Pediatric Medical Device Market Expected To Grow At CAGR Of 10.5% | Top Key Players - Abbott, General Electric Company, Johnson & Johnson Private Limited, Siemens AG and Many

Pediatrics is a branch of medicine which deals with diagnosis and treatment of diseases related to pediatric group. It can be classified into the four categories namely neonates (from birth till the first 28 days of life), infants (29 days to 2 years), children (2 years to 12 years) and adolescents (12 years to 18 years). Pediatrician is a medical professional who specializes in providing treating the pediatric group. Global Pediatric Medical Device Market is expected to grow at a CAGR of approximately 10.5% during the forecast period 2017-2023.

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Pediatric medical devices are used for the treatment and care of infants and children below 18 years having some healthcare issues. Many of the pediatric medical devices are especially designed and developed for children, but in some cases, adult devices are also used. Market for pediatric medical devices is growing tremendously due to rising incidence of disease among children, rising child bearing age among women, increasing number of children with chronic heart diseases, rising number of pediatric hospitals and clinics.

Moreover, increasing number of initiatives by the regulatory organization has also supported the market growth. For instance, to support 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-market surveillance of pediatric medical devices. While due to the lack of significant biocompatibility and safety criteria for the medical devices have restrained the growth of pediatric medical device market. Moreover, the other major restraint for the market is design compatible pediatric devices that can provide appropriate care to the pediatric patients.

Pediatric Medical Device Market - Key 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)

Pega Medical (U.S)

Pediatric Medical Device Market - 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.

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Pediatric Medical Device Market - 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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Some of Major Table of Contents for Pediatric Medical Device Market Research Report- Global Forecast till 2023

1. Report Prologue

2. Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3. Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4. Market Dynamics

….Continued

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