Neonatal Ventilators Market Size, Share, Growth Analysis, By Type(Invasive ventilation, Non-invasive ventilation.), By End-use(Hospitals, Clinics, and Others.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35C2020 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 62 | Figures: 65

Neonatal Ventilators Market News

In January 2023, Medtronic announced the launch of a new neonatal ventilator called the Puritan Bennett 880. The Puritan Bennett 880 is a portable ventilator that is designed for use in neonatal intensive care units (NICUs). It is equipped with a number of features that are specifically designed for use in neonates, such as a small circuit and a quiet operation.
In February 2023, Draegerwerk AG & Co. announced the launch of a new neonatal ventilator called the Evita V500. The Evita V500 is a high-end ventilator that is designed for use in NICUs. It is equipped with a number of features that are designed to improve patient care, such as a patient-triggered ventilation mode and a closed-loop ventilation system.
In September 2023, with the aim of improving neonatal care services in Bengaluru, India, the Health Minister Dinesh launched Manipal Ambulance Response Service - Neonatal Care on Wheels (MARS-NOW). The ambulance will be facilitated with essential services such as infant incubators, heart and lung monitors, high frequency and conventional ventilators, nitric oxide administration, blanket warmers and advanced vehicle suspension for a smooth journey enhancing patient comfort.

Neonatal Ventilators Market Report Snapshots

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Neonatal Ventilators Market size was valued at USD 399.23 million in 2022 and is poised to grow from USD 425.98 million in 2023 to USD 715.65 million by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).

The competitive landscape of the neonatal ventilators market is characterized by intense competition among established medical device manufacturers and innovative entrants. Key players are focused on enhancing their product portfolios with technologically advanced and user-friendly neonatal ventilators to cater to the evolving needs of neonatal care units. Collaborations, partnerships, and acquisitions are common strategies employed by companies to expand their market presence and leverage each other's expertise. 'Medtronic plc', 'Philips Healthcare', 'Drägerwerk AG & Co. KGaA', 'GE Healthcare', 'Fisher & Paykel Healthcare Limited', 'Hamilton Medical AG', 'Getinge AB', 'Smiths Medical', 'ResMed Inc.', 'Vyaire Medical Inc.'

The increasing incidence of preterm births and neonatal respiratory disorders is a significant driver for the neonatal ventilators market. Premature infants often require respiratory support due to underdeveloped lungs, driving the demand for advanced ventilatory solutions.

Technological Advancements: Advancements in technology are driving the development of innovative neonatal ventilators. These include improved modes of ventilation, integrated monitoring systems, and user-friendly interfaces. Smart features like real-time data tracking, remote monitoring, and automated adjustments based on patient conditions are becoming increasingly prevalent.

Regionally, the neonatal ventilators market exhibits variations in demand and growth patterns. North America and Europe have traditionally held significant shares in the market due to their well-established healthcare infrastructure, high healthcare expenditures, and advanced medical technologies. These regions have witnessed extensive adoption of neonatal ventilators, owing to their emphasis on neonatal care and the availability of specialized healthcare facilities.

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Neonatal Ventilators Market Size, Share, Growth Analysis, By Type(Invasive ventilation, Non-invasive ventilation.), By End-use(Hospitals, Clinics, and Others.), By Region - Industry Forecast 2024-2031

Neonatal Ventilators Market News

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