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North America Pediatric Medical Devices Market

2021

North America Pediatric Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product [In Vitro Diagnostic (IVD) Devices, Cardiology Devices, Respiratory Care Devices, Monitoring Devices, Neonatal ICU Devices, and Others] and End User (Hospitals, Pediatric Clinics, and Others)

Publication Month: Oct 2021 | Report Code: TIPRE00025185 | No. of Pages: 104 | Category: Medical Device | Status: Published

Market Insights

North America Pediatric Medical Devices Market to Grow at a CAGR of 8.1% to reach US$ 18,786.55 million from 2021 to 2028

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The pediatric medical devices market in North America is expected to grow from US$ 10,872.43 million in 2021 to US$ 18,786.55 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.


The US, Canada, and Mexico are major economies in North America. Growing cases of cancer and respiratory disorders among children is the major factor driving the growth of the North America pediatric medical devices market. The increasing prevalence of cancer among children is expected to augment the demand for the pediatric medical devices associated with the market across the world. The cancer-causing factors among children are abnormal mutation, genetic predisposition, inherited versus acquired gene mutations, lifestyle and environment associated factors, and others. As per the American Cancer Society published data in January 2021, it is estimated that 10,500 children in the US below the age of 15 in 2021 have cancer. Moreover, the rising prevalence of respiratory diseases and disorders is expected to drive the North America market for pediatric medical devices. Different types of medical devices are used during the treatment and monitoring of pediatric patients. Compared to adults, children's body structure and position need to be managed and maintained during various procedures such as MRI scans, X-ray imaging, blood sampling procedures, and others. For instance, the rising prevalence of respiratory diseases such as the COVI19 among children is expected to create the need for monitoring devices such as pulse oximeters, critical care devices, ventilators, warmers and others. As per the American Academy of Pediatrics, about 4.3 million children tested positive for COVID-19 in August 2021 in the US. Thus, the rising prevalence of such diseases is driving the market during the forecast period. Another critical factor supporting the growth of this market are increase in the rates of premature births.

The impacts of COVID-19 are being felt across several markets, including the pediatric medical devices market in North America.Although the healthcare sector had witnessed SARS, H1N1, and other outbreaks in the last few years, the severity of the COVID-19 has made the situation more complicated due to its mode of transmission. North America has been witnessing a growing number of COVID-19 cases since its outbreak. Several measures are being taken to contain the disease and prevent the transmission; however, the exorbitant number of COVID-19 cases have resulted in cancellation of doctor's appointment, causing treatments and doctors/surgeons meeting cancellations. The pediatric patients suffering from critical surgeries such as neurosurgery, spinal surgery, and ENT surgery require physical awareness and need to implement procedures in the clinics. A recent study issued by the Radiological Society of North America in September 2020 stated that the COVID-19 pandemic significantly impacted pediatric radiology departments globally. More than 90% of study respondents indicate that medical devices practices have undergone a moderate, effective, or complete change in COVID-19.Pediatrics and term infants with medical disorders requiring prolonged hospitalization are prone to hospital-acquired (nosocomial) infection; thus, the adoption of in baby care facilities has been adversely affected in the wake of COVID-19 outbreak. Moreover, the outbreak has resulted in a high unemployment rate in the region, in turn, hampering disposable incomes, and consequently the benefits of health insurance. Therefore, the financial crisis among the masses in North America is projected to hamper the growth of the pediatric medical devices market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America pediatric medical devices market. The North America pediatric medical devices market is expected to grow at a good CAGR during the forecast period.

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North America Pediatric Medical Devices Market Segmentation

North America Pediatric Medical Devices Market – By Product

  • In Vitro Diagnostic (IVD) Devices
  • Cardiology Devices
  • Respiratory Care Devices
  • Monitoring Devices
  • Neonatal ICU Devices
  • Others

North America Pediatric Medical Devices Market – By End User

  • Hospitals
  • Pediatric Clinics
  • Others

North America Pediatric Medical Devices Market, by Country

  • US
  • Canada
  • Mexico

North America Pediatric Medical Devices Market - Companies Mentioned

  • Atom Medical Corp.
  • F. Hoffmann-La Roche Ltd.
  • General Electric Company
  • Hamilton Medical
  • Johnson And Johnson Services, Inc.
  • Koninklijke Philips N.V.
  • Medtronic
  • Siemens AG

