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2022
Pediatric Medical Devices Market

Pediatric Medical Devices Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

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Feb 2022 | 41 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Pediatrics is the branch of medicine that involves the medical care of infants, children, and adolescents. Pediatric Medical Devices Market are the devices or equipment that is used for diagnosis and treatment of diseases and conditions from birth through age 21. According to the Food, Drug, and Cosmetic Act (FDA), pediatric patients are patients aged 21 or below. The pediatric group includes neonates, infants, children, and adolescents. Pediatric Medical Devices are used for diagnosis and monitoring of various chronic respiratory and pulmonary heart diseases. They include various devices like transcutaneous oxygen/carbon dioxide monitor, mechanical ventilators, infant incubators, baby Thermometers continuous positive airway pressure tubes, and cardiorespiratory monitor.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Type, End User, and Region

  Companies covered

Abbott Laboratories, Boston Scientific Corporation, Cardinal Health, Stryker Corporation, F. Hoffmann-La Roche Ltd, Medtronic PLC, GE Healthcare, Philips Healthcare, Baxter, and Siemens Healthineers.

 

COVID-19 scenario analysis

The COVID-19 pandemic has affected all aspects of life worldwide. Due to its extremely high potential for dissemination, the COVID-19 outbreak was declared a pandemic by the World Health Organization. The COVID-19 pandemic has dramatically affected clinical practice, resulting in an enormous challenge for health systems. The outbreak has been characterized by a substantially increased demand for respiratory and infection departments and intensive care units (ICUs). The FDA has received EUA (emergency use authorizations) requests for COVID-related medical devices, including infusion pump systems, continuous positive airway pressure machines, airway clearance devices and anesthesia gas machines. The FDA supports sponsors seeking to ensure these devices are programmed to meet the specific needs of pediatric patients. For example, the FDA issued) an EUA (emergency use authorizations ) for a device that provides continuous renal replacement therapy and can be used in patients weighing 8 to 20 kilograms with lower blood volume or patients who have acute renal failure, fluid overload or both, and who cannot tolerate a larger extracorporeal circuit volume in an acute care environment. The FDA continues to stress the importance of not losing sight of pediatric patients needs during the COVID-19 pandemic. And that possibly would have a positive impact on Pediatric medical devices market.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The rise in the incidences of chronic disease or infectious disease among the pediatric population such as diphtheria, leukemia, measles, mumps, anemia, asthma, chickenpox, tuberculosis, whooping cough, Lyme disease and pneumonia acts as one of the major factors driving the growth of pediatric medical devices market. According to the report of UNICEF, pneumonia kills more children than any other infectious disease, taking lives of over 800,000 children under five, every year. Furthermore, the rising number of initiatives taken by the regulatory organization and increasing pediatric hospital over the globe, technological advances in pediatric devices, and growing parental awareness programs. However, the lack of proper healthcare facilities and low awareness about the medical devices designed for the infants is devices is projected to challenge growth of the market.

New product launches to flourish the market

The launches of new products that contain improved capabilities have been launched by leading market players. Medtronic Launches new pediatric monitor that alerts clinicians to potential airway obstructions during ventilation. Medtronic pl
the global leader in medical technology, announced commercial launch of the SonarMed airway monitoring system. The first and only device of its kind, the SonarMed airway monitoring system utilizes acoustic technology to check for endotracheal tube obstruction and verify position in real-time, giving clinicians vital information required to make more informed, life-saving decisions.

Key benefits of the report

  • This study presents the analytical depiction of the global pediatric medical devices market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Pediatric Medical Devices Market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Pediatric Medical Devices Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.  

Questions answered in the pediatric medical devices market report

  • Which are the leading players active in the pediatric medical devices market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Type• Cardiology Devices• In Vitro Diagnostic (IVD) Devices• Diagnostic Imaging Devices• Telemedicine• Anesthesia and Respiratory Care Devices• Neonatal ICU Devices• Monitoring Devices• OthersEnd User • Hospitals• Pediatric Clinics• Ambulatory Surgery Centers• Research and Academic Institutes• Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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