The global pediatric medical devices market size reached US$ 38.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 75 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2023-2032.
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.
2. What is the expected growth rate of the global pediatric medical devices market during 2024-2032?
3. What are the key factors driving the global pediatric medical devices market?
4. What has been the impact of COVID-19 on the global pediatric medical devices market?
5. What is the breakup of the global pediatric medical devices market based on the product?
6. What is the breakup of the global pediatric medical devices market based on the end user?
7. What are the key regions in the global pediatric medical devices market?
8. Who are the key players/companies in the global pediatric medical devices market?
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 publisher provides an analysis of the key trends in each sub-segment of the global pediatric medical devices market report, along with forecasts at the global, regional and country level from 2024-2032. The 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
- Telemedicine
- Others
Breakup by End User:
- Hospitals
- Diagnostic Laboratories
- Pediatric Clinics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- 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
1. What was the size of the global pediatric medical devices market in 2023?2. What is the expected growth rate of the global pediatric medical devices market during 2024-2032?
3. What are the key factors driving the global pediatric medical devices market?
4. What has been the impact of COVID-19 on the global pediatric medical devices market?
5. What is the breakup of the global pediatric medical devices market based on the product?
6. What is the breakup of the global pediatric medical devices market based on the end user?
7. What are the key regions in the global pediatric medical devices market?
8. Who are the key players/companies in the global pediatric medical devices market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Pediatric Medical Devices Market
6 Market Breakup by Product
7 Market Breakup by End User
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 38.6 Billion |
| Forecasted Market Value ( USD | $ 75 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
