Abbott (U.S), General Electric Company (U.S), Johnson & Johnson Private Limited (U.S), Medtronic (Ireland), Siemens AG (Germany), Koninklijke Philips N.V. (Netherland), Novamed (U.S), Phoenix Medical Systems USA (U.S), Phoenix Medical Systems (P) Ltd. (India), Pega Medical (U.S) are some of the prominent players at the forefront of competition in the Global Pediatric Medical Device Market and are profiled in MRFR Analysis.
Global Pediatric Medical Device Market – Overview
Pediatric medical devices are medical devices utilized for the management and treatment of infants and children below 18 years with some health issues. Majority of these medical devices are specially designed and manufactured for infants and children, but in some cases these devices are used for adult also.
The Global Pediatric Medical Device Market is expected to grow at a CAGR of approximately 10.5% during the forecast period 2017-2023. The global pediatric medical devices market is growing immensely due to rising occurrence of disease among children, increasing child bearing age among women, high number of children with heart diseases, increasing growth in number of pediatric hospitals and clinics. Furthermore, initiatives by the government and regulatory organization are influencing the market growth.
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General Electric Company (GE) is an American multinational conglomerate corporation, incorporated in New York. This company operates in segments namely aviation, current, digital, energy connections, global research, healthcare, lighting, oil & gas, power, renewable energy & capital, and all these caters to all needs of financial services, medical devices, life sciences, pharmaceutical, automotive, software development and engineering industries.
Medtronic is a global healthcare solutions company, committed in improving lives of people through its medical technologies, services, and solutions. The union of Medtronic and Covidien demonstrates that thinks differently in solving problems to deliver better health. This company runs on principles of alleviate pain, restore health and extend life of patient. In October 2016, Medtronic got an approval for its suite of cardiac rhythm and heart failure devices, it leads to be scanned in both 3 and 1.5 Tesla (T) magnetic resonance imaging (MRI) machines.
Global Pediatric Medical Device Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global market of pediatric medical device appears to be highly competitive and fragmented. With well-established market in the North America and European region with major companies having their home in the regions and generating maximum market share. These companies have expanded their operating unit in various other emerging regions as well. Moreover the other small and medium scale players are generating revenue from local market.
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Medtronic is a one of the global healthcare solutions provider company, involved in improving lives of individuals through its medical technologies, services, and solutions. Medtronic in January 2015, announced the acquisition of Covidien. With this acquisition the company will enhance its medical device product. Covidient includes various pediatric medical device such as Pediatric Collection Devices, Pediatric Urology Accessories, Pediatric Latex Foley Catheters and various others. These product will further enhance the revenue for Medtronic.
Furthermore in October 2016, Medtronic is the first company to got an approval for its suite of cardiac rhythm and heart failure devices, it leads to be scanned in both 3 and 1.5 Tesla (T) magnetic resonance imaging (MRI) machines. This development provides patients with Medtronic implantable cardioverter-defibrillators (ICDs), SureScan MR-conditional pacemakers, and cardiac resynchronization therapy-defibrillators (CRT-Ds) and leads access to MRI scans on any part of the body.
- Report Prologue
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Pediatric Medical Device Market by Type
- Global Pediatric Medical Device Market by End User
- Global Pediatric Medical Device Market by Region
- Competitive Landscape
- Company Profile
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