COVID-19 Impact Review: What to Expect from Ultrasonic Displacement Sensor Industry in 2020?

According to a recent report published by Research Dive, titled, "Ultrasonic Displacement Sensor Market by Type, Component, Transducer Type, and End-users: Global Opportunity Analysis and Industry Forecast, 2019-2025," the global Ultrasonic Displacement Sensor market size was valued at $ 2,627.65 Million in 2018, and is projected to reach $ 4,736.67 Million by 2025, registering a CAGR of 8.86% from 2019 to 2025. North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global Ultrasonic Displacement Sensor market share in 2018, whereas Canada is expected to grow at a significant rate in the U.S. during the forecast period. Ultrasonic displacement sensors are basically used to detect objects and measure distance in industrial applications in which versatility and reliability are the key factors. For instance, Pepperl+Fuchs offers a wide variety of ultrasonic sensors which feature benefits such as large measuring ranges of up ...

COVID-19 Impact Review: What to Expect from Neonatal Ventilator Industry in 2020?

According to a study, Neonatal Ventilator Market by Research Dive, the global neonatal ventilator market size is expected to account for $ 474.0 Million by the end of 2026, registering 6.4% CAGR over the forecast period.

Growing chronic respiratory diseases in the preterm babies is owing to the rising adoption of neonatal ventilators globally.

The neonatal ventilator market drivers include the swift growth of technological developments in healthcare set-up, especially in the developing countries. Moreover, growing awareness about the treatments that are present for treating chronic respiratory diseases will further help the rapid adoption of neonatal ventilators, and these factors will further aid in the market development. Growing government support, rising disposable income, private funding and awareness level for the prevention with better treatment for respiratory diseases is anticipated to help in neonatal ventilator market growth in the coming years.

Connect with Analyst to Reveal How COVID-19 Impacting On Neonatal Ventilator Market: https://www.researchdive.com/connect-to-analyst/33


The high cost of neonatal ventilators is anticipated to hamper the acceptance rate globally.  This restraint is observed in respect to non-invasive ventilator, which are highly effective in comparison to invasive ventilator. Moreover, the lack of healthcare infrastructure, skilled practitioners, and low budget for healthcare amenities in underdeveloped economies will hamper the smoother adoption of neonatal ventilators across the world.

On the basis of product type, invasive neonatal ventilator market has registered significant growth during the forecast period and it is anticipated to reach $317.7 million by 2026, with a CAGR of 6.2%. This is mainly due to the increasing consumption of preterm intensive care units. The non-invasive ventilator market size is anticipated to reach $156.3 million by 2026, with 6.8% CAGR.

The mechanical ventilator has substantial growth and dominated the global market in 2018, owing to recent developments such as significant reduction in the mortality and morbidity rates. Along with mechanical ventilator, the high-frequency ventilator has a prominent growth in the coming future, and is anticipated to reach $140.9 million by 2026, at a growth rate of 7.2%. 

Pressure mode neonatal ventilator market has a significant growth in the coming future and it is anticipated to reach $145.4 million by 2026, at a CAGR of 6.7%. The combined ventilation market is projected to grow over forecast period, and anticipated to reach $89.2 million by 2026, at a CAGR of 7.0%. In addition, one of the rapidly growing diseases among newborn babies is respiratory distress syndrome. Combined mode ventilation assists in order to reduce the risk of breathing problem and lung injury in preterm births.

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The neonatal ventilator market for hospitals is projected to continue its dominance and will grow at 6.2% CAGR. This segment is anticipated to reach $322.2 million by 2026. Along with hospitals, the market for clinics will experience a robust growth during forecast period, and is projected to reach $61.3 million by 2026.

Comments

  1. Thanks for sharing such an article about medical equipment. We (Lifeclave) are a holloware manufacturer and dressing drum manufacturer based in Delhi India.

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