NEONATAL VENTILATOR MARKET ANALYSIS

Market News

Global Neonatal Ventilator Market : Key Developments

 On October 11, 2021, Movair, U.S. based medical technological manufacturer, announced the commercial launch of Luisa, a life-supporting ventilator with high-flow oxygen therapy. This advanced ventilator is intended for use in homes, institutions, hospitals, or portable applications for both invasive and non-invasive ventilation for patients with chronic and acute respiratory conditions that require long-term ventilation.

On September 4, 2020, the U.S. Centers for Medicare & Medicaid Services removed non-invasive ventilators from round 2021 of the durable medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program due to the COVID-19 pandemic. With this removal of non-invasive ventilators from round 2021, any medicare enrolled DMEPOS supplier can furnish any type of ventilators covered under this program.

On October 27, 2021, European Conference on Pediatric and Neonatal Mechanical Ventilation (EPNV) was organized as a joint meeting with European Conference on Paediatric and Neonatal Cardiac Intensive Care in Switzerland. It includes guest speaking on topics related to ventilation and respiratory failure in newborns and children.

On January 30, 2020, Nihon Kohden Corporation, Japan based medical device company launched new NKV-550 series Ventilator system, suitable for patients of all ages, from neonates to adults. It can work as invasive ventilation, noninvasive ventilation as well as high-flow oxygen therapy according to a patient’s respiratory support needs without having to change devices.

Global Neonatal Ventilator Market: Key Trends

On June 7, 2020, the U.S. Centers for Medicare & Medicaid Services updated its policy to remove the same or similar restrictions on ventilators. Same or similar denials happen when suppliers submit a claim for an item that a Medicare beneficiary already rents or owns that is still within its reasonable and useful timeline, usually about five years. Same or similar restrictions were precluding many patients from qualifying for a multi-functional ventilator if they have previously billed for oxygen, nebulizer device, etc. This restriction were removed to increase access to integrated respiratory care for ventilator users. This will give access to the benefits of respiratory cure to ventilator users.

On May 2, 2023, Medtronic, an Ireland-based medical technology and services company, initiated the recall of Puritan Bennet 980 series ventilators due to manufacturing errors. It is a class I recall event, the most serious one but not yet stated any reports of patient injuries or death.