Market Research Future (MRFR) in its recently published study report asserts that the already booming market of Middle East and Africa Pediatric Healthcare is expected to gain prominence over the forecast period. The market is forecasted to reach US$ 63.6 Billion by the end of 2023, growing at a CAGR of 4.1% during 2017-2023.
Pune, India -- (SBWIRE) -- 06/14/2018 -- Pediatrics is a branch of medicine which deals with diagnosis and treatment of diseases related to pediatric group. It can be classified into the four categories namely neonates (from birth till the first 28 days of life), infants (29 days to 2 years), children (2 years to 12 years) and adolescents (12 years to 18 years). Pediatrician is a medical professional who specializes in providing treating the pediatric group. Pediatric medical devices are devices used for the treatment and care of infants and children below 18 years having some healthcare issues.
Demand for pediatric medical devices is increasing due to high incidence of chronic illnesses among children, high premature birth rate, increasing birth defects among new born, and rising awareness regarding disease conditions among children. Malnutrition among children prevalent in under developed parts of the world is also a major driver of this market. Global Pediatric medical device market is expected to grow at a CAGR of 10.5% during forecast period 2017 to 2023.
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Technological advancement and government initiatives to improve healthcare sector are driving the growth for pediatric healthcare in Middle East and Africa. Market for pediatric healthcare in Middle East and Africa was about US$ 48 billion in 2016 and expected to reach US$ 63.6 billion by 2023 at CAGR of 4.1%.
Middle East & Africa Pediatric Healthcare Market – Key Developments
Hoffmann-La Roche AG:
June, 2017: F. Hoffmann-La Roche AG acquired mySugr to form a leading platform for digital diabetes management
August, 2015: F. Hoffmann-La Roche AG acquired GeneWEAVE to strengthen offerings in microbiology diagnostics. Roche will pay GeneWEAVE shareholders USD 190 million upfront and up to USD 235 million in contingent product related milestones
February 2015 : F. Hoffmann-La Roche AG announced the collaboration with BioMed X for the development of Nanomaterial-Based Biosensors for Near-Patient Testing
September 2014: F. Hoffmann-La Roche AG launched Elecsys anti-Müllerian Hormone (AMH) fertility test for assessment of ovarian reserve for pregnancy
October, 2016: Medtronic plc received an approval for its suite of cardiac rhythm and heart failure devices and leads to be scanned in both 3 and 1.5 Tesla (T) magnetic resonance imaging (MRI) machines. This FDA approval will help the company to strengthen its position in MRI machines segment.
December, 2015: Medtronic plc and Samsung came together in an alliance to accelerate the development of digital health solutions for the millions of people suffering from chronic pain, movement disorders, incontinence, and other conditions who could benefit from neuromodulation therapy.
October, 2016: Abbott announced collaborations with Celgene and Agios for diagnostic identification of IDH mutations. The agreement focuses on the development and commercialize the diagnostic tests.
April, 2016: Abbott received FDA approval for its companion diagnostics "Vysis CLL FISH probe kit" in Leukemia. The kit is used to detect the 17p deletion in chronic lymphocytic leukemia patients, the target population of a new drug from AbbVie.
September, 2016: Siemens launched the combination of the Modularis urological shock wave unit and the flat detector technology of the mobile C-arm Cios Fusion. Since, constantly switching between two or even three different control units would be complicated and could lead to errors, the Modularis' central control unit is a better option. This will help Siemens to strengthen its position in the market.
Middle East & Africa Pediatric Healthcare Market – Key Players
Key players in the Pediatric Healthcare Market are F. Hoffmann-La Roche AG (Germany), Medtronic Plc. (U.S.), Bayer AG (Germany), Abbott (U.S.), I-SENS, Inc. (South Korea), Siemens (U.S.) and others. The main focus of these players is tapping the market in developing regions across the globe. Also product differentiation plays an important role for sustaining the growth of key players in the market.
Middle East & Africa Pediatric Healthcare Market - Segments
Middle East and Africa Pediatric healthcare Market has been segmented on the basis of type of diseases which comprise Short term diseases, chronic diseases, and others. On the basis of Therapeutics which comprise cardiology, allergy and immunology, gastroenterology, infectious disease, and others. On the basis of treatment it segmented into medication, surgery, and others
Middle East & Africa Pediatric Healthcare Market - Regional Analysis
Healthcare system in the Middle East & Africa has exhibited tremendously growth from last few years. In the Middle East, the market is expected to grow at a fastest rate owing to the development of healthcare system as well as rising important of diagnosis and treatment of diseases. Furthermore, increasing support by the government authorities for development of novel therapies also influences the growth of the market. In the Middle East & Africa, United Arab Emirates is the largest market for pediatric healthcare market. In Africa, there is tremendous demand for pediatric medical devices owing to an increasing health problems among the infants and children. There is wide scope of the growth of pediatric medical devices and nutritional products in number of under developed countries in African region. Number of government organization are engaged in the evaluation of healthcare conditions in Africa as well as healthcare firms undertake products such as healthcare camps for women and children in this.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
List of Tables
Table 1 Middle-East and Africa Pediatric Healthcare Market by Type Of Disease
Table 2 Middle-East and Africa Pediatric Healthcare Market by Theraputics
Table 3 Middle-East and Africa Pediatric Healthcare Market by Treatment
Table 4 Middle-East and Africa Pediatric Healthcare Market by Region
List of figures
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 Middle-East And Africa Pediatric Healthcare Market By Type Of Disease
Figure 4 Middle-East And Africa Pediatric Healthcare Market By Therapeutics
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