Pediatric Medical Device Market

Global Pediatric Medical Device Market by Product (IVD devices, Cardiology Devices, Anesthesia & Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Orthopedic Devices, and Others), End-users (Hospitals, Diagnostic Laboratories, Home Healthcare, Pediatric Clinics, And Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

  • Report ID: HC-2603
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 54
  • No. Of Pages: 232
  • Format:
  • Pub. Date: 25-09-2021
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Market Outlook:

The global Pediatric Medical Device market was valued at USD 26,198.6 million in 2020 and is projected to reach USD 48,440.1 million by 2028, expanding at a CAGR of 8.5% during the forecast period. Pediatrics is the field of study that deals with the health and medical care of children, adolescents, and babies. From birth to age 21, pediatric medical devices cure or diagnose diseases and ailments. The increased incidences of several chronic diseases among children, including as Lyme disease, whooping cough, pneumonia, mumps, and TB, are projected to fuel the expansion of the worldwide pediatric medical devices market.

Pediatric Medical Device Market Key Takeaways

Market Dynamics

The market for pediatric medical devices is influenced by an increase in demand for anesthetic and respiratory equipment due to their efficiency in treating disorders such as asthma, as well as an increase in the occurrence of preterm birth around the world. Because of the growing number of market players supplying products, the trend for pediatric medical devices is expected to rise considerably in the future. The increasing number of regulatory measures and the growing number of pediatric hospitals throughout the world are driving market growth.

Further, government activities aimed at rewarding producers, expediting the regulatory process, and identifying new finance sources are all contributing to industry expansion. The pediatric medical devices industry is projected to be hampered by a lack of substantial biocompatibility and safety criteria for medical devices. In the forecast period of 2021-2028, the lack of knowledge of pediatric medical devices is expected to be a barrier to the market. In the projected period, technical developments in pediatric devices and product launches provide profitable prospects for pediatric medical devices market players.

One of the major factors driving the growth of the pediatric medical devices market is the rise in the incidences of chronic disease or infectious disease among the pediatric population. The market for pediatric medical devices is influenced by an increase in demand for anesthetic and respiratory equipment due to their efficiency in treating disorders such as asthma, as well as an increase in the occurrence of preterm birth around the world. Because of the growing number of market players supplying products, the trend for pediatric medical devices is expected to rise considerably in the future. The increasing number of regulatory measures and the growing number of pediatric hospitals throughout the world are driving market growth. Increased newborn deaths due to chronic diseases to create market opportunities. Furthermore, the increased adoption of telemedicine in pediatric healthcare is expected to generate lucrative prospects for the pediatric medical devices market to develop.

Segment Outlook

By Type

Based on products, the global pediatric medical device market is segmented into IVD devices, cardiology devices, anesthesia & respiratory care devices, neonatal ICU devices, monitoring devices, orthopedic devices, and others. The anesthesia and respiratory care devices segment are anticipated to hold a significant share of the market during the forecast period. The anesthesia and respiratory care devices segment are projected to expand at a significant CAGR during the forecast period, due to the increased burden of pediatric respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, TB, and pneumonia.

The fastest-growing area is anesthesia and respiratory equipment, which are commonly used in pediatric patients, due to its efficiency in treating disorders such as asthma. Asthma is a chronic inflammatory condition that affects 4879 children under the age of 14 in the US alone, according to the Center for Disease Control and Prevention (CDC). The neonatal ICU devices held a significant market share and is expected to continue to do so during the projection period, due to high rate of problems during delivery, prematurity, or health complications after birth. Cases of pediatric respiratory disorders such as asthma and tuberculosis increased, due to poor lifestyles of people these days. The anesthesia and respiratory care devices segment are expected to expand at a significant rate during the forecast period.

Pediatric Medical Device Market By Product

By End User

Based on end-users, the global pediatric medical device market is segmented into hospitals, diagnostic laboratories, home healthcare, pediatric clinics, and others. The hospitals segment is anticipated to hold a significant share of the market during the forecast period. The hospitals segment is projected to expand at a significant CAGR during the forecast period, due to gradual growth in the number of government and private hospitals in emerging countries such as China and India. Increasing adoption of pediatric care equipment in hospitals is expected to boost the market during the forecast period. The pediatric clinics segment is expected to hold a substantial share of the market during the forecast period, due to favorable reimbursement policies. Rapid growth in foreign investments is estimated to propel the segment.

