High Preterm Birth Rate: Hotspot For Neonatal Ventilators Market

Global neonatal ventilators market is estimated to grow with a CAGR of around 7.9% during 2019-2026. Rising preterm birth rates globally is one of the major factors increasing the adoption of neonatal ventilators globally. As per the WHO report, India is one of the leading countries in terms of number of preterm births and this number is still rising in the developing countries. Around 35,19,100 number of preterm births take place in India only every year, as per WHO. A major factor giving rise to the preterm birth rate is impulsive birth, early labor pain Induction and Caesarean. In 184 countries preterm birth rate ranges from 5% to 18% of total number of babies born. Moreover, as per the Innovation Challenge Fund Organization, in Kenya about 100,000 babies born are preterm born and about 12% of all child mortality in Kenya is caused due to premature birth. Premature born babies and low birth weight babies require well trained staff and specialized caring equipment. Countries where there is lack of specialized equipment and healthcare facilities there is more chances of new born babies’ mortality. Hence, growing mortality rate related to childbirth is adding growth to the global market. For the neonatal ventilators, developing countries has huge potential as the preterm births in such countries are very high as compared to developed countries. China, Pakistan, Indonesia, Bangladesh are the major developing countries which have greatest number of preterm births globally after India which are 11,72,300, 7,48,100, 6,75,700, 4,24,100, etc. Thus, the increasing preterm birth rate is driving demand for neonatal ventilators market. Furthermore, high cost of neonatal ventilators is one of the major challenges faced by the industry, however, companies are looking for the development and innovation of advanced products that may lead for the development of cost effective products which may help the market players to overcome with this challenge through forecast period.

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Newborn diseases widening horizon for neonatal ventilators

High prevalence of newborn diseases such as congenital anomalies, respiratory distress syndrome, neonatal infection etc. This has led to the increased adoption of neonatal ventilators to diagnose fatal diseases in newborn babies. As per Department for Health Information & Research (DHIR), approximately 1 out of every 33 newborn babies suffers from congenital anomalies globally. Furthermore, according to World Health Organization (WHO), it is estimated that approximately 303,000 newborns die within first 4 weeks due to congenital anomalies every year. The major factors responsible for increasing prevalence of newborn diseases are prematurity, low birth weight, invasive medical procedures, immature immune system etc. As per WHO, up to 3.3 million newborns die every year and 23.4% of these newborns die due to neonatal infection. Other types of neonatal diseases include birth asphyxia, sepsis etc. Moreover, as per American Thoracic Society (ATS), Respiratory distress syndrome affects approximately 1% of newborn infants and is the leading cause of death in newborn babies who are born prematurely. Hence rising prevalence of newborn diseases is expected to positively influence the growth of global neonatal ventilators market.