Introduction of ventilators for neonates were one of the time changing and life-saving innovations that manufacturers developed to provide life-saving support for neonates having respiratory ailments.
With advances in medical technologies, such as replacement surfactant therapy and administration of antepartum corticosteroids, neonatal ventilators have improved the infant survival quotient, specifically for preterm infants that suffer from immature functioning of lungs.
An insight based research report on neonatal ventilator market by a leading research firm – Fact.MR – reveals that the market for neonatal ventilator is projected to expand at a value CAGR of 5.6% throughout the period of assessment, 2018-2028.
Concern for Respiratory Health Grows With Increasing Number of Preterm Births and Mortality Rates
Preterm births are one of the leading causes of infant mortality, especially due to respiratory failures in neonates.
Developed countries such as United States have witnessed a significant growth in preterm births since past decade.
In the United States witnessed a 2 percent increase in the preterm birth rate, which is expected to further increase in the coming years.
Mortality rate associated with preterm births is largely due insufficient care in terms of respiratory monitoring and nutrition consumption.
Moreover, lungs of neonates are small in size that require additional support for regulating their respiration.
This has led to the adoption of neonatal ventilators that can provide the required amount of oxygen to the lungs, sufficient enough for neonates to survive even in ill respiratory conditions.
According to analysis of United Nations Children’s Fund (UNICEF), around 2.6 million deaths were observed worldwide in the first month of birth.
The increasing mortality rate is a clear growth determinant for the use of neonatal ventilators which is a positive growth influencer for neonatal ventilator market during the period of forecast.
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NICUs to Present Lucrative Growth Opportunities
Neonatal Intensive Care Units (NICUs), particularly developed for providing extreme care for neonates have witnessed an increase in the number of admissions.
In United Kingdom, around 95,000 babies are born in NICUs owing to higher preterm births in the country.
In addition, with the growing preterm birth statistics, the number of NICUs have also increased with higher intake capacity and enhanced patient care facilities.
This is expected to auger well for the neonatal ventilator market with respect to high volume sales of the product in NICUs across various regions.
Lung Injuries Associated With Neonatal Ventilators – a Major Challenge
Neonatal ventilators used for supporting respiratory function of the infant can result in lung injuries owing to excess airway pressure, flow, tidal volume, inflammatory and infection mediators coupled with recurring closing and opening of alveoli.
Lungs of neonates being smaller in size and not completely developed, their injuries can lead to critical complications such as BPD (Bronchopulmonary Dysplasia), even death owing to respiratory failure.
This has challenged the use of neonatal ventilators and is expected to hinder the growth of the neonatal ventilator market.
However, addressing this challenge, manufacturers have developed techniques to reduce the occurrence of lung injuries.
Continued efforts have been carried out, particularly focused on developing new technologies that include the adoption of early CPAP (Continuous Positive Airway Pressure) in neonates that are at risk from neonatal RDS (Respiratory Distress Syndrome) as well as techniques to maintain adequate gas exchange to reduce lung injuries.
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Neonatal Ventilator Market Scope Of The Report
Fact.MR’s new report highlights the growth trajectory on neonatal ventilator market for a period of ten years, starting from 2018 till 2028.
According to the report, steady expansion has been projected for the neonatal ventilator market throughout the period of forecast.
This research study analyzes unveils the balance between supply and demand, that is expected to create growth opportunities for the neonatal ventilator market during the forecast period.
Moreover, the detailed analysis of the neonatal ventilator market offers a complete valuation of the entire market portraying a 360 degree perspective in front of the reader that can be used to identify potential revenue pockets for further business expansion.
Detailed Scrutiny of the Neonatal Ventilator Market
Principal objective of the neonatal ventilator market research report is to provide key updates on the growth patterns of the neonatal ventilators with respect to their adoption and demand.
The market for neonatal ventilators is largely influenced by government spending for initiating extensive care for preterm births that includes facilitating development of NICUs and introduction of new ventilators to provide high efficiency and reduce limitations associated with the product, for instance lung problems.
Leading market participants in the neonatal ventilator market are focusing on enhancement of their products to offer complete care and safety of the child. With this, they can expand their product lines by adding novel products, consequently boosting volume sales.
For instance, Hamilton Medical has introduced intelligent ventilators for neonates – Hamilton-G5– that offers features such as advanced ventilation modes such as ASV, protective ventilation especially for lung assessment and automated controller for cuff pressure (IntelliCuff), to name a few.
The research report begins with an executive summary of the entire neonatal ventilators market, that reflects an in-depth assessment and forecast analysis pertaining to every market segment.
The market report includes analysis of segments in terms of market share, revenues, volume sales, the absolute dollar opportunity, year on year growth rate and overall value and volume CAGRs for the period of forecast.
Segmentation of the Neonatal Ventilator Market
The research report encloses a complete market research on every critical segment of the neonatal ventilator market, which have an influence on the market’s growth during the said period.
Moreover, analysis on various trends and developments that impact this growth are also covered across major regions in the globe that have a direct association with the various market segments. Below is the synopsis covering all market segments.
In-depth Analysis on Key Competitors
The research report concludes with the inclusion of analysis on key market players that includes scrutiny on their company overview, key financials such as market shares, revenue growth, sales and volumes of products sold, and P&L statements from company filings.
Also, this section incudes SWOT analysis, key product developments and innovations, mergers and acquisitions, product portfolio, key strategies and expansion plans of the key players involved in the neonatal ventilator market.
This detailed competitive assessment can provide additional insights to the reader that can be used to formulate strategies in view of gaining competitive edge in the coming years.
The weighted scrutiny provided in the neonatal ventilator market research report compiles all the aforementioned aspects in a systematic manner providing actionable intelligence to the reader along with realistic and highly accurate data using a unique research methodology.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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