Pediatric Medical Devices Market Report by Product (IVD Devices, Cardiology Devices, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Diagnostic Imaging Devices, Telemedicine, and Others), End User (Hospitals, Diagnostic Laboratories, Pediatric Clinics, and Others), and Region 2024-2032

Pediatric Medical Devices Market Report by Product (IVD Devices, Cardiology Devices, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Diagnostic Imaging Devices, Telemedicine, and Others), End User (Hospitals, Diagnostic Laboratories, Pediatric Clinics, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5847
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Market Overview:

The global pediatric medical devices market size reached US$ 38.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 75 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 38.6 Billion
Market Forecast in 2032
US$ 75 Billion
Market Growth Rate 2024-2032 7.5%


Pediatrics is the branch of medicine that is involved with the health and well-being of children, adolescents, and infants. Pediatric medical devices refer to equipment that is used to treat or diagnose diseases and conditions in children ranging from birth to the age of 21, primarily involving pulmonary, respiratory, and cardiac disorders. These medical tools and devices are specifically designed in a manner to suit children's body structures and functions. The five main categories of pediatric medical devices include in-vitro diagnostic (IVD), respiratory care, monitoring, cardiology, and neonatal ICU devices. Some of the most commonly used pediatric devices include transcutaneous oxygen or carbon dioxide monitors, mechanical ventilators, continuous positive airway pressure tubes, cardiorespiratory monitors, and baby thermometers.

Pediatric Medical Devices Market

Pediatric Medical Devices Market Trends:

The market is primarily driven by the rising incidences of chronic and infectious diseases, such as anemia, asthma, chickenpox, mumps, pneumonia, tuberculosis, diphtheria, leukemia, measles, whooping cough, and Lyme disease, among the pediatric population. This has led to a considerable rise in the demand for advanced technologies for accurate diagnosis of such conditions, thereby fueling the market growth. Besides this, the escalating utilization of 3D medical imaging equipment in pediatric radiology is favorably impacting the market on the global level. Moreover, the increasing preterm birth rates are significantly contributing to the growth of the market. The market is also driven by various technological advancements and the widespread adoption of portable devices for home healthcare services. Furthermore, favorable initiatives undertaken by the governments of numerous countries, the introduction of attractive medical reimbursement programs, and the growing investments in research and development (R&D) activities by several key players are some of the other factors providing an impetus to the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global pediatric medical devices market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and end user.

Breakup by Product:

  • IVD Devices
  • Cardiology Devices
  • Anesthesia and Respiratory Care Devices
  • Neonatal ICU Devices
  • Monitoring Devices
  • Diagnostic Imaging Devices
  • Telemedicine
  • Others
     

Breakup by End User:

  • Hospitals
  • Diagnostic Laboratories
  • Pediatric Clinics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Atom Medical Corporation, Baxter International Inc., Cardinal Health Inc., Fritz Stephan GmbH, General Electric Company, Hamilton Medical (Hamilton Company), Koninklijke Philips N.V., Medtronic plc, Siemens AG and Stryker Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Atom Medical Corporation, Baxter International Inc., Cardinal Health Inc., Fritz Stephan GmbH, General Electric Company, Hamilton Medical (Hamilton Company), Koninklijke Philips N.V., Medtronic plc, Siemens AG and Stryker Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global pediatric medical devices market was valued at US$ 38.6 Billion in 2023.

We expect the global pediatric medical devices market to exhibit a CAGR of 7.5% during 2024-2032.

The rising demand for pediatric medical devices to treat pulmonary, respiratory, and cardiac disorders in children ranging from birth to the age of 21 is primarily driving the global pediatric medical devices market.

The sudden outbreak of the COVID-19 pandemic has led to increasing applications of pediatric medical devices to monitor and treat the upper respiratory symptoms, such as rhinitis, nausea, sneezing, nasal congestion, diarrhea, etc., among the coronavirus-infected patients.

Based on the product, the global pediatric medical devices market has been segmented into IVD devices, cardiology devices, anesthesia and respiratory care devices, neonatal ICU devices, monitoring devices, diagnostic imaging devices, telemedicine, and others. Among these, cardiology devices currently hold the majority of the total market share.

Based on the end user, the global pediatric medical devices market can be divided into hospitals, diagnostic laboratories, pediatric clinics, and others. Currently, hospitals exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global pediatric medical devices market include Abbott Laboratories, Atom Medical Corporation, Baxter International Inc., Cardinal Health Inc., Fritz Stephan GmbH, General Electric Company, Hamilton Medical (Hamilton Company), Koninklijke Philips N.V., Medtronic plc, Siemens AG, and Stryker Corporation.

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Pediatric Medical Devices Market Report by Product (IVD Devices, Cardiology Devices, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Diagnostic Imaging Devices, Telemedicine, and Others), End User (Hospitals, Diagnostic Laboratories, Pediatric Clinics, and Others), and Region 2024-2032
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