Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

How has the pediatric medical devices market grown over the years?

The market size for pediatric medical devices has experienced significant growth in the previous years. Its projection is to rise from 33.84 billion dollars in 2024 to 36.69 billion dollars in 2025 with a Compound Annual Growth Rate (CAGR) of 8.4%. Factors contributing to the growth during the historic period include heightened awareness, escalated investment in infrastructure, population increase, government efforts, and the expansion of insurance.

What Is the forecasted market size and growth rate for the pediatric medical devices market?

The market size for pediatric medical devices is anticipated to experience significant growth in the upcoming years. By 2029, it is projected to reach $50.19 billion with a compound annual growth rate (CAGR) of 8.1%. The predicted growth during the forecast period can be linked to value-based care models, improvement in manufacturing methods, customized solutions, the emphasis on home-based care, and cooperative innovation. The future trends within this period encompass remote monitoring systems, telemedicine services for children, wearable health devices designed for kids, the inclusion of robotics in pediatric surgical procedures, and the incorporation of artificial intelligence in pediatric healthcare.

Get your pediatric medical devices market report here!

https://www.thebusinessresearchcompany.com/report/pediatric-medical-devices-global-market-report

What are the major factors driving growth in the pediatric medical devices market?

The pediatric medical devices market is anticipated to expand due to the increasing demand for minimally invasive pediatric surgical procedures. These procedures necessitate small incisions or natural body openings in combination with specialized instruments and imaging technology, offering less trauma and faster recovery than traditional open surgeries for pediatric health conditions. Technological advancements fuel this growing demand, providing safer and more accurate interventions with fewer post-operative complications. Pediatric medical devices play a crucial role in these surgeries, allowing precise access, visualization, and manipulation of pediatric anatomy through small incisions, resulting in an efficient and safe treatment of pediatric conditions with minimal trauma to surrounding tissues. For example, Washington University in St. Louis, a private US-based university, reported in March 2023 that the number of operating room cases for minimally invasive surgery rose from 2,208 in 2021 to 2,400 in 2022, an increase of 192 cases within a year. Hence, the rising demand for minimally invasive pediatric surgical procedures is stimulating the growth of the pediatric medical devices market.

What key areas define the segmentation of the global pediatric medical devices Market?

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

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=15890&type=smp

What are the top market players propelling the growth of the pediatric medical devices industry?

Major companies operating in the pediatric medical devices market are Cardinal Health Inc., Johnson & Johnson, Siemens AG, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., Becton Dickinson and Company, Strykar Healthcare, GE HealthCare Technologies, Baxter International Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Hamilton Medical, Ningbo David Medical Device Co. Ltd., Phoenix Medical Systems Pvt Ltd., Fritz Stephan GmbH, Trimpeks, Atom Medical Corporation, Elektro-Mag, Novonate Inc.

What key trends are currently impacting the pediatric medical devices market’s development?

Leading firms in the pediatric medical devices market are introducing orthopedic implants designed specifically to meet the distinct health requirements of children with conditions ranging from musculoskeletal issues to congenital anomalies. Such implants are utilized to substitute or bolster deficient or harmed bone or joint structures in the musculoskeletal framework. In March 2024, for example, OrthoPediatrics Corporation, a medical device company based in the US, unveiled the RESPONSE Rib and Pelvic Fixation system, engineered specifically for pediatric patients suffering from Early Onset Scoliosis (EOS). This comprehensive solution includes the necessary implants, tools, and joining devices, providing doctors with a multi-purpose remedy for rib and pelvic fixation, as well as options for patients with a high risk of Thoracic Insufficiency Syndrome. The system offers features like an array of implant alternatives, less intrusive designs, and locking mechanisms, increasing accuracy and adaptability in the treatment of EOS cases.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15890

What regions are dominating the pediatric medical devices market growth?

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.

Browse Through More Similar Reports By The Business Research Company:

Pediatric Imaging Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/pediatric-imaging-global-market-report

Pediatric Perfusion Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/pediatric-perfusion-global-market-report

Pediatric Software Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/pediatric-software-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: