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Surging Demand For Minimally Invasive Pediatric Surgical Procedures Fuels Growth In The Pediatric Medical Devices Market: Key Factor Driving The Growth In The Pediatric Medical Devices Market
The Pediatric Medical Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Pediatric Medical Devices Market Size During the Forecast Period?
The pediatric medical devices market, which was valued at $33.84 billion in 2024, is forecasted to grow to $36.69 billion in 2025, at a CAGR of 8.4%. This growth can be attributed to increasing awareness, rising investments in infrastructure, population growth, government initiatives, and broader insurance coverage.
The pediatric medical devices market is expected to grow to $50.19 billion by 2029, at a CAGR of 8.1%. Growth is driven by value-based care models, improvements in manufacturing, personalized solutions, home-based care, and collaborative innovation. Key trends include remote monitoring solutions, pediatric telemedicine, wearable health devices, pediatric robotics in surgery, and AI integration in pediatric healthcare.
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What Are the High-Growth Segments in the 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
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What Key Drivers Are Expected to Influence Future Pediatric Medical Devices Market Growth?
The increasing demand for minimally invasive pediatric surgical procedures is expected to drive the pediatric medical devices market. Minimally invasive surgeries use small incisions and specialized tools, resulting in faster recovery and fewer complications. Pediatric medical devices are used in these procedures to safely treat children with minimal trauma. For instance, Washington University in St. Louis reported an increase in the number of minimally invasive surgeries, highlighting the growing need for pediatric medical devices.
Which Companies Hold the Largest Share Across Different Pediatric Medical Devices Market Segments?
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 inson 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 Trends Are Expected to Dominate the Pediatric Medical Devices Market in the Next 5 Years?
Companies operating in the pediatric medical devices market are introducing orthopedic implants tailored to children's unique musculoskeletal and congenital health needs. Orthopedic implants are used to support or replace bone and joint structures. In March 2024, OrthoPediatrics Corporation, a U.S.-based medical device firm, unveiled the RESPONSE Rib and Pelvic Fixation system for children with Early Onset Scoliosis (EOS). The system includes various implants, instruments, and connectors to address rib and pelvic fixation with options for Thoracic Insufficiency Syndrome, offering flexible and precise surgical solutions.
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What Are the Emerging Geographies for 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pediatric Medical Devices Market?
2. What is the CAGR expected in the Pediatric Medical Devices Market?
3. What Are the Key Innovations Transforming the Pediatric Medical Devices Industry?
4. Which Region Is Leading the Pediatric Medical Devices Market?
Why This Report Matters:
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
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