Pediatric Medical Device Market Research Report- Global Forecast till 2025

Global 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 2025

ID: MRFR/MED/0474-HCR | February 2021 | Region: Global | 80 pages

Market Scenario


Pediatric Medical Devices Market is expected to register a healthy CAGR over the forecast period. The pediatric medical devices market size accounted for USD 23,145.6 million in 2018 and is projected to register a CAGR of 8.8% during the forecast period. Pediatrics is the branch of medicine that deals with the health and medical care of infants, children, and adolescents. Pediatric medical devices treat or diagnose diseases and conditions from birth through age 21. Several pediatric medical devices are specifically designed and developed for children, but in some cases, adult devices are also used. Factors representing the growth of global pediatric medical devices are globally rising prevalence of chronic and infectious diseases among the pediatric population, increasing preterm birth rate, technological advances in pediatric devices along with the launch of state-of-the-art devices, and growing parental awareness programs. About 15 million babies are born preterm (before 37 completed weeks of gestation) every year. The rate of preterm birth ranges from 5% to 18% of babies born across 184 countries around the world. This is fueling the demand majorly for cardiology devices, neonatal intensive care unit (ICU) devices, and monitoring devices, thereby supporting the market growth. On the contrary, lack of significant biocompatibility and safety criteria for medical devices is anticipated to hinder the market growth during the forecast period.


Segmentation


The global pediatric medical devices market has been segmented into product, end-user, and region.


By product, the market has been 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. The anesthesia and respiratory care devices segment is likely to witness significant market growth during the forecast period due to the rising burden of pediatric respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, tuberculosis, and pneumonia.


On the basis of end-user, the global pediatric medical devices market has been categorized into hospitals, pediatric clinics, ambulatory surgery centers, research and academic institutes, and others. The hospital's segment is expected to hold a greater market share over the next seven years attributed to a gradual rise in the number of government and private hospitals in emerging countries such as China and India along with increase in the adoption of pediatric care equipment in hospitals.


The global pediatric medical devices market has been segmented on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The pediatric medical devices market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.


The European pediatric medical devices market has been segmented into Western Europe and Eastern Europe. Western Europe, pediatric medical devices market, has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.


The pediatric medical devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The pediatric medical devices market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players


Few of the prominent global pediatric medical devices market are Abbott Laboratories, Boston Scientific Corporation, Cardinal Health, Stryker Corporation, F. Hoffmann-La Roche Ltd, Medtronic PLC, GE Healthcare, Philips Healthcare, Baxter, and Siemens Healthineers.


Regional Market Summary


Global Pediatric Medical Devices Market Share (%), by Region, 2018


Source: White Papers, Company Presentations, Annual Reports, and MRFR Analysis


Geographically, the Americas held substantial market share in 2018 and is likely to retain its dominance over the forecast period. The presence of the target patient population, leading market players, and healthcare facilities, launches of pediatric medical devices, and rising per capita healthcare spending in the US and Canada is expected to drive the market in the region. In 2018, the US spent USD 10,586 on healthcare per capita, which was USD 10,209 per capita in the year 2017.


Asia-Pacific would follow the Americas in terms of revenue and is also anticipated to exhibit lucrative market growth during the assessment period. This is attributed to the growing pediatric population, increasing preterm birth rate, rising awareness about pediatric care, and surging prevalence of chronic diseases in India, China, Japan, and Australia. For instance, India has approximately 3.5 million premature births occur each year, which is fueling the demand for medical equipment and hence nurturing market growth.


Augmented demand for chronic disease treatment, developed healthcare infrastructure, and a rising number of hospitals and pediatric clinics in the UK, Germany, and France is fostering the growth of the European pediatric medical devices market.


The pediatric medical devices market in the Middle East & Africa will display a modest market growth rate from 2019 to 2025. The Middle East would lead the market during the review period. In addition, the African region and South-East Asia have reported the highest prevalence of undernutrition in 2017. Around 39.4% of the stunted, 24.9% of the underweight, and 10.3% of the wasted children under-5 years of age are suffering from malnutrition in sub-Saharan Africa. This might lead to the development of various diseases. This is expected to assist in regional revenue growth during the forecast period.


