Albany, NY -- (SBWire) -- 09/14/2018 --Increasing application of pediatric medical devices for healthcare services, particularly in emerging economies remains the primary driving influence for the pediatric medical devices market. A significant rise in deaths among the pediatric patient population owing to infectious diseases is another factor contributing to demand for pediatric medical devices. Revenues from worldwide sales of pediatric medical devices were estimated at US$ 21,000 Mn in 2017, and are projected to record an impressive 8.0% CAGR through 2026.These insights have been taken from the report titled "Pediatric Medical Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
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The demand for pediatric medical devices are expected to rise in emerging economies of the Asia Pacific, Middle East, Africa and Latin America regions owing to increased government support for cost-effective medical infrastructure for the younger populations. Rising incidences of asthma, mental disorders, diabetes and increasing awareness about such conditions is also giving market players large opportunities to grow.
North America, continues to control major market share of the pediatric medical devices market, owing to increase in cancer and respiratory diseases among children, and related purchases of portable home care devices. However, the Asia Pacific region is expected to show the largest rate of growth owing to untapped opportunities in healthcare infrastructure, awareness about medical procedures in the region.
Pediatric Medical Devices Market: Report Summary
The report delivers regional as well as global analysis & forecast on the pediatric medical devices market, in terms of value (US$ Mn) with the relevant CAGR, for the period of forecast 2018 to 2026. Vital dynamics, such as social, political, and economic factors that impact development and demand for pediatric medical devices have been closely studied in this report.
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A detailed view of the key market players of the pediatric medical devices industry has been offered in the report, with details such as overview of the company, financials, recent events, business strategies, and the portfolio of products, which helps in making the readers understand the competitive scenario among major as well as new market players.
Pediatric Medical Devices Market: Research Methodology
Extensive primary and secondary research has been used, for extracting relevant insights on the pediatric medical devices market. This includes in-depth face-to-face discussions and telephonic interviews with key industry experts and opinion leaders to gain useful insight into factors such as market trends, market size, competitive scenario, and growth rates. Primary research forms the major part of the research efforts, which has been supported with thorough secondary research.
Leading and emerging market players in the pediatric medical devices market have been assessed, and sources such as press releases, annual reports, and other relevant documents and databases have been studied for analysis on the market's landscape. The research approach and methodologies employed here has been tested and proven to be very accurate and effective to gain meaningful insights on the market data, understanding factors affecting market players and finding previously untapped business opportunities.
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Global Pediatric Medical Devices Market Key Insights and Booming Factor Supporting Growth Till 2026
The global pediatric medical devices market was valued at US$ 21,000 Mn in 2017 and is projected to expand at a CAGR of 8.0% from 2018 to 2026.