Pediatric Medical Device Global Market Share and Key Players like Abbott, General Electric Company, Johnson & Johnson Private Limited, Siemens AG, Koninklijke Philips N.V., Novamed Etc. During 2019-2024

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.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/980

Global Pediatric Medical Device Market - Highlights

Market Research Future (MRFR) reveals in its new report that the Global Market for Pediatric Medical Device Market is set to expand at a striking CAGR of 10.5% during the forecast period (2017-2023). Pediatric medical devices are used for the management and treatment of infants and children below 18 years who have health issues. A number of medical devices are specifically designed and manufactured for infants and children, but in few cases these devices are used for adults too.

Industry News:

August 2018 – Children with autism will now benefit from a new invention called Google Glass. Stanford researchers have integrated the augmented reality glasses with an app that uses artificial intelligence to identify faces and facial expressions in a child’s field of vision. The glass then proceeds to show the child an emoji of the correct expression.

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.

Drivers

Growing cases of chronic diseases instrumental in market growth

Increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others is fueling the market growth. Subsequent demand for self-care devices/solutions along with technological developments is expected to buoy the development of the market in coming years. Thus, increase in incidences of chronic and infectious diseases among pediatric population has triggered the demand for pediatric medical devices globally.

Government initiatives to bode well with the market development

Various government bodies across the globe are trying to explore avenues to improve health of the pediatric population and also simultaneously reduce the financial burden. Improving healthcare infrastructure in emerging nations and growing awareness about the available treatments for pediatric health issues have resulted in adoption of latest pediatric medical devices in many regions. Hence, increased efforts by governments and healthcare organizations across different regions toward effective treatment of diseases among pediatrics have been responsible for the substantial growth in the market.

Restraints

While the global market is soaring high on the back of various driving factors, there are few restraining factors that are undermining the said growth. Lack of significant biocompatibility and safety criteria for the medical devices can be the impeding factors in the market growth in coming years.

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.

Browse Complete 80 Pages Premium Research Report Enabled with 25+ Respective Tables and Figures @ https://www.marketresearchfuture.com/reports/pediatric-medical-device-market-980

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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com

This release was published on openPR.