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


Global Pediatric Medical Devices Market, by End User



  • Hospitals

  • Pediatric Clinics

  • Ambulatory Surgery Centers

  • Research and Academic Institutes

  • Others


Global Pediatric Medical Devices Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Manufacturers and distributors of pediatric medical devices

  • Medical devices suppliers

  • Venture capitalists

  • Medical devices companies

  • Research and academic institutes

  • Healthcare facilities

  • Association and government bodies

  • Research and development (R&D) companies

  • Market research and consulting service providers

  • Corporate entities



Frequently Asked Questions (FAQ) :


The global pediatric medical devices market had valued at USD 23,145.6 MN in 2018.

The global pediatric medical device market is estimated to grow at 8.8% CAGR during forecast period (2018-2025).

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.

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Pediatric Medical Devices Market, by Product

1.1.2. Global Pediatric Medical Devices Market, by End User

1.1.3. Global Pediatric Medical Devices Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.5. Breakdown of Primary Respondents

3.6. Forecasting Techniques

3.7. Research Methodology for Market Size Estimation

3.8. Bottom-Up Approach

3.9. Top-Down Approach

3.10. Data Triangulation

3.11. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

6. GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT

6.1. Overview

6.2. Cardiology Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.3. In-Vitro Diagnostic (IVD) Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.4. Diagnostic Imaging Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.5. Telemedicine

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.6. Anesthesia and Respiratory Care Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.7. Neonatal ICU Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.8. Monitoring Devices

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

6.9. Others

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7. GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY END USER

7.1. Overview

7.2. Hospitals

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7.3. Pediatric Clinics

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7.4. Ambulatory Surgery Centers

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7.5. Research and Academic Institutes

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

7.6. Others

Market Estimates & Forecast, by Region, 2019–2025

Market Estimates & Forecast, by Country, 2019–2025

8. GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY REGION

8.1. Overview

8.2. Americas

8.2.1. North America

8.2.1.1. US

8.2.1.2. Canada

8.2.2. Latin America

8.3. Europe

8.3.1. Western Europe

8.3.1.1. Germany

8.3.1.2. France

8.3.1.3. Italy

8.3.1.4. Spain

8.3.1.5. UK

8.3.1.6. Rest of Western Europe

8.3.2. Eastern Europe

8.4. Asia-Pacific

8.4.1. Japan

8.4.2. China

8.4.3. India

8.4.4. Australia

8.4.5. South Korea

8.4.6. Rest of Asia-Pacific

8.5. Middle East & Africa

8.5.1. Middle East

8.5.2. Africa

9. COMPANY LANDSCAPE

9.1. Overview

9.2. Competitor Dashboard

9.3. Major Growth Strategies in the Pediatric Medical Devices Market

9.4. Competitive Benchmarking

9.5. The Leading Players in terms of Number of Developments in the Pediatric Medical Devices Market

9.6. Key Developments & Growth Strategies

9.7. Major Market Players Financial Matrix & Market Ratio

10. COMPANY PROFILES

10.1. Abbott Laboratories (US)

10.1.1. Company Overview

10.1.2. Products/Services Offered

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Boston Scientific Corporation (US)

10.2.1. Company Overview

10.2.2. Products/Services Offered

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Medtronic PLC (Ireland)

10.3.1. Company Overview

10.3.2. Products/Services Offered

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Cardinal Health (US)

10.4.1. Company Overview

10.4.2. Products/Services Offered

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. F. Hoffmann-La Roche Ltd (Switzerland)

10.5.1. Company Overview

10.5.2. Products/Services Offered

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. GE Healthcare (US)

10.6.1. Company Overview

10.6.2. Products/Services Offered

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Philips Healthcare (US)

10.7.1. Company Overview

10.7.2. Products/Services Offered

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Baxter (US)

10.8.1. Company Overview

10.8.2. Products/Services Offered

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Siemens Healthineers (Germany)

10.9.1. Company Overview

10.9.2. Products/Services Offered

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Stryker Corporation (US)

10.10.1. Company Overview

10.10.2. Products/Services Offered

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

11. APPENDIX

11.1. References

11.2. Related Reports


LIST OF TABLES

TABLE 1 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET SYNOPSIS, 2019–2025

TABLE 2 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)

TABLE 3 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 4 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 5 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET, BY REGION, 2019–2025 (USD MILLION)

