NEONATAL VENTILATOR MARKET ANALYSIS

Market Challenges And Opportunities

Global Neonatal Ventilator Market – Driver

Increasing prevalence of respiratory diseases among neonates

The growing incidences of respiratory diseases among neonates are a major factor leading to the high demand for neonatal ventilators. For instance, according to the data published by Annals of Global Health on February 26, 2020, respiratory distress syndrome affects nearly 49.6% of neonates. While cases of transient tachypnea and pneumonia are nearly 22.1 % and 17.2 % respectively.

• High cost of neonatal ventilators
• Lack of awareness about the neonatal ventilators

Global Neonatal Ventilator Market: Restraint

 High prices of neonatal ventilators

The cost of treatment associated with neonatal ventilators is very high. As it is an expensive method, this can restrain the growth of the global neonatal ventilator  market. For instance, according to an article published by The Journal of Maternal-Fetal & Neonatal Medicine, on July 2021, the duration of a neonatal intensive care unit and hospital stay may vary from a few days to a few weeks or a few months. This long stay increases the cost of neonatal care. The cost of NICU stay varies from US$ 90 to US$ 1,250-2,500 per day as per various studies, depending on the level of care and sickness of admitted infants. In developing countries, parents bear these charges.

This restrain can be overcome by the introduction of newer government reimbursement policies that can help parents financially.

Lack of awareness about the neonatal ventilators

The World Health Organization is recommending the use of ventilators in premature babies with respiratory distress. But there are several barriers like lack of awareness that are restraining the growth of this market. For instance, According to a article published in  the Journal of Public Health Review, on April 28, 2020 reliable availability of equipment, properly informed caregivers, and staffing shortages are the main barriers to the use of neonatal ventilators in the Saharan Africa region. The factors were identified in 17 studies including neonates who received bubble continuous positive airway pressure treatment as supporting breathing in newborns with respiratory distress. It was obtained after discussing with health facilities in the sub-Saharan district.

This can be overcome by arranging seminars, and workshops for healthcare professionals as well as for caregivers. 

Market Drivers

Increasing prevalence of respiratory diseases among neonates

The growing incidences of respiratory diseases among neonates are a major factor leading to the high demand for neonatal ventilators. For instance, according to the data published by Annals of Global Health on February 26, 2020, respiratory distress syndrome affects nearly 49.6% of neonates. While cases of transient tachypnea and pneumonia are nearly 22.1 % and 17.2 % respectively.

Introduction of newer mechanical ventilator products & accessories in market

The increasing research and development activities to invent newer mechanical ventilators or their accessories can drive the growth of the global neonatal ventilator market. For instance, on June 9, 2021, Medtronic, an Ireland-based medical device company, launched SonarMed, an airway monitoring system. This system provides audible alerts if obstruction or movement is seen in the tubes.