Global Pediatric Medical Devices Market Growing at a CAGR of 8.71% to Reach USD 60,530 Million By 2030 | Infinium Global Research

Infinium Global Research introduces an in-depth exploration into the Global Pediatric Medical Devices Market, presenting a comprehensive report that delves into segments, drivers, restraints, and macro indicators influencing this dynamic landscape. The report provides extensive insights into both global and regional perspectives, offering a nuanced understanding of this critical sector.

The report forecasts a robust Compound Annual Growth Rate (CAGR) of 8.71% for the global pediatric medical devices market across the forecast period spanning from 2023 to 2030, propelled by various factors reshaping pediatric healthcare.

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Key Drivers of Market Growth

The rise in neonatal intensive care unit (NICU) demand has emerged as a significant driver, fueled by the escalating rates of preterm births globally. Prematurity stands as the leading cause of mortality among children under five, with rates ranging from 5% to 18% across 184 countries. Factors contributing to this surge include the increase in multiple births, obesity rates, substance abuse, and the trend of pregnancy at later ages due to fertility treatments.

The survival rates of premature infants have improved due to the advancement in neonatal care, necessitating sophisticated medical devices within NICUs. These units utilize complex machines and monitoring devices tailored for the unique needs of infants, including mechanical ventilators, cardiorespiratory monitors, and specialized tubes. Healthcare companies are increasingly investing in optimized treatments for the tiniest newborns, such as Abbott's groundbreaking Amplatzer Piccolo™ Occluder, designed for very low birth weight babies with persistent heart openings. The heightened awareness about the health and safety of premature infants is expected to drive the demand for pediatric medical devices in NICUs.

Addressing Rising Chronic Childhood Health Issues

The prevalence of chronic childhood health issues like obesity, asthma, and neurodevelopmental problems is on the upswing, affecting approximately 43% of children in the United States. Factors like environmental exposures contribute significantly to childhood diseases, urging the use of pediatric medical devices such as asthma diagnostic tools, monitoring devices, and more. Furthermore, the increased incidence of infectious diseases among children, coupled with heightened parental awareness and enhanced healthcare spending capacity, augments the demand for pediatric medical devices.

Telemedicine's Evolution in Pediatric Care

Telemedicine is gaining traction within pediatric practices, alleviating the need for numerous in-person office visits, thereby reducing absenteeism for parents and minimizing children's school absence. Technological advancements and legislative mandates promoting telemedicine reimbursement, such as the provisions within the Patient Protection and Affordable Care Act (ACA), are driving the expansion of telemedical care in pediatric settings. Its applications span tele-education, consultation, practice, and research, enabling remote access to pediatric subspecialists and extending expert care to underserved regions.

Challenges in Emerging Economies

Challenges persist in developing countries where inadequate access to skilled healthcare professionals contributes to higher child mortality rates due to preventable causes. Regions like South-central Asia and sub-Saharan Africa face significant challenges in addressing child mortality due to pneumonia, diarrhea, and neonatal health problems.

Regional Insights and Segmentation

North America and Europe lead the pediatric medical devices market, driven by initiatives aimed at funding and streamlining regulatory processes for pediatric devices. The Asia-Pacific region shows promising growth due to rising awareness, governmental initiatives, and healthcare infrastructure enhancements.

The report segments the market based on products including in vitro diagnostic devices, diagnostic imaging, telemedicine, anesthesia and respiratory care devices, neonatal ICU devices, cardiology devices, monitoring devices, and more. It also categorizes end-users into hospitals, ambulatory care settings, pediatric clinics, research institutes, and academic medical centers.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Pediatric Medical Devices Market Highlights

2.2. Pediatric Medical Devices Market Projection

2.3. Pediatric Medical Devices Market Regional Highlights

Chapter 3. Global Pediatric Medical Devices Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Product

3.4.2. IGR-Growth Matrix Analysis by End User

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Pediatric Medical Devices Market

Chapter 4. Pediatric Medical Devices Market Macro Indicator Analysis

Chapter 5. Global Pediatric Medical Devices Market by Product

5.1. In Vitro Diagnostic (IVD) Devices

5.2. Diagnostic Imaging Devices

5.3. Telemedicine

5.4. Anesthesia and Respiratory Care Devices

5.5. Neonatal ICU Devices

5.6. Cardiology Devices

5.7. Monitoring Devices

5.8. Others

Chapter 6. Global Pediatric Medical Devices Market by End User

6.1. Hospitals

6.2. Ambulatory Care Setting

6.3. Pediatric Clinics

6.4. Research Institutes and Academic Medical Centers

Chapter 7. Global Pediatric Medical Devices Market by Region 2023-2030

7.1. North America

7.1.1. North America Pediatric Medical Devices Market by Product

7.1.2. North America Pediatric Medical Devices Market by End User

7.1.3. North America Pediatric Medical Devices Market by Country

7.2. Europe

7.2.1. Europe Pediatric Medical Devices Market by Product

7.2.2. Europe Pediatric Medical Devices Market by End User

7.2.3. Europe Pediatric Medical Devices Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Pediatric Medical Devices Market by Product

7.3.2. Asia-Pacific Pediatric Medical Devices Market by End User

7.3.3. Asia-Pacific Pediatric Medical Devices Market by Country

7.4. RoW

7.4.1. RoW Pediatric Medical Devices Market by Product

7.4.2. RoW Pediatric Medical Devices Market by End User

7.4.3. RoW Pediatric Medical Devices Market by Sub-region

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of pediatric medical devices.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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