Neonatal Ventilators Market Size

Neonatal Ventilators Market Size

Neonatal Ventilators Market size was valued at around USD 361.6 million in 2022 and is estimated to reach over USD 547.8 million by 2032. The Increasing number of newborn babies, the high mortality rate in developing economies, and technological advancements in neonatal ventilators among others is projected to boost the market progress.

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For instance, as per the World Health Organization, an estimated 13.4 million babies were born preterm in 2020. This substantial rise in number of preterm births with respiratory disorders along with increasing neonatal mortality rates is set to drive the adoption of neonatal ventilators to provide breathing assistance, thereby fuelling the market growth.

Neonatal ventilators refer to specialized medical devices designed to provide mechanical respiratory support to newborn infants, particularly premature babies with respiratory problems. These ventilators are crucial for maintaining adequate oxygen levels, assisting with breathing, and supporting the respiratory development of neonates.

However, the high cost associated with neonatal ventilators may obstruct the segment revenue. The price range for neonatal ventilators can vary depending on various factors such as the brand, quality, technology, and additional features. For instance, neonatal ventilators cost around USD 15,000 to USD 20,000, while more advanced non-invasive models can cost significantly more. Furthermore, the lack of required infrastructure to operate ventilators in many emerging nations has been a concern.