Neonatal Ventilator Market Share, Key players Profiles, Revenue, Regional Analysis and Forecast 2022-2031

Neonatal Ventilator Market Revenue, Regional & Country Share, Key Factors, Trends & Analysis, To 2022-2031

The global neonatal ventilator market size accounted for $288.6 million in the 2018 and is expected to reach $474 million in 2026, growing at 6.4% CAGR.
The neonatal ventilators market is expected to witness profitable expansion over the forecasted period. Rapid growth in the mortality rate globally is the key reason for the increasing demand of the neonatal market. Additionally, the growing number of preterm births, having respiratory disorders, is the neonatal ventilators market key growth factor. Moreover, key advancements in ventilators are the major neonatal ventilators market driving factor for the growing adoption of various neonatal ventilators.
Increase in the number of deaths of preterm neonate along with the rapid growth in the adoption of neonatal ventilators globally are the key neonatal ventilators market insights.

Neonatal Ventilator Market Drivers:
Preterm delivery is one of the major cause of newborn mortality, this is specifically due to respiratory failures in neonates is expected to be the key driving factor globally. Advanced countries, for instance, the United States have observed a major growth in preterm births over the past decade, which is projected to further upsurge in the near future. As per the report published by the United Nations Children’s Fund (UNICEF), approximately 2.6 million deaths were witnessed globally in the first month of toddler’s birth. The growing rate of mortality is one of the key driving factors for the increase in the usage of neonatal ventilators over the projected period.

The unavailability of proper infrastructure in the underdeveloped and developing countries is a major reason for the growing mortality of preterm birth. Thus the growing demand for preterm births Neonatal Intensive Care Units (NICUs), in these regions is anticipated to be the key neonatal ventilator market growth factor.
Neonatal Ventilator Market, by Product
Invasive Ventilator segment is predicted to be most lucrative till the end of 2026

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Source: Research Dive Analysis
The Invasive ventilators market registered a market share of over 65% in the year 2018. Invasive sub-segment is anticipated to experience a considerable growth rate compared to non-invasive ventilators. This is owing to their extensive usage in preterm baby ICU. The invasive ventilation is projected to carry on its supremacy over the projected period and will grow from 2019 to 2026 at a CAGR of 6.2%.

Neonatal Ventilator Market, by Technology
Mechanical Ventilator Technology segment is predicted to be most lucrative till the end of 2026

Source: Research Dive Analysis
Mechanical neonatal ventilators market share accounted for the highest market value in 2018. Mechanical ventilators are majorly driven owing to the rapid developments in newborn care that have caused a considerable decline in the mortality and morbidity count. Moreover, the high-frequency ventilator is projected to increase at a CAGR of 7.2% in the projected period. High-frequency ventilators provide remarkable treatment for the preterm in the various clinical situation, due to which the demand for high-frequency ventilators is expected to upsurge the market in the near future. The high-frequency ventilators are less injury-prone, safe, and highly effective for the users.

Neonatal Ventilator Market, by Mode of Ventilation
Pressure Mode segment is predicted to be most lucrative till the end of 2026

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Source: Research Dive Analysis
The pressure mode ventilator segment accounted for the major market share of 2018 accounting for about 30% of the global market. It is widely preferred across the globe in the hospital industry. The growing number of premature babies with respiration difficulties are preferring pressure mode ventilators, as it reduces the chances of mortality, this will aid for the growth of this segment over the projected year. The pressure mode ventilation is majorly used by examining the compliance and resistance as per the patient’s lungs. Consequently, the rising incidence of respiratory failure in preterm will boost the neonatal ventilator market growth.
The combined mode ventilator segment is anticipated to lead the market over the projected period with a with a share of XX% in 2018. To decrease the breathing problem and lung injury risks in the preterm is assisted by combined mode ventilation.

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