Asia Pacific Pediatric Medical Devices Market Size, Share & Industry Trends Analysis Report By Product, By End User (Hospitals, Clinics, Ambulatory Surgery Centers and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Pediatric Medical Devices Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
In the pediatric care field, the range of issues for monitoring and evaluation is very broad, ranging from prevalent childhood diseases to injury prevention and promoting health and well-being. Children between the ages of one month and nine years cross various developmental thresholds. The attention has switched to health promotion and kid-development initiatives, as well as tackling chronic diseases, injuries, and disabilities as the infant and young child survival rates have increased.
The older youngster, between the ages of 5 and 9, who was previously disregarded, has also received more attention. For these kids, the risks of mortality and morbidity are more intricate. They are more susceptible to morbidity and death from accidents and non-communicable diseases than younger children. However, they can still contract common infectious diseases of childhood. The WHO promotes measures that can be used to compare children's health and development both within and between nations.
In India, 253 million teenagers are between the ages of 10 and 19. They are vulnerable to several preventable and treatable health issues and nutritional disorders. The Indian government is aware of the significance of influencing adolescents' health-seeking behavior. An important factor affecting India's general health, mortality, morbidity, and population growth is the health of this age group. As a result, governments of the region have expedited investments in building a robust pediatric care system. In the coming years, such efforts would increase the demand for pediatric medical devices and, therefore, will propel the growth of the market.
The China market dominated the Asia Pacific Pediatric Medical Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,143.7 million by 2028. The Japan market is experiencing a CAGR of 7% during (2022 - 2028). Additionally, The India market would witness a CAGR of 8.3% during (2022 - 2028).
Based on Product, the market is segmented into In Vitro Diagnostic (IVD) Devices, Anesthesia & Respiratory Care Devices, Cardiology Devices, Diagnostic Imaging Devices, Neonatal ICU Devices and Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgery Centers and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Pediatric Medical Devices Market is Projected to reach USD 42 Billion by 2028, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Cardinal Health, Inc., GE HealthCare Technologies, Inc., Hamilton Medical AG (Hamilton Bonaduz AG), TSE spol. s.r.o. (TSE Medical), Fritz Stephan GmbH, Phoenix Medical Systems Pvt. Ltd., Trimpeks, and Atom Medical Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product
- In Vitro Diagnostic (IVD) Devices
- Anesthesia & Respiratory Care Devices
- Cardiology Devices
- Diagnostic Imaging Devices
- Neonatal ICU Devices
- Others
By End User
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Abbott Laboratories
- Cardinal Health, Inc.
- GE HealthCare Technologies, Inc.
- Hamilton Medical AG (Hamilton Bonaduz AG)
- TSE spol. s.r.o. (TSE Medical)
- Fritz Stephan GmbH
- Phoenix Medical Systems Pvt. Ltd.
- Trimpeks
- Atom Medical Corporation
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Related Reports:
Global Pediatric Medical Devices Market Report 2022-2028
North America Pediatric Medical Devices Market Report 2022-2028