The North America Pediatric Medical Devices Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
The FDA is dedicated to promoting the creation and accessibility of reliable pediatric medical equipment. It has launched several initiatives, containing projects like combining known data regarding device effects in many other populations to establish pediatric indications, hence increasing the variety of medical devices having labeling for pediatric patients.
Certain standard objectives laid out by FDA for pediatric health includes surveying situations when there is a plausible chance that kids will utilize the equipment under consideration, hiring advisory panels, and safeguarding kids who take part in clinical experiments. The FDA also cooperates with the Institute of Medicine and conducts post-market surveillance to gauge the efficiency of pediatric medical device. It also gathers information on children's unmet medical device needs and the challenges facing the creation of novel pediatric devices.
Manufacturers present in the region have increased their R&D to offer numerous innovative products. Efficient product's introduction in will also benefit the market. For example, the Harmony Transcatheter Pulmonary Valve (TPV) System was given approval by the U.S. Food and Drug Administration to treat pediatric patients with a surgically repaired or native right ventricular outflow tract (RVOT). Patients with serious pulmonary valve regurgitation, characterized by blood leaking into the heart's lower right chamber, are the target audience for the device. This ailment is commonly brought on by congenital cardiac dysfunction. Additionally, the supportive measures proposed by the governments and a significant rise in research collaborations will aid in the industry's expansion. The region is anticipated to expand in the future as a result of favorable healthcare legislation, a sizable patient population, as well as a mature healthcare sector.
The US market dominated the North America Pediatric Medical Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,393.3 million by 2028. The Canada market is poised to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Pediatric Medical Devices Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Pediatric Medical Devices Market, by Product
1.4.2 North America Pediatric Medical Devices Market, by End User
1.4.3 North America Pediatric Medical Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Pediatric Devices Market
Chapter 4. North America Pediatric Medical Devices Market by Product
4.1 North America In Vitro Diagnostic (IVD) Devices Market by Country
4.2 North America Anesthesia & Respiratory Care Devices Market by Country
4.3 North America Cardiology Devices Market by Country
4.4 North America Diagnostic Imaging Devices Market by Country
4.5 North America Neonatal ICU Devices Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Pediatric Medical Devices Market by End User
5.1 North America Hospitals Market by Country
5.2 North America Clinics Market by Country
5.3 North America Ambulatory Surgery Centers Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Pediatric Medical Devices Market by Country
6.1 US Pediatric Medical Devices Market
6.1.1 US Pediatric Medical Devices Market by Product
6.1.2 US Pediatric Medical Devices Market by End User
6.2 Canada Pediatric Medical Devices Market
6.2.1 Canada Pediatric Medical Devices Market by Product
6.2.2 Canada Pediatric Medical Devices Market by End User
6.3 Mexico Pediatric Medical Devices Market
6.3.1 Mexico Pediatric Medical Devices Market by Product
6.3.2 Mexico Pediatric Medical Devices Market by End User
6.4 Rest of North America Pediatric Medical Devices Market
6.4.1 Rest of North America Pediatric Medical Devices Market by Product
6.4.2 Rest of North America Pediatric Medical Devices Market by End User
Chapter 7. Company Profiles
7.1 Medtronic PLC
7.1.1 Company overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and developments:
7.1.5.1 Approvals and Trials:
7.1.5.2 Product launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Abbott Laboratories
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Approvals and Trials:
