Pediatric Medical Devices Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Pediatric Medical Devices Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (In Vitro Diagnostic (IVD) Devices, Cardiology Devices, Respiratory Care Devices, Monitoring Devices, Neonatal ICU Devices, and Others), End User (Hospitals, Pediatric Clinics, and Others), and Geography

  • Report Code : TIPHE100001390
  • Category : Medical Device
  • No. of Pages : 150

Pediatric Medical Devices Market Research Report 2021-2031

Buy Now

The Pediatric Medical Devices market size is projected to reach US$ 54.87 billion by 2031 from US$ 32.48 billion in 2023. The market is expected to register a CAGR of 6.78% during 2023–2031. The rising popularity of Point-of-Care devices for pediatric care are likely to remain key trends in the market.

Pediatric Medical Devices Market Analysis

Pediatric medical devices treat or diagnose conditions in individuals from birth through age 21. Pediatric patients are defined as persons aged 21 or younger at the time of their diagnosis or treatment. Pediatric subpopulations are categorized as neonates (birth through 28 days), infants (29 days to less than 2 years), children (2 years to less than 12 years), and adolescents (12 through 21 years). The rising chronic diseases among the pediatric population boost the demand for pediatric medical devices.

Pediatric Medical Devices Market Overview

According to an article published in Wiley online library in August 2020, 3.9 million surgeries are performed on children aged 0-17 in the US annually. The most common surgical procedures in childhood, excluding circumcision, are related to the ear, nose, and throat: tonsillectomies, adenoidectomies, and tympanostomy tube placement. The rising number of pediatric surgeries is increasing the demand for new innovations in the pediatric medical device market. In addition, with the growing demand, companies are introducing new technologies to accelerate growth of their market share. For instance, in June 2021, Preceptis Medical, Inc., launched Hummingbird Tympanostomy Tube System (TTS), a next-generation ear tube system for office-based pediatric myringotomy procedures. The new Hummingbird device has an improved ergonomic design that makes tympanostomy procedures in toddlers more successful without general anesthesia.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Pediatric Medical Devices Market: Strategic Insights

Pediatric Medical Devices Market
  • CAGR
    CAGR (2023 - 2031)
    6.78%
  • Market Size 2023
    US$ 32.48 Billion
  • Market Size 2031
    US$ 54.87 Billion

Market Dynamics

GROWTH DRIVERS
  • Rising Prevalence of Pediatric Diseases and Surgeries Raises Demand for NGS Based RNA Seq Technologies
FUTURE TRENDS
  • High Growth Potential in Emerging Economies Brings Growth Opportunities in Pediatric Medical Devices Market
OPPORTUNITIES
  • Adoption of Point-of-Care Products in Pediatrics

Key Players

  • F Hoffmann La Roche Ltd
  • General Electric Company
  • Atom Medical Corp
  • Koninklijke Philips N V
  • Siemens AG
  • Medtronic
  • Hamilton Medical
  • Novonate Inc
  • TSE MEDICAL
  • Fritz Stephan GmbH

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentProduct
  • In Vitro Diagnostic Devices
  • Cardiology Devices
  • Respiratory Care Devices
  • Monitoring Devices
  • Neonatal ICU Devices
Market SegmentEnd User
  • Hospitals
  • Pediatric Clinics
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Pediatric Medical Devices Market Drivers and Opportunities

Mounting Number of Pediatric Surgeries to Favor Market

As highlighted by the United Nations International Children's Emergency Fund (UNICEF), Pneumonia is the leading cause of death among children under 5, resulting in ~ 700,000 deaths per year. The increasing prevalence of chronic diseases including respiratory diseases, cancer, and cardiovascular disorders is expected to boost demand for pediatric medical devices. Hypoxic-Ischemic Encephalopathy (HIE) is a leading cause of neonatal mortality and morbidity in term and near-term infants. With the advancements in neonatal care, medical technologies have enabled the adoption of new therapies to support care or to be explored in large clinical studies. As a result, the rising adoption of medical devices in pediatric care facilities, fuels the global pediatric medical devices market.

High Growth Potential in Emerging Economies Brings Growth Opportunities

According to an article published in BMJ Open in November 2022, a study conducted using Demographic and Health Survey data from 33 sub-Saharan African countries concluded that Common childhood illnesses are prevalent among under-5 children in sub-Saharan African countries. Factors at individual and community levels are associated with this issue. Furthermore, the expanding healthcare infrastructure in emerging economies and the growing emphasis on telemedicine offer promising prospects for market expansion. Thus, collective initiatives by the international organizations, such as WHO and UNICEF in the regions such as the Asia Pacific, and Middle East and Africa strengthen their pediatric healthcare infrastructures by creating awareness regarding pediatric safety. These are likely to offer lucrative opportunities for the pediatric medical devices market growth during the forecast period.

