What is the current market size and future outlook for the pediatric medical devices market?
The pediatric medical devices market size has grown strongly in recent years. It will grow from $33.84 billion in 2024 to $36.69 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing awareness, growing investments in infrastructure, population growth, government initiatives, and insurance expansion.
The pediatric medical devices market size is expected to see strong growth in the next few years. It will grow to $50.19 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to value-based care models, advancements in manufacturing processes, personalized solutions, focus on home-based care, and collaborative innovation. Major trends in the forecast period include remote monitoring solutions, pediatric telemedicine services, wearable health devices for children, pediatric robotics in surgery, and the integration of AI in pediatric healthcare.
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How have varous drivers impacted the growth of the pediatric medical devices market?
The growing demand for minimally invasive pediatric surgical procedures is expected to propel the growth of the pediatric medical devices market going forward. Minimally invasive pediatric surgical procedures involve using small incisions or natural body openings, along with specialized instruments and imaging technology, to diagnose, treat, or manage pediatric health conditions with less trauma and quicker recovery compared to traditional open surgeries. The rising demand for minimally invasive pediatric surgical procedures is fueled by advancements in technology, enabling safer and more precise interventions with reduced post-operative complications. Pediatric medical devices are utilized in minimally invasive surgical procedures to facilitate precise access, visualization, and manipulation of pediatric anatomy through small incisions, aiding in the safe and effective treatment of pediatric conditions with minimal trauma to surrounding tissues. For instance, in March 2023, according to Washington University in St. Louis, a US-based private university, the number of operating room cases for minimally invasive surgery increased from 2,208 in 2021 to 2,400 in 2022, reflecting a growth of 192 cases over the span of a year. Therefore, the growing demand for minimally invasive pediatric surgical procedures is driving the growth of the pediatric medical devices market.
What are the primary segments of the pediatric medical devices market?
The pediatric medical devices market covered in this report is segmented –
1) By Product: Cardiology Devices, In Vitro Diagnostic (IVD) Devices, Diagnostic Imaging Devices, Anesthesia And Respiratory Care Devices, Neonatal Intensive Care Unit (ICU) Devices, Other Products
2) By Age Group: Infants, Children, Adolescents
3) By End-User: Hospitals, Diagnostic Laboratories, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Cardiology Devices: Pediatric ECG Machines, Pediatric Defibrillators, Pediatric Pacemakers, Pediatric Stethoscopes
2) By In Vitro Diagnostic (IVD) Devices: Blood Glucose Monitoring Devices, Point-Of-Care Testing Devices, Molecular Diagnostic Devices, Immunoassay Analyzers
3) By Diagnostic Imaging Devices: Pediatric Ultrasound Machines, Pediatric X-Ray Machines, Pediatric MRI Machines, Pediatric CT Scanners
4) By Anesthesia And Respiratory Care Devices: Pediatric Ventilators, Pediatric Anesthesia Machines, CPAP Devices For Pediatrics, Oxygen Concentrators For Pediatrics
5) By Neonatal Intensive Care Unit (ICU) Devices: Neonatal Incubators, Neonatal Ventilators, Neonatal Monitoring Devices, Phototherapy Devices
6) By Other Products: Pediatric Surgical Instruments, Pediatric Infusion Pumps, Pediatric Monitoring Devices, Pediatric Rehabilitation Devices
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Which firms are leading the pediatric medical devices market?
Major companies operating in the pediatric medical devices market are Cardinal Health Inc., Johnson & Johnson, Siemens AG, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., Becton Dickinson and Company, Strykar Healthcare, GE HealthCare Technologies, Baxter International Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Smith & Nephew plc, Hamilton Medical, Ningbo David Medical Device Co. Ltd., Phoenix Medical Systems Pvt Ltd., Fritz Stephan GmbH, Trimpeks, Atom Medical Corporation, Elektro-Mag, Novonate Inc.
How will industry trends affect the trajectory of the pediatric medical devices market?
Major companies operating in the pediatric medical devices market are developing orthopedic implants to address the unique healthcare needs of pediatric patients, ranging from musculoskeletal conditions to congenital abnormalities. Orthopedic implants are medical devices used to replace or support damaged or missing bone or joint structures in the musculoskeletal system. For instance, in March 2024, OrthoPediatrics Corporation, a US-based medical device company, launched the RESPONSE Rib and Pelvic Fixation system, tailored for pediatric patients with Early Onset Scoliosis (EOS). This comprehensive system comprises implants, instruments, and connecting devices, providing surgeons with a versatile solution for rib and pelvic fixation, including options for patients at risk of Thoracic Insufficiency Syndrome. With features such as a range of implant options, low-profile designs, and locking mechanisms, this system enhances precision and flexibility in treating EOS cases.
Which geographic trends are shaping the pediatric medical devices market, and which region has the highest market share?
North America was the largest region in the pediatric medical devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Pediatric Medical Devices Market Report 2025 Offer?
The pediatric medical devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Pediatric medical devices are specialized healthcare products designed and tailored specifically for infants, children, and adolescents, addressing their unique anatomical, physiological, and developmental needs to diagnose, treat, monitor, or manage various pediatric conditions and diseases. These devices are tailored to meet the unique physiological and developmental needs of pediatric patients, ensuring their safety, efficacy, and comfort.
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