According to FutureWise analysis the market for Pediatric Medical Devices in 2023 is US$ 30.68 billion, and is expected to reach US$ 56.87 billion by 2031 at a CAGR of 8.00%.
Devices for diagnosing and treating diseases and conditions in children and adolescents are called pediatric medical devices. Infants, children, and adolescents are the subject of pediatrics, a branch of medicine that deals with their health and well-being. As children are smaller and more active than adults, they are made specifically for their bodies and functions. Among the major factors driving the growth of the pediatric medical devices market is the rise in childhood diseases and infections such as diphtheria, leukemia, measles, mumps, anemia, asthma, chickenpox, tuberculosis, whooping cough, Lyme disease, and pneumonia. Pediatric medical devices market growth is fueled by the increasing demand for cardiology devices, neonatal intensive care unit (NICU) devices, and monitoring devices as well as increased government investments in research and development programs to develop the healthcare infrastructure in the pediatric field. The market for pediatric medical devices is further impacted by the increasing demand for anesthesia and respiratory devices as a result of their effectiveness in treating diseases such as asthma and the prevalence of preterm births worldwide.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Pediatric Medical Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Pediatric Medical Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.