecast period. Factors such as high purchasing power, technological advancements in the field, and government initiatives regarding infant safety such as “United Nations’ Millennium Development Goal” have contributed to the growth of the market in the North America region. The value-based healthcare model has led to the development of well-equipped NICU centers along with increasing number of approvals for these devices from the FDA, thereby contributing to the market growth.
North America is followed by Asia Pacific which is anticipated to witness a lucrative growth over the forecast period. The market in this region is primarily driven by an increase in birth rate and rising cases of pre-term birth in countries like China and India. Infrastructural development and improved healthcare policies promoting better care provision are also the prime factors contributing to the market growth in this region.
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Competitive Landscape
The major players include companies such as Drägerwerk AG & Co. KGaA, GENERAL ELECTRIC COMPANY, Getinge AB, Hamilton Medical, Koninklijke Philips N.V., Medtronic, ResMed, ICU Medical, VYAIRE, Fosun Pharma, and Air Liquide Medical Systems India.
These companies are actively involved in product innovations and technological advancements, to ensure better recognition, push product sales, and meet the increasing demand duirng and after pandemic. For example, in May 2020, Mahindra and Mahindra launched ventilators for the treatment of Covid-19 infected patients in India. With scarcity of equipment in countries and growing patient numbers during pandemic, Mahindra and Mahindra invested to develop their own device in country.
Major Players
Recent Development
- In January 2022, ICU Medical completed the acquistion of Smiths Medical. This acqusition helped ICU to expand it's product portfolio in intesive care department including addition of syringe and ambulatory pumps, peripheral IV catheters, and respiratory equipments.
- In October 2021, Movair launched Luisa, a portable and life supporting ventilator with high-flow oxygen therapy in the United States. The device can be used in homes, hospitals, or in institutions.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Target Diseases
4.2.2 Rising Cases of Pre-mature Birth
4.2.3 Technological Advancements in Neonatal Ventilators
4.3 Market Restraints
4.3.1 High Cost Associated with Neonatal Ventilators
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Invasive ventilation
5.1.2 Non-invasive ventilation
5.2 By Mobility
5.2.1 Intensive Care Ventilators
5.2.2 Portable/Transportable Ventilators
5.2.3 Others
5.3 By Mode
5.3.1 Pressure Mode Ventilation
5.3.2 Combined Mode Ventilation
5.3.3 Volume Mode Ventilation
5.3.4 Others
5.4 End User
5.4.1 Hospital
5.4.2 Ambulatory Surgical Centers
5.4.3 Others
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle-East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle-East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Air Liquide Medical Systems India
6.1.2 Fosun Pharma
6.1.3 Drgerwerk AG & Co. KGaA
6.1.4 GENERAL ELECTRIC COMPANY
6.1.5 Getinge AB
6.1.6 Hamilton Medical
6.1.7 Medtronic
6.1.8 ResMed
6.1.9 ICU Medical
6.1.10 Koninklijke Philips N.V.
6.1.11 VYAIRE
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Neonatal Ventilators Market market is studied from 2019 - 2027.
What is the growth rate of Global Neonatal Ventilators Market?
The Global Neonatal Ventilators Market is growing at a CAGR of 6.8% over the next 5 years.
Which region has highest growth rate in Global Neonatal Ventilators Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Neonatal Ventilators Market?
North America holds highest share in 2021.
Who are the key players in Global Neonatal Ventilators Market?
VYAIRE, Medtronic, Drägerwerk AG & Co. KGaA, Hamilton Medical , ICU Medical are the major companies operating in Global Neonatal Ventilators Market.