Pediatric Medical Device Market By End User

By Regions

Based on regions, the global pediatric medical device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global pediatric medical device market is dominated by the North American region, which is primarily driven by factors such as an increase in the frequency of cancer and respiratory disorders, the popularity of portable devices, and a growing preference for home healthcare devices and services. The Asia Pacific area is the fastest expanding region. Because of unexplored prospects, improved healthcare infrastructure, increased awareness about accessible diagnostic techniques and technology, and favorable government efforts. The European pediatric medical devices market is growing due to increased demand for chronic illness treatment, expanded healthcare infrastructure, and an increasing number of hospitals and pediatric clinics in the United Kingdom, Germany, and France.

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of the Pediatric Medical Devices Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players

Segments

By Product Types

  • IVD devices
  • Cardiology devices
  • Anesthesia & respiratory care devices
  • Neonatal ICU devices
  • Monitoring devices
  • Orthopedic devices
  • Others

By End-users

  • Hospitals
  • Diagnostic laboratories
  • Home healthcare
  • Pediatric clinics
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key Market Players Profiled in the Report

  • Atom Medical Corp. 
  • Fritz Stephan GmbH
  • Hamilton Medical
  • Medtronic
  • Natus Medical Incorporated
  • Ningbo David Medical Device Co. Ltd
  • Novonate, Inc
  • OrthoPediatrics Corp.
  • Phoenix Medical Systems Pvt Ltd
  • Siemens Medical Solutions USA, Inc.
  • Trimpeks
  • TSE MEDICAL

Competitive Landscape

Key players in the pediatric medical device market include TSE MEDICAL, Atom Medical Corporation, Fritz Stephan GmbH, Hamilton Medical, Ningbo David Medical Device Co. Ltd, Novonate, Inc., Phoenix Medical Systems Pvt Ltd, Trimpeks, OrthoPediatrics Corp. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Pediatric Medical Device Market By Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pediatric Medical Device Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Pediatric Medical Device Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Pediatric Medical Device Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Pediatric Medical Device Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Pediatric Medical Device Market Size & Forecast, 2018-2028
      4.5.1 Pediatric Medical Device Market Size and Y-o-Y Growth
      4.5.2 Pediatric Medical Device Market Absolute $ Opportunity
   4.6 Pediatric Medical Device Market: Regulatory Landscape (Information on Medical Device Classification)
      4.6.1 United States Regulatory Landscape
      4.6.2 Europe Regulatory Landscape
      4.6.3 China Regulatory Landscape
      4.6.4 Australia Regulatory Landscape
       4.6.5 Japan Regulatory Landscape
   4.7 Pediatric Medical Device Market: Technological Landscape

