Pediatric Medical Devices Market by End-user, Product, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 169 SKU: IRTNTR75095

Pediatric Medical Devices Market Size 2023-2027

The pediatric medical devices market is estimated to increase by USD 15.01 billion and grow at a CAGR of 8.84% between 2022 and 2027. Market growth hinges on several factors, notably the escalating incidence of preterm birth, burgeoning market opportunities in emerging economies, and heightened initiatives and awareness campaigns spearheaded by both public and private entities. However, the landscape is fraught with challenges, including the imposition of stringent regulatory requirements, the exorbitant costs associated with neonatal pediatric medical devices, and the inherent limitations of devices coupled with the specter of product recalls. These obstacles underscore the need for concerted efforts to navigate regulatory landscapes effectively, optimize cost structures, and enhance product reliability to mitigate risks and ensure sustained market growth in the field of neonatal care.

What will be the Size of the Pediatric Medical Devices Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by end-user (hospitals, pediatric clinics, and others), product (in vitro diagnostic devices, cardiology devices, anesthesia and respiratory care devices, neonatal ICU devices, and others), and Geography (North America, Asia, Europe, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By End-user

The market share growth by the hospitals segment will be significant during the forecast period. In 2022, the hospital segment had the largest market share in the global paediatric medical devices market. Furthermore, during the forecast period, the segment is expected to dominate the market with a focus on end-users. This is due to hospitals being key users who have a significant impact on the growth of the global paediatric medical devices market.

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The hospitals segment was valued at USD 9.26 billion in 2017 and continued to grow by 2021. The adoption of advanced maternity facilities in developed countries such as the United States, Germany, and the United Kingdom has benefited the hospital segment and, as a result, the global market. According to a government survey, the proportion of women giving birth in a hospital has increased.

Key Regions

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In 2022, the market in North America had a considerable market share. The United States led the market in North America, owing to increased insurance coverage, increased R&D spending, the growing geriatric population with chronic diseases, high healthcare spending, and increased promotions about the use of POC tests for disease detection. According to the Centers for Disease Control and Prevention (CDC), chronic diseases are the leading cause of death and disability in six out of ten adults in the United States. The Midwest states of Indiana, Ohio, and Illinois  are expected to grow at a faster pace due to their increasing number of accredited laboratories and reimbursements by Medicare.

The presence of numerous vendors, including in-vitro diagnostics instruments and consumables, in the United States is also contributing to the growth of the North Americanmarket. For instance, Thermo Fisher Scientific, based in the United States, sells Phadia 250 immunoassay analyzers, which are fully automated devices designed for medium-sized laboratories and can produce 400 to 2,000 results per week. The strong presence of vendors offering a wide range of products ensures increased product availability and awareness in the market in the United States.

Market Dynamics and Customer Landscape

Pediatric medical devices address various health issues in children, including chronic diseases like respiratory disorders and asthma. These devices are pivotal in hospitals and clinics, offering solutions through drugs and off-label indications for pediatric patients. Clinical trial enrollments facilitate advancements in pediatric care, particularly in areas such as cancer treatment and managing inherited gene mutations. Medical devices, ranging from cardiology devices to diagnostic imaging tools, aid in disease monitoring and diagnosis, supported by innovations like artificial intelligence and asthma biomarkers. They cater to the unique healthcare needs of newborns, kids, and teenagers, ensuring accurate diagnostics and treatment. Additionally, anesthesia care devices play a crucial role in pediatric procedures, enhancing safety and comfort during medical interventions.

