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Pediatric Medical Devices Market (Product - In Vitro Diagnostic (IVD) Devices, Diagnostic Imaging Devices, Telemedicine, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Cardiology Devices, Monitoring Devices, and Others; End User - Hospitals, Ambulatory Care Setting, Pediatric Clinics and Research Institutes and Academic Medical Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : November, 2018

  • Rep Id : HC0704

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Pediatric Medical Devices Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Pediatric Medical Devices Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Pediatric Medical Devices Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on pediatric medical devices market provides an in-depth analysis of segments and sub-segments in the global as well as a regional pediatric medical devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pediatric medical devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pediatric medical devices market. According to the report the global pediatric medical devices market is projected to grow at a CAGR of 5.2% over the forecast period of 2018-2024.

 

Pediatric Medical Devices Market

Market Insight

Pediatric medical devices are used to treat or diagnose diseases related to a pediatric group such as neonates, infants, children, and adolescents. They include devices such as mechanical ventilators, cardiorespiratory monitor, transcutaneous oxygen/carbon dioxide monitor, and continuous positive airway pressure tubes for medical care. These medical unit offers parental care and protection for high-risk newborn infants. Medical devices are now been specially designed for the pediatrics as the medical devices may not be suitable for the infants.

 

The growing the prevalence of chronic diseases among the pediatric population is the major factor driving the growth of the pediatric medical devices market. Asthma, food allergies, type 1 diabetes and neurodevelopmental illness are steadily increasing among children. In the United States, 43% of children are affected by chronic illness. In addition, increasing demand for neonatal intensive care units owing to growth in the preterm birth rates promotes the growth of the market. According to the centers for disease control and prevention, the premature birth rate was 9.93 percent of births in 2017. Furthermore, the rising number of initiatives taken by the regulatory organization and increasing pediatric hospital over the globe are supporting market growth. Going further, government initiatives for incentivizing manufacturers, streamlining the regulatory process, looking for new funding sources are the factors contributing to market growth. However, the lack of proper healthcare facilities and low awareness about the medical devices designed for the infants is anticipated to hamper the growth of the market. Moreover, the widespread adoption of telemedicine in pediatric healthcare is anticipated to create fruitful opportunities for the growth of the pediatric medical devices market.

 

Among the region, North America has the largest market share in the pediatric medical devices market followed by Europe. Government and regulatory bodies are taking initiatives to fund and streamline the regulatory process for the development of pediatric medical devices are boosting the growth in the pediatric medical devices market. The Asia-Pacific is expected to have a steady growth in this market owing to the rising awareness regarding child health, an increasing number of the initiative taken by the government and improvising healthcare infrastructure.

 

Segment Covered 

The report on global pediatric medical devices market covers segments such as product and end user. On the basis of product, the global pediatric medical devices market is categorized into in vitro diagnostic (IVD) devices, diagnostic imaging devices, telemedicine, anesthesia and respiratory care devices, neonatal ICU devices, cardiology devices, monitoring devices, and others. On the basis of an end user the global pediatric medical devices market is categorized into hospitals, ambulatory care setting, pediatric clinics, and research institutes and academic medical centers.

 

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

 

Companies Profiled:

The report provides profiles of the companies in the global pediatric medical devices market such as Boston Scientific Corporation, Abbott Laboratories, Medtronic plc, Stryker Corporation, Koninklijke Philips N.V., Siemens Healthineers, Johnson & Johnson, GE Healthcare, Cardinal Health and Baxter International, Inc.

 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global pediatric medical devices market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pediatric medical devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pediatric medical devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the pediatric medical devices market to understand the present and future trends in this market and formulate their strategies accordingly.


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