Pediatric Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Pediatric Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • August 2022 •
  • 142 pages •
  • Report ID: 6313665 •
  • Format: PDF
The global pediatric medical devices market reached a value of US$ 32.44 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 54.74 Billion by 2027, exhibiting a CAGR of 8.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Pediatrics is the branch of medicine that is involved with the health and well-being of children, adolescents, and infants. Pediatric medical devices refer to equipment that is used to treat or diagnose diseases and conditions in children ranging from birth to the age of 21, primarily involving pulmonary, respiratory, and cardiac disorders. These medical tools and devices are specifically designed in a manner to suit children’s body structures and functions. The five main categories of pediatric medical devices include in-vitro diagnostic (IVD), respiratory care, monitoring, cardiology, and neonatal ICU devices. Some of the most commonly used pediatric devices include transcutaneous oxygen or carbon dioxide monitors, mechanical ventilators, continuous positive airway pressure tubes, cardiorespiratory monitors, and baby thermometers.

Pediatric Medical Devices Market Trends:
The market is primarily driven by the rising incidences of chronic and infectious diseases, such as anemia, asthma, chickenpox, mumps, pneumonia, tuberculosis, diphtheria, leukemia, measles, whooping cough, and Lyme disease, among the pediatric population. This has led to a considerable rise in the demand for advanced technologies for accurate diagnosis of such conditions, thereby fueling the market growth. Besides this, the escalating utilization of 3D medical imaging equipment in pediatric radiology is favorably impacting the market on the global level. Moreover, the increasing preterm birth rates are significantly contributing to the growth of the market. The market is also driven by various technological advancements and the widespread adoption of portable devices for home healthcare services. Furthermore, favorable initiatives undertaken by the governments of numerous countries, the introduction of attractive medical reimbursement programs, and the growing investments in research and development (R&D) activities by several key players are some of the other factors providing an impetus to the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global pediatric medical devices market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and end user.

Breakup by Product:
IVD Devices
Cardiology Devices
Anesthesia and Respiratory Care Devices
Neonatal ICU Devices
Monitoring Devices
Diagnostic Imaging Devices

Breakup by End User:
Diagnostic Laboratories
Pediatric Clinics

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Atom Medical Corporation, Baxter International Inc., Cardinal Health Inc., Fritz Stephan GmbH, General Electric Company, Hamilton Medical (Hamilton Company), Koninklijke Philips N.V., Medtronic plc, Siemens AG and Stryker Corporation.

Key Questions Answered in This Report:

How has the global pediatric medical devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global pediatric medical devices market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global pediatric medical devices market and who are the key players?
What is the degree of competition in the industry?