Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A neonatal ventilator is a medical device commonly used in medical settings to provide mechanical exchange for oxygen and carbon dioxide. This process is also known as artificial respiration. Ventilators which are used during the treatment of neonates are known as neonatal ventilators. The neonatal respiratory failures are majorly treated with the help of neonatal ventilators. Neonatal ventilators are designed to facilitate air supply into and out of the lungs of patients, who are physically unable to breathe. Rising incidence of preterm births with respiratory disorders and mortality rates are expected to increase demand for neonatal ventilators, which in turn is expected to fuel the neonatal ventilator market growth over the forecast period. Furthermore, increasing spending in healthcare is expected to fuel the growth of Asia Pacific market in neonatal ventilators.
Rising neonate mortality rates along with increasing number of preterm births with respiratory disorders are and will be the major factors driving market growth. Due to the increasing number of preterm births infant mortality, specifically due to respiratory failures in neonates has increased. Technological advancements in neonatal ventilators’ design and function are resulting in rising adoption rate, especially in developed countries. Moreover, growing birth rate will boost the market demand in forecast period. Moreover rising investments in healthcare sector and advent of new technologies related to ventilatory support will positively contribute to the growth of Asia Pacific neonatal ventilators market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 Degree analysis of micro and macro-economic factors on the Asia Pacific neonatal ventilators market. In addition, complete analysis of changes on the Asia Pacific neonatal ventilators market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. There was a positive effect and growth in the demand for neonatal ventilators in COVID-19 pandemic owning to rapidly growing cases of COVID-19 and increasing number of ICU admissions across Asia Pacific region which is boosting the demand for neonatal ventilators.
Neonatal ventilators market comprises of different market segments like by product, mode, mobility, end users and country.
By product, the neonatal ventilators market includes key segment of invasive ventilators, non-invasive ventilators. Non-invasive ventilation segment dominate the market. The non-invasive ventilation provides better tolerance and convenience which includes continuous positive airway pressure, bilevel positive airway pressure, and automatic positive airway pressure. The non-invasive segmental growth is attributed to the advantages such as cost effectiveness and easy availability of non-invasive ventilation in the hospitals. The non-invasive is expected to lead and grow at rapid pace in the forecast period.
The neonatal ventilators market is available in the market by different mode pressure mode ventilation, combined mode ventilation, volume mode ventilation. The control mode ventilator segment dominates the market. The tidal volume is the defined variable which is used by the ventilator to give feedback to the solenoid valve circuits. The control mode ventilator maintains a stable minute volume over a range of changing pulmonary characteristics which accounts into an advantage of control mode ventilator. In addition, the initial flow rate in control mode ventilator is lower than in other modes. The control mode ventilator segment is expected to possess substantial growth in the forecast period.
The neonatal ventilators by mobility are segmented into intensive care ventilators, portable/transportable ventilators. The intensive care ventilators hold large market share and are expected to grow in the forecast period in the region. The intensive care ventilators are subdivided into high-end, mid-end and basic-end ventilators. Due to the rapidly growing COVID-19 cases increasing number of ICU admissions across Asia Pacific region has increased due to which there is a surge in the demand of intensive care ventilators in the Asia Pacific region. With the increasing number of COVID-19 cases the demand for intensive care ventilators will trigger the demand for intensive care ventilators in the market and the neonatal ventilators market growth across Asia Pacific region.
The neonatal ventilators market finds its major end user in hospitals, nursing homes, clinics, ambulatory surgical centers. The hospital segment dominates the market owning to factors such as increasing number of hospitals and rising medical emergencies due to COVID-19 pandemic. The critically ill patients suffering from coronavirus disease require intensive care. The demand for ICU beds and neonatal ventilators in the hospitals is expected to increase across Asia Pacific region. Moreover increase in preterm births is one of the leading causes of infant mortality, specifically due to respiratory failures in neonates. Owing to the high prevalence of these medical conditions and respiratory illnesses in neonates will propel the growth of hospital segment in the forecast period.
The Asia Pacific neonatal ventilators market is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others. Japan dominates the neonatal ventilators market. China is expected to be the fastest growing country in the neonatal ventilators market. The neonatal ventilators market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period. Increasing adoption of advance technology amongst population and rising preterm births is one of the leading causes of infant mortality, specifically due to respiratory failures in neonates. Also the rising incidence of preterm births with respiratory disorders and mortality rates are expected to increase demand for neonatal ventilators in The Asia Pacific region.
The key players in neonatal ventilators market are Air Liquide, VYAIRE, Hamilton Medical, Breas Medical, Drägerwerk AG & Co. KGaA, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Getinge AB, ResMed, Smiths Medical, Inc., Fisher & Paykel Healthcare Limited, Asahi Kasei Medical Co., Ltd., Sechrist, Allied Healthcare Products, Inc., NIHON KOHDEN CORPORATION, Airon Corporation, SCHILLER, Philips Healthcare, Medtronic plc
April 2020, Philips Healthcare launched mechanical ventilators named Philips Respironics E30 Ventilator as a readily available ventilation alternative during the COVID-19 crisis in situations where full-featured, critical care ventilators are not available. Philips will begin production immediately, ramping up outputs on an ongoing basis with expectations of producing 15,000 units per week
April 2020, Philips partnered with Flex and Jabil to expand its hospital ventilator assembly lines and strengthen its supply chain. This partnership will enable the company to produce 4,000 hospital ventilators per week by the third quarter of 2020. Fully featured hospital ventilators to invasively treat COVID-19 patients with respiratory insufficiency in critical care environments - such as the Philips Trilogy EV300 and Philips Respironics V60 - are complex medical devices.
March 2019, ResMed acquired HB Healthcare to increase the company’s customer base and strengthen its wider network of trusted distributor partners. ResMed a global leader in cloud-connected sleep and respiratory care devices in more than 120 countries.
The report analyses the neonatal ventilators market based on different market segments like by product, mode, mobility, end users and country. By product, the neonatal ventilators market includes key segment of invasive ventilators, non-invasive ventilators. Non-invasive ventilation segment dominate the market. The non-invasive ventilation provides better tolerance and convenience. The neonatal ventilators market is available in the market by different mode pressure mode ventilation, combined mode ventilation, volume mode ventilation. The control mode ventilator segment dominates the market. The control mode ventilator maintains a stable minute volume over a range of changing pulmonary characteristics which accounts into an advantage of control mode ventilator. The neonatal ventilators by mobility are segmented into intensive care ventilators, portable/transportable ventilators. The intensive care ventilators hold large market share and are expected to grow in the forecast period in the region. The neonatal ventilators market finds its major end user in hospitals, nursing homes, clinics, ambulatory surgical centers. The hospital segment dominates the market owning to factors such as increasing number of hospitals and rising medical emergencies due to COVID-19 pandemic. The Asia Pacific neonatal ventilators market is studied for the following countries like China, India, Japan and Rest of Asia Pacific among others.
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