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2021

Neonatal Ventilator Market

Neonatal Ventilator Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Medical Devices & Supplies

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Author's: Snehal Manjrekar| Sushant Terdale | Roshan Deshmukh
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The global neonatal ventilator market size was valued at $328.65 million in 2019, and is projected to reach $555.80 million by 2027, registering a CAGR of 6.7% from 2020 to 2027. A ventilator is a medical device routinely used in medical settings to provide mechanical assistance in exchange for oxygen and carbon dioxide. This process is also known as artificial respiration. It is a machine designed to facilitate breathable air into and out of the lungs, to provide breathing assistance for a patient who is physically unable to breathe, or is breathing insufficiently. Ventilators used for treating neonates are termed as neonatal ventilators.

Increase in neonate mortality rates along with rise in number of preterm births with respiratory conditions, technical improvements in neonatal ventilators, upsurge in number of product approvals for these neonatal ventilators, development of well-equipped neonatal intensive care unit (NICU) centers, introduction of non-invasive ventilators are the key factors that drive the growth of the global neonatal ventilator market. In addition, surge in demand for neonatal ventilators, growth in awareness among healthcare professionals about neonatal ventilators, improvement in currently practiced invasive respiratory support systems, and upsurge in government initiatives towards prevention along with effective treatment of respiratory disorders, rise in adoption of advanced neonatal ventilator by hospitals are other end users contribute toward growth of the market. Nevertheless, high cost of neonatal ventilators and stringent regulatory requirements are expected to hinder the growth of the neonatal ventilator market.  

Neonatal Ventilator Market

COVID-19 Impact

The outbreak of COVID-19 has disrupted workflows in the health care sector around the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. However, there has also been a positive effect and growth in demand for various medical services, including intensive care units (beds and ventilators for neonates and adults) and personal protective equipment for healthcare. The demand for neonatal ventilators has witnessed a significant growth during COVID-19 pandemic owing to surge in implementation of neonatal ventilators to COVID-19 infected neonates and adult patients, across the globe during this pandemic crisis. Moreover, the neonatal ventilator market witnessed a drift in product availability, owing to the lack of neonatal ventilators in many countries. Therefore, several major players namely Getinge AB, GE Healthcare, Hamilton Medical, Medtronic, and Smiths Group are pushing for the development and distribution of as many ventilators as possible around the globe to increase the production of neonatal ventilators to ramp up the battle of COVID-19 pandemic.

Segment Review

By Type Segment

On the basis of type of ventilation, the neonatal ventilator market is bifurcated into invasive and non-invasive ventilations. Invasive ventilators are mostly used inside hospitals and ICUs and are not movable. Presently, invasive segment dominates the global neonatal ventilator market in 2019, and is anticipated to continue this trend during the forecast period. However, noninvasive neonatal ventilators are movable and are used in hospitals as well as home care settings. The non-invasive ventilation segment is expected to grow at highest 7.2% CAGR during the forecast, owing to its cost-effectiveness, better tolerance, and convenience than invasive ventilation as well as easier availability outside ICU settings.

Neonatal Ventilator Market
By Type
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Invasive segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

By End User

By end user, the neonatal ventilator market is segregated into hospitals and clinics. The hospitals segment dominated the market in 2019, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the preference among individuals for hospitals due to availability of advanced neonatal ventilators as compared to clinics. Moreover, increase in number of hospitals and rise in demand for ventilators is highest as major proportion of births happens in hospital settings will drive neonatal ventilator market growth.

Neonatal Ventilator Market
By End User
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Hospitals segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

By Region

North America accounted for a major share in the neonatal ventilator market in 2019, and is expected to maintain its dominance during the forecast period, owing to increase in awareness and government expenditure in the healthcare industry and adoption of advanced neonatal ventilation technology for emergency as well as regular use. Furthermore, large number of ICU beds, huge patient population in need of ventilation, increase in prevalence of respiratory diseases, and rise in demand for advanced healthcare facilities are contributing toward growth of the market. Moreover, higher number of R&D activities to develop novel neonatal ventilators, availability of favorable government policies, and presence of major players operating in the countries in this region are other factors that fuel the growth of the neonatal ventilator market. 

