Global Pediatric Medical Device 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 of Pediatric Medical Device
The pediatric medical device market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 42,103.14 million by 2028 and is expected grow at a CAGR of 7.65% in the above mentioned forecast period.
Medical device are the kind of instrument, apparatus, implement, machine, appliance and implant. Pediatric medical devices are the type of devices which are used to treat or diagnose diseases and conditions from birth through age 21.
The increase in prevalence of diseases and disorders such as diabetes, asthma, mental disorders, allergies and infectious diseases amongst the global pediatric population is amongst the significant factors expected to fuel the growth and demand of pediatric medical device market. In addition, the increase in awareness about these diseases and disorders among parents and rise in newborn deaths due to chronic diseases are also anticipated to push the growth in the global pediatric medical device market over the forecast period of 2021 to 2028. Likewise, the rise in the prevalence of chronic and infectious diseases among the pediatric population is also projected to lift the growth of the market. Furthermore, the rapid technological advances in pediatric devices along with the launch of state-of-the-art devices are also expected to act as significant factors which will flourish the growth of the pediatric medical device market.
The increase in pediatric patient pool and rise in government efforts to create awareness regarding pediatric disorders and treatment are expected to offer significant growth opportunities for the pediatric medical device market in the forecast period of 2021 to 2028.
However, the dearth of significant biocompatibility and safety criteria for medical devices are estimated to limit the growth of the pediatric medical device market, whereas, the various complexities related to product development and manufacturing can challenge the growth of the pediatric medical device market.This pediatric medical device 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 the pediatric medical device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pediatric Medical Device Market Scope and Market Size
The pediatric medical device market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meager 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.
- The product segment of the pediatric medical device market is segmented into cardiology devices, in vitro diagnostic (IVD) devices, diagnostic imaging devices, telemedicine, anesthesia and respiratory care devices, neonatal ICU devices, monitoring devices and others.
- On the basis of end user, the pediatric medical device market is segmented into hospitals, pediatric clinics, ambulatory surgery centers, research and academic institutes and others.
Pediatric Medical Device Market Country Level Analysis
The pediatric medical device 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 device market report are 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 region leads the pediatric medical device market owing to the strong presence of the target patient population, leading market players, and healthcare facilities and launch of pediatric medical devices. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in pediatric population, increase in preterm birth rate and rise in awareness about pediatric care.
The country section of the pediatric medical device 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 device 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 device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pediatric medical device market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Pediatric Medical Device Market Share Analysis
The pediatric medical device 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 device market.
The major players covered in the pediatric medical device market report are Abbott, Boston Scientific Corporation, Cardinal Health, Stryker, F. Hoffmann-La Roche Ltd, Medtronic, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Baxter, Siemens Healthcare Private Limited, Johnson & Johnson Services, Inc., TSE MEDICAL, Hamilton Medical, Fritz Stephan GmbH, Phoenix Medical Systems, Novonate, Inc., 3M, SCHILLER Healthcare India Pvt. Ltd., NIPRO and OLYMPUS CORPORATION 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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