TABLE 6 NORTH AMERICA: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 7 NORTH AMERICA: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 8 US: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 9 US: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 10 CANADA: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 11 CANADA: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 12 LATIN AMERICA: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 13 LATIN AMERICA: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 14 EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 15 EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 16 WESTERN EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 17 WESTERN EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 18 EASTERN EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 19 EASTERN EUROPE: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 20 ASIA-PACIFIC: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 21 ASIA-PACIFIC: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 22 MIDDLE EAST & AFRICA: PEDIATRIC MEDICAL DEVICES MARKET, BY PRODUCT, 2019–2025 (USD MILLION)

TABLE 23 MIDDLE EAST & AFRICA: PEDIATRIC MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE OF THE GLOBAL PEDIATRIC MEDICAL DEVICES MARKET

FIGURE 3 MARKET DYNAMICS OF THE GLOBAL PEDIATRIC MEDICAL DEVICES MARKET

FIGURE 4 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY PRODUCT, 2018 (%)

FIGURE 5 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY END USER, 2018 (%)

FIGURE 6 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY REGION, 2018 (%)

FIGURE 7 AMERICAS: PEDIATRIC MEDICAL DEVICES MARKET SHARE BY REGION, 2018 (%)

FIGURE 8 NORTH AMERICA: PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2018 (%)

FIGURE 9 EUROPE: PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY REGION, 2018 (%)

FIGURE 10 WESTERN EUROPE: PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2018 (%)

FIGURE 11 ASIA-PACIFIC: PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2018 (%)

FIGURE 12 MIDDLE EAST & AFRICA: PEDIATRIC MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2018 (%)

FIGURE 13 GLOBAL PEDIATRIC MEDICAL DEVICES MARKET: COMPANY SHARE ANALYSIS, 2018 (%)

FIGURE 14 ABBOTT LABORATORIES: KEY FINANCIALS

FIGURE 15 ABBOTT LABORATORIES: SEGMENTAL REVENUE

FIGURE 16 ABBOTT LABORATORIES: REGIONAL REVENUE

FIGURE 17 BOSTON SCIENTIFIC CORPORATION: KEY FINANCIALS

FIGURE 18 BOSTON SCIENTIFIC CORPORATION: SEGMENTAL REVENUE

FIGURE 19 BOSTON SCIENTIFIC CORPORATION: REGIONAL REVENUE

FIGURE 20 MEDTRONIC PLC: KEY FINANCIALS

FIGURE 21 MEDTRONIC PLC: SEGMENTAL REVENUE

FIGURE 22 MEDTRONIC PLC: REGIONAL REVENUE

FIGURE 23 CARDINAL HEALTH: KEY FINANCIALS

FIGURE 24 CARDINAL HEALTH: SEGMENTAL REVENUE

FIGURE 25 CARDINAL HEALTH: REGIONAL REVENUE

FIGURE 26 F. HOFFMANN-LA ROCHE LTD: KEY FINANCIALS

FIGURE 27 F. HOFFMANN-LA ROCHE LTD: SEGMENTAL REVENUE

FIGURE 28 F. HOFFMANN-LA ROCHE LTD: REGIONAL REVENUE

FIGURE 29 GE HEALTHCARE: KEY FINANCIALS

FIGURE 30 GE HEALTHCARE: SEGMENTAL REVENUE

FIGURE 31 GE HEALTHCARE: REGIONAL REVENUE

FIGURE 32 PHILIPS HEALTHCARE: KEY FINANCIALS

FIGURE 33 PHILIPS HEALTHCARE: SEGMENTAL REVENUE

FIGURE 34 PHILIPS HEALTHCARE: REGIONAL REVENUE

FIGURE 35 BAXTER: KEY FINANCIALS

FIGURE 36 BAXTER: SEGMENTAL REVENUE

FIGURE 37 BAXTER: REGIONAL REVENUE

FIGURE 38 SIEMENS HEALTHINEERS: KEY FINANCIALS

FIGURE 39 SIEMENS HEALTHINEERS: SEGMENTAL REVENUE

FIGURE 40 SIEMENS HEALTHINEERS: REGIONAL REVENUE

FIGURE 41 STRYKER CORPORATION: KEY FINANCIALS

FIGURE 42 STRYKER CORPORATION: SEGMENTAL REVENUE

FIGURE 43 STRYKER CORPORATION: REGIONAL REVENUE