Global Pediatric Medical Device Information, By Type (Infant Caps, Infant Incubators, Bili Lights, Newborn Hearing Screener, Infant Warmer, Cranial Orthosis, Atrial Septal Defect Occlude, Cerebrospinal Fluid Shunt, others) By End Users – Forecast till 2023
Global market of pediatric medical device is expected to grow at a CAGR of approximately 10.5% during the forecast period 2017-2023.
Key Players for Pediatric Medical Device Market
Abbott (U.S), General Electric Company (U.S), Johnson & Johnson Private Limited (U.S), Medtronic (Ireland), Siemens AG (Germany), Koninklijke Philips N.V. (Netherland), Novamed (U.S), Phoenix Medical Systems USA (U.S), Phoenix Medical Systems (P) Ltd. (India), Pega Medical (U.S)
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Market Scenario for Pediatric Medical Device Market
Pediatrics is a branch of medicine which deals with diagnosis and treatment of diseases related to pediatric group. It can be classified into the four categories namely neonates (from birth till the first 28 days of life), infants (29 days to 2 years), children (2 years to 12 years) and adolescents (12 years to 18 years). Pediatrician is a medical professional who specializes in providing treating the pediatric group.
Pediatric medical devices are used for the treatment and care of infants and children below 18 years having some healthcare issues. Many of the pediatric medical devices are especially designed and developed for children, but in some cases, adult devices are also used. Market for pediatric medical devices is growing tremendously due to rising incidence of disease among children, rising child bearing age among women, increasing number of children with chronic heart diseases, rising number of pediatric hospitals and clinics. Moreover, increasing number of initiatives by the regulatory organization has also supported the market growth. For instance, to support the development and availability of safe and effective pediatric medical devices FDA has taken initiatives like they are collaborating with the Institute of Medicine for the effectiveness of post-market surveillance of pediatric medical devices. While due to the lack of significant biocompatibility and safety criteria for the medical devices have restrained the growth of pediatric medical device market. Moreover, the other major restraint for the market is design compatible pediatric devices that can provide appropriate care to the pediatric patients.
SEGMENTATION FOR PEDIATRIC MEDICAL DEVICE MARKET
Global pediatric medical device market has been segmented on the basis of types of devices which includes infant caps, infant incubators, bili lights, newborn hearing screener, infant warmer, cranial orthosis, atrial septal defect occlude, cerebrospinal fluid shunt and others. Other devices include pulse oximeter for infants and automated external defibrillator. On the basis of end users, the market is segmented into hospitals, pediatric clinics and others.
REGIONAL ANALYSIS FOR PEDIATRIC MEDICAL DEVICE MARKET
Globally, pediatric medical device market consists of four regions namely Americas, Europe, Asia Pacific and Middle East & Africa. America is the largest market for pediatric medical devices whose growth is attributed to an increase in incidence of chronic diseases like heart disease, diabetes and obesity, rising awareness about adolescent health and rising demand of medical devices in pediatric hospitals and clinics. According to National Institute of Diabetes & Digestive & Kidney Diseases, 17.6 percent children and adolescents aged between 2 to 19 which is about 1 in 6 were considered to have obesity, and about 1 in 17 (6 percent) were considered to have extreme obesity in US.
Europe is the second largest market owing to prevalence of obesity, disease among children, increasing number pediatric clinics and demand of innovative medical devices for children.
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MAJOR TOC PEDIATRIC MEDICAL DEVICE
Chapter 1. Report Prologue
Chapter 2. Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
Chapter 3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
Chapter 5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger and Acquisition Landscape
5.7 Up-Coming Trends in Pediatric Medical Device Market
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