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Neonatal Ventilator Market Size is projected to reach USD 681.72 million by 2030, growing at a CAGR of 6.7%: Straits Research

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New York, United States, Sept. 20, 2022 (GLOBE NEWSWIRE) — Neonatal ventilators are breathing assistance devices explicitly designed for neonatal patients—the primary method for treating failures or disorders of neonatal respiratory function in neonatal ventilators. A neonatal patient of this type is connected to a device via an endotracheal tube directly applied to the airway via a noninvasive ventilation (NIV) mask. In addition, it is used as a diagnostic tool to measure any abnormalities in the functioning of the respiratory system. There are currently two types of neonatal ventilators available: invasive and noninvasive. These neonatal ventilators are designed to provide neonates with artificial gas support via gas delivery and gas extraction, primarily in the forms of oxygen and carbon dioxide.

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Upsurge in Preterm Births with Respiratory Problems and Adoption of Noninvasive Neonatal Ventilators Drives the Global Market

Preterm birth is one of the leading causes of neonatal mortality due to respiratory failure. In addition, infants with a low birth weight are more likely to experience a variety of health complications and require specialized neonatal care. Inadequate neonatal care, especially respiratory monitoring and nutritional intake, significantly contributes to the high mortality rate associated with premature births. These Ventilators can improve patient compliance, accelerate healing, reduce the risk of infection, and shorten hospital stays. In addition, noninvasive neonatal ventilation is an indispensable tool for treating acute and chronic respiratory failure in-home care and intensive care settings. Shortly, noninvasive neonatal ventilators will completely replace invasive neonatal ventilators. This will allow for the highest level of patient care and administration possible. In addition, governments worldwide are collaborating with the private sector to meet the rising demand for neonatal and adult ventilators. This is being done in response to the worldwide demand for these devices.

Growing Innovations in Technology, Mobility, and Aesthetics Creates Tremendous Opportunities

The increase in the trend of semiconductor and bioelectronics technology has supplemented the development of circuits that consume less power and smaller batteries. The portability of neonatal ventilators is improved by having batteries with a small size and a long backup time. As a result, these devices have gradually replaced traditional ventilators over the past few years. Due to this, the market has experienced an increased demand for sophisticated and portable neonatal ventilators. As a result, technological advancements, portability, and improved designs in neonatal ventilators are anticipated to present lucrative growth opportunities for the neonatal ventilator market throughout the forecast period.

Report Scope

Report Metric Details
Market Size USD 681.72 million by 2030
CAGR 6.7% (2020-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, End-User, Regions
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors CARL Reiner GmbH, Draegerwerk AG & Co. KGaA, Fritz Stephan GmbH, General Electric Company (GE Healthcare), Getinge AB, Hamilton Medical AG, Inspiration Healthcare Group PLC (SLE Limited), Medtronic PLC (COVIDIEN LTD.), Smiths Group PLC, Vyaire Medical Inc.
Key Market Opportunities Innovations in Technology, Mobility, and Aesthetics to Spur Market Opportunities
Key Market Drivers Upsurge in the Number of Preterm Births with Respiratory Problems to Drive Market

Rising Adoption of Non-Invasive Neonatal Ventilators to Boost Market Progress

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Regional Analysis

North America is the most significant revenue contributor and is estimated to reach USD 209.29 million by 2030, with a CAGR of 5.1% during the forecast period. North America holds the largest share due to the presence of cutting-edge neonatal intensive care unit (NICU) facilities, a rise in the number of new-borns with chronic respiratory failure, an increase in the number of hospitals and clinics outfitted with advanced neonatal ventilators, and the availability of portable neonatal ventilators.

Key Highlights

  • The global neonatal ventilator market size was valued at USD 380.30 million in 2021. It is expected to reach USD 681.72 million by 2030, growing at a CAGR of 6.7% during the forecast period (2022–2030).
  • Based on type, the global neonatal ventilator market is bifurcated into invasive and non-invasive ventilators. The invasive segment is the highest contributor to the market, growing at a CAGR of 6.3% during the forecast period.
  • Based on end-user, the neonatal ventilator market is segregated into hospitals and clinics. The hospital segment is the most dominant and is expected to grow at a CAGR of 6.7% during the forecast period.
  • North America is the most significant revenue contributor and is estimated to reach USD 209.29 million by 2030, with a CAGR of 5.1% during the forecast period.

The global neonatal ventilator market’s major key players are

  • CARL Reiner GmbH
  • Draegerwerk AG & Co. KGaA
  • Fritz Stephan GmbH
  • General Electric Company (GE Healthcare)
  • Getinge AB
  • Hamilton Medical AG
  • Inspiration Healthcare Group PLC (SLE Limited)
  • Medtronic PLC (COVIDIEN LTD.)
  • Smith’s Group PLC
  • Vyaire Medical Inc.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/neonatal-ventilator-market/request-sample

Global Neonatal Ventilator Market: Segmentation

By Type

  • Invasive
  • Non-invasive

By End-User

  • Hospitals
  • Clinics

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

TABLE OF CONTENT

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Neonatal Ventilator Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. Invasive
      1. Market Size & Forecast
    3. Non-invasive
      1. Market Size & Forecast
  5. End-User Overview
    1. Introduction
      1. Market Size & Forecast
    2. Hospitals
      1. Market Size & Forecast
    3. Clinics
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Type
        2. By End-User
      3. Canada
        1. By Type
        2. By End-User
      4. Mexico
        1. By Type
        2. By End-User
      5. Latin America
        1. By Type
        2. By End-User
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Type
        2. By End-User
      3. France
        1. By Type
        2. By End-User
      4. U.K.
        1. By Type
        2. By End-User
      5. Italy
        1. By Type
        2. By End-User
      6. Spain
        1. By Type
        2. By End-User
      7. Rest of Europe
        1. By Type
        2. By End-User
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Type
        2. By End-User
      3. China
        1. By Type
        2. By End-User
      4. Australia
        1. By Type
        2. By End-User
      5. India
        1. By Type
        2. By End-User
      6. South Korea
        1. By Type
        2. By End-User
      7. Rest of Asia-Pacific
        1. By Type
        2. By End-User
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Type
        2. By End-User
      3. South Africa
        1. By Type
        2. By End-User
      4. Kuwait
        1. By Type
        2. By End-User
      5. Rest of Middle East & Africa
        1. By Type
        2. By End-User
  7. Company Profile
    1. Draegerwerk AG & Co KGaA
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Fritz Stephan GmbH
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. General Electric Company (GE Healthcare)
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/neonatal-ventilator-market/toc

Market News

  • April 2022– Getinge to acquire FLUOPTICS, a technology leader in Near-Infrared Imaging. Getinge has announced an agreement to acquire all of the shares of FLUOPTICS SAS, a French leader in fluorescence imaging, as a surgical aid. The acquisition will broaden Getinge’s customer offering for clinical decision support by providing safer and more efficient operations.
  • April 2022– Introduced Hamilton Connect. Hamilton Connect digital solution gives you respiratory data in the palm of your hand.

News Media

Top 7 Players in the Global Ventilators Market

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About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision-making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

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Artificial Intelligence

First Comprehensive Report on Public Web Data Released by Bright Data

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Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.

Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
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OSIA becomes an official International Telecoms Union (ITU) standard

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ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).

The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html 
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor.  More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/ 
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
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SciBase will present at the Redeye Medtech Event on April 24th

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STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.

On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
 

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