Neonatal Ventilator Market To Find Better Growth with US$ 558.3 Million By 2027 | CAGR: 7.1%: Coherent Market Insights
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Global Neonatal Ventilator Market, by Product Type (Intensive Care System and Portable System), by Interface (Invasive and Non-invasive), By End User (Hospitals, Ambulatory Surgical Centers, Long Term Care Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 322.5 million in 2019, and is expected to exhibit a CAGR of 7.1% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
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Increasing incidence of preterm births with respiratory disorders are expected to augment the market growth.
The rising neonate mortality rates, coupled with increasing number of preterm births with the respiratory disorders are the major factors that are expected to propel the neonatal ventilators market growth over the forecast period.
Moreover, factors such as increasing product launches, regulatory approvals, mergers and acquisitions are expected to propel the neonatal ventilator market over the forecast period. For instance, in September 2017, Philips (Netherlands) launched Philips Respironics V680 ventilator in Canada, offering hospitals both invasive and non-invasive ventilation solutions. Unique feature of this device is to deliver advanced life support for neonatal patients in the intensive care unit.
Similarly, in January 2016, Maquet Medical Systems USA launched SERVO-n intensive care ventilator for neonates. The ventilator system is equipped with hot-wire anemometer flow sensor technology that aids in delivering desired pressure levels and tidal volumes down to 2 ml. The system also comprises neurally adjusted ventilator assist and non-invasive modes to support irregular breathing patterns in neonate patients.
Browse 32 Market Data Tables and 20 Figures spread through 178 Pages and in-depth TOC on “Neonatal Ventilator Market”- Global Forecast to 2027, by Product Type (Intensive Care System and Portable System), by Interface (Invasive and Non-invasive), by End User (Hospitals, Ambulatory Surgical Centers, Long Term Care Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),
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Moreover, market players are focusing on acquisitions and product launches to strengthen their position in the global market, which are expected to propel the market growth of neonatal ventilator market over the forecast period. For instance, in March 2018, Acutronic Group, a group of non-affiliated companies active in neonatal ventilation was acquired by Apax-backed Vyaire Medical Inc., the leading pure play medical device company in the respiratory space. Furthermore, in September 2018, Apollo Cradle launched the advance technology neonatal intensive care unit (eNICU). The unit will aid in monitoring and recording data of each baby bed in real-time. Through eNICU, Apollo Cradle, can now monitor minute details including medication levels, nutrition, feeding pattern, calorie, and growth charts of babies in NICU across India.
Key Takeaways of the Neonatal Ventilator Market:
- The global neonatal ventilator market is expected to exhibit a CAGR of 7.1% over the forecast period, attributed to increasing number of pre-term births, rising number of ICU beds, coupled with rising number of respiratory diseases in neonates
- On the basis of product type, intensive care system segment accounted for major market share in the neonatal ventilator market in 2018, attributed to supply of oxygen to the infant lungs by generating positive pressure. Moreover, the intensive care ventilators offer safe, effective, and lung protective ventilation to preterm infants.
- On the basis of interface, non-invasive segment accounted for major market share in the neonatal ventilator market in 2018, attributed to increasing launches of non-invasive neonatal ventilators by key players. For instance, on February 2019, Vapotherm, a U.S.-based company launched latest version of its Precision Flow Hi-VNI system. The system is used to deliver non-invasive ventilation to spontaneously breathing patients employing the company’s Mask-Free NIV technology.
- Key players operating in the global neonatal ventilator market include Philips Respironics, Nihon Kohden Corporation, Medtronic Plc, GE Healthcare, CareFusion, ResMed, Hamilton Medical, Drägerwerk AG & Co. KGaA, Smith Medical, Breas Medical, and Becton, Dickson and Company
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