The global pediatric medical devices market size was valued at US$ 27 billion in 2022 and is projected to reach over US$ 47.4 billion by 2030, expanding at a CAGR of 9.5% from 2022 to 2030.
Rise in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others drive the global market. Moreover, surge in demand for self-care devices/solutions, increase in incidence of chronic and infectious diseases among pediatric population, and technological developments are expected to propel demand for pediatric medical devices used to treat chronic conditions.
Rise in Chronic Conditions to Augment Market
Prevalence of chronic health disorders is rising among children. A report published by the Pediatric Academic Societies in 2016 stated that these chronic conditions are most common among children who live in or near poverty. The report found substantial increase in attention deficit hyperactivity disorder (ADHD) and asthma among children living in poverty, as compared to their comfortable counterparts.
The global pediatric medical devices market has been segmented based on product and end-user. In terms of product, the global market has been categorized into in vitro diagnostic (IVD) devices, cardiology devices diagnostic imaging devices, anesthesia & respiratory care devices, neonatal ICU devices, monitoring devices, telemedicine, and home-use medical devices. In vitro diagnostic (IVD) devices are available in the form of reagents, kits, instruments, equipment, apparatuses, or systems, used either alone or in combination with other diagnostic tools to gain critical information for health and drug/therapy monitoring. In vitro diagnostics deliver valuable information about the pathological and/or physiological state of the body and, therefore, are essential to make well-informed medical decisions. Cardiology devices are used to diagnose and monitor patients suffering from cardiovascular diseases, primarily to identify the seriousness of the condition and effect of treatment on a patient. Diagnostic imaging devices are used in the diagnosis of various critical diseases and disorders of vital organs such as liver, lungs, heart, and brain. Usage of diagnostic imaging techniques such as MRI, X-ray, and CT scan has increased in the last two decades. These imaging technologies are painless and offer rapid diagnosis, making them a popular option for patients and doctors alike. Anesthesia devices comprise anesthesia workstations, anesthesia ventilators, anesthesia monitors, and anesthesia delivery machines. Respiratory care devices are meant for therapeutic usage to improve pulmonary function, boost lung oxygenation, and aid mucus removal from bronchi during respiratory therapy.
Moreover, neonates admitted to neonatal intensive care units are premature, have low birth weight, or suffer from a medical condition that requires special care. Newborns with medical conditions such as infections, birth defects, or heart problems are also cared for in the NICU. Neonatal intensive care units comprise advanced technology and trained health care professionals who provide personal medical attention to the admitted newborn babies. Monitoring devices are used for continuous monitoring of health status of pediatrics by communication techniques, wearable detecting devices, and a small energy consumption microchip with high efficiency data handling algorithms. Telemedicine includes teleconsultation, telemonitoring, tele-education, teletraining, telecare, and telesurgery. It involves consultation services offered by experienced individuals covering various domains and activities to help, advice, and assist in the overall progress of an activity/initiative. A home-use medical device is proposed for users in any environment outside of a professional health care facility. This comprises devices proposed for use in both professional health care facilities and homes.
Neonatal ICU Devices to Account for Major Market Share
The report offers detailed segmentation of the global pediatric medical devices market based on products and end-user. In terms of product, the neonatal ICU devices segment is estimated to account for major share of the market from 2018 to 2026. The segment is likely to account for the major share of the market by 2026. It is also expected to grow at a rapid pace during the forecast period. Growth of the segment is attributed to increase in number of premature births across the globe.
North America Dominated the Market
North America accounts for the leading share of the global pediatric medical devices market, primarily due to its large patient population and increase in disease awareness among children and adults. Moreover, launch of new pediatric medical devices such as seizure monitors, wireless pulse oximeters, and heart monitors in the region is expected to drive the market during the forecast period. Asia Pacific is an untapped market as compared to the developed regions. Hence, the region presents better opportunities in the pediatric medical devices market. China and India are the most populous countries in the world and have the largest pediatric population, with high number of cancer and infectious disease patients. Demand for pediatric medical devices in countries such as Malaysia, Indonesia, Singapore, and India is also increasing rapidly. Considering the low health care spending, market players entering Asia Pacific will offer reasonably priced products to capture higher share.
Abbott Laboratories, Medtronic plc, and GE Healthcare to Lead Market
The report also provides profiles of leading players operating in the global pediatric medical devices market. These include Abbott Laboratories, Boston Scientific Corporation, Baxter International, Inc., Medtronic plc, Cardinal Health, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, Johnson & Johnson, Siemens Healthineers, Koninklijke Philips N.V., and Stryker Corporation.
