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The global neonatal ventilators market size was valued at USD 407.9 million in 2023, driven by the growing demand for non-invasive ventilation modes to provide optimal respiratory to neonates across the globe. The market is expected to grow at a CAGR of 6.41% during the forecast period of 2024-2032, with the values likely to rise from USD 434.6 million in 2024 to USD 714.2 million by 2032.
The neonatal period comprises the first 28 days of life and is the most vulnerable time for a child. The highest risk of dying for children is in the first month, with around 2 million neonates dying during the time span. It is reported that 1 out of 50 babies die within the first year. The mortality rates are higher in the worst affected countries, with 1 out of 12 babies not surviving their first year. To provide intensive care to premature or severely ill neonates, there is an increasing demand for technologically advanced neonatal ventilators. Consequently, expected to boost the neonatal ventilators market growth.
In November 2023, the United Kingdom-based medical technology company, Inspiration Healthcare, expanded its neonatal ventilator portfolio, by launching a non-invasive ventilation system SLE1500. To facilitate the needs of vulnerable babies, the specialized ventilator provides 6 non-invasive delivery options for effective treatment. The company intends to focus its launch in the United Kingdom and Australia initially, with the plan to penetrate other international markets. The rise in innovative product launches supported by robust research and development efforts of the key market players is expected to fuel the neonatal ventilators market demand.
The market is also driven by rising healthcare expenditure, technological advancement in neonatal ventilator systems, and the growing demand for intensive care equipment. Furthermore, the evolving preference for non-invasive ventilation mode will contribute to the growth of the market in the forecast period.
| Key Trends | Description |
| Increased Focus on Non-invasive Ventilation | There is an increased demand for non-invasive ventilation techniques to reduce the risk of ventilator-associated complications, such as bronchopulmonary dysplasia (BPD). |
| Portable and Transport Ventilators | The development of portable ventilators designed for use in ambulances, helicopters, or between hospital units, facilitates the safe transport of critically ill neonates. |
| Smart Ventilators with AI Integration | The integration of artificial intelligence (AI) to optimize ventilation settings in real time aims to reduce human error and improve care. |
| Collaboration and M&A Activities | Strategic collaborations and mergers & acquisitions among leading companies to expand product portfolios, enter new markets, and leverage innovative technologies are expected to positively impact the market landscape. |
Market Breakup by Product Type
The market is segmented by product type into high-frequency ventilators, conventional ventilators, transport ventilators, and hybrid ventilators. High-frequency ventilators are suitable for delicate neonatal lungs. Conventional ventilators provide standard breath support with adjustable parameters. Transport ventilators are mobile and facilitate the safe transfer of neonates between medical facilities. Hybrid ventilators combine features of high-frequency and conventional ventilators, offering versatile respiratory support.
Market Breakup by Ventilation Mode
The market for neonatal ventilators is segmented by ventilation mode into pressure mode ventilation, volume mode ventilation, hybrid ventilation, and high-frequency ventilation, among others. These modes cover specialized techniques aligning with the patient's needs.
Market Breakup by Technology
By technology, the neonatal ventilators market share is divided into invasive ventilation and non-invasive ventilation. Invasive ventilation is used in critical cases where an endotracheal tube is inserted to deliver breaths directly into the lungs. Non-invasive ventilation offers respiratory support without the need for intubation. It is ideal for less severe respiratory conditions.
Market Breakup by End User
Major end users of the market include hospitals, neonatal intensive care units (NICUs), pediatric intensive care units (PICUs), ambulatory surgical centers, and others. NICUs specialize in providing intensive care to newborns, including ventilation therapy.
Market Breakup by Region
Geographically, the neonatal ventilator market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominates the regional market, which can be attributed to the presence of an advanced healthcare system and high adoption rate of neonatal care technologies.
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Ventilation Mode |
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| Breakup by Technology |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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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The market attained a value of about USD 407.9 million in 2023 driven by the growing demand for non-invasive ventilation modes to provide optimal respiratory to neonates across the globe.
The market is anticipated to grow at a CAGR of 6.41% during the forecast period of 2024-2032, likely to reach a market value of USD 714.2 million by 2032.
Advancements in neonatal ventilator technology and increased healthcare expenditure are fuelling the market demand.
One of the significant trends in the market is the rise in product launches. In November 2023, the United Kingdom-based medical technology company Inspiration Healthcare, expanded its neonatal ventilator portfolio, by launching a non-invasive ventilation system SLE1500. To facilitate the needs of vulnerable babies, the specialized ventilator provides 6 non-invasive delivery options for effective treatment.
Based on the product, the market is segmented into high-frequency ventilators, conventional ventilators, transport ventilators, and hybrid ventilators.
By technology, the market is divided into invasive ventilation and non-invasive ventilation.
Major end users of neonatal ventilators include hospitals, neonatal intensive care units (NICUs), pediatric intensive care units (PICUs), ambulatory surgical centers, and others.
The market for neonatal ventilators is segmented by ventilation mode into pressure mode ventilation, volume mode ventilation, hybrid ventilation, and high-frequency ventilation, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are Medtronic plc, Philips Respironics (Koninklijke Philips N.V.), GE Healthcare, Drägerwerk AG & Co. KGaA, Hamilton Medical AG, Vyaire Medical, Inc., Smiths Group plc (Smiths Medical), Getinge AB, Fisher & Paykel Healthcare Limited, Air Liquide Medical Systems, Becton, Dickinson and Company (BD), CareFusion Corporation, Heyer Medical AG, Schiller AG, and Inspiration Healthcare Group plc.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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