North America Neonatal Ventilators Market Report and Forecast 2024-2032

North America Neonatal Ventilators Market Outlook

The global neonatal ventilators market size was valued at USD 407.9 million in 2023, with North America holding a significant market share. The market is driven by the rising advancements in the ventilator technologies. 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 2023 March of Dimes Report revealed that the preterm birth rate in the United States is substantially high, estimated to be 10.4%. The rising number of preterm births is expected to drive market demand.

• Increased focus on research activities aimed at the improvement of ventilation quality is poised to elevate North America neonatal ventilators market value. In November 2023, a study published in Pediatrics showed that real-time digital feedback using an Augmented Infant Resuscitator (AIR) device on a newborn manikin is associated with quicker and more accurate ventilation assessment.

• Strategic partnerships among the key market players are a major market trend. In January 2024, Inspiration Healthcare Group PLC announced its plans to buy Arion Corporation in a deal worth USD 2.5 billion. The deal is intended to penetrate the United States market and commercialize its product portfolio, including its non-invasive infant ventilator SLE6000.

North America Neonatal Ventilators Market Analysis

The neonatal period, comprising the first 28 days of life, is considered the most vulnerable time for an infant. Neonatal ventilators can help provide respiratory support to ill or premature babies who are often not able to breathe properly on their own. The rising prevalence of respiratory disorders in neonates coupled with the advancement in neonatal care, including improved modes of ventilation and better monitoring systems, is expected to contribute significantly to the North America neonatal ventilators market growth.

In preterm neonates, respiratory distress syndrome (RDS) is a common cause of mortality and morbidity. Ventilatory management is crucial for such infants to provide adequate breathing support. The 2023 March of Dimes Report, a nonprofit organization that works to improve the health of mothers and babies in the United States, revealed that preterm birth in the region is substantially high, estimated to be around 10.4%. Since neonatal ventilators are vital for managing respiratory complications in premature babies, the rising prevalence of preterm births is likely to augment the North America neonatal ventilators market demand.

The market is witnessing an increased focus on research activities, aimed at the improvement of ventilation quality to prevent newborn mortality rates. In November 2023, a study published in Pediatrics (Official Journal of the American Academy of Pediatrics) evaluated the efficacy of real-time digital feedback on ventilation quality using an Augmented Infant Resuscitator (AIR) device on newborn manikin. The randomized controlled study with the United States and Uganda participants showed that AIR feedback was associated with quicker and more accurate ventilation assessment. Thus, the portable AIR device achieved effective ventilation through digital feedback. The adoption of such advanced devices has the potential to provide quality ventilation and improve neonatal patient care, thereby elevating market value.

One of the major North America neonatal ventilators market trends is the increased merger and acquisition activities among the key market players to gain market entry to their products in lucrative economies such as the United States. In January 2024, Inspiration Healthcare Group PLC (a global provider of medical technology) announced its plans to buy Arion Corporation (an American respiratory device company) in a deal worth USD 2.5 billion. Under this acquisition, IHC intends to leverage Airon’s established brand presence to enter the United States market and commercialize its product portfolio, which includes a non-invasive infant ventilator SLE6000. The increased access to such innovative neonatal ventilators in North America is anticipated to accelerate market growth.

North America Neonatal Ventilators Market Segmentation

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

North America Neonatal Ventilators Market: Competitor Landscape

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:

• Airon Corporation

• Medtronic

• ResMed

• Vyaire Medical Inc.

• ICU Medical

• GE HealthCare

• Sechrist Industries

• Becton, Dickinson and Company

• Stephan Company

• SCHILLER

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