Global Neonatal Ventilators Market 2019-2023
About this market
A preterm birth or premature birth is the birth of a baby before 37 weeks of gestation. The rising incidence of preterm births is the leading cause of infant mortality. Preterm birth rates depend on racial and ethnic differences as well. Owing to the rising number of preterm births and mortality rates, initiatives by the World Health Assembly and UNICEF seek to provide improved obstetric and neonatal care units with high-end equipment such as neonatal ventilators that can provide a sufficient amount of oxygen to neonates. Considering all these factors, the growing incidence of preterm births and mortality rates will drive the growth of the global neonatal ventilators market during the forecast period. Technavio’s analysts have predicted that the neonatal ventilators market will register a CAGR of almost 8% by 2023.
High demand for noninvasive ventilators
Noninvasive ventilators are devices that aid in the administration of ventilatory support through the upper airway sac using a nasal mask without the incorporation of an invasive artificial airway such as an endotracheal tube or a tracheostomy tube.
Stringent regulatory requirements
Neonatal ventilators are used to provide respiratory care in premature neonates and neonates with respiratory illnesses. However, design faults, malfunctioning, and technical errors are some of the issues that are associated with neonatal ventilators, which can lead to improper patient management and treatments. Hence, the manufacture of neonatal ventilators is governed by stringent government regulations.
For the detailed list of factors that will drive and challenge the growth of the neonatal ventilators market during the 2019-2023, view our report.
The neonatal ventilators market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report Global Neonatal Ventilators Market 2019-2023
Technavio recognizes the following companies as the key players in the global neonatal ventilators market: BD, GE Healthcare, Koninklijke Philips, Medtronic, Schiller, Smiths Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the advances in technology will drive the demand for neonatal ventilatory.”
According to the report, one of the major drivers for this market is the high demand for noninvasive ventilators.
Further, the report states that one of the major factors hindering the growth of this market is the issues related to neonatal ventilators.
and Smiths Group
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