Pediatric Medical Devices Market Comprehensive Analysis and Future Estimations by 2028

The Pediatric Medical Devices Market is expected projected to reach US$ 48,305.21 million in by 2028 from an estimated value of US$ 28,207.65 million in 2021. The market it is estimated to grow with at a CAGR of 8.0% from during 2021-2028.

The rising incidence of cancer and respiratory disorders among children, and availability of a wide range of pediatric medical devices are among the key factors driving the market growth. However, the lack of awareness about medical devices designed for infants hampers the market growth.

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Analysis of the Top Market Players:

1. Boston Scientific Corporation
2. Abbott
3. Medtronic
4. Baxter
5. Cardinal Health, Inc.
6. F. Hoffmann-La Roche Ltd.
7. General Electric Company
8. Johnson And Johnson Services, Inc.
9. Koninklijke Philips N.V.
10. Siemens AG

In this report, the market has been segmented on the basis of:

Product
• In Vitro Diagnostic (IVD) Devices
• Cardiology Devices
• Respiratory Care Devices
• Monitoring Devices
• Neonatal ICU Devices

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Pediatric medical devices are used in the diagnosis and treatment of various medical conditions occurring in children from birth till the age of 21. The medical device innovation demonstrates both the unique needs of children and the challenges of getting to the market a device that meets those requirements. Designing pediatric medical devices is a challenging task. The designers need to consider the following aspects while designing these devices: children are often more active than adults, their body structures and functions are continuously developing and are different than adults; moreover, they may be long-term users of the devices.

The healthcare systems worldwide are continuously evolving due to product innovations and developments. The rise in diseases and disorders among children plays a key role in attracting investments from the global and domestic players into this sector. The trend for pediatric medical devices is likely to grow dramatically in the future, owing to the increasing number of market players offering products. Moreover, innovative products, revolutionary technology, and successful events have created opportunities for the companies to continue producing pediatric medical devices. In addition, the growing trend of point-of-care devices in hospitals and at-home care is expected to benefit the pediatric medical devices market in the coming years.

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