Key Market Driver

  • The increasing prevalence of preterm birth is notably driving the demand during the forecast period. 
  • Preterm birth, also known as premature birth, occurs when a baby is born before 37 weeks of gestation.
  • Every year, approximately 15 million babies are born prematurely, according to the World Health Organization (WHO).
  • Premature birth is usually caused by factors such as a six-month interval between pregnancies, in-vitro fertilization, infections in the amniotic fluid and lower genital tract, multiple miscarriages or abortions, multiple pregnancies, and the occurrence of chronic conditions such as diabetes and high blood pressure during delivery.
  • Premature babies are frequently associated with high neonatal mortality (death within the first 28 days of life), short- or long-term morbidities, and disabilities such as cerebral palsy, sensory impairments, learning disabilities, breathing difficulties, developmental delays, and respiratory illnesses.

Significant Market Trend

  • The global adoption of advanced treatment solutions is a new trend in the global market. 
  • The use and adoption of in-vitro diagnostics with immunoassay and molecular diagnostic devices to manage and test for cancer, CVD, and infectious kidney diseases is growing.
  • The availability of advanced treatment care also allows for higher rates of adoption among healthcare providers.
  • For example, Siemens' Xprecia Stride Coagulation Analyzer is a handheld device that accurately performs ProTime INR (PT/INR) tests.
  • Although routine diagnostic testing currently has a higher volume of activity, growth in esoteric, pathology and genetic testing areas is expected to outpace in the coming year.
  • As the market for specialty testing grows, laboratories increasingly prefer to buy in bulk from a single trusted partner rather than purchasing individual analyzers.

Major Market Challenge

  • The stringent regulatory requirements are major challenges that may hinder the global market growth during the forecast period. 
  • Various regulatory bodies issue guidelines to manufacturers and marketers of baby-warming devices.
  • Regulatory bodies such as the US Food and Drug Administration (FDA) and other regulatory bodies in the EU play an important role in approving these devices and their components.
  • The approval procedure necessitates that the products meet stringent regulatory requirements before being released to the market.
  • There is a chance that the product under consideration will be rejected during the approval process, resulting in losses for the manufacturer.
  • The regulatory requirements differ from country to country, and the various formalities, particularly for medical devices, can be expensive for a manufacturer. 
  • For example, to obtain premarket approval, a company must pay the FDA a minimum of USD 62,000, and the process takes a long time.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Pediatric Medical Devices Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co.- The company offers pediatric medical devices that include cardiology stethoscopes which are designed for those who desire consistent outstanding acoustic performance, especially in critical care and other challenging environments.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Abbott Laboratories
  • Atom Medical Corp.
  • Baxter International Inc.
  • Boston Scientific Corp.
  • Cardinal Health Inc.
  • Dragerwerk AG and Co. KGaA
  • Fritz Stephan GmbH
  • General Electric Co.
  • Hamilton Medical AG
  • Johnson and Johnson Services Inc.
  • Koninklijke Philips NV
  • Medtronic Plc
  • Ningbo David Medical Device Co. Ltd.
  • Novonate Inc.
  • Pega Medical Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2012 to 2022 for the following segments

  • End-user Outlook 
    • Hospitals
    • Pediatric clinics
    • Others
  • Product Outlook
    • In vitro diagnostic devices
    • Cardiology devices
    • Anesthesia and respiratory care devices
    • Neonatal ICU devices
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • Rest of World (ROW)
      • Saudi Arabia
      • South Africa
      • Brazil
      • Argentina

Market Analyst Overview

The market is shaped by various factors such as the prevalence of respiratory disorders like asthma, which necessitates innovative drugs and diagnostic tools. Pediatric patients require specialized devices, including anesthesia care and diagnostic imaging equipment, often used for off-label indications. With conditions like chronic obstructive pulmonary disease (COPD) and obstructive sleep apnea (OSA) affecting children, critical care devices like ventilators and warmers are crucial. Additionally, advancements in artificial intelligence aid in disease monitoring and diagnosis, particularly for respiratory diseases. From premature births to common ailments like anemia and pneumonia, monitoring devices like pulse oximeters play a pivotal role. Newborns, kids, and teenagers benefit from telemedicine and home-use medical devices, ensuring comprehensive care and efficient disease management.

