The global neonatal ventilator market size reached US$ 397.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 582.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.39% during 2023-2028.
Report Attribute
Key Statistics
Base Year
2022
Forecast Years
2023-2028
Historical Years
2017-2022
Neonatal Ventilator Market Size in 2022
US$ 397.6 Million
Neonatal Ventilator Market Forecast in 2028
US$ 582.8 Million
Neonatal Ventilator Market Growth Rate 2023-2028
6.39%
Neonatal ventilators are medical devices used to provide ventilatory support to preterm and critically ill infants suffering from respiratory failure and having low-compliance lungs, small tidal volumes, high airway resistance, and increased respiratory rates. They have breathing circuits, humidification systems, gas-delivery systems, monitors and their associated alarms, and gas sources for oxygen (O2) and compressed air. They facilitate alveolar gas exchange with positive pressure to inflate the lungs of an infant who is incapable of adequate independent breathing. As a result, they find extensive applications in hospitals, clinics, and ambulatory surgical centers across the globe.
Neonatal Ventilator Market Trends:
At present, there is a rise in the mortality rates of neonates due to pneumonia, tetanus, diarrhea, and birth asphyxia around the world. This, along with the growing number of preterm births with critical respiratory conditions, represents one of the key factors driving the market. Moreover, there is an increase in the development of enhanced neonatal intensive care unit (NICU) centers globally. This, coupled with the rising awareness among parents about the benefits of neonatal ventilators, is propelling the growth of the market. In addition, the increasing utilization of non-invasive ventilators in the healthcare industry to reduce hypercapnia and improve oxygenation and dyspnea is offering lucrative growth opportunities to industry investors. Besides this, governments of several countries are undertaking initiatives to prevent and treat respiratory disorders worldwide. In line with this, the rising number of product approvals for neonatal ventilators by various government agencies is positively influencing the market. Apart from this, rapid technological advancements in neonatal ventilators, such as patient-triggered ventilation and ventricular tachycardia (VT) monitoring at the proximal airway, are bolstering the market growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global neonatal ventilatormarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, mobility type, mode and end user.
Breakup by Type:
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Invasive
Non-Invasive
Breakup by Mobility Type:
Intensive Care Ventilators
Portable and Transportable Ventilators
Others
Breakup by Mode:
Pressure Mode Ventilation
Combined Mode Ventilation
Volume Mode Ventilation
Others
Breakup by End User:
Hospitals
Clinics
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide Medical Systems India (Air Liquide S.A), Airon Corporation, Breas Medical AB (Shanghai Fosun Pharmaceutical Co. Ltd.), Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hamilton Medical AG (Hamilton Bonaduz AG), Inspiration Healthcare Group plc, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, ResMed and Vyaire Medical Inc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Million
Segment Coverage
Type, Mobility Type, Mode, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Air Liquide Medical Systems India (Air Liquide S.A), Airon Corporation, Breas Medical AB (Shanghai Fosun Pharmaceutical Co. Ltd.), Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hamilton Medical AG (Hamilton Bonaduz AG), Inspiration Healthcare Group plc, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, ResMed and Vyaire Medical Inc.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global neonatal ventilator market was valued at US$ 397.6 Million in 2022.
We expect the global neonatal ventilator market to exhibit a CAGR of 6.39% during 2023-2028.
The rising mortality rate of neonates owing to pneumonia, tetanus, diarrhea, etc., along with the increasing number of preterm births with critical respiratory conditions, are primarily driving the global neonatal ventilator market.
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for neonatal ventilator to provide ventilatory support to preterm and critically ill infants suffering from respiratory failure and the coronavirus infection.
Based on the type, the global neonatal ventilator market has been segmented into invasive and non-invasive. Currently, invasive holds the majority of the total market share.
Based on the mobility type, the global neonatal ventilator market can be divided into intensive care ventilators, portable and transportable ventilators, and others. Among these, portable and transportable ventilators exhibit a clear dominance in the market.
Based on the mode, the global neonatal ventilator market has been categorized into pressure mode ventilation, combined mode ventilation, volume mode ventilation, and others, where pressure mode ventilation currently accounts for the majority of the global market share.
Based on the end user, the global neonatal ventilator market can be segregated into hospitals and clinics. Currently, hospitals hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global neonatal ventilator market include Air Liquide Medical Systems India (Air Liquide S.A), Airon Corporation, Breas Medical AB (Shanghai Fosun Pharmaceutical Co. Ltd.), Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Getinge AB, Hamilton Medical AG (Hamilton Bonaduz AG), Inspiration Healthcare Group plc, Koninklijke Philips N.V., Medtronic plc, Nihon Kohden Corporation, ResMed, and Vyaire Medical Inc.
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