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2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Neonatal Ventilators Market Analysis

Neonatal ventilators  help to provide respiratory support to newborns who are unable to breathe properly on their own. These specialized medical devices are widely utilized in neonatal intensive care units (NICUs) for treating neonates with respiratory distress or other pulmonary issues. The rising advancements in ventilator technology such as the development of non-invasive ventilation techniques including nasal continuous positive airway pressure or high-flow nasal cannula are expected to significantly contribute to the Latin America neonatal ventilators market growth.

 

The market is also influenced by the increase in preterm birth rates which can be attributed to factors like inadequate prenatal care, maternal health issues, and socioeconomic aspects, among others. In April 2024, a study published in the Lancet revealed that around 25% of all newborns globally, which accounts for 35 million babies, are born too soon or too small, often leading to preterm births. Latin America also comprises a significant proportion of these preterm infants requiring respiratory assistance such as mechanical ventilation to aid them in breathing until their lungs mature. Thus, the rising preterm birth is likely to augment the Latin America neonatal ventilators market demand.

 

One of the major market trends is the increased government initiatives aimed at improving neonatal health and reducing infant mortality rates. In June 2023, the Honduran Alliance for Neonatal Health was established by the Honduran Ministry of Health in collaboration with the Latin American Centre for Perinatology/Women's and Reproductive Health (CLP/WR) and the Pan American Health Organization/World Health Organization (PAHO/WHO), and the financial backing from the Canadian government. The alliance aims to promote evidence-based interventions in newborn health and improve the effectiveness of policies and programs in neonatal care in Honduras (a country in Central America). Such initiatives and fundings to improve neonatal care are poised to enhance access to neonatal ventilator devices and encourage the adoption of advanced ventilator technology in healthcare facilities in the region, thereby boosting the market share.

 

Latin America Neonatal Ventilators Market Report Snapshots

Latin America Neonatal Ventilators Market Size

Latin America Neonatal Ventilators Market Analysis

Latin America Neonatal Ventilators Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The Latin America neonatal ventilators market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 6.41% during the forecast period of 2025-2034 and is likely to reach a market value of USD 714.2 million by 2034.  

The rising preterm birth rates and the growing demand for advanced ventilator technology are fuelling the demand for the market.

One of the significant trends in the market is the increased government initiatives aimed at improving neonatal care and reducing infant mortality rates. In June 2023, the Honduran Alliance for Neonatal Health was established to improve neonatal health in Honduras, which is poised to enhance access to advanced neonatal ventilator devices in the region. 

Based on the product, the market is segmented into invasive ventilation, non-invasive ventilation, and hybrid ventilation.

By mobility type, the market is divided into intensive care ventilators, along with portable and transportable ventilators, among others.

By technology, the market is divided into mechanical ventilators, high frequency ventilators, and hybrid ventilators, among others.

End users of the market are hospitals, ambulatory surgical centers, and clinics, among others.

Based on the mode, the market is segmented into pressure mode ventilation, combined mode ventilation, and volume mode ventilation, among others.

The market segmentation by countries includes Brazil, Argentina, and Mexico, among others. 

The key players in the market are Becton, Dickinson and Company, Philips Healthcare, Drägerwerk AG & Co. KGaA, Hamilton Medical AG, Vyaire Medical, Inc., GE Healthcare, Mindray Medical International Limited, Inspiration Healthcare Group plc, Heyer Medical AG, and Medtronic.

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