The neonatal ventilator market reached a valuation of US$ 387.05 Million by 2021, and is likely to register a Y-o-Y growth rate of 6.0% in 2022, closing at US$ 413.37 Million. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 6.8% CAGR, reaching US$ 798.1 Million.
A surge in demand for neonatal ventilators, growth in awareness among healthcare professionals about neonatal ventilators, improvement in currently practiced invasive respiratory support systems, and upsurge in government initiatives towards prevention along with effective treatment of respiratory disorders, rise in adoption of advanced neonatal ventilator by hospitals are other end users contribute toward growth of the market.
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Market Players: –
- Smith Medical
- Medtronic Plc.
- Phillips Respironics
- Breas Medical
- CareFusion
- Drager Medical
- ResMed
- Maquet
- Hamilton Medical
- GE Healthcare
Neonatal Ventilator Market- Competitive Landscape
Prominent players in the Neonatal Ventilator Industry are taking advantage of the rapidly increasing demand for the Neonatal Ventilator in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In January 2022, ICU Medical completed the acquisition of Smiths Medical. This acquisition helped ICU to expand its product portfolio in the intensive care department, including the addition of syringe and ambulatory pumps, peripheral IV catheters, and respiratory equipment.
- 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 institutions.
Key Segments Covered in the Neonatal Ventilator Industry Survey
- By Product Type :
- Invasive Neonatal Ventilator
- Non-Invasive Neonatal Ventilator
- Hybrid Neonatal Ventilator
- by End-User :
- Hospitals
- Neonatal Clinics
- Nursing Homes
- Other End Users
- By Modality :
- Portable Devices
- Transportable Devices
- Standalone Devices
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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The data provided in the Neonatal Ventilator Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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