The pediatric medical devices market in APAC is expected to grow from US$ 6,308.79 million in 2021 to US$ 11,230.82 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.
Point-of-care products witnessing high demand is the major factor driving the growth of the APAC pediatric medical devices market. The healthcare system is continuously evolving due to rising product innovation and developments, creating opportunities for the APAC pediatric medical devices market. The patient care systems are developing to facilitate various medical procedures. The rise in diseases and disorders among children is among the key role to play in increasing investment of the APAC and domestic players. The trend for pediatric medical devices is likely to grow dramatically in the future, owing to the increasing number of market players offering products. Moreover, introduction of innovative products, revolutionary technology, and successful events created opportunities for the companies to continue producing pediatric medical devices. In addition, the increasing trend for the use of point-of-care devices in hospitals and at-home care is expected to benefit the market. Thus, companies manufacturing the products are likely to add value to their customers and attract more customer base. Therefore, considering these factors, are likely to propel the market's growth during the forecast period.
The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 180 countries, including China, prompting the WHO to declare the disease a global pandemic. The supply chain disruptions, along with the massive demand for efficient treatments for the therapy of COVID-19, have put the healthcare research industry in a crucial situation in APAC. Prohibitive measures have been taken to control the spread of the virus. The COVID-19 pandemic has broadly affected the economies in APAC. Countries such as India, China, Japan, South Korea were adversely affected by the pandemic. The socioeconomic factors were severely affected, rising in negative inflation, GDPs, and a surge in unemployment in the region toward medical devices. The pandemic has affected three main aspects of the global economy: production, supply chain, and firms and financial markets. Japan, China, South Korea, India, and Australia are the most affected countries due to the increasing number of COVID-19 cases and the associated deaths. Manufacturers and suppliers of medical devices have shifted their focus from regular pediatric medical devices to developing and supplying COVID-19 essentials and medical devices used for respiratory issues. This scenario has negatively impacted the pediatric medical devices market. The pandemic has affected business operations of various key players operating in this region. Furthermore, business strategies such as acquisitions, mergers, and partnerships are adversely affected by the imposition of complete lockdown. Such obstructions in business activities are projected to hamper the adoption of various technologically advanced healthcare systems, including medical devices.
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 APAC pediatric medical devices market. The APAC pediatric medical devices market is expected to grow at a good CAGR during the forecast period.
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APAC Pediatric Medical Devices Market Segmentation
APAC Pediatric Medical Devices Market – By Product
- In Vitro Diagnostic (IVD) Devices
- Cardiology Devices
- Respiratory Care Devices
- Monitoring Devices
- Neonatal ICU Devices
- Others
APAC Pediatric Medical Devices Market – By End User
- Hospitals
- Pediatric Clinics
- Others
APAC Pediatric Medical Devices Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Pediatric Medical Devices Market - Companies Mentioned
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Pediatric Medical Devices Market – By Product
1.3.2 APAC Pediatric Medical Devices Market – By End User
1.3.3 APAC Pediatric Medical Devices Market– By Country
2. APAC Pediatric Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Pediatric Medical Devices Market– Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
5. APAC Pediatric Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Cases of Cancer and Respiratory Disorders Among Kids
5.1.2 Huge Variety of Pediatric Medical Devices are Present
5.2 Market Restraints
5.2.1 Limited Knowledge of Medical Devices Designed for Infants
5.3 Market Opportunities
5.3.1 Developing Countries Having High Growth Potential
5.4 Future Trends
5.4.1 Point-of-Care Products Witnessing High Demand
5.5 Impact Analysis
6. Pediatric Medical Devices Market – APAC Analysis
6.1 APAC Pediatric Medical Devices Market Revenue Forecast and Analysis
7. APAC Pediatric Medical Devices Market Analysis – By Product
7.1 Overview
7.2 APAC 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. APAC Pediatric Medical Devices Market Analysis – By End User
8.1 Overview
8.2 APAC 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. APAC Pediatric Medical Devices Market – Country Analysis
9.1 Overview
9.1.2 Asia Pacific: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)
9.1.2.1 China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 China: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.1.3 China: Pediatric Medical Devices Market, By End User, 2019–2028 (USD Million)
9.1.2.2 Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 Japan: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.2.3 Japan: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.3 India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 India: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.3.3 India: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.4 Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2 Australia: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.4.3 Australia: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.5 South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.1 South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2 South Korea: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.5.3 South Korea: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.6 Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.1 Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.2 Rest of Asia Pacific: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.6.3 Rest of Asia Pacific: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on APAC Pediatric Medical Devices Market
10.1 APAC: 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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 2. China: Pediatric Medical Devices Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Japan: Pediatric Medical Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 4. Japan: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. India: Pediatric Medical Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 6. India: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Australia: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 8. Australia: Pediatric Medical Devices Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 9. South Korea: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, Pediatric MRI Market
LIST OF FIGURES
Figure 1. APAC Pediatric Medical Devices Market Segmentation
Figure 2. APAC Pediatric Medical Devices Segmentation, By Country
Figure 3. APAC Pediatric Medical Devices Market Overview
Figure 4. In Vitro Diagnostic Devices Held the Largest Share of the Product Segment in APAC Pediatric Medical Devices Market
Figure 5. India to Show Significant Growth During Forecast Period
Figure 7. Expert Opinion
Figure 8. APAC PEST Analysis
Figure 9. APAC Pediatric Medical Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Pediatric Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. APAC Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)
Figure 12. APAC Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Pediatric Medical Devices Market Share, by End User, 2021 and 2028 (%)
Figure 19. APAC Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific: Pediatric Medical Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 23. Asia Pacific: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)
Figure 24. China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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