Neonatal Ventilators Market: Prominent Players | GE Healthcare, Medtronic Plc., CareFusion, HAMILTON MEDICAL, Philips Respironics, Smiths Medical, Breas Medical, Dragers Medical, ResMed, MAQUET

Neonatal Ventilators Market was valued at more than USD 250 million in 2016, growing at 6% CAGR. The neonatal ventilators market is forecasted to witness a significant growth from 2018 to 2024.

Neonatal Ventilators market will witness a remarkable growth due to rising incidences of preterm births. As per WHO, an estimated 15 million babies are born preterm, and this number is rising and many survivors face a lifetime of disability including visual, hearing problems and learning disabilities. Increasing prevalence of preterm births with increasing neonatal morbidity and mortality will drive the industry growth.

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Respiratory distress syndrome is the leading cause of death in babies who are born prematurely and it affects about 1 percent of newborn infants. In U.S. About 10 percent of premature babies develop respiratory distress syndrome each year. Rising number of respiratory disorders and growing number of birth rates will augment the market growth.

Technological advancements in volume guarantee such as more stable tidal volumes with lower incidence of hypocarbia and excessively large tidal volumes in neonatal intensive care unit will further fuel the demand for neonatal ventilation market. Rising demand for automated health monitoring and wireless sensor networks will cater to the needs of contact free monitoring in neonatal intensive care unit. Increasing innovation in existing neonatal care equipment and government initiatives to provide affordable neonatal care will drive the market growth.

High prices of neonatal care equipment and lack of required infrastructure in developing countries will hamper the market growth. Neonatal intensive care for very low birth weight infants is considered among the costliest hospital admissions and accounts for 10% of total pediatric expenses. Shortages of doctors, nursing staff and absence of basic requirements to operate ventilators hinders the growth of resource limited countries.

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Non-invasive segment is projected to grow at 6% CAGR in the forecast period. Noninvasive ventilation techniques provide better gas exchange in the premature infant's lungs, minimizes the need for intubation and invasive mechanical ventilation as compared to conventional ventilation techniques. Advantages associated with non-invasive ventilation such as low infection rate, reduced need of sedative medications, avoidance of artificial airway complications and reduced length of ICU stay will drive the segment growth.

As reported by CDC in 2016, preterm birth affected about 1 of every 10 infants born in the U.S. In America 99% of the births takes place in hospital settings. Hospitals provide technologically advanced neonatal ventilators that provide faster and continuous care to newborns. Adoption of advanced sensing and monitoring technologies in hospitals will enable faster and easier measurement of a wider range of physiologic parameters leading to increase in people preferences of choosing hospitals. Increasing birth rates coupled with rising need for early diagnosis will drive the end-user hospital segment growth.

U.S. dominates the neonatal ventilator market owing to the increasing prevalence of preterm births and respiratory disorders. U.S. is the largest contributor of infant death and its preterm birth rate went up from 9.6 percent of births in 2015 to 9.8 percent in 2016. Increasing technological advancements, rising birth rates, growing awareness of respiratory disorders and expanding access to better healthcare infrastructure will boost the regional growth.

Some of the key industry players are Becton Dickinson, Medtronic, Hamilton Medical, Philips Healthcare, Smiths Medical, GE Healthcare, CareFusion, ResMed, Airon, Sechrist, Draeger and Breas Medical. The strategic initiatives adopted by these companies includes development of advanced technologies to make care efficient, more safer and cost effective. Hamilton Medical in 2016, launched a software version, the HAMILTON-C1/T1/MR1 ventilators that provides speaking valve compatibility and high flow oxygen therapy in long term acute healthcare.

Report Content

Chapter 1 Methodology
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Market definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary

Chapter 2 Executive Summary
2.1 Neonatal ventilators industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 End use trends
2.1.4 Regional trends

Chapter 3 Neonatal Ventilators Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Increasing number of preterm births
3.3.1.2 Rising incedence of respiratory disorders in neonates
3.3.1.3 Technological advancements
3.3.2 Industry pitfalls & challenges
3.3.2.1 High prices of neonatal ventilators
3.3.2.2 Lack of required infrastruture in developing countries
3.4 Growth potential analysis
3.4.1 By product
3.4.2 By end user
3.5 Technology landscape
3.6 Porter’s analysis
3.7 Competitive landscape, 2016
3.7.1 Strategy dashboard
3.8 PESTEL analysis

Chapter 4 Neonatal Ventilators Market, By Product
4.1 Neonatal ventilators market share by product, 2016 & 2024
4.2 Invasive
4.2.1 Market size, by region, 2013-2024 (USD Million)
4.3 Non-invasive
4.3.1 Market size, by region, 2013-2024 (USD Million)

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