A preterm birth or premature birth is the birth of a baby before 37 weeks of gestation. The rising incidence of preterm births is the leading cause of infant mortality. Preterm birth rates depend on racial and ethnic differences as well. Owing to the rising number of preterm births and mortality rates, initiatives by the World Health Assembly and UNICEF seek to provide improved obstetric and neonatal care units with high-end equipment such as neonatal ventilators that can provide a sufficient amount of oxygen to neonates. Considering all these factors, the growing incidence of preterm births and mortality rates will drive the growth of the global neonatal ventilators market during the forecast period. Acquire Market Analysts have predicted that the neonatal ventilators market will register a CAGR of almost 8% by 2023.
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High demand for noninvasive ventilators
Noninvasive ventilators are devices that aid in the administration of ventilatory support through the upper airway sac using a nasal mask without the incorporation of an invasive artificial airway such as an endotracheal tube or a tracheostomy tube.
Stringent regulatory requirements
Neonatal ventilators are used to provide respiratory care in premature neonates and neonates with respiratory illnesses. However, design faults, malfunctioning, and technical errors are some of the issues that are associated with neonatal ventilators, which can lead to improper patient management and treatments. Hence, the manufacture of neonatal ventilators is governed by stringent government regulations.
For the detailed list of factors that will drive and challenge the growth of the neonatal ventilators market during the 2019-2023, view our report.
The neonatal ventilators market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Table of content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
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