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 2027
Market Highlights
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. Global Pediatric medical device market is expected to grow at a CAGR of 10.5% during forecast period 2017 to 2023.
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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 2023.”
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
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..
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