The global pediatric medical devices market size reached USD 41.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 79.4 Billion by 2033
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IMARC Group’s report titled “Pediatric Medical Devices Market Report by Product (IVD Devices, Cardiology Devices, Anesthesia and Respiratory Care Devices, Neonatal ICU Devices, Monitoring Devices, Diagnostic Imaging Devices, Telemedicine, and Others), End User (Hospitals, Diagnostic Laboratories, Pediatric Clinics, and Others), and Region 2025-2033”. The global pediatric medical devices market size reached USD 41.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 79.4 Billion by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033.
Factors Affecting the Growth of the Pediatric Medical Devices Industry:
● Increasing Prevalence of Pediatric Diseases:
The rapidly increasing global incidence of childhood diseases like heart ailments, asthma, diabetes and neurological disorders are driving the market forward. As the instances of these conditions rise, there is a higher demand for medical equipment particular to children’s use. Furthermore, congenital heart diseases need more developed surgical instruments and more specialized prostheses than the general ones due to the different anatomical sizes of children. Fully 75% of asthma patients are children, which means that new inhalers and nebulizers should be child appropriate. Furthermore, the growing incidence of diabetes mellitus in children is mounting the need to have devices such as insulin pump and glucose monitoring systems that are child-friendly.
● Advancements in Medical Technology:
Ant-New development has a critical impact in the determination of the market growth. Advancements in technologies or even general aspect of miniaturization, biocompatibility of materials used for the devices, and noninvasive diagnosis tools are profoundly transforming this important branch of medicine. Besides this, the advancement in the technology of manufacturing new instruments of a considerably smaller size as compared to earlier instruments has opened a new era in MI where recovery time is less and success rates of operations have been higher for the patients belonging to pediatric category. So when implants and devices are incorporated from biocompatible materials, their effectiveness is higher and safe for use in children. In addition, modality is improving the diagnosis and prognosis of pediatric illnesses, including computed tomography (CT), MRI and ultrasound examinations.
● Government Initiatives and Funding:
They also found out that governmental sponsorship and financial aid are helpful to the market expansion. Thus, increasing numbers of governments and regulatory authorities, and there are organizations around the world that understand the need for specialized PMDs and have made attempts to create more targeted policies and programs. Such measures may be in the form of monetary rewards, a simple approval process for products, clinical trial funding for children. This support not only fosters new development in the sector but also guarantees the safety, effectiveness and right size of the medical devices used by pediatric patients.
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Leading Companies Operating in the Global Pediatric Medical Devices Industry:
Abbott Laboratories
Atom Medical Corporation
Baxter International Inc.
Cardinal Health Inc.
Fritz Stephan GmbH
General Electric Company
Hamilton Medical (Hamilton Company)
Koninklijke Philips N.V.
Medtronic plc
Siemens AG
Stryker Corporation.
Pediatric Medical Devices Market Report Segmentation:
By Product:
IVD Devices
Cardiology Devices
Anesthesia and Respiratory Care Devices
Neonatal ICU Devices
Monitoring Devices
Diagnostic Imaging Devices
Telemedicine
Others
Cardiology devices represent the largest segment due to the high prevalence of congenital heart defects and other cardiovascular conditions among children, necessitating specialized cardiology devices for diagnosis and treatment.
By End User:
Hospitals
Diagnostic Laboratories
Pediatric Clinics
Others
Hospitals account for the majority of the market share because they provide comprehensive and advanced pediatric care, requiring a wide range of medical devices for various treatments and procedures.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America’s dominance in the pediatric medical devices market is attributed to its well-established medical infrastructure, high healthcare expenditure, and significant investments in pediatric healthcare technologies.
Global Pediatric Medical Devices Market Trends:
Higher global healthcare spend, especially in emerging economies, is emergent forces that are making the market grow. This paper finds that as countries continue to invest heavily in the healthcare sector many are directing their attention towards paediatric care. Both the governments and private healthcare sector have started concentrating efforts on the improvement of children’s healthcare systems, which includes acquisition of better technologies in the form of pediatric equipment.
This trend is especially identifiable in emerging markets where upgrading healthcare infrastructure is fulfilling hitherto unfulfilled needs of pediatric population. Better financing for health care allows hospitals and clinics to have access to new technologies in the diagnosis, treatment, and management of childhood illnesses. Also, with increased healthcare spend across the world, there is need and thus development of pediatric medical devices.
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