Pediatric Medical Devices Market Research Report- Forecast till 2030

Pediatric Medical Devices Market Research Report: Information by Product [Cardiology Devices, In Vitro Diagnostic (IVD) Devices, Diagnostic Imaging Devices, Telemedicine, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices and others], End User (Hospitals, Pediatric Clinics, Ambulatory Surgery Centers, Research and Academic Institutes and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2030

ID: MRFR/MED/0474-HCR | January 2023 | Region: Global | 80 Pages         

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Pediatric Medical Devices Market Overview 

The pediatric medical devices market is expected to reach USD 29,217 Million by 2030 at 9.80% CAGR during the forecast period 2022-2030. The pediatrics’ market deals with medicines and the treatment of infants. It is a market that treats infants from birth to 21 years. Most of the treatments available in the market are for infants. Today, many patients can live fulfilling life through medical devices. The innovation and advancements in the health sector are bringing positive results in patient’s life. Even chronic illnesses are manageable through these medical devices. Medical devices for children protect them from infancy.

The prevalence of pediatric illness is turning the attention to the pediatric medical devices market. More people are aware of pediatric illness. The need to cure this illness at a young age helps the children to lead a healthy life. Illness such as tuberculosis, cough, asthma, leukemia, chickenpox, Lyme and pneumonia are prevalent pediatric illnesses. These infectious diseases take away the lives of more than 80000 children under age five every year. The need to control such illness at an early stage is high. Due to these factors, the demand for the pediatric medical devices market is surging. 

Covid analysis 

The covid 19 pandemic is leading to unexpected changes in global industries. The medical industries attention is on covid aces and treatment. Other treatments are considered non-essential during this period. Also, the pediatric medical devices market is facing challenges during this period. The number of individuals visiting pediatricians is a decline in this period.

The covid patient care and treatment is the key medical activity. The restrictions and lockdowns are delaying the pediatric treatments. Also, the supply chain of the drugs of the pediatric market is affected during this pandemic. However, the research in the pediatric medical devices industry is surging during this period. More research in the pediatric medical devices market will lead to plenty of favourable changes in the pediatric drug market. Innovation and the launch of new treatments will prove beneficial for the overall growth of the market. 

Market dynamics 

  • Crucial market drivers¬†

Technological advancement is a crucial driver for the pediatric medical devices market. There are cardiovascular devices, respiratory device imaging devices and monitoring devices in the market. All these devices enable effortless disease identification in children. The state of art devices is more useful for the pediatric medical devices market. Further, most parents are well aware of diseases that can affect their children. Most parents get their children full checked to identify these diseases in early stages. The awareness program from the pediatric medical devices market is high. The pediatric industry conducts useful awareness programs for parents having children under age 5. Unfortunately, infant death in many regions is massive. Preterm birth is causing such incidents in children life.

The surging preterm birth is leading to plenty of disorders in young children. Also, the prevalence of chronic illness among children is driving demand in the pediatric medical devices market. Chronic illness can have damaging effects on children. Early, screening and imaging process enables quick identification of any underlying condition. As per an international medical journal, children with chronic illnesses can recover with early disease identification. Further, all this is possible through more exposure to pediatric care. Parents are insisted to visit pediatricians to get full checks up for children under 5. These factors will cause a favourable demand trend in the pediatric medical devices industry. 

  • Market growth opportunities

The target patient population of the market is creating pediatric medical devices market growth opportunities. The infant population is tremendous in many regions. The birth of new children every year is massive. It is creating the pediatric medical device more number of target audiences. The increase in the infants’ population will reach the highest in the upcoming years. It will lead to plenty of growth prospects in the pediatric medical devices market.  The presence of leading market players is useful for pediatric medical devices market growth. The top key players of the market are taking more initiatives to develop the pediatric medical devices industry. Innovation, variety in medical devices and awareness programs are causing more growth opportunities in the pediatric medical devices industry. 

The technological advancements in the pediatric medical devices market are another factor driving growth. The innovation in medical devices is exceptional. They are designed for infants and children that are not harmful in any way. The prevalence of chronic illness is another factor that creates more growth opportunities. The rate of chronic illness in children is rising. There are different and new types of pediatric disorders that require medical devices to identify. 

  • The market restraints¬†

The pediatric medical devices market is a technology-oriented market. The device development has plenty of technical complications. Also, the production of each pediatric medical devices technology is a time-consuming process. The delayed production and supply chain disruptions of the pediatric medical devices market are restraining factors.

Time to deploy and train the professionals to use the device is another restraint in the pediatric medical devices industry. The need to understand and operate medical devices requires some technical knowledge. Most of the pediatrician lack skills to operate medical devices. All these factors are affecting the overall growth of pediatric medical device market. 

  • The market challenges¬†

The pediatric device market has less awareness. Comparing to other medical devices markets the pediatric medical devices market has less exposure. In most regions, full body checkup for infants is not a prevalent practice. Less awareness is a significant challenge in the market. 

