Pseudotumor Cerebri Market Size Industry Analysis, Share, Growth, Trends and Forecast 2023 (1)

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Pediatric Medical Device Market is expected to
grow at a CAGR of approximately 10.5 during the
forecast period 2017-2023
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Pediatric Medical Device Market
Global Pediatric Medical Device Market -
Overview Pediatric medical devices are medical
devices utilized for the management and treatment
of infants and children below 18 years with some
health issues. Majority of these medical devices
are specially designed and manufactured for
infants and children, but in some cases these
devices are used for adult also. Global market of
pediatric medical device is expected to grow at a
CAGR of approximately 10.5 during the forecast
period 2017-2023. The global pediatric medical
devices market is growing immensely due to rising
occurrence of disease among children, increasing
child bearing age among women, high number of
children with heart diseases, increasing growth
in number of pediatric hospitals and clinics.
Furthermore, initiatives by the government and
regulatory organization are influencing the
market growth. For example, FDA has taken
initiatives like they are collaborating with the
Institute of Medicine for the success of
post-market surveillance of pediatric medical
devices to enhance the development and
availability of safe and effective pediatric
medical devices. Request For Sample Report
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Pediatric Medical Device Market
Global Pediatric Medical Device Market -
Competitive Analysis Characterized by the
presence of several well-established and small
players, the global market of pediatric medical
device appears to be highly competitive and
fragmented. With well-established market in the
North America and European region with major
companies having their home in the regions and
generating maximum market share. These companies
have expanded their operating unit in various
other emerging regions as well. Moreover the
other small and medium scale players are
generating revenue from local market. Medtronic
is a one of the global healthcare solutions
provider company, involved in improving lives of
individuals through its medical technologies,
services, and solutions. Medtronic in January
2015, announced the acquisition of Covidien. With
this acquisition the company will enhance its
medical device product. Covidient includes
various pediatric medical device such as
Pediatric Collection Devices, Pediatric Urology
Accessories, Pediatric Latex Foley Catheters and
various others. These product will further
enhance the revenue for Medtronic.
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Pediatric Medical Device Market
Global Pediatric Medical Device Market - Regional
Analysis The global market is segmented into the
various regions including North America, Europe,
Asia Pacific, and the Middle East
Africa. America accounted for the largest market
share for global pediatric medical device market.
It covers two of the major regions namely North
America and South America. North America is the
largest market the growth of the market is
attributed to increase in growth of children with
chronic diseases among, growth in number of women
conceiving at older age addiction of pregnant
women to smoking and alcohol, and technology
advance medical devices manufactured by major
market players. Abbott, General Electric Company
and Johnson Johnson Private Limited are major
market players in the U.S. and presence all
around the global. According to American Academy
of Pediatrics, percentage of children in U.S with
chronic health conditions is growing and diseases
like asthma and attention deficit hyperactivity
disorder have taken a rise at a disproportionate
rate among them. In South America, significant
increase in chronic diseases among children,
demand for technology advanced pediatric medical
devices, awareness regarding birth defects and
child health influence this markets
growth.
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