Market Segmentation
By Product
In Vitro Diagnostic (IVD) Devices
Cardiology Devices
Diagnostic Imaging Devices
Anesthesia & Respiratory Care Devices
Neonatal ICU Devices
Monitoring Devices
Telemedicine
Home-use Medical Devices
By End-user
Hospitals
Diagnostic Laboratories
Ambulatory Surgical Centers
Others
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Overview
This report analyzes the current and future scenario of the global pediatric medical devices market. Growth of the global market is attributed to rise in chronic health conditions among infants and children, increase in pediatric population with cardiac and neurological defects, surge in demand for advanced diagnostic technology for accurate diagnosis of life-threatening diseases, increase in demand for 3D medical imaging equipment in pediatric radiology, initiatives by governments and favorable reimbursement scenario, and technological advancements. Moreover, unhealthy habits, rise in obese pediatric population, increase in R&D investments leading to new product launches, surge in awareness about pediatric care, economic growth in emerging markets, and technical advancement in the pediatric health care industry are expected to augment the global market during the forecast period.
The global pediatric medical devices market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis, by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global market.
Regional Outlook
Geographically, the global pediatric medical devices market has been segmented into five major regions and key countries/sub-regions in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2027, along with their respective CAGRs for the forecast period from 2021 to 2027, considering 2020 as the base year. The research study also covers the competitive scenario in these regions.
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Global Pediatric Medical Devices Market Size (US$ Mn) and Distribution, by Region, 2021 and 2027
3.2. Global Pediatric Medical Devices Market: Market Snapshot
4. Market Overview
4.1. Global Pediatric Medical Devices Market: Product Overview
4.2. Global Pediatric Medical Devices Market: Key Industry Developments
4.3. Market Dynamics
4.4. Drivers and Restraints Snapshot Analysis
4.5. Drivers
4.6. Restraints
4.7. Opportunities
4.8. Global Pediatric Medical Devices Market Revenue Projections (US$ Mn), 2016–2027
5. Market Outlook
5.1. Novel and Advanced Pediatric Medical Devices/Equipment and Services
5.2. Technological Development in Pediatric Medical Devices/Equipment
5.3. Regulatory Changes in Pediatric Equipment/Services
5.4. Disease Prevalence of Short-term and Chronic Pediatric Illness – Focus on Major Regions/Countries
5.5. Overview on Children with Medical Complexities – Multiple Conditions, Inpatient/Outpatient Facilities
5.6. Trends in Children’s Hospital, NICU, PICU, General Pediatric Ward
5.7. Trends in PICU & New-generation Parents and Pediatric Patients (Expectation/ Behavior)
5.8. Preterm Birth Rates and Number of Preterm Births, by Country, 2020
5.9. Pediatric Asthma Statistics, by Country
5.10. Cost of Asthma Management in Europe
5.11. Childhood Obesity Rate and Number of Obese Children, by Country
5.12. Pediatric Emergency Department (ED) Visits, by Country
5.13. Pediatric Cancer Services Growth Rate and Cost
5.14. Pediatric Dental Care Statistics, by Country
5.15. Child Psychiatry Services/Mental & Behavioral Health
5.16. Pediatric Heart Services/Cardiovascular
5.17. Urgent Care Visits & Birth defects (U.S.)
5.18. Total Diagnostic Imaging Procedure Volume, by Key Regions (2020)
6. Global Pediatric Medical Devices Market Analysis, by Product
6.1. Introduction
6.2. Key Insights
6.3. Global Pediatric Medical Devices Market Size and Forecast, by Product
6.3.1. In Vitro Diagnostic (IVD) Devices
6.3.2. Cardiology Devices
6.3.3. Diagnostic Imaging Devices
6.3.4. Anesthesia & Respiratory Care Devices
6.3.5. Neonatal ICU Devices
6.3.6. Monitoring Devices
6.3.7. Telemedicine
6.3.8. Home-use Medical Devices
6.4. Global Pediatric Medical Devices Market Analysis, by Product
6.5. Global Pediatric Medical Devices Market Attractiveness Analysis, by Product
7. Global Pediatric Medical Devices Market Analysis, by End-user
7.1. Introduction
7.2. Key Insights
7.3. Global Pediatric Medical Devices Market Size and Forecast, by End-user
7.3.1. Hospitals
7.3.2. Diagnostic Laboratories
7.3.3. Ambulatory Surgical Centers
7.3.4. Others
7.4. Global Pediatric Medical Devices Market Analysis, by End-user
7.5. Global Pediatric Medical Devices Market Attractiveness Analysis, by End-user
8. Global Pediatric Medical Devices Market Analysis, by Region
8.1. Global Pediatric Medical Devices Market Size and Forecast, by Region, 2016–2027
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Global Pediatric Medical Devices Market Analysis, by Region
