Asia-Pacific Pediatric Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product [In Vitro Diagnostic (IVD) Devices, Cardiology Devices, Respiratory Care Devices, Monitoring Devices, Neonatal ICU Devices, and Others] and End User (Hospitals, Pediatric Clinics, and Others)
Market Introduction
The pediatric medical devices market in APAC has been segmented into China, India, Japan, Australia, South Korea, and rest of APAC. The market in this region is registering impeccable growth with major sales witnessed in Japan, South Korea, and China. Moreover, metropolitan cities with increasing level of pollution giving birth to various cardiovascular, neurological and other diseases among the children have been major contributors to the majority of the sales registered by the region. Higher disposable income, increasing number of R&D activities, innovative technology and products, and increasing number of medical devices increasing chronic diseases, in this region has created favorable business environment for pediatric medical devices market in APAC.
The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 180 countries, including China, prompting the WHO to declare the disease a global pandemic. The supply chain disruptions, along with the massive demand for efficient treatments for the therapy of COVID-19, have put the healthcare research industry in a crucial situation in APAC. Prohibitive measures have been taken to control the spread of the virus. The COVID-19 pandemic has broadly affected the economies in APAC. Countries such as India, China, Japan, South Korea were adversely affected by the pandemic. The socioeconomic factors were severely affected, rising in negative inflation, GDPs, and a surge in unemployment in the region toward medical devices. The pandemic has affected three main aspects of the global economy: production, supply chain, and firms and financial markets. Japan, China, South Korea, India, and Australia are the most affected countries due to the increasing number of COVID-19 cases and the associated deaths. Manufacturers and suppliers of medical devices have shifted their focus from regular pediatric medical devices to developing and supplying COVID-19 essentials and medical devices used for respiratory issues. This scenario has negatively impacted the pediatric medical devices market. The pandemic has affected business operations of various key players operating in this region. Furthermore, business strategies such as acquisitions, mergers, and partnerships are adversely affected by the imposition of complete lockdown. Such obstructions in business activities are projected to hamper the adoption of various technologically advanced healthcare systems, including medical devices.
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Market Overview and Dynamics
The pediatric medical devices market in APAC is expected to grow from US$ 6,308.79 million in 2021 to US$ 11,230.82 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The increasing prevalence of cancer among children is expected to augment the demand for the pediatric medical devices associated with the market across the world. The cancer-causing factors among children are abnormal mutation, genetic predisposition, inherited versus acquired gene mutations, lifestyle and environment associated factors, and others.
Moreover, the rising prevalence of respiratory diseases and disorders is expected to drive the APAC market for pediatric medical devices. Different types of medical devices are used during the treatment and monitoring of pediatric patients. Compared to adults, children's body structure and position need to be managed and maintained during various procedures such as MRI scans, X-ray imaging, blood sampling procedures, and others. For instance, the rising prevalence of respiratory diseases such as the COVI19 among children is expected to create the need for monitoring devices such as pulse oximeters, critical care devices, ventilators, warmers, and others. Thus, the rising prevalence of such diseases is driving the market during the forecast period. Another critical factor supporting the growth of this market are increase in the rates of premature births.
Key Market Segments
APAC pediatric medical devices market is segmented into product, end user, and country. The pediatric medical devices market, by product, is segmented into in vitro diagnostic (IVD), cardiology devices, respiratory care, monitoring devices, neonatal ICU devices, and others. The in vitro diagnostic segment is likely to hold the largest share of the market in 2021. 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. Based on country, the APAC pediatric medical devices market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the pediatric medical devices market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Atom Medical Corp.; F. Hoffmann-La Roche Ltd.; General Electric Company; Hamilton Medical; Koninklijke Philips N.V.; Medtronic; and Siemens AG.
Reasons to buy report
- To understand the APAC pediatric medical devices market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC pediatric medical devices market.
