Neonatal Ventilators and Incubators Market to Exceed US$ 1.6 Billion by 2031: Transparency Market Research, Inc. Study

The rise in prevalence of respiratory distress in newborns especially in preterm births is expected to fuel the global market

Wilmington, Delaware, United States,, Feb. 15, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – Surge in usage of ventilators in neonatal intensive care units to treat respiratory distress and common respiratory disorders, and advancement in neonatal transport incubators are expected to offer lucrative opportunities to companies. The neonatal ventilators and incubators market size is estimated to exceed US$ 1.6 Bn by 2031, expanding at a CAGR of 7.0% from 2022 to 2031.

Companies are focusing on new product developments to launch advanced and non-invasive ventilators for neonatal care. Growing awareness about neonatal morbidity of birth asphyxia is expected to accelerate the neonatal ventilators and incubators industry growth. Perinatal asphyxia has emerged as a global health burden and is a key cause of early neonatal mortality. Furthermore, rise in number of preterm births has positively influenced the neonatal ventilators and incubators market outlook.

Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority):
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55833

Key Findings of Study

• Advanced Respiratory Care in Neonatal Intensive Care Units: Rise in demand for advanced respiratory care in neonatal intensive care units (NICUs) is likely to create new growth avenues in the neonatal ventilators and incubators market. Significant increase in number of preterm births at hospitals has spurred the usage of ventilators and incubators in NICU. The adoption rate of neonatal ventilators and incubators is expected to be high in hospitals compared to specialty clinics and ambulatory surgical centers. The hospital segment therefore held the leading market share in 2021.
• Treating Neonatal Birth Asphyxia: Increase in usage of ventilators to treat neonatal birth asphyxia has bolstered the revenue growth for companies in the market. Rise in adoption of neonatal incubators has generated sizable revenues to companies. In terms of type, the neonatal incubators segment held the dominant share of the market in 2021. Increase in number of preterm births in the neonatal intensive care unit augments the risk of respiratory distress, and if unmanaged can lead to respiratory failure.

Key Drivers

• Rise in demand for ventilation support for preterm births and advancement in noninvasive ventilation mode is expected to augment the neonatal ventilators and incubators market.
• Increase in incidence of neonatal asphyxia is propelling the product demand in hospitals, specialty clinics, and ambulatory surgical centers. Hospitals are implementing guidelines to manage babies with birth asphyxia.

Buy this Premium Research Report | Immediate Delivery Available –
https://www.transparencymarketresearch.com/checkout.php?rep_id=55833&ltype=S

Regional Growth Dynamics

• North America held major market share in 2021. Extensive product adoption in the region has generated substantial revenues for companies. The market in North America is anticipated to expand at a promising growth rate during the forecast period 2022–2031. High prevalence of asphyxia in neonates and technological advancements in respiratory support for preterm births are expected to propel the regional market in the next few years.
• Asia Pacific is also a lucrative market. Surge in usage of neonatal ventilators has steered market development in Asia Pacific. Rise in awareness about neonatal care owing to government support is expected to boost product demand.

Competition Landscape

The landscape is fragmented due to the presence of several local and international players holding significant share of the market. Key players operating in the neonatal ventilators and incubators industry are

• Movair,
• DragerWorks,
• ResMed,
• Hamilton Company,
• Air Liquide Medical Systems,
• GE Healthcare,
• Koninklijke Philips N.V., and Schiller.

Ask for References –
https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=55833

Neonatal Ventilators and Incubators Market Segmentation

Type

• Neonatal Ventilators
  • Invasive
  • Non-invasive
• Neonatal Incubators
  • Transport Incubators
  • Intensive Care Incubators

End-user

• Hospitals
• Pediatric & Neonatal Intensive Care Units
• Others

Regions Covered

• North America
• Europe
• Latin America
• Asia Pacific
• Middle East & Africa

Related Healthcare Reports

• Varicose Vein Treatment Market
• Surgical Microscopes Market
• Ultra-large Volume Wearable Injectors Market
• Behavioral Health Market
• Bone Growth Stimulators Market
• Depth of Anesthesia Monitoring Devices Market
• Blood Pressure Monitoring Devices Market
• Telemedicine Market

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,Suite 1200,
Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]