Europe 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
Europe is the second-largest market for pediatric medical devices in the world owing to increasing demand for medical devices, growing research, and development in the field of medical technology, rising numbers of hospitals that are dedicated pediatric facilities. Likewise, rising funding for pediatric medical device innovation and the emergence of artificial intelligence, 3D printing, and medical robotics is likely to support the market growth during the forecast period. Technology plays an important role in the growth of this market, thus encouraging manufacturers to develop innovative and technologically pediatric advanced devices.
The European market is severely hit due to the exponential increase in COVID-19 cases in the region. Many nations are now reporting more patients per day than during the first wave earlier this year. Lockdowns are being reintroduced in the UK, Spain, and Italy, and Ireland. Due to the second wave of COVID-19 crisis, the governments of many countries are heading toward mounting up testing capacity. The European countries were profoundly affected due to the COVID-19 pandemic. Countries such as Italy, Spain, and France have recorded the most significant number of positive cases and have registered the maximum number of deaths. The rising rate of COVID-19 cases has increased stress on the region's healthcare system, thereby propelling the demand for diagnostic tests in its healthcare system and supporting the expansion of the sector in this region. Moreover, regulatory bodies in the region are taking preventive measures such as shutting down business operations. In March 2020, the European Medicines Agency established a managing committee to deal with the impact of COVID-19 on the supply chain of medicines. Many studies revealed the clinical features of COVID-19 in adults and infants. Limited knowledge about characteristics, results, and intrauterine transmission potential in pediatric aged 28 days or less have chances to acquire COVID-19. Due to the fear of infection in babies, people are refraining from hospitals, gynecology clinics, and baby care centers for neonatal care. These measures are likely to hamper the overall manufacturing and marketing of pediatric medical devices, which will have an adverse impact on market growth.
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Market Overview and Dynamics
The pediatric medical devices market in Europe is expected to grow from US$ 8,253.86 million in 2021 to US$ 13,862.68 million by 2028; it is estimated to register a CAGR of 7.7% from 2021 to 2028. The rest of Europe in pediatric medical devices comprises Switzerland, Netherlands, Ireland, Belgium, Denmark, and others. Increasing demand for advanced healthcare facilities, rising adoption of pediatric medical devices and commercialization of novel interventional solutions are major factors boosting the pediatric medical devices market. With the rising healthcare facilities, the mortality rate among infants, children have rapidly decreased. For instance, according to the report- “State of Child Health 2020” by Royal College of Pediatrics and Child Health, the infant mortality rate (per 1,000 live births) has decreased 4.8 to 4.2 from 2014 to 2020 in Northern Ireland. Moreover, in 2017, there were 2 pediatric consultants per 10,000 children and young people (CYP) in Northern Ireland, 2.0 per 10,000 CYP in Wales and 2.2 per 10,000 CYP in Scotland which depicts the lack of pediatric consultant in the region.
Key Market Segments
Europe 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 Europe pediatric medical devices market is segmented into France, Germany, Italy, Spain, UK, and rest of Europe. Germany 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 Europe 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.; Fritz Stephan GmbH; General Electric Company; Hamilton Medical; Koninklijke Philips N.V.; Medtronic; Siemens AG; and TSE MEDICAL.
Reasons to buy report
- To understand the Europe 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 Europe pediatric medical devices market.
- Efficiently plan M&A and partnership deals in Europe 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 Europe pediatric medical devices market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Pediatric Medical Devices Market Segmentation
Europe Pediatric medical devices Market - By Product
- In Vitro Diagnostic (IVD) Devices
- Cardiology Devices
- Respiratory Care Devices
- Monitoring Devices
- Neonatal ICU Devices
- Others
Europe Pediatric Medical Devices Market - By End User
- Hospitals
- Pediatric Clinics
- Others
Europe Pediatric Medical Devices Market - By Country
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Europe Pediatric Medical Devices Market - Company Profiles
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- Fritz Stephan GmbH
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
- TSE MEDICAL
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Pediatric Medical Devices Market – By Product
1.3.2 Europe Pediatric Medical Devices Market – By End User
1.3.3 Europe Pediatric Medical Devices Market– By Country
2. Europe Pediatric Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Pediatric Medical Devices Market– Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
5. Europe Pediatric Medical Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Children's Cancer and Respiratory Disorders are on the Rise
5.1.2 Pediatric Medical Devices Available in Wide Range
5.2 Market Restraints
5.2.1 Inadequate Knowledge of Medical Devices Designed for Infants
5.3 Future Trends
5.3.1 High Ongoing Need for Point-of-Care Products
5.4 Impact Analysis
6. Pediatric Medical Devices Market – Europe Analysis
6.1 Europe Pediatric Medical Devices Market Revenue Forecast and Analysis
7. Europe Pediatric Medical Devices Market Analysis – By Product
7.1 Overview
7.2 Europe 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. Europe Pediatric Medical Devices Market Analysis – By End User
8.1 Overview
8.2 Europe 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. Europe Pediatric Medical Devices Market – Country Analysis
9.1 Overview
9.1.1 Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Country (%)
9.1.1.1 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.1.1 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.1.2 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.1.3 Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.2 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.2.1 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.2.2 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.2.3 UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.3 France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.3.1 France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.3.2 France Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.3.3 France Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.4 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.4.1 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.4.2 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.4.3 Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.5 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.5.1 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.5.2 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.5.3 Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.1.6 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.6.1 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.6.2 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.6.3 Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10. Europe Impact Of COVID-19 Pandemic on Pediatric Medical Devices Market
10.1 Europe: 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
12.8 TSE MEDICAL
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Fritz Stephan GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 2. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 3. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product US$ Mn)
Table 4. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User US$ Mn)
Table 5. France Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 6. France Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 7. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 8. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 9. Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 10. Spain Pediatric Medical Devices Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 11. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 12. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, by End User (US$ Mn)
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. Europe Pediatric Medical Devices Market Segmentation
Figure 2. Europe Pediatric Medical Devices Segmentation, By Country
Figure 3. Europe Pediatric Medical Devices Market Overview
Figure 4. In Vitro Diagnostic Devices Held the Largest Share of the Product Segment in Europe Pediatric Medical Devices Market
Figure 5. France to Show Significant Growth During Forecast Period
Figure 7. Expert Opinion
Figure 8. Europe PEST Analysis
Figure 9. Europe Pediatric Medical Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Pediatric Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. Europe Pediatric Medical Devices Market Revenue Share, by Product (2021 and 2028)
Figure 12. Europe Respiratory Care: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Cardiology Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe In Vitro Diagnostic (IVD): Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Monitoring Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Neonatal ICU Devices: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Pediatric Medical Devices Market Share, by End User, 2021 and 2028 (%)
Figure 19. Europe Hospitals: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Pediatric Clinics: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Others: Pediatric Medical Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Pediatric Medical Devices Market Revenue Overview, by Country, 2021 (US$ MN)
Figure 23. Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028, By Country (%)
Figure 24. Germany Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. UK Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. France Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Italy Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Spain Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Rest of Europe Pediatric Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic in European Country Markets
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
- Atom Medical Corp.
- F. Hoffmann-La Roche Ltd.
- Fritz Stephan GmbH
- General Electric Company
- Hamilton Medical
- Koninklijke Philips N.V.
- Medtronic
- Siemens AG
- TSE MEDICAL
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe pediatric medical devices market
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe 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