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What is the Anticipated CAGR of the Pediatric Medical Devices Market, and What Factors Will Drive It?

The market for pediatric medical devices has seen robust growth in the recent past. The market, which will expand from $33.84 billion in 2024, is expected to escalate to $36.69 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.4%. The past expansion is attributable to increasing awareness, rising infrastructure investments, population increase, government efforts, and insurance expansion.

The market for pediatric medical devices is projected to witness robust expansion in the coming years, expected to rise to $50.19 billion in 2029 with an 8.1% compound annual growth rate (CAGR). This expected growth during the forecast period can be credited to factors such as the implementation of value-based care models, enhancements in manufacturing procedures, bespoke solutions, a shift towards home-based care, and joint innovation. Some major upcoming trends during the forecast period include solutions for remote monitoring, telemedicine services for children, wearable health gadgets for minors, the use of robotics in pediatric surgeries, and the incorporation of AI into pediatric health services.

How Are the key drivers expanding the growth of the Pediatric Medical Devices Market?

The pediatric medical devices market is predicted to flourish due to an increase in demand for minimally invasive surgeries specifically designed for children. These procedures, which use small incisions or natural body openings, along with advanced tools and imaging technology, aid in diagnosing, treating, or managing children’s health issues with less trauma and quicker recovery compared to traditional open surgeries. Technological improvements are boosting the popularity of minimally invasive pediatric surgeries because they allow for safer, more accurate interventions with fewer post-surgical complications. Pediatric medical devices play a key role in these surgeries by enabling accurate access, visualization, and manipulation of the pediatric anatomy using small incisions. This contributes to the safe and efficient treatment of pediatric issues with minimal damage to surrounding tissues. For example, Washington University in St. Louis, a private university in the US, shared in March 2023 that the number of operations room cases featuring minimally invasive surgery grew from 2,208 in 2021 to 2,400 in 2022. This significant growth of 192 cases within a year underlines the increased demand for minimally invasive pediatric surgical procedures, and in turn, is fueling the expansion of the pediatric medical devices market.

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Who Are the Top Companies Contributing to the Growth of the Pediatric Medical Devices Market?

Major companies operating in the pediatric medical devices market are:

• Cardinal Health Inc._x000D_

• Johnson & Johnson_x000D_

• Siemens AG_x000D_

• F. Hoffmann-La Roche Ltd._x000D_

• Abbott Laboratories_x000D_

How Are Technological Trends Affecting the Growth and Development of the Pediatric Medical Devices Market?

Prominent firms in the pediatric medical devices market are innovating orthopedic implants to cater to the specific healthcare requirements of pediatric patients, from musculoskeletal disorders to innate abnormalities. Orthopedic implants are health devices designed to replace or uphold absent or impaired bone or joint structures in the musculoskeletal system. For instance, OrthoPediatrics Corporation, a medical device firm based in the USA, introduced the RESPONSE Rib and Pelvic Fixation system in March 2024, designed specifically for pediatric patients suffering from Early Onset Scoliosis (EOS). This all-inclusive system encompasses implants, tools, and connecting appliances, offering surgeons a multipurpose solution for rib and pelvic fixation, including provisions for patients prone to Thoracic Insufficiency Syndrome. The system, packed with features like a variety of implant choices, streamlined designs, and locking methods, escalates accuracy and flexibility in treating EOS instances.

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Which Growth-Oriented Segments of the Pediatric Medical Devices Market Are Leading the Industry’s Development?

The pediatric medical devices market covered in this report is segmented –

1) By Product: Cardiology Devices, In Vitro Diagnostic (IVD) Devices, Diagnostic Imaging Devices, Anesthesia And Respiratory Care Devices, Neonatal Intensive Care Unit (ICU) Devices, Other Products

2) By Age Group: Infants, Children, Adolescents

3) By End-User: Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End-Users

Subsegments:

1) By Cardiology Devices: Pediatric ECG Machines, Pediatric Defibrillators, Pediatric Pacemakers, Pediatric Stethoscopes

2) By In Vitro Diagnostic (IVD) Devices: Blood Glucose Monitoring Devices, Point-Of-Care Testing Devices, Molecular Diagnostic Devices, Immunoassay Analyzers

3) By Diagnostic Imaging Devices: Pediatric Ultrasound Machines, Pediatric X-Ray Machines, Pediatric MRI Machines, Pediatric CT Scanners

4) By Anesthesia And Respiratory Care Devices: Pediatric Ventilators, Pediatric Anesthesia Machines, CPAP Devices For Pediatrics, Oxygen Concentrators For Pediatrics

5) By Neonatal Intensive Care Unit (ICU) Devices: Neonatal Incubators, Neonatal Ventilators, Neonatal Monitoring Devices, Phototherapy Devices

6) By Other Products: Pediatric Surgical Instruments, Pediatric Infusion Pumps, Pediatric Monitoring Devices, Pediatric Rehabilitation Devices

What Are the Key Regions Powering Growth in the Pediatric Medical Devices Market?

North America was the largest region in the pediatric medical devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Pediatric Medical Devices Market Defined Across Different Regions?

Pediatric medical devices are specialized healthcare products designed and tailored specifically for infants, children, and adolescents, addressing their unique anatomical, physiological, and developmental needs to diagnose, treat, monitor, or manage various pediatric conditions and diseases. These devices are tailored to meet the unique physiological and developmental needs of pediatric patients, ensuring their safety, efficacy, and comfort.

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