the global pediatric medical devices market was valued at USD 33.57 billion and is projected to reach USD 68.81 billion by 2032, with a revenue compound annual growth rate (CAGR) of 8.3% during the forecast period. The market’s expansion can be attributed to various factors, including the increasing prevalence of chronic pediatric disorders, a rising demand for pediatric medical equipment, and technological advancements in this field. A key driver of market growth is the escalating demand for pediatric medical equipment, primarily propelled by the growing global pediatric population. The prevalence of pediatric chronic disorders such as diabetes, asthma, cancer, and heart disease is also on the rise, contributing to an increased need for pediatric medical devices.
Furthermore, market expansion is driven by the growing focus on technological advancements in pediatric medical equipment. Manufacturers of medical devices are consistently investing in research and development to create cutting-edge and innovative pediatric medical devices. For instance, the development of wearable pediatric medical equipment capable of continuously monitoring vital signs and detecting early signs of any issues has seen a significant increase.
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Strategic Development:
- In 2021, Medtronic plc acquired the Israeli medical device company, Micro Medical Solutions, to expand its portfolio of minimally invasive pediatric medical devices. The acquisition was aimed at strengthening Medtronic’s capabilities in treating complex pediatric vascular diseases.
- In 2020, Baxter International Inc. announced the launch of a new pediatric dialysis machine, designed specifically for children with kidney failure. The device offers several advanced features, such as automatic fluid management and temperature control, to improve the safety and efficacy of dialysis treatment in children.
- In 2020, Johnson & Johnson launched a new line of pediatric orthopedic implants, including plates, screws, and nails, for the treatment of fractures and deformities in children. The devices are designed to be more anatomically appropriate for pediatric patients, reducing the risk of complications and improving outcomes.
- In 2019, Abbott Laboratories received FDA approval for its pediatric mechanical heart valve, a device designed to replace defective heart valves in children. The device is the first of its kind to be approved for use in children, and is expected to improve the outcomes of pediatric heart surgeries.
- In 2019, GE Healthcare launched the Versana Premier ultrasound system, a portable device designed for use in pediatric and obstetric imaging. The device features advanced imaging technologies and is designed to be easy to use, improving the speed and accuracy of diagnostic imaging in children.
Key Players covered in this report are
- Abbott Laboratories
- Baxter International Inc.
- Becton, Dickinson and Company
- Johnson & Johnson
- Medtronic plc
- Philips Healthcare
- GE Healthcare
- Stryker Corporation
- Smith & Nephew plc
- Fresenius Medical Care AG & Co. KGaA
Market Segmentation:
| By Product Type Outlook |
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| By End-Use Outlook |
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Pediatric Medical Device industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Pediatric Medical Device manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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