The pediatric medical devices market in Europe is expected to grow from US$ 8,253.86 million in 2021 to US$ 13,862.68 million by 2028; it is estimated to register a CAGR of 7.7% from 2021 to 2028.
France, Germany, Italy, Spain, and UK are major economies in Europe. Pediatric medical devices available in wide rage is the major factor driving the growth of the Europe 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 Europe 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 Europe market leaders such as Koninklijke Philips N.V., MEDTRONIC, 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 Europe 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 European market is severely hit due to the exponential increase in COVID-19 cases in the region. Many nations are now reporting more patients per day than during the first wave earlier this year. Lockdowns are being reintroduced in the UK, Spain, and Italy, and Ireland. Due to the second wave of COVID-19 crisis, the governments of many countries are heading toward mounting up testing capacity. The European countries were profoundly affected due to the COVID-19 pandemic. Countries such as Italy, Spain, and France have recorded the most significant number of positive cases and have registered the maximum number of deaths.The rising rate of COVID-19 cases has increased stress on the region's healthcare system, thereby propelling the demand for diagnostic tests in its healthcare system and supporting the expansion of the sector in this region. Moreover, regulatory bodies in the region are taking preventive measures such as shutting down business operations. In March 2020, the European Medicines Agency established a managing committee to deal with the impact of COVID-19 on the supply chain of medicines. Many studies revealed the clinical features of COVID-19 in adults and infants. Limited knowledge about characteristics, results, and intrauterine transmission potential in pediatric aged 28 days or less have chances to acquire COVID-19. Due to the fear of infection in babies, people are refraining from hospitals, gynecology clinics, and baby care centers for neonatal care. These measures are likely to hamper the overall manufacturing and marketing of pediatric medical devices, which will have an adverse impact on market growth.
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 Europe pediatric medical devices market. The Europe pediatric medical devices market is expected to grow at a good CAGR during the forecast period.
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Europe Pediatric Medical Devices Market Segmentation
Europe Pediatric Medical Devices Market – By Product
- In Vitro Diagnostic (IVD) Devices
- Cardiology Devices
- Respiratory Care Devices
- Monitoring Devices
- Neonatal ICU Devices
- Others
Europe Pediatric Medical Devices Market – By End User
- Hospitals
- Pediatric Clinics
- Others
Europe Pediatric Medical Devices Market, by Country
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Europe Pediatric Medical Devices Market - Companies Mentioned
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- Fritz Stephan GmbH
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
- TSE MEDICAL
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 Europe Pediatric Medical Devices Market – By Product
1.3.2 Europe Pediatric Medical Devices Market – By End User
1.3.3 Europe Pediatric Medical Devices Market– By Country
2. Europe Pediatric Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Pediatric Medical Devices Market– Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
5. Europe Pediatric Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Children's Cancer and Respiratory Disorders are on the Rise
5.1.2 Pediatric Medical Devices Available in Wide Range
5.2 Market Restraints
5.2.1 Inadequate Knowledge of Medical Devices Designed for Infants
5.3 Future Trends
5.3.1 High Ongoing Need for Point-of-Care Products
5.4 Impact Analysis
6. Pediatric Medical Devices Market – Europe Analysis
6.1 Europe Pediatric Medical Devices Market Revenue Forecast and Analysis
7. Europe Pediatric Medical Devices Market Analysis – By Product
7.1 Overview
7.2 Europe 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. Europe Pediatric Medical Devices Market Analysis – By End User
8.1 Overview
8.2 Europe 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. Europe Pediatric Medical Devices Market – Country Analysis
9.1 Overview
9.1.1 Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Country (%)
9.1.1.1 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.1.1 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.1.2 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.1.3 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.2 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.2.1 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.2.2 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.2.3 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.3 France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.3.1 France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.3.2 France Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.3.3 France Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.4 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.4.1 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.4.2 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.4.3 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.5 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.5.1 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.5.2 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.5.3 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.6 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.6.1 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.6.2 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.6.3 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10. Europe Impact Of COVID-19 Pandemic on Pediatric Medical Devices Market
10.1 Europe: 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 TSE MEDICAL
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
12.9 Fritz Stephan GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 2. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 3. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 4. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 5. France Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 6. France Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 7. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 8. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 9. Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 10. Spain Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 11. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 12. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
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. Europe Pediatric Medical Devices Market Segmentation
Figure 2. Europe Pediatric Medical Devices Segmentation, By Country
Figure 3. Europe Pediatric Medical Devices Market Overview
Figure 4. In Vitro Diagnostic Devices Held the Largest Share of the Product Segment in Europe Pediatric Medical Devices Market
Figure 5. France to Show Significant Growth During Forecast Period
Figure 7. Expert Opinion
Figure 8. Europe PEST Analysis
Figure 9. Europe Pediatric Medical Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Pediatric Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. Europe Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)
Figure 12. Europe Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Pediatric Medical Devices Market Share, by End User, 2021 and 2028 (%)
Figure 19. Europe Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Pediatric Medical Devices Market Revenue Overview, by Country, 2021 (US$ MN)
Figure 23. Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Country (%)
Figure 24. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic in European Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- Fritz Stephan GmbH
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
- TSE MEDICAL
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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