- Efficiently plan M&A and partnership deals in APAC pediatric medical devices market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC pediatric medical devices market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Pediatric Medical Devices Market Segmentation
APAC Pediatric medical devices Market - By Product
- In Vitro Diagnostic (IVD) Devices
- Cardiology Devices
- Respiratory Care Devices
- Monitoring Devices
- Neonatal ICU Devices
- Others
APAC Pediatric Medical Devices Market - By End User
- Hospitals
- Pediatric Clinics
- Others
APAC Pediatric Medical Devices Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Pediatric Medical Devices Market - Company Profiles
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Pediatric Medical Devices Market – By Product
1.3.2 APAC Pediatric Medical Devices Market – By End User
1.3.3 APAC Pediatric Medical Devices Market– By Country
2. APAC Pediatric Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Pediatric Medical Devices Market– Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
5. APAC Pediatric Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Cases of Cancer and Respiratory Disorders Among Kids
5.1.2 Huge Variety of Pediatric Medical Devices are Present
5.2 Market Restraints
5.2.1 Limited Knowledge of Medical Devices Designed for Infants
5.3 Market Opportunities
5.3.1 Developing Countries Having High Growth Potential
5.4 Future Trends
5.4.1 Point-of-Care Products Witnessing High Demand
5.5 Impact Analysis
6. Pediatric Medical Devices Market – APAC Analysis
6.1 APAC Pediatric Medical Devices Market Revenue Forecast and Analysis
7. APAC Pediatric Medical Devices Market Analysis – By Product
7.1 Overview
7.2 APAC Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)
7.3 Respiratory Care
7.3.1 Overview
7.3.2 Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cardiology Devices
7.4.1 Overview
7.4.2 Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.5 In Vitro Diagnostic (IVD)
7.5.1 Overview
7.5.2 In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Monitoring Devices
7.6.1 Overview
7.6.2 Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Neonatal ICU Devices
7.7.1 Overview
7.7.2 Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Pediatric Medical Devices Market Analysis – By End User
8.1 Overview
8.2 APAC Pediatric Medical Devices Market Share, by End User, 2021 and 2028, (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Pediatric Clinics
8.4.1 Overview
8.4.2 Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Pediatric Medical Devices Market – Country Analysis
9.1 Overview
9.1.2 Asia Pacific: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)
9.1.2.1 China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 China: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.1.3 China: Pediatric Medical Devices Market, By End User, 2019–2028 (USD Million)
9.1.2.2 Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.2 Japan: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.2.3 Japan: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.3 India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.2 India: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.3.3 India: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.4 Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.2 Australia: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.4.3 Australia: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.5 South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.1 South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.5.2 South Korea: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.5.3 South Korea: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.6 Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.1 Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.6.2 Rest of Asia Pacific: Pediatric Medical Devices Market, By Product, 2019–2028 (USD Million)
9.1.2.6.3 Rest of Asia Pacific: Pediatric Medical Devices Market, by End User, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on APAC Pediatric Medical Devices Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Pediatric Medical Devices Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 F. HOFFMANN-LA ROCHE LTD.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GENERAL ELECTRIC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Atom Medical Corp.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Koninklijke Philips N.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Medtronic
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hamilton Medical
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 2. China: Pediatric Medical Devices Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Japan: Pediatric Medical Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 4. Japan: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. India: Pediatric Medical Devices Market, By Product– Revenue and Forecast to 2028 (USD Million)
Table 6. India: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Australia: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 8. Australia: Pediatric Medical Devices Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 9. South Korea: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 10. South Korea: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific: Pediatric Medical Devices Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific: Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, Pediatric MRI Market
LIST OF FIGURES
Figure 1. APAC Pediatric Medical Devices Market Segmentation
Figure 2. APAC Pediatric Medical Devices Segmentation, By Country
Figure 3. APAC Pediatric Medical Devices Market Overview
Figure 4. In Vitro Diagnostic Devices Held the Largest Share of the Product Segment in APAC Pediatric Medical Devices Market
Figure 5. India to Show Significant Growth During Forecast Period
Figure 7. Expert Opinion
Figure 8. APAC PEST Analysis
Figure 9. APAC Pediatric Medical Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Pediatric Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. APAC Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)
Figure 12. APAC Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Pediatric Medical Devices Market Share, by End User, 2021 and 2028 (%)
Figure 19. APAC Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific: Pediatric Medical Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 23. Asia Pacific: Pediatric Medical Devices Market, by Country, 2021 & 2028 (%)
Figure 24. China: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Japan: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. India: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Australia: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. South Korea: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. Rest of Asia Pacific: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC pediatric medical devices market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC pediatric medical devices market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the pediatric medical devices market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution