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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Neonatal Ventilators Market Size
The global neonatal ventilators market was valued at USD 407.9 million in 2023, with Latin America holding a significant market share. The market is driven by continuous advancements in ventilator technology. 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.
Latin America Neonatal Ventilators Market Outlook
- In April 2024, a study revealed that around 25% of all newborns globally 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. The rising preterm birth rate is likely to augment the market demand for neonatal ventilators in the forecast period.
- One of the major Latin America neonatal ventilators 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 to improve neonatal care in Honduras, which is poised to enhance access to neonatal ventilator devices and encourage the adoption of advanced ventilator technology in the region.
- 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 anticipated to boost 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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