Comprehensive Analysis on Neonatal Ventilators Market with Top Players: GE Healthcare, Medtronic, CareFusion, Hamilton Medical
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Invasive market for neonatal ventilators slated to witness slightly higher growth than non-invasive ones, owing to their wide use in newborn intensive care units and high frequency of use. Invasive systems such mechanical ventilators are currently the mainstream interface used in majority of regions worldwide. However, adoption of non- invasive systems is steadily increasing. A considerable proportion of neonates in resource-poor countries who need respiratory support are subjected to CPAP; whereas, in developed regions it holds prominence of over 70% usage among other alternatives.
Among all the end-users, use of neonatal ventilators is highest in hospitals resulting in largest market share. A significant proportion of births happen in hospital settings; thus, the demand for ventilators is highest. During the forecast period, the hospital end-user market segment will continue to dominate, owing to increasing number of hospitals and people’s preference to hospitals over other healthcare settings.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• GE Healthcare
• Hamilton Medical
• Smiths Medical
• Breas Medical
Clinics end-user market segment held noticeable industry share in 2016, being highly preferred setting in developed countries. Contribution by clinics, which also includes maternity centers to market growth will be significant over the forecast period. Adoption of advanced airway interfaces in clinics and maternity centers should propel industry growth.
U.S holds largest share of the global market as being the oldest and fasted new technology adopting region. During the forecast years, it should experience modest growth owing to relatively low addressable needs.
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Germany market is poised to expand with increasing application of non-invasive airway interfaces. Early new technology adaptive nature of the country should boost demand for advanced respiratory systems for neonates.
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