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Pediatric Medical Devices Market – By Product

1.3.2 North America Pediatric Medical Devices Market – By End User

1.3.3 North America Pediatric Medical Devices Market– By Country

2. North America Pediatric Medical Devices Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Pediatric Medical Devices Market– Market Landscape

4.1 Overview

4.2 North America PEST Analysis

5. North America Pediatric Medical Devices Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Cases of Cancer and Respiratory Disorders among Children

5.1.2 Wide Range of Pediatric Medical Devices Available

5.2 Market Restraints

5.2.1 Limited Knowledge about Medical Devices Designed for Infants

5.3 Future Trends

5.3.1 Non-Stop Demand for Point-of-Care Products

5.4 Impact Analysis

6. Pediatric Medical Devices Market – North America Analysis

6.1 North America Pediatric Medical Devices Market Revenue Forecast and Analysis

7. North America Pediatric Medical Devices Market Analysis – By Product

7.1 Overview

7.2 North America Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)

7.3 Respiratory Care

7.3.1 Overview

7.3.2 Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Cardiology Devices

7.4.1 Overview

7.4.2 Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

7.5 In Vitro Diagnostic (IVD)

7.5.1 Overview

7.5.2 In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Monitoring Devices

7.6.1 Overview

7.6.2 Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Neonatal ICU Devices

7.7.1 Overview

7.7.2 Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Pediatric Medical Devices Market Analysis – By End User

8.1 Overview

8.2 North America Pediatric Medical Devices Market Share, by End User, 2021 and 2028, (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Pediatric Clinics

8.4.1 Overview

8.4.2 Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Pediatric Medical Devices Market –Country Analysis

9.1 North America: Pediatric Medical Devices Market

9.1.1 Overview

9.1.2 North America: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)

9.1.2.1 US: Pediatric Medical Devices Market– Revenue and Forecast to 2028 (USD Million)

9.1.2.1.1 US: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 US: Pediatric Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.2.1.3 US: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)

9.1.2.2 Canada: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.1 Canada: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2 Canada: Pediatric Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.2.2.3 Canada: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)

9.1.2.3 Mexico: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.1 Mexico: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2 Mexico: Pediatric Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.2.3.3 Mexico: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)

10. Impact Of COVID-19 Pandemic on North America Pediatric Medical Devices Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. Pediatric Medical Devices Market – Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 F. HOFFMANN-LA ROCHE LTD.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 GENERAL ELECTRIC

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Atom Medical Corp.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Koninklijke Philips N.V.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Siemens AG

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Medtronic

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Hamilton Medical

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Novonate, Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. US Pediatric Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2. US Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 3. Canada Pediatric Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 4. Canada Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5. Mexico Pediatric Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 6. Mexico Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 7. Organic Developments Done by Companies

Table 8. Inorganic Developments Done by Companies

Table 9. Glossary of Terms, Pediatric MRI Market

LIST OF FIGURES

Figure 1. North America Pediatric Medical Devices Market Segmentation

Figure 2. North America Pediatric Medical Devices Segmentation, By Country

Figure 3. North America Pediatric Medical Devices Market Overview

Figure 4. In Vitro Diagnostic Devices Held the Largest Share of the Product Segment in North America Pediatric Medical Devices Market

Figure 5. US to Show Significant Growth During Forecast Period

Figure 7. Expert Opinion

Figure 8. North America PEST Analysis

Figure 9. North America Pediatric Medical Devices Market: Impact Analysis of Drivers and Restraints

Figure 10. North America Pediatric Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028

Figure 11. North America Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)

Figure 12. North America Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. North America Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. North America Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Pediatric Medical Devices Market Share, by End User, 2021 and 2028 (%)

Figure 19. North America Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. North America Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. North America Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. North America: Pediatric Medical Devices Market, by Key Country – Revenue (2021) (USD Million)

Figure 23. North America: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)

Figure 24. US: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 25. Canada: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 26. Mexico: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 27. Impact of COVID-19 Pandemic in North American Country Markets

Figure 28. Growth Strategies Done by the Companies in the Market, (%)

  1. Atom Medical Corp.
  2. F. Hoffmann-La Roche Ltd.
  3. General Electric Company
  4. Hamilton Medical
  5. Johnson And Johnson Services, Inc.
  6. Koninklijke Philips N.V.
  7. Medtronic
  8. Siemens AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America pediatric medical devices market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America pediatric medical devices market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the pediatric medical devices market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00025185
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