   4.8 Pediatric Medical Device Market: Pipeline Analysis
   4.9 Pediatric Medical Device Market: Approved Devices for Pediatric Use
   4.10 Pediatric Medical Device Market: Comparative Analysis (Established Companies Vs. Startups)
   4.11 Pediatric Medical Device Market: Medical Device Classification By Product By Country
Chapter 5 Global Pediatric Medical Device Market Analysis and Forecast By Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product
      5.1.2 Basis Point Share (BPS) Analysis By Product
      5.1.3 Absolute $ Opportunity Assessment By Product
   5.2 Pediatric Medical Device Market Size Forecast By Product
      5.2.1 IVD Devices
      5.2.2 Cardiology Devices
      5.2.3 Anesthesia & Respiratory Care Devices
      5.2.4 Neonatal ICU Devices
      5.2.5 Monitoring Devices
      5.2.6 Orthopedic Devices
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Product
Chapter 6 Global Pediatric Medical Device Market Analysis and Forecast By End-user
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By End-user
      6.1.2 Basis Point Share (BPS) Analysis By End-user
      6.1.3 Absolute $ Opportunity Assessment By End-user
   6.2 Pediatric Medical Device Market Size Forecast By End-user
      6.2.1 Hospitals
      6.2.2 Diagnostic Laboratories
      6.2.3 Home Healthcare
      6.2.4 Pediatric Clinics
      6.2.5 Others
   6.3 Market Attractiveness Analysis By End-user
Chapter 7 Global Pediatric Medical Device Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Pediatric Medical Device Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Pediatric Medical Device Analysis and Forecast
   9.1 Introduction
   9.2 North America Pediatric Medical Device Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Pediatric Medical Device Market Size Forecast By Product
      9.6.1 IVD Devices
      9.6.2 Cardiology Devices
      9.6.3 Anesthesia & Respiratory Care Devices
      9.6.4 Neonatal ICU Devices
      9.6.5 Monitoring Devices
      9.6.6 Orthopedic Devices
      9.6.7 Others
   9.7 Basis Point Share (BPS) Analysis By Product
   9.8 Absolute $ Opportunity Assessment By Product
   9.9 Market Attractiveness Analysis By Product
   9.10 North America Pediatric Medical Device Market Size Forecast By End-user
      9.10.1 Hospitals
      9.10.2 Diagnostic Laboratories
      9.10.3 Home Healthcare
      9.10.4 Pediatric Clinics
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By End-user
   9.12 Absolute $ Opportunity Assessment By End-user
   9.13 Market Attractiveness Analysis By End-user
Chapter 10 Europe Pediatric Medical Device Analysis and Forecast
   10.1 Introduction
   10.2 Europe Pediatric Medical Device Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Pediatric Medical Device Market Size Forecast By Product
      10.6.1 IVD Devices
      10.6.2 Cardiology Devices
      10.6.3 Anesthesia & Respiratory Care Devices
      10.6.4 Neonatal ICU Devices
      10.6.5 Monitoring Devices
      10.6.6 Orthopedic Devices
      10.6.7 Others
   10.7 Basis Point Share (BPS) Analysis By Product
   10.8 Absolute $ Opportunity Assessment By Product
   10.9 Market Attractiveness Analysis By Product
   10.10 Europe Pediatric Medical Device Market Size Forecast By End-user
      10.10.1 Hospitals
      10.10.2 Diagnostic Laboratories
      10.10.3 Home Healthcare
      10.10.4 Pediatric Clinics
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By End-user
   10.12 Absolute $ Opportunity Assessment By End-user
   10.13 Market Attractiveness Analysis By End-user
Chapter 11 Asia Pacific Pediatric Medical Device Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Pediatric Medical Device Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Pediatric Medical Device Market Size Forecast By Product
      11.6.1 IVD Devices
      11.6.2 Cardiology Devices
      11.6.3 Anesthesia & Respiratory Care Devices
      11.6.4 Neonatal ICU Devices
      11.6.5 Monitoring Devices
      11.6.6 Orthopedic Devices
      11.6.7 Others
   11.7 Basis Point Share (BPS) Analysis By Product
   11.8 Absolute $ Opportunity Assessment By Product
   11.9 Market Attractiveness Analysis By Product
   11.10 Asia Pacific Pediatric Medical Device Market Size Forecast By End-user
      11.10.1 Hospitals
      11.10.2 Diagnostic Laboratories
      11.10.3 Home Healthcare
      11.10.4 Pediatric Clinics
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By End-user
   11.12 Absolute $ Opportunity Assessment By End-user
   11.13 Market Attractiveness Analysis By End-user
Chapter 12 Latin America Pediatric Medical Device Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Pediatric Medical Device Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Pediatric Medical Device Market Size Forecast By Product
      12.6.1 IVD Devices
      12.6.2 Cardiology Devices
      12.6.3 Anesthesia & Respiratory Care Devices
      12.6.4 Neonatal ICU Devices
      12.6.5 Monitoring Devices
      12.6.6 Orthopedic Devices
      12.6.7 Others
   12.7 Basis Point Share (BPS) Analysis By Product
   12.8 Absolute $ Opportunity Assessment By Product
   12.9 Market Attractiveness Analysis By Product
   12.10 Latin America Pediatric Medical Device Market Size Forecast By End-user
      12.10.1 Hospitals
      12.10.2 Diagnostic Laboratories
      12.10.3 Home Healthcare
      12.10.4 Pediatric Clinics
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By End-user
   12.12 Absolute $ Opportunity Assessment By End-user
   12.13 Market Attractiveness Analysis By End-user
Chapter 13 Middle East & Africa (MEA) Pediatric Medical Device Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Pediatric Medical Device Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Pediatric Medical Device Market Size Forecast By Product
      13.6.1 IVD Devices
      13.6.2 Cardiology Devices
      13.6.3 Anesthesia & Respiratory Care Devices
      13.6.4 Neonatal ICU Devices
      13.6.5 Monitoring Devices
      13.6.6 Orthopedic Devices
      13.6.7 Others
   13.7 Basis Point Share (BPS) Analysis By Product
   13.8 Absolute $ Opportunity Assessment By Product
   13.9 Market Attractiveness Analysis By Product
   13.10 Middle East & Africa (MEA) Pediatric Medical Device Market Size Forecast By End-user
      13.10.1 Hospitals
      13.10.2 Diagnostic Laboratories
      13.10.3 Home Healthcare
      13.10.4 Pediatric Clinics
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By End-user
   13.12 Absolute $ Opportunity Assessment By End-user
   13.13 Market Attractiveness Analysis By End-user
Chapter 14 Competition Landscape
   14.1 Pediatric Medical Device Market: Competitive Dashboard
   14.2 Global Pediatric Medical Device Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Atom Medical Corp. 
      14.3.2 Fritz Stephan GmbH

