The Europe Pediatric Medical Devices Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
One of the defining features of pediatric medicine is the ability to communicate with children, especially those who are pre-verbal, either through their carers or parents or directly. The physical medical examination of children also calls for a flexible, occasionally inventive approach that is not typically required in normal adult practice. Family, societal, and economic variables, as well as the environment, greatly impact a child's health.
Although this has generally been understood, a significant portion of the past few years in public health and medicine was spent focusing on technological breakthroughs, with some notable accomplishments. Public health, however, is aware of various factors that affect health. As a result of technological advancements and the epidemiological transition in childhood illness, the pediatric practice has grown more and more specialized.
The market for pediatric medical devices is anticipated to rise strongly in Europe, owing to the region's growing awareness and the rising frequency of chronic disorders in children. For example, asthma is the most prevalent chronic illness affecting children and adolescents, with more than a million children now undergoing treatment, as stated by the Royal College of Paediatrics and Child Health, the UK's professional body for pediatricians. Additionally, it remains one of the most prominent reasons for young people and children in the UK to require emergency hospital admission. Hence, the attention given to pediatric care are boosting the growth of the market in this region.
The Germany market dominated the Europe Pediatric Medical Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,778.1 million by 2028. The UK market is estimated to grow a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would display a CAGR of 7.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Pediatric Medical Devices Market will Hit $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.
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