Wednesday, September 5th, 2018 - Fact.MR

Neonatal Ventilator market in Asia-Pacific (APAC) is likely to witness a significant surge owing to advances in medical technologies, such as administration of antepartum corticosteroids and replacement surfactant. Neonatal ventilator continues to witness high demand, as it has improved the survival quotient of infants in recent years, specifically for preterm infants suffering from immature functioning of lungs.

According to Fact.MR study, China, Japan, and India will continue to remain lucrative countries for growth of the neonatal market in APAC. Governments in the region are focusing more on improving the healthcare infrastructure, underpinned by influx of investments from all quarters of the world. This, coupled with surging demand for personalized healthcare services, will continue to favor growth of the APAC neonatal ventilator market in the region.

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With an increase in number of preterm births taking place in some countries of APAC, the Neonatal Intensive Care Units (NICUs) is witnessing a rise in number of admissions. Considering the statistics for growing preterm births, the number of NICUs in APAC have also increased with improved patient care facilities and higher intake capacity. This, coupled with high volume sales of product in NICUs will continue to bode well for APAC neonatal ventilator market.

Neonatal ventilator used for supporting respiratory function of the infant can result in lung injuries owing to excess airway pressure, flow, tidal volume, inflammatory and infection mediators coupled with recurring closing and opening of alveoli. This has challenged the use of neonatal ventilator and is expected to hinder the growth of the neonatal ventilator market in Asia Pacific. Addressing this challenge, manufacturers in Asia Pacific with their continued efforts have developed new techniques to adopt early CPAP (Continuous Positive Airway pressure) in order to reduce the occurrence of lung injuries.

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The study also offers forecast on the neonatal ventilator market at a global scale, with growth estimated to record 5.6% CAGR value through 2028. The report states that preterm births are one of the leading causes of infant mortality, especially owing to respiratory failures in neonates. Developed countries such as United States have witnessed a significant growth in preterm births since past decade, 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 ventilator 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 ventilator which is a positive growth influencer for neonatal ventilator market during the period of assessment.

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Keywords

Neonatal Ventilator Market, Asia Pacific Neonatal Ventilator Market, Global Neonatal Ventilator Market

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