Clinical trial enrollments and parental approval are crucial for testing pediatric medical devices like rotatable mechanical heart valves and in vitro diagnostic (IVD) tools. Anesthesia care and diagnostic imaging devices aid in managing pediatric patient admissions and providing essential clinical information for health issues, check-ups, and vaccinations. These devices play a vital role in diagnosing conditions like abnormal mutations and inherited gene mutations, as well as infectious diseases such as asthma biomarkers, leukemia, measles, mumps, and tuberculosis. Diagnostic imaging technologies enable detailed examination of internal organs, identifying abnormalities and guiding treatment decisions for conditions like overweight, injuries, trauma, and chronic illnesses. Neonatal medical devices, including sticky leads, monitor vital signs like heart rate, saturation probe readings, and oxygen levels, ensuring comprehensive care for newborns.

Pediatric Medical Devices Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.84%

Market growth 2023-2027

USD 15.01 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.66

Regional analysis

North America, Asia, Europe, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Canada, Germany, China, and Japan

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Abbott Laboratories, Atom Medical Corp., Baxter International Inc., Boston Scientific Corp., Cardinal Health Inc., Dragerwerk AG and Co. KGaA, Fritz Stephan GmbH, General Electric Co., Hamilton Medical AG, Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic Plc, Ningbo David Medical Device Co. Ltd., Novonate Inc., Pega Medical Inc., Phoenix Medical Systems P Ltd., Siemens AG, Stryker Corp., and Trimpeks

