Neonatal Ventilators Market Size (2024 - 2029)

The neonatal ventilator market is projected to experience stable growth over the forecast period, driven by increasing demand due to the prevalence of preterm and low-weight births, which require specialized care. The COVID-19 pandemic initially boosted the market by highlighting the need for intensive care equipment, including neonatal ventilators. Despite some loss of traction post-pandemic, the market is expected to expand, particularly in middle-income countries with high birth rates and a focus on improved neonatal care. Technological advancements in ventilator design are further contributing to market growth, although the high cost of these devices may pose a challenge to demand.

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Market Size of Neonatal Ventilators Industry

Neonatal Ventilators Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 452.15 Million
Market Size (2029) USD 628.25 Million
CAGR (2024 - 2029) 6.80 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Neonatal Ventilators Market Major Players

*Disclaimer: Major Players sorted in no particular order

Neonatal Ventilators Market Analysis

The Neonatal Ventilators Market size is estimated at USD 452.15 million in 2024, and is expected to reach USD 628.25 million by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).

The outbreak of COVID-19 impacted the neonatal ventilator market significantly. The disease disrupted the supply chain of medical devices, including neonatal ventilators, initially. However, there was a positive impact and increased demand for intensive care equipment, including beds and ventilators for neonates and adults and personal protective equipment for healthcare. The demand for neonatal ventilators witnessed significant growth during the COVID-19 pandemic due to a surge in the implementation of neonatal ventilators for COVID-19-infected patients across the world. Several industry players, including GE Healthcare, Getinge AB, Medtronic, Hamilton Medical, and ICU Medical, are investing in developing and distributing as many ventilators as possible across the world, owing to the lack of neonatal ventilators in many countries. Hence, the COVID-19 pandemic had a favorable impact on the market initially, and currently, the market has lost some traction. However, it is expected to have stable growth during the forecast period.

Babies are prone to various health risks, while low-weight birth is when babies are born weighing less than 5.8 pounds. Preterm births are one of the major factors responsible for low-weight births. Preterm and low-weight babies are prone to various medical conditions and infections, and in the treatment of these diseases, neonatal ventilators are used, which is expected to fuel the growth in the neonatal ventilators market over the forecast period. For instance, the systemic review published in 2021 under the title "Trends in prevalence of low-birth-weight babies in India" explained that the world's highest prevalence of low birth weight (LBW) was found in South Asia. More than half of LBW babies worldwide, 15% of all births, come from Asia, and these factors will add to the growth of the studied market of neonatal ventilators.

According to the CDC data updated in November 2021, preterm birth affected 1 of every 10 infants born in the United States, and these babies are at a higher risk of death and disability. These babies require specialized care. These babies require specialized care. Hence, the demand for neonatal ventilators is expected to grow exponentially. With the rising cases of newborns, the demand for this equipment is also projected to increase in the near future. The neonatal ventilator has been observed to have increasing demand in middle-income countries, as birth rates in these countries are higher, and the priority for improved fetal and neonatal care is high. Constant technological advancements such as patient-triggered ventilation and VT monitoring at the proximal airway are further spurring the market growth. As a result, sales of neonatal ventilators are expected to flourish at a rapid rate.

Moreover, in October 2021, Movair launched Luisa, a portable and life-supporting ventilator with high-flow oxygen therapy in the United States. The device can be used in homes, hospitals, or institutions.

However, the high cost associated with ventilators may hamper the demand for the neonatal ventilators market.

Neonatal Ventilators Industry Segmentation

As per the scope, neonatal ventilators are artificial ventilation-supporting devices developed for their use on neonates. These ventilators are designed to offer artificial gas support to neonates in the form of gas delivery and gas extraction of oxygen and carbon dioxide, respectively. The Neonatal Ventilators Market is Segmented by Product (Invasive Ventilation and Non-invasive Ventilation), Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators, and Others), Mode (Pressure Mode Ventilation, Combined Mode Ventilation, Volume Mode Ventilation, and Other Modes), End User (Hospitals, Ambulatory Surgery Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD million) for the above segments.

By Product
Invasive ventilation
Non-invasive ventilation
By Mobility
Intensive Care Ventilators
Portable/Transportable Ventilators
Others
By Mode
Pressure Mode Ventilation
Combined Mode Ventilation
Volume Mode Ventilation
Other Modes
By End User
Hospital
Ambulatory Surgical Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Neonatal Ventilators Market Size Summary

The neonatal ventilator market is poised for significant growth over the forecast period, driven by increasing demand for specialized care for preterm and low-weight infants. The market experienced an initial boost due to the COVID-19 pandemic, which highlighted the critical need for intensive care equipment, including neonatal ventilators. This surge in demand was fueled by the global implementation of ventilators for COVID-19-infected patients, prompting major industry players to invest in expanding production and distribution. Despite a slight loss of momentum post-pandemic, the market is expected to stabilize and grow steadily, supported by rising birth rates and advancements in neonatal care technology. The introduction of innovative products, such as portable ventilators with advanced features, is further propelling market expansion.

North America is anticipated to witness robust growth in the neonatal ventilator market, attributed to high purchasing power, technological advancements, and supportive government initiatives aimed at enhancing infant safety. The region's well-equipped neonatal intensive care units (NICUs) and the presence of leading healthcare institutions contribute to this growth. Additionally, the market is characterized by moderate competition, with key players like Drägerwerk AG & Co. KGaA, General Electric Company, and Medtronic leading the charge. The ongoing development of multifunctional ventilators and strategic partnerships, such as those between 4moms and Project Sweet Peas, underscore the dynamic nature of the market, aiming to improve neonatal care outcomes and address the challenges posed by high neonatal mortality rates.

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Neonatal Ventilators Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Target Diseases

      2. 1.2.2 Rising Cases of Pre-mature Birth

      3. 1.2.3 Technological Advancements in Neonatal Ventilators

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost Associated with Neonatal Ventilators

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Invasive ventilation

      2. 2.1.2 Non-invasive ventilation

    2. 2.2 By Mobility

      1. 2.2.1 Intensive Care Ventilators

      2. 2.2.2 Portable/Transportable Ventilators

      3. 2.2.3 Others

    3. 2.3 By Mode

      1. 2.3.1 Pressure Mode Ventilation

      2. 2.3.2 Combined Mode Ventilation

      3. 2.3.3 Volume Mode Ventilation

      4. 2.3.4 Other Modes

    4. 2.4 By End User

      1. 2.4.1 Hospital

      2. 2.4.2 Ambulatory Surgical Centers

      3. 2.4.3 Other End Users

    5. 2.5 Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Italy

        5. 2.5.2.5 Spain

        6. 2.5.2.6 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 Japan

        3. 2.5.3.3 India

        4. 2.5.3.4 Australia

        5. 2.5.3.5 South Korea

        6. 2.5.3.6 Rest of Asia-Pacific

      4. 2.5.4 Middle-East and Africa

        1. 2.5.4.1 GCC

        2. 2.5.4.2 South Africa

        3. 2.5.4.3 Rest of Middle-East and Africa

      5. 2.5.5 South America

        1. 2.5.5.1 Brazil

        2. 2.5.5.2 Argentina

        3. 2.5.5.3 Rest of South America

Neonatal Ventilators Market Size FAQs

The Neonatal Ventilators Market size is expected to reach USD 452.15 million in 2024 and grow at a CAGR of 6.80% to reach USD 628.25 million by 2029.

In 2024, the Neonatal Ventilators Market size is expected to reach USD 452.15 million.

Neonatal Ventilator Market Report Snapshots

Neonatal Ventilator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)