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Study on Global Neonatal Ventilator Market Highlight During forecast 2018 to 2028
Neonatal Intensive Care Units (NICUs), particularly developed for providing extreme care for neonates have witnessed an increase in the number of admissions.


Fact.MR
BriefingWire.com, 8/10/2018 - The US continues to be the largest market for neonatal ventilators globally. The report finds that in addition to being a lucrative market in terms of sales, the country is also the hub of research, innovation, and regulation. The US neonatal ventilator marketplace remains highly regulated with FDA recalling faulty products from the market. The dominance of the US in North America’s neonatal ventilator market can be gauged from the fact that it accounts for nearly 83% revenue share of the North American neonatal ventilator market. On the back of strong demand in the US, the North America neonatal ventilator market is likely to reach a valuation of over US$ 163 Mn in 2018.

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Concern for Respiratory Health Grows With Increasing Number of Preterm Births and Mortality Rates

Preterm births are one of the leading causes of infant mortality, especially due to respiratory failures in neonates. Developed countries such as United States have witnessed a significant growth in preterm births since past decade. In the United States witnessed a 2 percent increase in the preterm birth rate, which is expected to further increase in the coming years.

Mortality rate associated with preterm births is largely due insufficient care in terms of respiratory monitoring and nutrition consumption. Moreover, lungs of neonates are small in size that require additional support for regulating their respiration. This has led to the adoption of neonatal ventilators that can provide the required amount of oxygen to the lungs, sufficient enough for neonates to survive even in ill respiratory conditions. According to analysis of United Nations Children’s Fund (UNICEF), around 2.6 million deaths were observed worldwide in the first month of birth. The increasing mortality rate is a clear growth determinant for the use of neonatal ventilators which is a positive growth influencer for neonatal ventilator market during the period of forecast.

NICUs to Present Lucrative Growth Opportunities

Neonatal Intensive Care Units (NICUs), particularly developed for providing extreme care for neonates have witnessed an increase in the number of admissions. In United Kingdom, around 95,000 babies are born in NICUs owing to higher preterm births in the country. In addition, with the growing preterm birth statistics, the number of NICUs have also increased with higher intake capacity and enhanced patient care facilities. This is expected to auger well for the neonatal ventilator market with respect to high volume sales of the product in NICUs across various regions.

The report finds that infant-to-adult ventilators remain an appealing prospect for end-users, but these devices are beset with challenges. The one-size-fits-all approach of infant-to-adult ventilators manufacturers continues to impede widespread adoption. Infant-to-adult ventilator manufacturers are focusing on enhancing patient safety to leverage the opportunities in this landscape. Features such as prioritized alarm messages, customized data displays, and automated weaning software being incorporated by end-users.

Browse Full Report with TOC @ https://www.factmr.com/report/758/neonatal-ventilator-market

 
 
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