Pediatric Medical Device: High Premature Birth Rate Favor the Growth of this Market

Pune, India, August, 2022/MRFR Press Release/- Market Research Future has a half cooked research report on global pediatric medical device market. 

Market Highlights

The Pediatric Medical Device Market is expected to reach USD 29.22 Billion by 2030 at 9.80% CAGR during the forecast period 2023 -2030.

Demand for pediatric medical devices is increasing due to high incidence of chronic illnesses among children, high premature birth rate, increasing birth defects among new born, and rising awareness regarding disease conditions among children. Malnutrition among children prevalent in under developed parts of the world is also a major driver of this market. 

Taste the market data and market information presented in more than 45 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Pediatric Medical Device Market Research Report –Global Forecast till 2030.”

Global Pediatric Medical Device Market Players

Key players in pediatric medical device market are Abbott (U.S), General Electric Company (U.S), Johnson & Johnson Private Limited (U.S), Medtronic (Ireland), Siemens AG (Germany), Koninklijke Philips N.V. (Netherland), Novamed (U.S), Phoenix Medical Systems USA (U.S), Phoenix Medical Systems (P) Ltd. (India) and Pega Medical (U.S).

General Electric Company (GE) is an American multinational conglomerate corporation, incorporated in New York. This company operates in segments namely aviation, current, digital, energy connections, global research, healthcare, lighting, oil & gas, power, renewable energy & capital, and all these caters to all needs of financial services, medical devices, life sciences, pharmaceutical, automotive, software development and engineering industries.

Medtronic is a global healthcare solutions company, committed in improving lives of people through its medical technologies, services, and solutions. The union of Medtronic and Covidien demonstrates that thinks differently in solving problems to deliver better health. This company runs on principles of alleviate pain, restore health and extend life of patient. In October 2016, Medtronic got an approval for its suite of cardiac rhythm and heart failure devices, it leads to be scanned in both 3 and 1.5 Tesla (T) magnetic resonance imaging (MRI) machines.

Segmentation

Figure 2          Global Pediatric Medical Device Market, by Region, 2016 (%)

Global pediatric medical device market has been segmented on the basis of type of devices which includes infant caps, infant incubators, bili lights, newborn hearing screener, infant warmer, cranial orthosis, atrial septal defect occlude, cerebrospinal fluid shunt, others. Other devices include pulse oximeter for infants and automated external defibrillator. On the basis of end users, the market is segmented into hospitals, pediatric clinics and others.

Regional Analysis

Globally, pediatric medical device market consists of four regions Americas, Europe, Asia Pacific and Middle East & Africa. America is the largest market for pediatric medical devices market whose growth is attributed to availability of wide range of pediatric medical devices, rise in child bearing age among women, and high incidence of chronic illness among children. Europe is the second largest market owing to high prevalence of obesity & other disorders among children as well as availability of funds for research and development activities in healthcare. Asia Pacific shows steady but positive growing owing to increasing awareness regarding child health among women and increasing demand of pediatric medical devices. Middle East & Africa is expected to show high growth in this market due to high prevalence of malnutrition among children and government initiatives to tackle it..

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Pediatric Medical Device Market Research Report