Europe Neonatal Ventilators Market Report and Forecast 2024-2032

Europe Neonatal Ventilators Market Outlook

The global neonatal ventilators market size was valued at USD 407.9 million in 2023, with Europe holding a significant market share. The market is driven by the growing demand for non-invasive ventilation modes to provide optimal respiration to neonates across the region. It is expected to grow at a CAGR of 6.41% during the forecast period of 2024-2032, with the values likely to attain USD 714.2 million by 2032.

Key Takeaways

• The market is expected to grow with increased research activities across the region. In November 2023, researchers from the University of Leicester and Imperial College London conducted an analysis that discovered a three-fold increase in the number of babies born at 22 weeks given respiratory life support. It is likely to boost the market demand in coming years.

• Europe neonatal ventilators market growth is expected to be influenced by the continuous efforts of market players in introducing new and advanced neonatal ventilators in the market, addressing a crucial gap of unmet respiratory support specialised for vulnerable babies.

• The market is driven by various factors including, the rising prevalence of respiratory disorders in neonates, and increasing advancements in the region.

Europe Neonatal Ventilators Market Analysis

The market growth is driven by the increased research activities in the region. There is rising traction by researchers to analyse the requirement of specialised respiratory support for neonatal respiratory conditions and extremely premature babies. For example, in November 2023, researchers from the University of Leicester and Imperial College London conducted an analysis that discovered a three-fold increase in the number of babies born at 22 weeks given respiratory life support after NHS guidelines changed in 2019. The significant increase in the number of babies requiring respiratory life support contributes to the increase in Europe neonatal ventilators market demand for specialised neonatal ventilators. This is due to the significant rise in the admission of extremely premature babies in neonatal units in the United Kingdom. Additionally, there is a growing effort to develop technologically advanced and specialised neonatal ventilators to address the rise in admissions in neonatal units at hospitals, driving the market growth.

The market players are dedicated to addressing the crucial gap of unmet need for specialised respiratory support for premature babies. As a result, there has been an increased influx of new product ranges, poised to boost the Europe neonatal ventilators market share in coming years. Inspiration Healthcare launched SLE1500, the latest addition to its specialist neonatal ventilator range in November 2023. This launch demonstrated the company’s commitment to continued research and development to pioneer innovative technologies to help save lives daily. The newly launched range provides six non-invasive options in one machine, ultimately resulting in improved outcomes.

Based on the Europe neonatal ventilators market analysis, the rising prevalence of respiratory disorders among neonates is a major factor driving the market growth. The rising prevalence is therefore contributing to rapid advancements and demand for non-invasive ventilation approaches in the market. Additionally, the market is continuously witnessing significant emphasis on the development of portable and cost-effective neonatal ventilators to provide appropriate care to neonates on the go such as ambulances.

Europe Neonatal Ventilators Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Europe Neonatal Ventilators Market: Competitor Landscape

The key features of the market report include patent analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Air Liquide

• Hamilton Medical

• Medtronic

• Getinge AB

• Smiths Group plc

• ACUTRONIC Medical Systems AG

• Drägerwerk AG & Co. KGaA

• Penlon Limited

• heyer medical AG

• Koninklijke Philips N.V.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report