Market For Neonatal Ventilator Is Projected To Expand At A Value CAGR Of 5.6% By 2028

Market Taxonomy

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Neonatal Ventilator Market Scope Of The Report

Fact.MR’s new report highlights the growth trajectory on neonatal ventilator market for a period of ten years, starting from 2018 till 2028.

According to the report, steady expansion has been projected for the neonatal ventilator market throughout the period of forecast.

This research study analyzes unveils the balance between supply and demand, that is expected to create growth opportunities for the neonatal ventilator market during the forecast period.

Moreover, the detailed analysis of the neonatal ventilator market offers a complete valuation of the entire market portraying a 360 degree perspective in front of the reader that can be used to identify potential revenue pockets for further business expansion.

Detailed Scrutiny of the Neonatal Ventilator Market

Principal objective of the neonatal ventilator market research report is to provide key updates on the growth patterns of the neonatal ventilators with respect to their adoption and demand.

The market for neonatal ventilators is largely influenced by government spending for initiating extensive care for preterm births that includes facilitating development of NICUs and introduction of new ventilators to provide high efficiency and reduce limitations associated with the product, for instance lung problems.

Leading market participants in the neonatal ventilator market are focusing on enhancement of their products to offer complete care and safety of the child. With this, they can expand their product lines by adding novel products, consequently boosting volume sales.

For instance, Hamilton Medical has introduced intelligent ventilators for neonates – Hamilton-G5– that offers features such as advanced ventilation modes such as ASV, protective ventilation especially for lung assessment and automated controller for cuff pressure (IntelliCuff), to name a few.

The research report begins with an executive summary of the entire neonatal ventilators market, that reflects an in-depth assessment and forecast analysis pertaining to every market segment.

The market report includes analysis of segments in terms of market share, revenues, volume sales, the absolute dollar opportunity, year on year growth rate and overall value and volume CAGRs for the period of forecast.

Segmentation of the Neonatal Ventilator Market

The research report encloses a complete market research on every critical segment of the neonatal ventilator market, which have an influence on the market’s growth during the said period.

Moreover, analysis on various trends and developments that impact this growth are also covered across major regions in the globe that have a direct association with the various market segments. Below is the synopsis covering all market segments.

In-depth Analysis on Key Competitors

The research report concludes with the inclusion of analysis on key market players that includes scrutiny on their company overview, key financials such as market shares, revenue growth, sales and volumes of products sold, and P&L statements from company filings.

Also, this section incudes SWOT analysis, key product developments and innovations, mergers and acquisitions, product portfolio, key strategies and expansion plans of the key players involved in the neonatal ventilator market.

However, the report finds that ventilator manufacturers need to address the specific challenges associated with neonatal ventilation, such as smaller inspiratory volumes, quick gas flow changes, and protection against high airway pressures.

The report finds that end-users have a marked preference for standalone neonatal ventilator devices, vis-à-vis portable and transportable devices. Sales of standalone neonatal ventilator devices are likely to reach US$ 229 Mn in 2018, whereas transportable neonatal ventilator devices are likely to account for the lowest market share.

Demand for neonatal ventilators will continue to remain robust in hospitals, followed by nursing homes and neonatal clinics. Hospitals account for nearly 45% revenue share of the market, and it is likely that status quo will remain unchanged during the assessment period.

However, demand for neonatal ventilators is likely to witness the fastest growth in neonatal clinics. The report finds that in spite of growing at a higher rate, neonatal clinics will not surpass hospitals as the largest end-user globally by 2028.

The US continues to be the largest market for neonatal ventilators globally. The report finds that in addition to being a lucrative market in terms of sales, the country is also the hub of research, innovation, and regulation. The US neonatal ventilator marketplace remains highly regulated with FDA recalling faulty products from the market.

The dominance of the US in North America’s neonatal ventilator market can be gauged from the fact that it accounts for nearly 83% revenue share of the North American neonatal ventilator market. On the back of strong demand in the US, the North America neonatal ventilator market is likely to reach a valuation of over US$ 163 Mn in 2018.

Manufacturers can expect a steady stream of opportunities to emerge from developing countries in Asia Pacific, as years of economic growth has led to a strong emphasis on revamping the healthcare system. In terms of revenues, Asia Pacific excluding Japan (APEJ) is likely to maintain its position as the third largest market for neonatal ventilators globally.