Pediatric Medical Devices Market Report Segmentation Analysis

Key segments that contributed to the derivation of the pediatric medical devices market analysis are product and end user.

  • The pediatric medical devices market is segmented based on product into in vitro diagnostic (IVD) devices, cardiology devices, respiratory care devices, monitoring devices, neonatal ICU devices, and others. The in vitro diagnostic (IVD) devices segment held the largest market share in 2023.
  • By end user, the market is segmented into hospitals, pediatric clinics, and others. The hospitals segment held the largest share of the market in 2023.

Pediatric Medical Devices Market Share Analysis by Geography

The geographic scope of the Pediatric Medical Devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.  Asia Pacific is expected to grow with the highest CAGR in the coming years.

The Pediatric Medical Devices market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is projected to have the largest share of the North America pediatric medical devices market in 2023.

As per the American Academy of Pediatrics, ~3% to 4% of all babies born in the US have congenital abnormalities. As per the Centers for Disease Control and Prevention (CDC), 1 in every 33 babies born in the US is affected by birth defects every year. The rise in the number of pediatric populations having birth deformities reflects the greater number of populations undergoing surgical treatments. Therefore, factors such as the mounting burden of pediatric diseases, R&D activities to develop advanced pediatric medical devices, and increasing product launches attributes to the growth of the US pediatric medical devices market share.

Pediatric Medical Devices Market Report Scope

Report Attribute Details
Market size in 2023 US$ 32.48 Billion
Market Size by 2031 US$ 54.87 Billion
Global CAGR (2023 - 2031) 6.78%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • In Vitro Diagnostic Devices
  • Cardiology Devices
  • Respiratory Care Devices
  • Monitoring Devices
  • Neonatal ICU Devices
By End User
  • Hospitals
  • Pediatric Clinics
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • F Hoffmann La Roche Ltd
  • General Electric Company
  • Atom Medical Corp
  • Koninklijke Philips N V
  • Siemens AG
  • Medtronic
  • Hamilton Medical
  • Novonate Inc
  • TSE MEDICAL
  • Fritz Stephan GmbH
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Pediatric Medical Devices Market News and Recent Developments

The Pediatric Medical Devices market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the Pediatric Medical Devices market are listed below:

  • OrthoPediatrics Corp. have entered an agreement to acquire Pega Medical, including its Fassier-Duval Telescopic Intramedullary System designed for patients suffering from Osteogenesis Imperfecta and other bone deformities. Their product offerings include novel technologies to treat some of the most unique conditions in pediatric orthopedics. (Source: OrthoPediatrics Corp, Press Release, June 2022).
  • LMT Medical Systems created the "Nomag IC Enhanced," an advanced MR Diagnostics Incubator that allows neonates and preterm babies to be moved straight from the NICU into the MR suite for testing using optimum, non-invasive Magnetic Resonance Imaging. Throughout the transit and MRI examination, the infant is safeguarded inside the life-sustaining, temperature and humidity-controlled MR-incubator. (Source: Ergotron, Press Release, December 2020).

Pediatric Medical Devices Market Report Coverage and Deliverables

The “Pediatric Medical Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Pediatric medical devices market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Pediatric medical devices market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Pediatric medical devices market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Pediatric medical devices market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product Devices ; End User , Geography

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the expected CAGR of the Pediatric Medical Devices market?

The Pediatric Medical Devices market is anticipated to grow at a CAGR of 6.78% during 2023-2031.

What would be the estimated value of the Pediatric Medical Devices market by 2031?

The Pediatric Medical Devices market is estimated to reach US$ 54.87 billion by 2031.

What are the future trends of the pediatric medical devices market?

The rising popularity of Point-of-Care devices for pediatric care are future trends in the market.

Which are the leading players operating in the pediatric medical devices market?

F. Hoffmann-La Roche Ltd, General Electric Company, Atom Medical Corp., Koninklijke Philips N.V., Siemens AG, Medtronic, Hamilton Medical, Novonate, Inc, TSE MEDICAL, Fritz Stephan GmbH are some leading players operating in the pediatric medical devices market.

What are the driving factors impacting the pediatric medical devices market?

Factors including rising prevalence of pediatric diseases and mounting number of pediatric surgeries are the driving factors the pediatric medical devices market growth.

Which region dominated the pediatric medical devices market in 2023?

North America dominated the pediatric medical devices market in 2023.

Trends and growth analysis reports related to Medical Device : READ MORE..