South America Pediatric Medical Devices Market

Market Introduction

SAM region for the estimating the market for the pediatric medical devices consist of countries such as Brazil, Argentina, and rest of SAM. The region held smallest portion of the market in the global analysis. The market is likely to propel in the forecasted period owing to the recent technological developments which have made a direct impact on the economy of Brazil that has advanced to a large extent. The cost savings advantage and higher work efficiencies achieved are cited as the major attracting points for manufacturing companies to establish bases in SAM. Some of the major countries contributing to the market's growth include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. The countries offer significant growth opportunities for the market's growth. The countries are improving their healthcare infrastructure by allowing new market players to enter for business. Therefore, it is expected to increase demand for pediatric medical devices. In addition, the countries in the region are investing and taking an interest in improving their healthcare services and focusing on primary and advanced care. Hence, it is expected to increase the number of healthcare settings in these countries. Thus, the pediatric medical devices market is expected to have significant growth opportunities in rest of the SAM region during the forecast period due to the above-mentioned factors.

The outbreak of COVID–19 has stringently affected medical services in SAM. Brazil, Argentina, Uruguay, Chile, Peru, and Colombia were severely affected by the second wave of COVID-19 outbreak. Amongst which Brazil registered the highest number of deaths. Pediatric imaging and other associated treatments were stopped temporarily. It is anticipated that the region will likely force a second lockdown, which will ultimately hamper the healthcare industry in the area.    

Market Overview and Dynamics

The pediatric medical devices market in SAM is expected to grow from US$ 1,634.08 million in 2021 to US$ 2,632.01 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The healthcare system is continuously evolving due to rising product innovation and developments, creating opportunities for the market. The patient care systems are developing to facilitate various medical procedures. The rise in diseases and disorders among children is among the key role to play in increasing investment of the SAM and domestic players. The trend for pediatric medical devices is likely to grow dramatically in the future, owing to the increasing number of market players offering products. Moreover, introduction of innovative products, revolutionary technology, and successful events created opportunities for the companies to continue producing pediatric medical devices. In addition, the increasing trend for the use of point-of-care devices in hospitals and at-home care is expected to benefit the market. Thus, companies manufacturing the products are likely to add value to their customers and attract more customer base. Therefore, considering these factors, are likely to propel the market's growth during the forecast period.

Key Market Segments

SAM 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 SAM pediatric medical devices market is segmented into Brazil, Argentina, and rest of SAM. Brazil 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 SAM 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.; General Electric Company; Koninklijke Philips N.V.; Medtronic; and Siemens AG.

Reasons to buy report

• To understand the SAM 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 SAM pediatric medical devices market.
• Efficiently plan M&A and partnership deals in SAM 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 SAM pediatric medical devices market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Pediatric Medical Devices Market Segmentation

SAM Pediatric medical devices Market - By Product

• In Vitro Diagnostic (IVD) Devices
• Cardiology Devices
• Respiratory Care Devices
• Monitoring Devices
• Neonatal ICU Devices
• Others

SAM Pediatric Medical Devices Market - By End User

• Hospitals
• Pediatric Clinics
• Others

SAM Pediatric Medical Devices Market - By Country

• Brazil
• Argentina
• Rest of SAM

SAM Pediatric Medical Devices Market - Company Profiles

• Atom Medical Corp.
• General Electric Company
• Koninklijke Philips N.V.
• Medtronic
• Siemens AG

South America Pediatric Medical Devices Market Strategic Insights

South America Pediatric Medical DevicesMarket Report Highlights

South America Pediatric Medical Devices Market Country and Regional Insights