Global Neonatal Ventilator Market to Surpass USD 466 Million by 2025

The market growth is being further aided by technological advancements in the design and function of ventilators driving their increased adoption, especially in the developed regions, and rising birth rates. However, inadequate infrastructure needed to support advanced ventilators in the developing and under-developed regions, and high prices of ventilators are likely to hamper their adoption in several economies across the globe.

These are the latest findings of Global Market Insights (Selbyville, DE, USA), a global market research and consulting service provider.

On the basis of product, the non-invasive ventilation segment was valued at around USD 93.5 million in 2018 and will continue to grow over the coming 5-7 years due to the steadily increasing acceptance of non-invasive systems. However, invasive systems will continue to be mainstream interface in several regions across the world. Efforts by manufacturers and government institutions to reduce the prices of non-invasive ventilators are likely to fuel the segment’s growth. The need to use a non-invasive interface for treating preterm birth neonates will have a significantly positive impact on the growth of the non-invasive ventilation segment.

Based on mobility, the intensive care ventilators segment is estimated to grow at a robust CAGR of 6.9% during the forecast period, as an increase in the number of critically ill infants will drive the demand for ventilators in neonatal care units. Based on technology, the high frequency ventilators segment was valued at around USD 87.9 million in 2018, due to their advantages such as higher levels of PEEP with conventional ventilation, smaller tidal volumes and fully coordinated volume-targeted conventional mechanical ventilatory modes.

On the basis of mode, the volume mode ventilation segment was valued at USD 59.3 million in 2018, as their ease of use and efficiency continues to boost the demand and adoption rate of neonatal ventilators. Based on end-use, the clinics segment was valued at USD 79.7 million in 2018 and is expected to continue growing during the forecast period, driven by the growing popularity of clinics in the developed regions, increase in the number of clinics and rapid adoption of advanced airway interfaces.

Geographically, the US neonatal ventilator market is the largest in the world and is estimated to grow at a CAGR of 5.9% during the forecast period. The US, a pioneer and early adopter of various airway interface devices, will continue to dominate the global neonatal ventilator market during the forecast period. India’s improving healthcare infrastructure, expanding and developing hospital sector, growing number of births, and increasing adoption of new devices to address the appalling conditions of neonates suffering from respiratory problems are expected to drive the country’s neonatal ventilators market during the forecast period.

Related Links:
Global Market Insights