Pediatric Medical Devices Market Size And Forecast
The Global Pediatric Medical Devices Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Pediatric Medical Devices Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Pediatric Medical Devices Market was valued at USD 24.26 Billion in 2019 and is projected to reach USD 44.54 Billion by 2027, growing at a CAGR of 7.9% from 2020 to 2027.
What are Pediatric Medical Devices?
Pediatric medical devices are the devices used for diagnosing and treating diseases and conditions through age 21. According to the Food, Drug, and Cosmetic Act (FDA), pediatric patients are patients aged 21 or below. The pediatric group includes neonates, infants, children, and adolescents. Pediatric medical devices are used for diagnosis and monitoring of various chronic respiratory and pulmonary heart diseases. They include various devices such as transcutaneous oxygen/carbon dioxide monitor, mechanical ventilators, continuous positive airway pressure tubes, and cardiorespiratory monitor.
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Global Pediatric Medical Devices Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing cases of respiratory diseases and cancer amongst children and the inclination of people towards home health care devices are expected to fuel the market during the predicted years. Rising premature births and increasing awareness about pediatric care are factors that can contribute to the growth of the market. Initiatives taken by regulatory authorities as well as the rising number of pediatric hospitals across the globe are likely to grow the market in the forecasted period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Pediatric Medical Devices Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Pediatric Medical Devices Market Competitive Landscape
The “Global Pediatric Medical Devices Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Abbott Laboratories, Boston Scientific Corporation, Baxter International, Inc., Medtronic plc, Cardinal Health, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, Johnson & Johnson, Siemens Healthineers, Koninklijke Philips N.V. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Pediatric Medical Devices Market, By Product
• Cardiology Devices
• In Vitro Diagnostic (IVD) Devices
• Diagnostic Imaging Devices
• Anesthesia and Respiratory Care Devices
• Neonatal ICU Devices
• Monitoring Devices
Pediatric Medical Devices Market, By End-User
• Pediatric Clinics
• Ambulatory Surgery Centers
• Research and Academic Institutes
Pediatric Medical Devices Market, By Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World