Latin America Neonatal Ventilators Market Report and Forecast 2024-2032

Latin America Neonatal Ventilators Market Report and Forecast 2024-2032

Latin America Neonatal Ventilators Market Report and Forecast 2024-2032

Latin America Neonatal Ventilators Market Size

The global neonatal ventilators market was valued at USD 407.9 million in 2023, with Latin America holding a significant market share. The market is driven by continuous advancements in ventilator technology. It is expected to grow at a CAGR of 6.41% during the forecast period of 2024-2032, with the values likely to attain USD 714.2 million by 2032.

Latin America Neonatal Ventilators Market Outlook

• In April 2024, a study revealed that around 25% of all newborns globally are born too soon or too small, often leading to preterm births . Latin America also comprises a significant proportion of these preterm infants requiring respiratory assistance. The rising preterm birth rate is likely to augment the market demand for neonatal ventilators in the forecast period.
• One of the major Latin America neonatal ventilators market trends is the increased government initiatives aimed at improving neonatal health and reducing infant mortality rates. In June 2023, the Honduran Alliance for Neonatal Health was established to improve neonatal care in Honduras, which is poised to enhance access to neonatal ventilator devices and encourage the adoption of advanced ventilator technology in the region.
• The rising advancements in ventilator technology such as the development of non-invasive ventilation techniques including nasal continuous positive airway pressure or high-flow nasal cannula are anticipated to boost the market share.

Latin America Neonatal Ventilators Market Analysis

Neonatal ventilators help to provide respiratory support to newborns who are unable to breathe properly on their own. These specialized medical devices are widely utilized in neonatal intensive care units (NICUs) for treating neonates with respiratory distress or other pulmonary issues. The rising advancements in ventilator technology such as the development of non-invasive ventilation techniques including nasal continuous positive airway pressure or high-flow nasal cannula are expected to significantly contribute to the Latin America neonatal ventilators market growth.

The market is also influenced by the increase in preterm birth rates which can be attributed to factors like inadequate prenatal care, maternal health issues, and socioeconomic aspects, among others. In April 2024, a study published in the Lancet revealed that around 25% of all newborns globally, which accounts for 35 million babies, are born too soon or too small, often leading to preterm births . Latin America also comprises a significant proportion of these preterm infants requiring respiratory assistance such as mechanical ventilation to aid them in breathing until their lungs mature. Thus, the rising preterm birth is likely to augment the Latin America neonatal ventilators market demand.

One of the major market trends is the increased government initiatives aimed at improving neonatal health and reducing infant mortality rates. In June 2023, the Honduran Alliance for Neonatal Health was established by the Honduran Ministry of Health in collaboration with the Latin American Centre for Perinatology/Women's and Reproductive Health (CLP/WR) and the Pan American Health Organization/World Health Organization (PAHO/WHO), and the financial backing from the Canadian government. The alliance aims to promote evidence-based interventions in newborn health and improve the effectiveness of policies and programs in neonatal care in Honduras (a country in Central America). Such initiatives and fundings to improve neonatal care are poised to enhance access to neonatal ventilator devices and encourage the adoption of advanced ventilator technology in healthcare facilities in the region, thereby boosting the market share.

Latin America Neonatal Ventilators Market Segmentation  

The report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

Invasive Ventilation

Non-invasive Ventilation

Hybrid Ventilation

Market Breakup by Mobility Type

Intensive Care Ventilators

Portable and Transportable Ventilators

Others

Market Breakup by Technology

Mechanical Ventilators

High Frequency Ventilators

Hybrid Ventilators

Others

Market Breakup by Mode

Pressure Mode Ventilation

Combined Mode Ventilation

Volume Mode Ventilation

Others

Market Breakup by End User

Hospitals

Ambulatory Surgical Centers

Clinics

Others

Market Breakup by Country

Brazil

Argentina

Mexico

Others

Leading Players in the Latin America Neonatal Ventilators Market

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Becton, Dickinson and Company
• Philips Healthcare
• Drägerwerk AG & Co. KGaA
• Hamilton Medical AG
• Vyaire Medical, Inc.
• GE Healthcare
• Mindray Medical International Limited
• Inspiration Healthcare Group plc
• heyer medical AG
• Medtronic

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

FAQs

• What is the Latin America neonatal ventilators market forecast outlook for 2024-2032?

The Latin America neonatal ventilators market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 6.41% during the forecast period of 2024-2032 and is likely to reach a market value of USD 714.2 million by 2032.

• What are the major factors aiding the Latin America neonatal ventilators market demand?

The rising preterm birth rates and the growing demand for advanced ventilator technology are fuelling the demand for the market.

• What are the major Latin America neonatal ventilators market trends?

One of the significant trends in the market is the increased government initiatives aimed at improving neonatal care and reducing infant mortality rates. In June 2023, the Honduran Alliance for Neonatal Health was established to improve neonatal health in Honduras, which is poised to enhance access to advanced neonatal ventilator devices in the region.

• What is the market segmentation based on the product?

Based on the product, the market is segmented into invasive ventilation, non-invasive ventilation, and hybrid ventilation.

• What is the market breakup by mobility type?

By mobility type, the market is divided into intensive care ventilators, along with portable and transportable ventilators, among others.

• What is the market breakup by technology?

By technology, the market is divided into mechanical ventilators, high frequency ventilators, and hybrid ventilators, among others.

• What are the major end users of the market?

End users of the market are hospitals, ambulatory surgical centers, and clinics, among others.

• What is market segmentation by mode?

Based on the mode, the market is segmented into pressure mode ventilation, combined mode ventilation, and volume mode ventilation, among others.

• What is the market segmentation by countries?

The market segmentation by countries includes Brazil, Argentina, and Mexico, among others.

• Who are the key players involved in the Latin America neonatal ventilators market?

The key players in the market are Becton, Dickinson and Company, Philips Healthcare, Drägerwerk AG & Co. KGaA, Hamilton Medical AG, Vyaire Medical, Inc., GE Healthcare, Mindray Medical International Limited, Inspiration Healthcare Group plc, Heyer Medical AG, and Medtronic.

Meta description

The Latin America neonatal ventilators market is poised for growth, driven by the expansion of the global market, which was valued at USD 407.9 million in 2023 and is projected to grow at a CAGR of 6.41% during the forecast period of 2024-2032.

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