8.3. Global Pediatric Medical Devices Market Attractiveness Analysis, by Region
9. North America Pediatric Medical Devices Market Analysis
9.1. North America Pediatric Medical Devices Market Key Findings
9.2. North America Pediatric Medical Devices Market Overview
9.3. North America Pediatric Medical Devices Market Size and Forecast, by Product
9.3.1. In Vitro Diagnostic (IVD) Devices
9.3.2. Cardiology Devices
9.3.3. Diagnostic Imaging Devices
9.3.4. Anesthesia & Respiratory Care Devices
9.3.5. Neonatal ICU Devices
9.3.6. Monitoring Devices
9.3.7. Telemedicine
9.3.8. Home-use Medical Devices
9.4. North America Pediatric Medical Devices Market Size and Forecast, by End-user
9.4.1. Hospitals
9.4.2. Diagnostic Laboratories
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
9.5. North America Pediatric Medical Devices Market Forecast, by Country
9.5.1. U.S.
9.5.2. Canada
9.6. North America Pediatric Medical Devices Market Attractiveness Analysis
9.6.1. By Product
9.6.2. By Disease Indication
9.6.3. By Country
10. Europe Pediatric Medical Devices Market Analysis
10.1. Europe Pediatric Medical Devices Market Key Findings
10.2. Europe Pediatric Medical Devices Market Overview
10.3. Europe Pediatric Medical Devices Market Size and Forecast, by Product
10.3.1. In Vitro Diagnostic (IVD) Devices
10.3.2. Cardiology Devices
10.3.3. Diagnostic Imaging Devices
10.3.4. Anesthesia & Respiratory Care Devices
10.3.5. Neonatal ICU Devices
10.3.6. Monitoring Devices
10.3.7. Telemedicine
10.3.8. Home-use Medical Devices
10.4. Europe Pediatric Medical Devices Market Size and Forecast, by End-user
10.4.1. Hospitals
10.4.2. Diagnostic Laboratories
10.4.3. Ambulatory Surgical Centers
10.4.4. Others
10.5. Europe Pediatric Medical Devices Market Forecast, by Country/Sub-region
10.5.1. Germany
10.5.2. U.K.
10.5.3. Spain
10.5.4. France
10.5.5. Italy
10.5.6. Rest of Europe
10.6. Europe Pediatric Medical Devices Market Attractiveness Analysis
10.6.1. By Product
10.6.2. By Disease Indication
10.6.3. By Country/Sub-region
11. Asia Pacific Pediatric Medical Devices Market Analysis
11.1. Asia Pacific Pediatric Medical Devices Market Key Findings
11.2. Asia Pacific Pediatric Medical Devices Market Overview
11.3. Asia Pacific Pediatric Medical Devices Market Size and Forecast, by Product
11.3.1. In Vitro Diagnostic (IVD) Devices
11.3.2. Cardiology Devices
11.3.3. Diagnostic Imaging Devices
11.3.4. Anesthesia & Respiratory Care Devices
11.3.5. Neonatal ICU Devices
11.3.6. Monitoring Devices
11.3.7. Telemedicine
11.3.8. Home-use Medical Devices
11.4. Asia Pacific Pediatric Medical Devices Market Size and Forecast, by End-user
11.4.1. Hospitals
11.4.2. Diagnostic Laboratories
11.4.3. Ambulatory Surgical Centers
11.4.4. Others
11.5. Asia Pacific Pediatric Medical Devices Market Forecast, by Country/Sub-region
11.5.1. China
11.5.2. India
11.5.3. Japan
11.5.4. Australia & New Zealand
11.5.5. Rest of Asia Pacific
11.6. Asia Pacific Pediatric Medical Devices Market Attractiveness Analysis
11.6.1. By Product
11.6.2. By Disease Indication
11.6.3. By Country/Sub-region
12. Latin America Pediatric Medical Devices Market Analysis
12.1. Latin America Pediatric Medical Devices Market Key Findings
12.2. Latin America Pediatric Medical Devices Market Overview
12.3. Latin America Pediatric Medical Devices Market Size and Forecast, by Product
12.3.1. In Vitro Diagnostic (IVD) Devices
12.3.2. Cardiology Devices
12.3.3. Diagnostic Imaging Devices
12.3.4. Anesthesia & Respiratory Care Devices
12.3.5. Neonatal ICU Devices
