According to our new research study on “Pediatric Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End User,” the market is projected to reach US$ 48,305.21 million by 2028 from US$ 28,207.65 million in 2021; it is estimated to grow at a CAGR of 8.0% during 2021–2028. Noninvasive ventilation (NIV) has been in use for treating rest cluttered breathing, respiratory trouble, and respiratory disappointment in grown-ups for quite a long time, and it has been explored for use in pediatric patients in the last century. Sedation and respiratory gadgets find various applications, especially among pediatric patients, because of their adequacy in treating infections such as asthma. As per the World Health Organization (WHO), asthma is a persistent fiery sickness that influences a huge number of youngsters below the age of five. The greater part of the passing’s because of persistent fiery sicknesses happens fundamentally in non-industrial nations. Ascend in the predominance of respiratory sicknesses, expansion in the ubiquity of versatile gadgets, and inclination toward home medical care gadgets and administrations is likely to fuel the target market.

The pediatric medical devices market, by product, is segmented into in vitro diagnostic (IVD), cardiology devices, respiratory care, monitoring devices, neonatal ICU devices, others. The in vitro diagnostic (IVD segment is likely to hold the largest share of the market in 2021, and the respiratory care segment is anticipated to register the highest CAGR of 8.6% in the market during the forecast period.

Based on end user, the pediatric medical devices market is segmented into hospitals, pediatric clinics, and others. The hospitals segment is likely to hold the largest share of the market in 2021. Moreover, the pediatric clinics segment is estimated to register the highest CAGR of 8.5% in the market during the forecast period.

F. HOFFMANN-LA ROCHE LTD.; GENERAL ELECTRIC, Atom Medical Corp.; Koninklijke Philips N.V., Siemens AG; Medtronic; Hamilton Medical; Novonate, Inc.; TSE MEDICAL, and Fritz Stephan GmbH are among the major companies in the pediatric medical devices market.. The companies are adopting inorganic and organic growth strategies to expand their global footprints and product portfolio to meet the rising demands for the Pediatric Medical Devices. For instance, in December 2020, Medtronic plc announced the commercial launch of the Carpediem cardio-renal pediatric dialysis emergency machine in the US. Following a marketing authorization by the US Food and Drug Administration (FDA), granted earlier this year, the first Carpediem system in was successfully installed and is in use at Cincinnati Children's Hospital Medical Center in the country.

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