Neonatal Ventilator Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

North America was holding a dominant position in 2019 and would continue to maintain the lead over the analysis period.

However, Asia-Pacific is expected to register highest CAGR of 10.0% from 2020 to 2027, owing to increase in birth rate and surge in cases of preterm births, development of new healthcare facilities, and improved healthcare policies promoting better care provision. Key players profiled in the report include Vyaire Medical Inc., Carl Reiner GmbH, Draegerwerk AG & Co. KGaA, Fritz Stephan GmbH, General Electric Company (GE Healthcare), Getinge AB, Hamilton Medical AG, Inspiration Healthcare Group plc (SLE Limited), Medtronic Plc. and Smiths Group Plc.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current neonatal ventilator market trends and forecast estimations from 2019 to 2027, which assists to identify the prevailing market opportunities. 
  • An in-depth neonatal ventilator market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the neonatal ventilator market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the global neonatal ventilator market.

Neonatal Ventilator Market Report Highlights

Aspects Details
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By Type
  • Invasive
  • Non-invasive
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By End User
  • Hospitals
  • Clinics
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By Region
  • North America  (U.S., Canada, North America)
  • Europe  (Czech Republic, Hungary, France, Germany, Italy, Poland, Russia, Spain, UK, Rest of Europe)
  • Asia-Pacific  (Indonesia, Malaysia, Australia, Thailand, Philippines, Uzbekistan, Rest of Asia-Pacific)
  • LAMEA  (Colombia, Mexico, Chile, Algeria, Morocco, Saudi Arabia, South Africa, Turkey, Israel, United Arab Emirates, Rest of LAMEA)
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Key Market Players

CARL REINER GmbH, SMITHS GROUP PLC., VYAIRE MEDICAL INC., GETINGE AB, DRAEGERWERK AG & CO. KGaA, MEDTRONIC PLC. (COVIDIEN LTD.), GENERAL ELECTRIC COMPANY (GE HEALTHCARE), INSPIRATION HEALTHCARE GROUP PLC (SLE LIMITED), FRITZ STEPHAN GmbH, HAMILTON MEDICAL AG

Analyst Review

A neonatal ventilator is a medical device or respirator which offers ventilation by moving breathable air into & out of the lungs. In terms of nutritional consumption and respiratory monitoring, the mortality rate associated with neonates is largely due to insufficient care. 

Moreover, neonate’s lungs are small in size, which require additional support to regulate their normal breathing. This has resulted in the adoption of neonatal ventilators capable of providing the lungs with the required amount of oxygen which is sufficient for neonates to live even under ill breathing conditions. 

Increase in prevalence of a wide range of diseases such as respiratory muscle dysfunction, refractory hypoxemia, and increased airway obstruction, rise in demand for respiratory devices for neonates, and technological advancements in non-invasive neonatal ventilators are expected to drive the growth of the neonatal ventilator market.
 

Author Name(s) : Snehal Manjrekar| Sushant Terdale | Roshan Deshmukh
Frequently Asked Questions?

The key trends in the Neonatal Ventilator Market are increase in incidence of preterm births with surge in incidence of respiratory disorders and mortality rates in neonates and introduction of novel non-invasive neonatal ventilators drives the growth of the market

No, there is no value chain analysis provided in the Neonatal Ventilator Market report

The market value of Neonatal Ventilator Market in 2020 was $353.89 Million

The base year for the report is 2019

Yes, Neonatal Ventilator companies are profiled in the report

The top companies that hold the market share in Neonatal Ventilator Market are Draegerwerk AG & Co. KGaA, Medtronic Plc, Getinge AB, Vyaire Medical Inc., General Electric Company (GE Healthcare), Smiths Group Plc., and Hamilton Medical AG

The forecast period in the report is from 2020 to 2027

The total market value of Neonatal Ventilator Market is $328.65 million in 2019

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Neonatal Ventilator Market

Global Opportunity Analysis and Industry Forecast, 2020-2027