South America Pediatric Medical Devices Market Key Companies and SWOT Analysis by 2028
South 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)
- Status : Published
- Report Code : TIPRE00025887
- Category : Life Sciences
- No. of Pages : 92
- Available Report Formats :
- Last update date : November 14, 2021
2021 Market Size
US$ 1,634.08 Mn
Base year value
2028 Forecast
US$ 2,632.01 Mn
Projected by 2028
CAGR 2022-2028
7.0 %
Growth rate
Addressable Market
US$ 15,131.26 Mn
(2022-2028)
The pediatric medical devices market in SAM is expected to grow from US$ 1,634.08 million in 2021 to US$ 2,632.01 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.
Pediatric medical devices present in wide range is the major factor driving the growth of the SAM pediatric medical devices market. Pediatric care is comparatively different from that for adult patients. The medical devices used are based on essential technologies and principles. In the SAM pediatric medical devices markets larger number of medical devices manufacturers offer a more comprehensive range of devices and services related to the products. The international players have established a strong network of products sales and post-sales services. The SAM market leaders such as Koninklijke Philips N.V., Siemens AG, GENERAL ELECTRIC, and other companies associated with medical devices related business have set business units, manufacturing plants and sales & services offices in international locations. The presence of such business units facilitates the customers and the patients in the regions, thereby garnering brand loyalty. The SAM players are also adopting online platforms to sell their products to hospitals and directly to the patients. Thus, doorstep services help in better customer care and support in acquiring market in remote locations due to advanced logistics systems and extended distributions network of the companies and associated partners. Moreover, the rising awareness about at-home medical devices and the adoption of remote patient care services are expected to support the market in the forecast period.
The outbreak of COVID–19 has stringently affected medical services in SAM. Brazil, Argentina, Uruguay, Chile, Peru, and Colombia were severely affected by the second wave of COVID-19 outbreak. Amongst which Brazil registered the highest number of deaths. Pediatric imaging and other associated treatments were stopped temporarily.It is anticipated that the region will likely force a second lockdown, which will ultimately hamper the healthcare industry in the area.
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 SAM pediatric medical devices market. The SAM pediatric medical devices market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Pediatric Medical Devices Market Segmentation
SAM Pediatric Medical Devices Market – By Product
- In Vitro Diagnostic (IVD) Devices
- Cardiology Devices
- Respiratory Care Devices
- Monitoring Devices
- Neonatal ICU Devices
- Others
SAM Pediatric Medical Devices Market – By End User
- Hospitals
- Pediatric Clinics
- Others
SAM Pediatric Medical Devices Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Pediatric Medical Devices Market - Companies Mentioned
- Atom Medical Corp.
- General Electric Company
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
South America Pediatric Medical Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,634.08 Million |
| Market Size by 2028 | US$ 2,632.01 Million |
| CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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