Pediatric Medical Device Market Global Share by Abbott, General Electric Company, Johnson & Johnson Private Limited, Siemens AG, Koninklijke Philips N.V., Novamed Etc. and Forecasts Till 2023

Global Pediatric Medical Device Market - Competitive 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.

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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 products will further enhance the revenue for Medtronic.

Furthermore, in October 2016, Medtronic is the first company to get 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. This development provides patients with Medtronic implantable cardioverter-defibrillators (ICDs), SureScan MR-conditional pacemakers, and cardiac resynchronization therapy-defibrillators (CRT-Ds) and leads access to MRI scans on any part of the body.

Global Pediatric Medical Device Market - Highlights

Global Pediatric Medical Device Market is expected to grow at a CAGR of approximately 10.5% during the forecast period 2017-2023. The global pediatric medical devices market is growing immensely due to rising occurrence of disease among children, increasing child bearing age among women, high number of children with heart diseases, increasing growth in number of pediatric hospitals and clinics. Furthermore, initiatives by the government and regulatory organization are influencing the market growth.

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)

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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.

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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