Neonatal Ventilator Market Growth Is Expected To Accelerate At A Whopping 6.8% CAGR, Reaching US$ 798.1 Million | Fact.MR Study

The neonatal ventilator market reached a valuation of US$ 387.05 Million by 2021, and is likely to register a Y-o-Y growth rate of 6.0% in 2022, closing at US$ 413.37 Million. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 6.8% CAGR, reaching US$ 798.1 Million.

A surge in demand for neonatal ventilators, growth in awareness among healthcare professionals about neonatal ventilators, improvement in currently practiced invasive respiratory support systems, and upsurge in government initiatives towards prevention along with effective treatment of respiratory disorders, rise in adoption of advanced neonatal ventilator by hospitals are other end users contribute toward growth of the market.

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The readability score of the Neonatal Ventilator Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers. 

This Neonatal Ventilator market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Neonatal Ventilator along with key stakeholders as well as emerging players associated with the manufacturing of product.

Competitive landscape:

Prominent players in the Neonatal Ventilator Industry are taking advantage of the rapidly increasing demand for the Neonatal Ventilator in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

  • In January 2022, ICU Medical completed the acquisition of Smiths Medical. This acquisition helped ICU to expand its product portfolio in the intensive care department, including the addition of syringe and ambulatory pumps, peripheral IV catheters, and respiratory equipment.
  • 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.

 

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How will be insights and market estimations provided in the Fact.MR report on the Demand of Neonatal Ventilator make a difference?

  • The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
  • The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
  • The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
  • Provides scrutiny of the industry trends that have shaped recent government policies
  • Provides an account of major breakthroughs in all segments that might change the course of the market considerably
  • Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Neonatal Ventilator  Market
  • Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
  • Evaluates the role of various stages of funding on new growth avenues in key regional markets 

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