7.2.6 SWOT Analysis
7.3 Cardinal Health, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent Strategies and Developments:
7.3.4.1 Partnerships, Collaborations & Agreements:
7.4 GE HealthCare Technologies, Inc.
7.4.1 Company Overview
7.5 Hamilton Medical AG (Hamilton Bonaduz AG)
7.5.1 Company Overview
7.6 TSE spol. s r.o. (TSE Medical)
7.6.1 Company Overview
7.7 Fritz Stephan GmbH
7.7.1 Company Overview
7.8 Phoenix Medical Systems Pvt. Ltd.
7.8.1 Company Overview
7.9 Trimpeks
7.9.1 Company Overview
7.10. Atom Medical Corporation
7.10.1 Company Overview
TABLE 1 North America Pediatric Medical Devices Market, 2018 - 2021, USD Million
TABLE 2 North America Pediatric Medical Devices Market, 2022 - 2028, USD Million
TABLE 3 North America Pediatric Medical Devices Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Pediatric Medical Devices Market by Product, 2022 - 2028, USD Million
TABLE 5 North America In Vitro Diagnostic (IVD) Devices Market by Country, 2018 - 2021, USD Million
TABLE 6 North America In Vitro Diagnostic (IVD) Devices Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Anesthesia & Respiratory Care Devices Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Anesthesia & Respiratory Care Devices Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Cardiology Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Cardiology Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Diagnostic Imaging Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Diagnostic Imaging Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Neonatal ICU Devices Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Neonatal ICU Devices Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Pediatric Medical Devices Market by End User, 2018 - 2021, USD Million
TABLE 18 North America Pediatric Medical Devices Market by End User, 2022 - 2028, USD Million
TABLE 19 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Clinics Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Clinics Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Ambulatory Surgery Centers Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Ambulatory Surgery Centers Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Pediatric Medical Devices Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Pediatric Medical Devices Market by Country, 2022 - 2028, USD Million
TABLE 29 US Pediatric Medical Devices Market, 2018 - 2021, USD Million
TABLE 30 US Pediatric Medical Devices Market, 2022 - 2028, USD Million
TABLE 31 US Pediatric Medical Devices Market by Product, 2018 - 2021, USD Million
TABLE 32 US Pediatric Medical Devices Market by Product, 2022 - 2028, USD Million
TABLE 33 US Pediatric Medical Devices Market by End User, 2018 - 2021, USD Million
TABLE 34 US Pediatric Medical Devices Market by End User, 2022 - 2028, USD Million
TABLE 35 Canada Pediatric Medical Devices Market, 2018 - 2021, USD Million
TABLE 36 Canada Pediatric Medical Devices Market, 2022 - 2028, USD Million
TABLE 37 Canada Pediatric Medical Devices Market by Product, 2018 - 2021, USD Million
TABLE 38 Canada Pediatric Medical Devices Market by Product, 2022 - 2028, USD Million
TABLE 39 Canada Pediatric Medical Devices Market by End User, 2018 - 2021, USD Million
TABLE 40 Canada Pediatric Medical Devices Market by End User, 2022 - 2028, USD Million
TABLE 41 Mexico Pediatric Medical Devices Market, 2018 - 2021, USD Million
TABLE 42 Mexico Pediatric Medical Devices Market, 2022 - 2028, USD Million
TABLE 43 Mexico Pediatric Medical Devices Market by Product, 2018 - 2021, USD Million
TABLE 44 Mexico Pediatric Medical Devices Market by Product, 2022 - 2028, USD Million
TABLE 45 Mexico Pediatric Medical Devices Market by End User, 2018 - 2021, USD Million
TABLE 46 Mexico Pediatric Medical Devices Market by End User, 2022 - 2028, USD Million
TABLE 47 Rest of North America Pediatric Medical Devices Market, 2018 - 2021, USD Million
TABLE 48 Rest of North America Pediatric Medical Devices Market, 2022 - 2028, USD Million
TABLE 49 Rest of North America Pediatric Medical Devices Market by Product, 2018 - 2021, USD Million
TABLE 50 Rest of North America Pediatric Medical Devices Market by Product, 2022 - 2028, USD Million
TABLE 51 Rest of North America Pediatric Medical Devices Market by End User, 2018 - 2021, USD Million
TABLE 52 Rest of North America Pediatric Medical Devices Market by End User, 2022 - 2028, USD Million
TABLE 53 Key Information – Medtronic PLC
TABLE 54 Key Information – Abbott Laboratories
TABLE 55 key information – Cardinal Health, Inc.
TABLE 56 Key Information – GE HealthCare Technologies, Inc.
TABLE 57 Key Information – Hamilton Medical AG
TABLE 58 Key Information – TSE spol. s r.o.
TABLE 59 Key Information – Fritz Stephan GmbH
TABLE 60 Key Information – Phoenix Medical Systems Pvt Ltd
TABLE 61 Key Information – Trimpeks
TABLE 62 Key Information – Atom Medical Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Medtronic Plc
FIG 3 Swot analysis: Medtronic plc
FIG 4 Swot analysis: Abbott laboratories