Pediatric Medical Devices Market

Pediatric Medical Devices Market Overview

The global Pediatric Medical Devices Market size was valued at USD 36.07 billion in 2024 and is predicted to reach USD 58.24 billion by 2030 with a CAGR of 8.3% from 2025-2030. 

The rising birth cases across the world drives the demand for medical equipment for infant child that in turn fuels the growth of the market. However, strict rules and regulations for paediatric medical hinders the growth of the market. On the contrary, advancement in technologies including ultrasound technologies is anticipated to create future opportunity for the growth of the market. Moreover, the Boston Scientific and Philips Healthcare among others are adopting various business strategies that includes acquisition and collaboration to maintain their market presence and enlarge their product offering. With the advancement in technologies, the market is set for further revolution as these ultrasound technologies will allow improved visualization and open up future opportunities for the market. 

Increasing Childbirths Worldwide Fuels the Pediatric Medical Devices Market Growth

The growth in childbirth worldwide and the requirement of special medical equipment suitable for infants and young patients propel the demand for paediatric medical devices. These devices are critical during childbirth by maintaining the safety and health of new-borns that helps the market grow. According to the report released by the U.N. World Population Prospectus, birth of child worldwide is increasing at an impressive pace with nearly 134 million children born in the year 2023. The surge in the birth rate hikes the requirement of child healthcare devices, that significantly boosting the market growth.

Rising Down Syndrome Cases Fuels the Pediatric Medical Devices Market Demand

The rising down syndrome cases among babies and adolescents is increasing the demand for advanced paediatric medical devices to support their specialized medical needs. These devices are essential for continuous monitoring and effective management of their health conditions such as heart and respiratory issues. According to the report published by the United Nation in 2024, the estimated incidence of down syndrome estimated to occur in approximately 1 out of every 1,000 to 1,100 live births worldwide, with approximately 3,000 to 5,000 child’s born with chromosome disorder. Therefore, the rise in down syndrome cases drives the demand for infant medical equipment that assures these young patients receive appropriate care to enhance their quality of life.

Rising Government Investments Drives the Pediatric Medical Devices Market Trends

Government investment of nations globally in healthcare sectors to develop healthcare infrastructure also increases the demand for paediatric medical device. According to the Australian Government, 2023 the estimated health spending for the healthcare sector was about USD 71.9 billion in 2023. In addition, as per a report released by the Indian Ministry of Health, the overall spend by the government of India increased to approximately USD 10.75 billion in 2023, that was an increase from USD 9.57 billion in 2022 spent by the government on the health care sector. On such a large outlay to healthcare, the government is upgrading the healthcare system driving the growth of the market.

Strict Rules and Regulations Hinders the Growth of the Market

Paediatric medical devices subject to strict rules and regulations that are slowing market growth by imposing lengthy approval processes and high compliance costs. These rules require extensive clinical trials and post market surveillance, making innovation and market entry challenging. As a result, paediatric medical device manufacturers face delays, increased expenses and limited product availability. 

Technological Advancements Cerates Future Opportunity for the Market

The advancement in ultrasound technologies is anticipated to create future opportunity for the market. Improved ultrasound technology enhances the visual performance and is believed to help doctors to achieve precise diagnostics and track the development of children better. For example, it was reported in April 2024, when Intelligent Ultrasound launched the improved version of the Baby Works infant mannequin, advancing practice in pediatric and neonatal ultrasound. It provided six new pathologies with its cardiac elements combined with more easily visualized lungs, ensuring real-life performance for trainee healthcare providers.

Market Segmentations and Scope of the Study

The pediatric medical devices market report is segmented by product type, age group, end-user and region. On the basis of product type, the market is segmented into diagnostic imaging devices, cardiology devices, anaesthesia and respiratory care devices, in vitro diagnostic (IVD) devices, telemedicine, monitoring devices, and neonatal ICU devices. On the basis of age group, the market is divided into neonates (0-28 days), infants (1-12 months), children (1-12 years), adolescents (13-18 years). On the basis of end-user, the market is classified into research and academic institutes, hospitals, ambulatory surgery centers, and pediatric clinics. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America region dominates the pediatric medical devices market share of paediatric medical devices and is likely to maintain its dominance throughout the forecast period. This is due to the fast-emerging initiatives such as offering the children financial help in the form of direct payment of cash, tax credits, and other children-oriented support initiatives. These measures increase the range of advanced medical equipment and medical care services provided to children, resulting in growing the market for the region. According to a report published by the Urban Institute, in September 2024, the American government spend over USD 500 billion on children, assisting them financially through direct cash transfers in the form of tax credits and required in-kind services. These in-kind benefits are child care, education, food support, and health insurance coverage, intended to foster the general welfare and growth of children across the country.

