Neonatal Ventilators Market 2020 Industry Growth, Size, Share, Future Development by Top Companies Analysis- GE healthcare, Philips Respironics, CareFusion, Smith Medical and ResMed
Neonatal Ventilators Market will exceed USD 466.1 million by 2025. Growing number of preterm births along with neonates' respiratory malfunctions will boost neonatal ventilator industry growth worldwide. Advents in technologies pertaining to airway interfaces for neonates should further augment industry expansion. Moreover, improving healthcare indicators in developing countries should prove to be high impact rendering factor during coming 5-7 years.
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Portable/Transportable ventilators market amounted for USD 114.4 million revenue in the year 2018. Recent technological advancements in neonatal ventilation such as high standard technology coupled with simple and intuitive settings, makes portable ventilator a very easy to use and reliable equipment. Hence, above mentioned factors will drive the demand for the product in the upcoming years.
Invasive neonatal ventilators market is forecasted to grow at a lucrative CAGR of 7.0% over the estimation period. Invasive neonatal ventilators are most widely used across geographies; the need of using these system in specific respiratory conditions fuels market growth of the same. Moreover, availability and affordability of traditional invasive mechanical ventilators have resulted in higher market share than that of invasive systems. However, during the forecast timeframe, with introduction of advanced non-invasive airway interfaces, their adoption is most likely to rise rapidly in developed nations.
Volume targeted ventilators market is estimated to grow at 6.7% over the projection period. With the help of advanced ventilation, the professionals can increase the effectiveness in neonatal care leading to increase in demand for volume targeted ventilators and spur the neonatal ventilators market growth in the future.
Canada neonatal ventilators market will witness a growth at 6.5% during the forecast period. Advanced healthcare settings in Canada facilitates efficient operating of advanced neonatal ventilators; therefore, non-invasive systems are in high demand. With growing popularity of these systems, more and more installations are anticipated to take place during the projection years.
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Industry players having a strong foothold include GE healthcare, Philips Respironics, CareFusion, Smith Medical and ResMed. Other notable participants include Breas Medical, MAQUET and Drager, etc. To expand their industry presence, many established firms are entering in sparsely addressed high potential regions. Introduction of devices in emerging economies by these companies enables them to cater to unmet needs and expand revenue sources.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Neonaatal Ventilators Market Industry Insights
Chapter 4 Neonatal Ventilators Market, By Product
Chapter 5 Neonatal Ventilators Market, By Mobility
Chapter 6. Neonatal Ventilators Market, By Technology
Chapter 7. Neonatal Ventilators Market, By Mode
Chapter 8. Neonatal Ventilators Market, By End-use
Chapter 9 Neonatal Ventilators Market, By Region
Chapter 10. Company Profiles
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