Pediatric imaging, screening and respiratory devices have less exposure in developing markets. The key players are creating more awareness for the market in the forecast period. However, the overall demand for the market is affected due to less awareness of the market in the forecast period. 

  • Cumulative growth analysis¬†

The cumulative growth trend of the pediatric medical device market is steady. There are plenty of factors that stir the overall growth of the pediatric medical devices market. Technological advancements are bringing more demand to the market. The growth of imaging, cardiovascular and respiratory devices are higher. The awareness about pediatric health is another demand driving factor of the pediatric medical devices market.

The need to identify chronic illness in earlier stages is increasing the demand for the pediatric medical devices market. Less awareness about the disease and technical complications are the factors affecting growth. However, key players are taking the initiative to create more awareness for the devices. The presence of key players will lead to plenty of growth opportunities in the pediatric medical devices market. 

  • Value chain analysis¬†

North America is a region with the highest pediatric medical device market shares. The awareness about pediatric health is massive in this region. Regular health checkups for children and infants are common in this region. Also, advanced health infrastructure has many pediatric medical devices. It increases the overall demand for medical devices. Also, the prevalence of chronic illness in children is high in this region.

There are cancer, leukemia, tumour and cardiovascular disease in children. Also, infant earth is moderate due to these diseases. However, with the rapid adoption of pediatric medical devices, the demand rate is surging. US and Canada are the key contributors in North America. The presence of pediatric medical device companies in the market enables more developments. The expansion rate of the market is high due to product variation. All these factors will lead to high profitability in this region. 

Segment overview 

By product 

  • Monitoring Devices

  • Cardiology Devices

  • Neonatal ICU Devices

  • In Vitro Diagnostic (IVD) Devices

  • Neonatal ICU Devices

  • Anesthesia and Respiratory Care Devices

  • Diagnostic Imaging Devices

  • Telemedicine

By end-user 

  • Research and Academic Institutes

  • Ambulatory Surgery Centers

  • Pediatric Clinics

  • Hospitals

By end-user 

  • North America¬†

  • Europe¬†

  • Asia pacific¬†

  • The Middle East and Africa¬†

Regional analysis 

The pediatric medical device market is diversified into Asia Pacific, Europe and North America. North America dominates the overall market. Due to this, us & global pediatric medical device market revenue high in the forecast period. The investments for medical devices are tremendous in this region. The Asia Pacific is another region with lucrative growth opportunities.

The growing pediatric population is raising adoption of the device. Increasing preterm birth and infant death rate are leading to more governmental support for this market. Europe is another region with moderate demand. Also, Middle East is a merging nation with massive demand. All these key regional players will have high revenue rates in the market. 

The pediatric medical device industry key players are

  • Siemens Healthineers

  • Abbott Laboratories

  • Philips Healthcare, Baxter

  • Boston Scientific Corporation

  • Philips Healthcare

  • Cardinal Health

  • GE Healthcare

  • Stryker Corporation

  • Medtronic PLC

  • Hoffmann-La Roche Ltd
  • Recent developments¬†

  • The key players of the market are widening the pediatric medical devices market in the Middle East and Africa.¬†¬†
  • Advanced medical devices are launched in the middle and Africa to treat malnourished children.¬†
  • Report overview¬†

  • 1. Market overview highlights¬†

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

  • Report Scope:

    Report Attribute/Metric Details
      Market Size   USD 29,217 Million
      CAGR   9.80%
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product and End User
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Abbott Laboratories, Boston Scientific Corporation, Cardinal Health, Stryker Corporation, F. Hoffmann-La Roche Ltd, Medtronic PLC, GE Healthcare, Philips Healthcare, Baxter, and Siemens Healthineers.
      Key Market Opportunities   The presence of the target patient population, leading market players, and healthcare facilities, launches of pediatric medical devices, and rising per capita healthcare spending.
      Key Market Drivers

  • Technological advances in pediatric devices along with the launch of state-of-the-art devices, and growing parental awareness programs.
  • Increasing preterm birth rate, rising awareness about pediatric care, and surging prevalence of chronic diseases.

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    Frequently Asked Questions (FAQ) :

    The pediatric medical devices market had valued at USD 29,217 Million in 2030.

    The pediatric medical device market is estimated to grow at 9.80% CAGR during forecast period (2022-2030).

    Rising prevalence of chronic and infectious diseases among children.

    North America holds the largest share in the global pediatric medical device market followed by Europe and Asia Pacific, respectively.

    Boston Scientific Corporation, Abbott Laboratories, Cardinal Health, F. Hoffmann-La Roche Ltd, Stryker Corporation, Medtronic PLC, Philips Healthcare, Baxter, Siemens Healthineers, and GE Healthcare, are some of the major players operating in the pediatric medical device market.