Global Pediatric Medical Devices Market, By Product (Cardiology Devices, In Vitro Diagnostic (IVD) Devices, Diagnostic Imaging Devices, Telemedicine, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices Others), End User (Hospitals, Pediatric Clinics, Ambulatory Surgery Centers, Research and Academic Institutes, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Pediatric Medical Devices Market
The pediatric medical devices market is expected to witness market growth at a rate of 7.22% in the forecast period of 2021 to 2028 and is expected to reach USD 45,525.42 million by 2028. Data Bridge Market Research report on pediatric medical devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the prevalence of chronic disease in the pediatric population globally is escalating the growth of pediatric medical devices market.
Pediatric medical devices refer to the equipment or devices that are used to treat or diagnose diseases and conditions from birth through age 21. Pediatrics is referred to the branch of medicine that deals with the health and medical care of infants, children and adolescents. They are made specifically according to the body structures and functions for the use for children as they are smaller and more active than adults.
The rise in the incidences of chronic disease or infectious disease among the pediatric population such as diphtheria, leukemia, measles, mumps, anemia, asthma, chickenpox, tuberculosis, whooping cough, Lyme disease and pneumonia acts as one of the major factors driving the growth of pediatric medical devices market. The increase in the demand majorly for cardiology devices, neonatal intensive care unit (ICU) devices and monitoring devices and surge in investments in research and development programs by the government to develop the medical infrastructure in the pediatric field accelerate the pediatric medical devices market growth. The rise in demand for anesthesia and respiratory devices owning to their effectiveness in treating diseases such as asthma and increasing rate of preterm birth rate across the globe further influences the pediatric medical devices market. Additionally, growing parental awareness programs, increase in investment in research and development activities and surge in healthcare expenditure positively affect the pediatric medical devices market. Furthermore, technological advancements in pediatric devices and product launch extend profitable opportunities to the pediatric medical devices market players in the forecast period of 2021 to 2028.
On the other hand, lack of significant biocompatibility and safety criteria for medical devices are the factors expected to obstruct the pediatric medical devices market growth. The lack of awareness of the pediatric medical devices is projected to challenge the pediatric medical devices market in the forecast period of 2021-2028.
This pediatric medical devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pediatric medical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pediatric Medical Devices Market Scope and Market Size
The pediatric medical devices market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the pediatric medical devices market is segmented into cardiology devices, in vitro diagnostic (IVD) devices, diagnostic imaging devices, telemedicine, anesthesia and respiratory care devices, neonatal ICU devices and monitoring devices others.
- On the basis of end user, the pediatric medical devices market is segmented into hospitals, pediatric clinics, ambulatory surgery centers, research and academic institutes and others.
Global Pediatric Medical Devices Market Country Level Analysis
The pediatric medical devices market is analyzed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the pediatric medical devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pediatric medical devices market because of the presence of key players, well-developed healthcare infrastructure, beneficial government initiatives, high prevalence of pediatric chronic diseases and increase in the number of research partnerships within the region.
The country section of the pediatric medical devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The pediatric medical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pediatric medical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pediatric medical devices market. The data is available for historic period 2011-2019.
Competitive Landscape and Pediatric Medical Devices Market Share Analysis
The pediatric medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pediatric medical devices market.
The major players covered in the pediatric medical devices market report are Abbott, Stryker, Medtronic, Boston Scientific Corporation, Cardinal Health, F. Hoffmann-La Roche Ltd, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Baxter, Siemens Healthcare GmbH, TSE MEDICAL, DAVID, Hamilton Medical, FRITZ STEPHAN GMBH, Phoenix Medical Systems, Novonate, Inc., Elektromag, Trimpeks, Atom Medical Corp., Johnson & Johnson Services, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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