Additionally, the increase in cases of down syndrome cases fueled by the growing age of mothers propels the demand for child healthcare equipment. This is because of the increased requirement for specialized care and sophisticated medical equipment used to monitor and address several of the health complications related to the condition. According to the May 2024 report released by Centres for Diseases Control and Prevention, the cases of down syndrome reached approximately 5,700 per year in the Canada, with a greater need for paediatric specialty medical devices that cater to the special healthcare requirements of such children.

On the other hand, Asia-Pacific is expected to increase pediatric diagnostic devices industry gradually. This is a trend in the Asia-Pacific region due to the continually rising birth rate in that region. There are more babies born, and therefore more modern equipment in healthcare facilities are needed to appropriately care for the babies. India saw around 23 million births in 2023, as indicated by the new report released by the United Nation Children's Fund. This influx of births provides the need for infant medical devices to aid in the health and well-being of infants and facilitate improved health status in early life.

Furthermore, the availability of a vast healthcare infrastructure with various hospitals in nations like China, India, Australia & Japan fuel the demand for sophisticated technologies and medical devices like pediatric medical device.

These healthcare sector requires advanced medical devices to enhance the treatment facility for infant and provide comprehensive care that addresses their unique medical needs, ensuring better health outcomes from birth onward. According to the report released by the National Library of Medicine in May 2023, China is the market leader with more than 36,570 hospitals and 977,790 primary clinics in the nation. This huge healthcare infrastructure is one among the reasons that is propelling the growing demand for pediatric medical devices, thereby enhancing the growth of the market.

Competitive Landscape

Various market players operating in the surgical apparel industry are GE HealthCare. GE, Baxter, Siemens Healthineers AG., Koninklijke Philips N.V., Boston Scientific Corporation, Abbott Laboratories, Medtronic, Stryker, F. Hoffmann-La Roche Ltd, Cardinal Health, Raydiant Oximetry, Hamilton Medical, Glenmark Pharmaceuticals Ltd., Alembic Pharmaceuticals Limited, Alkem among others. These market players are adopting various strategies such as product launches, acquisition and collaborations to remain dominant in the market. 

For instance, in June 2024, Boston Scientific acquired Silk Road Medical, Inc. to strengthen its pediatric medical device business with cutting-edge stroke prevention solutions for carotid artery disease. This improves treatment alternatives and enhances healthcare results for children around the world.

In addition, in April 2024, Philips Healthcare entered into a collaboration with Nicklaus Children's Health System with a view to improving the way patients and medical staff handle children cases. Nicklaus Children's Hospital uses Philips new equipment in particular Ingenia Ambition X MRI and EPIQ CVx ultrasound technology with a view to accelerating patients' exams as well as allowing physicians to achieve better diagnoses.

In addition, in October 2023, Baxter introduced a digital image capture feature for its PanOptic Plus Ophthalmoscope, that allows healthcare professionals to take eye images during standard exams of children effectively. The iExaminer Pro System enables clinicians to attach a smart device to the PanOptic Plus and safely save and share eye images via the iExaminer Pro App.

Key Benefits

• The report provides quantitative analysis and estimations of the pediatric medical devices market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the pediatric medical devices industry is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Pediatric Medical Devices Market Key Segments

By Product Type

• Diagnostic Imaging Devices

• Cardiology Devices

• Anaesthesia and Respiratory Care Devices

• In Vitro Diagnostic (IVD) Devices

• Telemedicine

• Monitoring Devices

• Neonatal ICU Devices 

By Age Group

• Neonates (0–28 Days)

• Infants (1–12 Months)

• Children (1–12 Years)

• Adolescents (13–18 Years)

By End-User

• Research and Academic Institutes

• Hospitals

• Ambulatory Surgery Centers

• Pediatric Clinics 

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• RoW

  • Latin America

  • Middle East 

  • Africa

Key Players

• GE HealthCare

• Baxter

• Siemens Healthineers AG.

• Koninklijke Philips N.V.

• Boston Scientific Corporation

• Abbott Laboratories

• Medtronic

• Stryker

• F. Hoffmann-La Roche Ltd

• Cardinal Health

• Raydiant Oximetry

• Hamilton Medical

• Glenmark Pharmaceuticals Ltd.

• Alembic Pharmaceuticals Limited

• Alkem

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 36.07 billion
Revenue Forecast in 2030	USD 58.24 billion
Growth Rate	CAGR of 8.3% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The increasing childbirths across the globe drives the growth of the market. The rising cases of down syndrome boosts the growth of the market. The increased government spending in health care sector further fuels the market growth.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.