Neonatal Intensive Care Respiratory Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Neonatal intensive care respiratory devices market to exhibit productive growth during the forecast period

The global neonatal intensive care respiratory devices market is growing effectively, was valued at US$ 1530.5 Mn in 2020 and expected to reach US$ 2339.4 Mn by 2029. Globally increasing breathing disorders in the newborn babies, along with prevalence of respiratory disorders has significantly increased the revenue on a global scale. Acquisitions along with new respiratory equipment and device launches in the neonatal care industry are driving the overall growth in the emerging nations on a global scale.

Continuous positive airway pressure devices segment is expected to register higher growth by the end of 2029

New technology evolution in the design of neonatal intensive care respiratory devices, high prevalence for respiratory disorders and upsurge in incidence of preterm births and equivalent efforts to improve survival rates are probable to fuel the overall demand of respiratory devices. The ventilators in the device type segment generated maximum revenue share globally due to its need in hospitals and clinics along with new technology expansion for advanced ventilators globally. Furthermore, growth in healthier reimbursement simulations, and demand for low cost inhalers and nebulizers in neonatal intensive care respiratory devices technology are factors driving the growth on global scale.

Increasing admissions due to respiratory disorders in the hospital segment to witness a significant CAGR

Increasing cardiovascular, and other respiratory diseases in infants are notable variables expected for the growth of the global neonatal intensive care respiratory devices market. According to FDA, in 2016, more than 6% of 4 million child births in the U.S. every year needs neonatal intensive care unit (NICU) admission and majority of them were due to preterm birth. NICU is also utilized for newborn babies with health disorders such as heart problems, infections, or birth defects. Increasing population along with increasing hospital admissions in the Asia Pacific is a major factor in escalating the growth in the end user segment. Moreover, growth in the specialty clinics and nursing homes in the emerging nations along with increased government funding for child care has sustained the administrations of neonatal intensive care respiratory devices on a global scale.

Increasing population, new product launches and the presence of top players holds the U.S. in dominant position

In 2020, the U.S contributed maximum revenue in the global neonatal intensive care respiratory devices market accredited to the rising prevalence of respiratory disorders. Major factors include increasing awareness, FDA approvals for advanced devices, and increasing emergency care services along with better reimbursement structure. Developing nations always suffer the burden of neonatal and fetal deaths. As per WHO, more than 2.5 million infant deaths were reported in the year 2017. Nevertheless, in poorer nations the accessibility of advanced devices are limited. Lack of skilled physicians, very less suitability of medical treatment and the high cost of various products along with the availability are few factors restraining the overall growth of the neonatal intensive care respiratory devices market.

Dominance of multinational manufacturers with strong product portfolio in the developed regions

Major players in the neonatal intensive care respiratory devices market are GE Healthcare, Medtronic plc., C. R. Bard, Inc., Inspiration Healthcare Group plc, Getinge AB, Drägerwerk AG & Co. KGaA, Becton, Dickinson and Company, Cook Medical, Teleflex Incorporated, Trudell Medical International, Mercury Medical and others. Major organizations are executing progressive strategies with new medical technology expansion in neonatal intensive care respiratory devices designs along with acquisitions and partnerships with top medical device manufacturers.

Historical & Forecast Period

This study report represents analysis for each segment from 2019 to 2029 considering 2020 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2021 to 2029.

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall neonatal intensive care respiratory devices market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the neonatal intensive care respiratory devices market and valuable opportunities for emerging players?
• Market positioning of major key players operating in the market?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which device type segment holds a larger market share and why?
• Are low and middle-income economies investing in the neonatal intensive care respiratory devices market?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?

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