By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America pediatric medical devices market was accounted for the largest market share in 2022, due to presence of key players, high prevalence of pediatric chronic diseases in the region, established healthcare infrastructure, and launch of new products.
In addition, according to a study released in October 2021 by the Centers for Disease Control and Prevention (CDC), more than 40% of school-aged children and teenagers in the United States have at least one chronic health condition, such as asthma, obesity, other physical diseases, and behavior/learning problems. Therefore, pediatric medical devices are created in order to offer better care, which will have a big effect on the market.
Further, the major countries studied are The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3 PEDIATRIC MEDICAL DEVICES MARKET BY REGION 2023 & 2032
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe pediatric medical devices market accounted for the second-largest market share in 2022. This is due to the increasing demand for medical devices, growing research, and development in the field of medical technology, rising numbers of hospitals that are dedicated pediatric facilities.in the region. Additionally, a sizable patient base with low birth weight and an uptick in preterm deliveries are expected to drive market expansion in Europe.
Furthermore, the Germany pediatric medical devices market was attributed to hold the largest market share, and the UK pediatric medical devices market is estimated to be the fastest growing market in the Europe region. Furthermore, growing parental awareness programs and increase in investment in research and development activities is driving the France pediatric medical devices market.
The Asia-Pacific pediatric medical devices market is expected to grow at a significant share from 2024 to 2032. This is due to increasing initiatives by private and government agencies, rising awareness programs for newborn care, and increasing birth rates in the Asia-Pacific region. Moreover, China pediatric medical devices market attributed to hold the largest market share in 2022 and is estimated to be the fastest growing market in the Asia-Pacific region.
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