12.3.6. Monitoring Devices
12.3.7. Telemedicine
12.3.8. Home-use Medical Devices
12.4. Latin America Pediatric Medical Devices Market Size and Forecast, by End-user
12.4.1. Hospitals
12.4.2. Diagnostic Laboratories
12.4.3. Ambulatory Surgical Centers
12.4.4. Others
12.5. Latin America Pediatric Medical Devices Market Forecast, by Country/Sub-region
12.5.1. Brazil
12.5.2. Mexico
12.5.3. Rest of Latin America
12.6. Latin America Pediatric Medical Devices Market Attractiveness Analysis
12.6.1. By Product
12.6.2. By Disease Indication
12.6.3. By Country/Sub-region
13. Middle East & Africa Pediatric Medical Devices Market Analysis
13.1. Middle East & Africa Pediatric Medical Devices Market Key Findings
13.2. Middle East & Africa Pediatric Medical Devices Market Overview
13.3. Middle East & Africa Pediatric Medical Devices Market Size and Forecast, by Product
13.3.1. In Vitro Diagnostic (IVD) Devices
13.3.2. Cardiology Devices
13.3.3. Diagnostic Imaging Devices
13.3.4. Anesthesia & Respiratory Care Devices
13.3.5. Neonatal ICU Devices
13.3.6. Monitoring Devices
13.3.7. Telemedicine
13.3.8. Home-use Medical Devices
13.4. Middle East & Africa Pediatric Medical Devices Market Size and Forecast, by End-user
13.4.1. Hospitals
13.4.2. Diagnostic Laboratories
13.4.3. Ambulatory Surgical Centers
13.4.4. Others
13.5. Middle East & Africa Pediatric Medical Devices Market Forecast, by Country
13.5.1. GCC Countries
13.5.2. South Africa
13.5.3. Rest of Middle East & Africa
13.6. Middle East & Africa Pediatric Medical Devices Market Attractiveness Analysis
13.6.1. By Product
13.6.2. Disease Indication
13.6.3. By Country/Sub-region
14. Competition Landscape
14.1. Company Profiles
14.1.1. Abbott Laboratories
14.1.1.1. Overview (HQ, Employee Strength, Business Segments)
14.1.1.2. Financials
14.1.1.3. Recent Developments
14.1.1.4. Strategy
14.1.2. Boston Scientific Corporation
14.1.2.1. Overview (HQ, Employee Strength, Business Segments)
14.1.2.2. Financials
14.1.2.3. Recent Developments
14.1.2.4. Strategy
14.1.3. Baxter International, Inc.
14.1.3.1. Overview (HQ, Employee Strength, Business Segments)
14.1.3.2. Financials
14.1.3.3. Recent Developments
14.1.3.4. Strategy
14.1.4. Medtronic plc
14.1.4.1. Overview (HQ, Employee Strength, Business Segments)
14.1.4.2. Financials
14.1.4.3. Recent Developments
14.1.4.4. Strategy
14.1.5. Cardinal Health, Inc.
14.1.5.1. Overview (HQ, Employee Strength, Business Segments)
14.1.5.2. Financials
14.1.5.3. Recent Developments
14.1.5.4. Strategy
14.1.6. F. Hoffmann-La Roche Ltd.
14.1.6.1. Overview (HQ, Employee Strength, Business Segments)
14.1.6.2. Financials
14.1.6.3. Recent Developments
14.1.6.4. Strategy
14.1.7. GE Healthcare
14.1.7.1. Overview (HQ, Employee Strength, Business Segments)
14.1.7.2. Financials
14.1.7.3. Recent Developments
14.1.7.4. Strategy
14.1.8. Johnson & Johnson
14.1.8.1. Overview (HQ, Employee Strength, Business Segments)
14.1.8.2. Financials
14.1.8.3. Recent Developments
14.1.8.4. Strategy
14.1.9. Siemens Healthineers
14.1.9.1. Overview (HQ, Employee Strength, Business Segments)
14.1.9.2. Financials
14.1.9.3. Recent Developments
14.1.9.4. Strategy
14.1.10. Koninklijke Philips N.V.
14.1.10.1. Overview (HQ, Employee Strength, Business Segments)
14.1.10.2. Financials
14.1.10.3. Recent Developments
14.1.10.4. Strategy
14.1.11. Stryker Corporation
14.1.11.1. Overview (HQ, Employee Strength, Business Segments)
14.1.11.2. Financials
14.1.11.3. Recent Developments
14.1.11.4. Strategy
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers