North America Pediatric Medical Devices Market 2022-2031 by Product (IVD, Cardiology, Anesthetic & Respiratory Care, Neonatal ICU, Monitoring, Diagnostic Imaging, Telemedicine, Others), Age Group (Neonates, Infants, Children, Adolescents), Setting (Hospitals, Diagnostic Laboratories, Pediatric Clinics, ASCs, Others), and Country: Trend Forecast and Growth Opportunity
- Report ID: 43059
- Date: Aug, 2022
- Pages: 90
- Category: Healthcare & Pharmaceuticals
North America pediatric medical devices market is projected to grow by 7.5% annually in the forecast period and reach $27,447.7 million by 2031, driven by the rising incidence of chronic disorders among children due to unhealthy habits and a rising obese pediatric population, the availability of a wide range of pediatric medical devices, initiatives by governments and favorable reimbursement scenario, and emerging innovative products due to technological advancements.
Highlighted with 20 tables and 39 figures, this 90-page report “North America Pediatric Medical Devices Market 2022-2031 by Product (IVD, Cardiology, Anesthetic & Respiratory Care, Neonatal ICU, Monitoring, Diagnostic Imaging, Telemedicine, Others), Age Group (Neonates, Infants, Children, Adolescents), Setting (Hospitals, Diagnostic Laboratories, Pediatric Clinics, ASCs, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America pediatric medical devices market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2022 and provides forecast from 2022 till 2031 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America pediatric medical devices market in every aspect of the classification from perspectives of Product, Age Group, Setting, and Country.
Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• IVD Devices
• Cardiology Devices
• Anesthetic and Respiratory Care Devices
• Neonatal ICU Devices
• Monitoring Devices
• Diagnostic Imaging Devices
• Telemedicine
• Other Products
Based on Age Group, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Neonates
• Infants
• Children
• Adolescents
By Setting, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
% of overall revenue by Setting
• Hospitals
• Diagnostic Laboratories
• Pediatric Clinics
• Ambulatory Surgical Centers (ASCs)
• Other Settings
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2031. The breakdown of national markets by Product, Age Group and Setting over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Atom Medical Corporation
Baxter International, Inc.
Elektro-Mag
Fritz Stephan GmbH
GE Healthcare (GE Company)
Hamilton Medical
Koninklijke Philips N.V.
Medtronic Plc
Ningbo David Medical Device Company Ltd.
Novonate Inc.
Phoenix Medical Systems Pvt Ltd.
Stryker Corporation
Trimpeks
TSE Medical
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 27
2.4 Emerging Opportunities and Market Trends 30
2.5 Porter’s Fiver Forces Analysis 34
3 Segmentation of North America Market by Product 38
3.1 Market Overview by Product 38
3.2 IVD Devices 40
3.3 Cardiology Devices 41
3.4 Anesthetic and Respiratory Care Devices 42
3.5 Neonatal ICU Devices 43
3.6 Monitoring Devices 44
3.7 Diagnostic Imaging Devices 45
3.8 Telemedicine 46
3.9 Other Products 47
4 Segmentation of North America Market by Age Group 48
4.1 Market Overview by Age Group 48
4.2 Neonates 50
4.3 Infants 51
4.4 Children 52
4.5 Adolescents 53
5 Segmentation of North America Market by Setting 54
5.1 Market Overview by Setting 54
5.2 Hospitals 56
5.3 Diagnostic Laboratories 57
5.4 Pediatric Clinics 58
5.5 Ambulatory Surgical Centers (ASCs) 59
5.6 Other Settings 60
6 North America Market 2021-2031 by Country 61
6.1 Overview of North America Market 61
6.2 U.S. 64
6.3 Canada 67
6.4 Mexico 69
7 Competitive Landscape 71
7.1 Overview of Key Vendors 71
7.2 New Product Launch, Partnership, Investment, and M&A 74
7.3 Company Profiles 75
Atom Medical Corporation 75
Baxter International, Inc. 77
Elektro-Mag 78
Fritz Stephan GmbH 79
GE Healthcare (GE Company) 80
Hamilton Medical 81
Koninklijke Philips N.V. 82
Medtronic Plc 83
Ningbo David Medical Device Company Ltd. 84
Novonate Inc. 85
Phoenix Medical Systems Pvt Ltd. 86
Stryker Corporation 87
Trimpeks 88
TSE Medical 89
RELATED REPORTS 90
List of Tables
Table 1. Snapshot of North America Pediatric Medical Devices Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Health Spending by Region, $ bn, 2013-2020 26
Table 4. Main Product Trends and Market Opportunities in North America Pediatric Medical Devices Market 30
Table 5. North America Pediatric Medical Devices Market by Product, 2021-2031, $ mn 38
Table 6. North America Pediatric Medical Devices Market by Age Group, 2021-2031, $ mn 48
Table 7. North America Pediatric Medical Devices Market by Setting, 2021-2031, $ mn 54
Table 8. North America Pediatric Medical Devices Market by Country, 2021-2031, $ mn 62
Table 9. U.S. Pediatric Medical Devices Market by Product, 2021-2031, $ mn 66
Table 10. U.S. Pediatric Medical Devices Market by Age Group, 2021-2031, $ mn 66
Table 11. U.S. Pediatric Medical Devices Market by Setting, 2021-2031, $ mn 66
Table 12. Canada Pediatric Medical Devices Market by Product, 2021-2031, $ mn 68
Table 13. Canada Pediatric Medical Devices Market by Age Group, 2021-2031, $ mn 68
Table 14. Canada Pediatric Medical Devices Market by Setting, 2021-2031, $ mn 68
Table 15. Mexico Pediatric Medical Devices Market by Product, 2021-2031, $ mn 70
Table 16. Mexico Pediatric Medical Devices Market by Age Group, 2021-2031, $ mn 70
Table 17. Mexico Pediatric Medical Devices Market by Setting, 2021-2031, $ mn 70
Table 18. Atom Medical Corporation: Company Snapshot 75
Table 19. Atom Medical Corporation: Business Segmentation 76
Table 20. Atom Medical Corporation: Product Portfolio 76
List of Figures
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. North America Pediatric Medical Devices Market, 2021-2031, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Pediatric Medical Devices Market 22
Figure 7. Worldwide Population by Group, 2020, million and % 25
Figure 8. Primary Restraints and Impact Factors of North America Pediatric Medical Devices Market 27
Figure 9. Investment Opportunity Analysis 31
Figure 10. Porter’s Fiver Forces Analysis of North America Pediatric Medical Devices Market 34
Figure 11. Breakdown of North America Pediatric Medical Devices Market by Product, 2021-2031, % of Revenue 39
Figure 12. North America Addressable Market Cap in 2022-2031 by Product, Value ($ mn) and Share (%) 39
Figure 13. North America Pediatric Medical Devices Market by Product: IVD Devices, 2021-2031, $ mn 40
Figure 14. North America Pediatric Medical Devices Market by Product: Cardiology Devices, 2021-2031, $ mn 41
Figure 15. North America Pediatric Medical Devices Market by Product: Anesthetic and Respiratory Care Devices, 2021-2031, $ mn 42
Figure 16. North America Pediatric Medical Devices Market by Product: Neonatal ICU Devices, 2021-2031, $ mn 43
Figure 17. North America Pediatric Medical Devices Market by Product: Monitoring Devices, 2021-2031, $ mn 44
Figure 18. North America Pediatric Medical Devices Market by Product: Diagnostic Imaging Devices, 2021-2031, $ mn 45
Figure 19. North America Pediatric Medical Devices Market by Product: Telemedicine, 2021-2031, $ mn 46
Figure 20. North America Pediatric Medical Devices Market by Product: Other Products, 2021-2031, $ mn 47
Figure 21. Breakdown of North America Pediatric Medical Devices Market by Age Group, 2021-2031, % of Sales Revenue 49
Figure 22. North America Addressable Market Cap in 2022-2031 by Age Group, Value ($ mn) and Share (%) 49
Figure 23. North America Pediatric Medical Devices Market by Age Group: Neonates, 2021-2031, $ mn 50
Figure 24. North America Pediatric Medical Devices Market by Age Group: Infants, 2021-2031, $ mn 51
Figure 25. North America Pediatric Medical Devices Market by Age Group: Children, 2021-2031, $ mn 52
Figure 26. North America Pediatric Medical Devices Market by Age Group: Adolescents, 2021-2031, $ mn 53
Figure 27. Breakdown of North America Pediatric Medical Devices Market by Setting, 2021-2031, % of Sales Revenue 55
Figure 28. North America Addressable Market Cap in 2022-2031 by Setting, Value ($ mn) and Share (%) 55
Figure 29. North America Pediatric Medical Devices Market by Setting: Hospitals, 2021-2031, $ mn 56
Figure 30. North America Pediatric Medical Devices Market by Setting: Diagnostic Laboratories, 2021-2031, $ mn 57
Figure 31. North America Pediatric Medical Devices Market by Setting: Pediatric Clinics, 2021-2031, $ mn 58
Figure 32. North America Pediatric Medical Devices Market by Setting: Ambulatory Surgical Centers (ASCs), 2021-2031, $ mn 59
Figure 33. North America Pediatric Medical Devices Market by Setting: Other Settings, 2021-2031, $ mn 60
Figure 34. Breakdown of North America Pediatric Medical Devices Market by Country, 2021 and 2031, % of Revenue 62
Figure 35. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 63
Figure 36. U.S. Pediatric Medical Devices Market, 2021-2031, $ mn 65
Figure 37. Canada Pediatric Medical Devices Market, 2021-2031, $ mn 67
Figure 38. Pediatric Medical Devices Market in Mexico, 2021-2031, $ mn 69
Figure 39. Growth Stage of North America Pediatric Medical Devices Industry over the Forecast Period 71
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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