Pediatric Medical Device Market Analysis and Competitive Landscapes by 2023

The Global Pediatric Medical Device Market is expected to grow at a CAGR of approximately 10.5% during the forecast period 2017-2023.

Pediatrics is a branch of drugs which offers with diagnosis and treatment of illnesses related to pediatric organization. It may be categorized into the 4 classes particularly neonates (from delivery until the primary 28 days of existence), infants (29 days to two years), youngsters (2 years to twelve years) and youth (12 years to 18 years). Pediatrician is a clinical professional who makes a specialty of providing treating the pediatric organization.

Pediatric Medical Devices are used for the treatment and care of toddlers and children below 18 years having some healthcare issues. Some of the pediatric scientific devices are specifically designed and developed for kids, but in a few cases, grownup gadgets are also used. Market for Pediatric Medical Devices is growing quite due to growing occurrence of ailment amongst children, rising baby bearing age amongst ladies, increasing quantity of youngsters with persistent heart diseases, growing quantity of pediatric hospitals and clinics. Moreover, growing wide variety of initiatives by way of the regulatory enterprise has also supported the market growth.

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As an example, to aid the development and availability of safe and effective Pediatric Medical Devices FDA has taken initiatives like they are collaborating with the institute of medicine for the effectiveness of post-marketplace surveillance of pediatric clinical devices. At the same time as due to the dearth of enormous biocompatibility and safety standards for the Medical Devices have restrained the growth of pediatric scientific tool market. Furthermore, the opposite primary restraint for the marketplace is layout compatible pediatric devices which could provide suitable care to the pediatric patients.

Competitive Analysis

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), Pega Medical (U.S) are some of the prominent players at the forefront of competition in the Global Pediatric Medical Device Market and are profiled in MRFR Analysis.

Characterized by the presence of several well-established and small players, the global market of pediatric medical device appears to be highly competitive and fragmented. With well-established market in the North America and European region with major companies having their home in the regions and generating maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.

Medtronic is a one of the global healthcare solutions provider company, involved in improving lives of individuals through its medical technologies, services, and solutions. Medtronic in January 2015, announced the acquisition of Covidien. With this acquisition the company will enhance its medical device product. Covidient includes various pediatric medical device such as Pediatric Collection Devices, Pediatric Urology Accessories, Pediatric Latex Foley Catheters and various others. These product will further enhance the revenue for Medtronic.

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Segmentation:

Global pediatric medical device market has been segmented on the basis of types of devices which includes infant caps, infant incubators, bili lights, newborn hearing screener, infant warmer, cranial orthosis, atrial septal defect occlude, cerebrospinal fluid shunt and 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.

Brief TOC

1 Report Prologue

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 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4 Market Dynamics

…TOC Continued

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