Global Neonatal Ventilators Market: Insights

Neonatal ventilators provide lifesaving support for infants with respiratory failure with the help of mechanical ventilation. Global neonatal ventilators market has usually end users like hospitals, clinics and rehabilitation services.

Neonatal ventilators market size is going to experience considerable growth over the forecasted period. Rising infant mortality rates along with increasing number of premature births with respiratory problems are and will be the key factors driving the market growth. Also, growing birth rate in developing countries will prove to be a factor driving the market growth. Sudden changes like epidemic or war will also increase the demand for this product.

Although mechanical ventilation can be lifesaving but it can cause lung Injuries. Also, problems like air leaks, sinus congestion, gastric distention, and others restrict the growth of the market. High price of devices hinders adoption rates in under-developed and certain developing countries.

Global Neonatal Ventilators Market Size by Device Type (2017-2025)

Market Segmentation, By Type

Invasive Ventilation and Non-invasive Ventilation are the 2 major types of ventilators. The invasive one was the earlier version where it needed a tube to be passed in the respiratory tube on the infants, but it had very high chances of damaging the tube so the newer version came, the noninvasive one. Usually the invasive ones are comparatively cheaper and thus they had major market share until now. But the Noninvasive ventilators are more reliable and safer and thus, the demand is on increase and thus it has good possibility for the growth of global neonatal ventilators market.

Market Segmentation, By end-user

There are commonly 2 users of this product which being Hospital and clinics. Also, rehabilitation centers may have this some demand. Usually hospitals were having major share in the market up until now. Specifically, maternity hospitals have the largest share because their specialty lies in delivery procedure. But slowly and steadily clinics are also having this product so that the services they provide can be improved. Thus, clinics will have a good chance of growth in the global neonatal ventilators market will be there in the forecasted period.

Market Segmentation, By region

In developed regions like North America and Europe the infant mortality rate is very low compared to other regions and thus they have major share of the following market. Some countries in regions of Asia pacific, Latin America and Middle East like Japan, Australia, South Korea, Israel and many more have moderate low mortality rate and thus they have good market share of the product but the market can still grow as many of them are developing nations.

Some undeveloped countries like Africa have very high infant mortality rate thus there are very much need of this product but due to the weak economy of this country the growth will be not so good. Thus, companies should try to enter markets with moderate infant mortality rate and which are developing countries like India, China, Mexico and brazil which have high growth in this market due to their developing nature and better economic status.

Key players in market

Some of the key industry players operating in global neonatal ventilators market are Medtronic, GE Healthcare, Drägerwerk AG & Co., Koninklijke Philips N.V., CareFusion, Hamilton Medical, Phillips Respironics, Smith Medical, Breas Medical, Airon, SechristNihon and Kohden.

Key strategy

Improving the Noninvasive ventilators is the best bet in the market for now. The companies should also focus on new product developments which are safer, reliable and cheaper. Also, geographical expansion is must to get a stronghold in the global neonatal ventilators market.

Market Growth Summary

On a concluding note, some of the developed countries like US, Canada, Germany, UK, France, Japan, and Australia still have good demand for noninvasive ventilators and the companies can focus for their high end products in these markets. The countries like India, china, South Africa, North Korea and Iraq have high chances of growth due to the reason that they have moderately low to high infant mortality rates and they also needed purchasing power. Some of the countries in Africa region like Somalia and Angola have very high infant mortality rate but they still have meager economic power to purchase the product as costly as this one. Investing in highly under developed countries like these can possibly be unwise decision considering the point of view of profits, but some player should also consider welfare of the needed countries like these and do expansion in such countries. 

On global level, due to efforts of WHO the countries are seeing the importance of better health care services and thus countries are working very hard to improvise their health care infrastructures by developing their hospital sector by providing more and more facilities. Thus, this market has ample opportunity to grow. The companies can focus on better and safer products to have good opportunity to stay and grow in this ever-demanding market.