      14.3.3 Hamilton Medical
      14.3.4 Medtronic
      14.3.5 Natus Medical Incorporated
      14.3.6 Ningbo David Medical Device Co. Ltd
      14.3.7 Novonate, Inc
      14.3.8 OrthoPediatrics Corp.
      14.3.9 Phoenix Medical Systems Pvt Ltd
      14.3.10 Siemens Medical Solutions USA, Inc.
      14.3.11 Trimpeks
      14.3.12 TSE MEDICAL

By Product Types

  • IVD devices
  • Cardiology devices
  • Anesthesia & respiratory care devices
  • Neonatal ICU devices
  • Monitoring devices
  • Orthopedic devices
  • Others

By End-users

  • Hospitals
  • Diagnostic laboratories
  • Home healthcare
  • Pediatric clinics
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key Market Players Profiled in the Report

  • Atom Medical Corp. 
  • Fritz Stephan GmbH
  • Hamilton Medical
  • Medtronic
  • Natus Medical Incorporated
  • Ningbo David Medical Device Co. Ltd
  • Novonate, Inc
  • OrthoPediatrics Corp.
  • Phoenix Medical Systems Pvt Ltd
  • Siemens Medical Solutions USA, Inc.
  • Trimpeks
  • TSE MEDICAL

Key players in the pediatric medical device market include TSE MEDICAL, Atom Medical Corporation, Fritz Stephan GmbH, Hamilton Medical, Ningbo David Medical Device Co. Ltd, Novonate, Inc., Phoenix Medical Systems Pvt Ltd, Trimpeks, OrthoPediatrics Corp. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Pediatric Medical Device Market By Key Players

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FAQ Section

Some frequently asked quetions about this report!

Key players including TSE MEDICAL, Atom Medical Corporation, Fritz Stephan GmbH, Hamilton Medical, Ningbo David Medical Device Co. Ltd, Novonate, Inc., Phoenix Medical Systems Pvt Ltd, Trimpeks, OrthoPediatrics Corp. hold a major market share of the global pediatric medical device market in 2020.

The base year considered for the pediatric medical devices market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.

The market is expected to witness slight decrease in market growth rate and demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the pediatric medical devices market.

One of the major factors driving the growth of the pediatric medical devices market is the rise in the incidences of chronic disease or infectious disease among the pediatric population.

A major factor driving the pediatric medical devices market is the growing technological breakthroughs in diagnostic devices, expanding demand for pediatric medical devices technology, and rising incidence of chronic diseases are driving the pediatric medical devices market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the pediatric medical devices market is available in final report.

According to this Growth Market Reports, the market from Pediatric Medical Devices market is likely to register a CAGR of 8.5% during period 2021-2028, with an anticipated valuation of USD 48,440.1 million by the end of the 2028.

Additional company profiles can be provided on request.