The global pediatric medical device market was valued at USD 41.25 Billion in 2024, driven by advancements in technology and the rising regulatory approvals across the globe. The market is anticipated to grow at a CAGR of 5.77% during the forecast period of 2025-2034, with the values likely to reach USD 72.29 Billion by 2034.
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Historical Year
Forecast Year
The global pediatric medical device market is driven by the increasing prevalence of diseases like pneumonia, which claims over 700,000 children's lives annually. Thus, with the rising prevalence, the demand for innovative pediatric healthcare solutions is also growing steadily.
In February 2024, the Midwest Pediatric Device Consortium (MPDC) was launched to accelerate pediatric medical device innovation. This initiative, supported by a USD 6.95 million FDA grant, aims to enhance device development and improve care for children nationwide.
The robust efforts by prominent biopharmaceutical and biotechnology companies to expand their reach into new regions are likely to aid market growth in the coming years.
Pediatric medical devices are medical equipment specially designed for the diagnosis, treatment, and monitoring of medical conditions in infants, children, and adolescents. The devices are customized to meet the specific anatomical and physiological needs of each of these different age groups while providing optimal safety and efficacy. The pediatric global medical device market is witnessing growth due to advances in healthcare technology, a growing awareness about children's health, and the expansion of pediatric healthcare centers. The rising prevalence of pediatric diseases along with enhancements in pediatric care infrastructure by governments in developing regions are some of the key factors that are likely to influence the market dynamics in the forecast period.
Advancements in Technology and the Rising Regulatory Approvals to Boost Market Growth
Advancements in technology along with rising regulatory approvals of pediatric medical devices are some of the most vital growth drivers of the global pediatric medical device market. For example, an innovation that has emerged in the latest times is Theranica's Nerivio, a non-invasive, wear-at-home treatment for acute migraine attacks. In November 2024, the FDA approved Nerivio, a migraine device for patients aged 8 and older, demonstrating growing acceptance of advanced, safe, and effective medical devices to care for children. With increasing regulatory support and research into specialized pediatric devices, expansion in the market is fostered through further ease and safety in the treatment of young patients.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End User
Market Breakup by Region
Segmentation Based on Product to Witness Substantial Growth
Based on product, the market is segmented into cardiology devices, in vitro diagnostic devices, diagnostic imaging devices, anesthesia & respiratory care devices, neonatal ICU devices, and others. Neonatal ICU equipment is likely to hold a high market value owing to the rise in birth rates, the growing prevalence of preterm deliveries, and the increased demand for specialty care for newborns in neonatal intensive care units. This product segment carries substantial growth potential considering how vital early-life healthcare is for the patient population.
The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a significant market share due to its well-established healthcare infrastructure, high adoption of cutting-edge technologies, and strong regulatory support. Europe follows closely, with robust healthcare policies, significant investments in pediatric care, and increasing awareness about child health. Both regions show strong growth led by technological innovations and pediatric healthcare needs.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Medtronic was established in 1949 and headquartered in Dublin, Ireland. It is renowned for medical devices and pediatric solutions. Their primary products in the pediatric medical device market comprise the Affinity Pixie Oxygenation System, pediatric arterial filters, and pediatric Cannulae-All designed to support neonates, infants, or small children during cardiopulmonary procedures.
Siemens Healthineers was established in 1847 and has its headquarters in Erlangen, Germany. It is a leading company in the pediatric medical device market, delivering innovative molecular imaging solutions such as the Biograph PET/CT and Symbia SPECT/CT scanners. These designs address challenges such as speed, sensitivity, movement, and stress for high-quality imaging with minimum usage of radiation.
Philips is a global leader in pediatric medical devices in the global medical device market. The company was established in 1891, having headquarters in Amsterdam, Netherlands. Philips' innovative offerings include Ambient Experience and MR In-bore Connect, developed to give comfort and reduce the dependency on anesthetics to pediatric imaging patients.
Hamilton Medical is a Swiss-based company established in 1983, with its headquarters located in Bonaduz, Switzerland. The company mainly specializes in neonatal ventilation solutions. It is primarily known for its products, such as Hamilton-C6, Hamilton-T1, And Hamilton-G5 ventilators. Its ventilators target precision ventilation in neonates and pediatrics, with safety, lung protection, and customizable ventilation modes.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include GE Healthcare, Novonate Inc., TSE MEDICAL, Fritz Stephan GmbH, Atom Medical Corporation, and Phoenix Medical Systems Pvt Ltd.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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