Report ID: UCMIG35A2535
Report ID:
UCMIG35A2535 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global pediatric medical devices market reached a valuation of approximately USD 28.4 billion in 2022. Projections indicate that the market is poised to experience steady growth over the next decade, with a projected compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. This growth can be attributed to various factors, including the increasing prevalence of pediatric diseases and the rising demand for advanced medical technologies tailored specifically for children. The development and adoption of innovative pediatric medical devices are expected to play a crucial role in improving the quality of healthcare for pediatric patients worldwide.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2535