Press release
Global Neonatal Ventilator Industry: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario.
The global Neonatal Ventilator market size is expected to reach $568.61 Million by 2028 growing at the CAGR of 6.11% from 2021 to 2028.Decreasing incidence rates of preterm labor, rising number of the proposed creation of neonatal ventilator units, rise in demand for neonatal ventilators from the public sector along with research by the National Institutes of Health (NIH), the introduction of innovative non-invasive ventilators to the industry are the key factors contributing toward the growth of global neonatal ventilator market.
In addition, the backdrop of a surge in demand for respiratory products and equipment from government organizations, slowing down healthcare spending rate globally and increasing penetration by emerging players is boosting development initiatives which in turn is triggering the creation of newer models providing better patient outcomes while minimizing cost implications.
However, stringent regulatory requirements are expected to hamper progress being made by major players in this market during the forecast period.
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Key Players
Some of the major Neonatal Ventilator players holding a high market share include Vyaire Medical Inc., Carl Reiner GmbH, and Draegerwerk AG & Co. KGaA. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
● Vyaire Medical Inc.
● Carl Reiner GmbH
● Draegerwerk AG & Co. KGaA
● Fritz Stephan GmbH
● General Electric Company
● Getinge AB
● Hamilton Medical AG
● Inspiration Healthcare Group plc
● Medtronic Plc.
● Smiths Group Plc.
The recently published research report on Global Neonatal Ventilator Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Neonatal Ventilator market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Neonatal Ventilator market report also includes the following data points:
● COVID19 Impact on Neonatal Ventilator market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Neonatal Ventilator market
Segmental Analysis
Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Neonatal Ventilator Market:
o Adult/Pediatric Ventilators
o Neonatal/Infant Ventilators
Market Segment By Application with the focus on market share, consumption trend, and growth rate of Neonatal Ventilator Market:
o Combined Mode Ventilation
o Volume Mode Ventilation
o Pressure Mode Ventilation
o Other
For more information: https://evolvebi.com/product/neonatal-ventilator-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)
North America counted for a significant share of the neonatal ventilator market in 202. It is expected to maintain its dominance during the forecast period, as the industry witnessed growth owing to an increase of awareness and government expenditure in healthcare along with the adoption of advanced neonatal ventilation technology for emergency and regular use. A large number of intensive care units (ICUs), high prevalence of respiratory diseases, and increasing demand for extended healthcare facilities are fueling the market.
Moreover, a higher approval rate on new products and availability of favorable government policies, and the presence of major players operating in this region will help grow this region's Neonatal Ventilators Market.
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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