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market forecast period

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global pediatric medical devices market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global pediatric medical devices market 2017 - 2021 ($ billion)
    • 4.2 End user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Hospitals - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hospitals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Hospitals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)
    • 6.4 Pediatric clinics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Pediatric clinics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Pediatric clinics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Pediatric clinics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Pediatric clinics - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 In vitro diagnostic devices - Market size and forecast 2022-2027
      • Exhibit 52: Chart on In vitro diagnostic devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on In vitro diagnostic devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on In vitro diagnostic devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on In vitro diagnostic devices - Year-over-year growth 2022-2027 (%)
    • 7.4 Cardiology devices - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Cardiology devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Cardiology devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Cardiology devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Cardiology devices - Year-over-year growth 2022-2027 (%)
    • 7.5 Anesthesia and respiratory care devices - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Anesthesia and respiratory care devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Anesthesia and respiratory care devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Anesthesia and respiratory care devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Anesthesia and respiratory care devices - Year-over-year growth 2022-2027 (%)
    • 7.6 Neonatal ICU devices - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Neonatal ICU devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Neonatal ICU devices - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Neonatal ICU devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Neonatal ICU devices - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 72: Market opportunity by Product ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Asia - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 123: 3M Co. - Overview
              • Exhibit 124: 3M Co. - Business segments
              • Exhibit 125: 3M Co. - Key news
              • Exhibit 126: 3M Co. - Key offerings
              • Exhibit 127: 3M Co. - Segment focus
            • 12.4 Abbott Laboratories
              • Exhibit 128: Abbott Laboratories - Overview
              • Exhibit 129: Abbott Laboratories - Business segments
              • Exhibit 130: Abbott Laboratories - Key news
              • Exhibit 131: Abbott Laboratories - Key offerings
              • Exhibit 132: Abbott Laboratories - Segment focus
            • 12.5 Atom Medical Corp.
              • Exhibit 133: Atom Medical Corp. - Overview
              • Exhibit 134: Atom Medical Corp. - Product / Service
              • Exhibit 135: Atom Medical Corp. - Key offerings
            • 12.6 Baxter International Inc.
              • Exhibit 136: Baxter International Inc. - Overview
              • Exhibit 137: Baxter International Inc. - Business segments
              • Exhibit 138: Baxter International Inc. - Key news
              • Exhibit 139: Baxter International Inc. - Key offerings
              • Exhibit 140: Baxter International Inc. - Segment focus
            • 12.7 Boston Scientific Corp.
              • Exhibit 141: Boston Scientific Corp. - Overview
              • Exhibit 142: Boston Scientific Corp. - Business segments
              • Exhibit 143: Boston Scientific Corp. - Key news
              • Exhibit 144: Boston Scientific Corp. - Key offerings
              • Exhibit 145: Boston Scientific Corp. - Segment focus
            • 12.8 Cardinal Health Inc.
              • Exhibit 146: Cardinal Health Inc. - Overview
              • Exhibit 147: Cardinal Health Inc. - Business segments
              • Exhibit 148: Cardinal Health Inc. - Key news
              • Exhibit 149: Cardinal Health Inc. - Key offerings
              • Exhibit 150: Cardinal Health Inc. - Segment focus
            • 12.9 Dragerwerk AG and Co. KGaA
              • Exhibit 151: Dragerwerk AG and Co. KGaA - Overview
              • Exhibit 152: Dragerwerk AG and Co. KGaA - Business segments
              • Exhibit 153: Dragerwerk AG and Co. KGaA - Key offerings
              • Exhibit 154: Dragerwerk AG and Co. KGaA - Segment focus
            • 12.10 Fritz Stephan GmbH
              • Exhibit 155: Fritz Stephan GmbH - Overview
              • Exhibit 156: Fritz Stephan GmbH - Product / Service
              • Exhibit 157: Fritz Stephan GmbH - Key offerings
            • 12.11 General Electric Co.
              • Exhibit 158: General Electric Co. - Overview
              • Exhibit 159: General Electric Co. - Business segments
              • Exhibit 160: General Electric Co. - Key news
              • Exhibit 161: General Electric Co. - Key offerings
              • Exhibit 162: General Electric Co. - Segment focus
            • 12.12 Hamilton Medical AG
              • Exhibit 163: Hamilton Medical AG - Overview
              • Exhibit 164: Hamilton Medical AG - Product / Service
              • Exhibit 165: Hamilton Medical AG - Key offerings
            • 12.13 Johnson and Johnson Services Inc.
              • Exhibit 166: Johnson and Johnson Services Inc. - Overview
              • Exhibit 167: Johnson and Johnson Services Inc. - Business segments
              • Exhibit 168: Johnson and Johnson Services Inc. - Key news
              • Exhibit 169: Johnson and Johnson Services Inc. - Key offerings
              • Exhibit 170: Johnson and Johnson Services Inc. - Segment focus
            • 12.14 Koninklijke Philips NV
              • Exhibit 171: Koninklijke Philips NV - Overview
              • Exhibit 172: Koninklijke Philips NV - Business segments
              • Exhibit 173: Koninklijke Philips NV - Key news
              • Exhibit 174: Koninklijke Philips NV - Key offerings
              • Exhibit 175: Koninklijke Philips NV - Segment focus
            • 12.15 Medtronic Plc
              • Exhibit 176: Medtronic Plc - Overview
              • Exhibit 177: Medtronic Plc - Business segments
              • Exhibit 178: Medtronic Plc - Key news
              • Exhibit 179: Medtronic Plc - Key offerings
              • Exhibit 180: Medtronic Plc - Segment focus
            • 12.16 Ningbo David Medical Device Co. Ltd.
              • Exhibit 181: Ningbo David Medical Device Co. Ltd. - Overview
              • Exhibit 182: Ningbo David Medical Device Co. Ltd. - Product / Service
              • Exhibit 183: Ningbo David Medical Device Co. Ltd. - Key offerings
            • 12.17 Siemens AG
              • Exhibit 184: Siemens AG - Overview
              • Exhibit 185: Siemens AG - Business segments
              • Exhibit 186: Siemens AG - Key news
              • Exhibit 187: Siemens AG - Key offerings
              • Exhibit 188: Siemens AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              pediatric medical devices market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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