Pediatric Monitoring Market Overview
Pediatrics refer to the branch of medicine that deals with medical care of new born and children. The management of pediatric health before, during, and after diagnostic and therapeutic procedures related to various health conditions is called as pediatric monitoring. The global pediatric monitoring market is estimated to surpass $9,039m by 2025, growing at an estimated CAGR of XX% during the forecast period 2018–2025. North America dominates the pediatric monitoring market owing to factors such as increasing instances of cardiac diseases among children, increased health care spending, and existence of a large patient pool and well-established medical companies.
Pediatric Monitoring Market Outlook
Pediatric monitoring essentially entails the healthcare services provided across various areas of the healthcare industry. Children are often prone to illnesses and diseases and catch infections easily. Hence, the pediatric market in terms of healthcare is a flourishing one. Changes in lifestyle and unhealthy habits among consumers largely contribute to the growth of this market.
This report provides an in-depth analysis of the pediatric monitoring market by product type, product end user, service, service end user, and geography.
Pediatric Monitoring Market Growth Drivers
The pediatric monitoring market is driven by the rising incidence of pediatric infectious diseases. Rising incidences of chronic diseases such as cardiovascular disease and diabetes are propelling the growth of the pediatric monitoring market.
Pediatric Monitoring Market Challenges
The ethical, biological, and statistical variations of studying new therapeutic mediators in children present monetary challenges that create unintended incentives – both advantageous and disadvantageous – for any person or developer who tries to meet the necessities of new legislations. Further, drugs and medication related issues such as dose selection for pediatric clinical trials, failures of pharmacometirc analysis in development of pediatric drugs, and others is also hindering the growth of the market.
Pediatric Monitoring Market Research Scope
The base year of the study is 2017, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the pediatric monitoring market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the product types, product end users, and services in pediatric monitoring as well as the end users of these services.
Pediatric Monitoring Market Report: Industry Coverage
Product Types of Pediatric Monitoring: Neuromonitoring Devices, Hemodynamics Monitoring Devices, Cardiac Monitoring Devices, Multiple Parameter Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices, Remote Patient Monitoring Devices
Product End Users of Pediatric Monitoring: Hospital, Clinics, Ambulatory Surgery Centers and others
Services in Pediatric Monitoring: Vital Signs Monitoring, Blood-Oxygen Level Monitoring, Cardiac/ECG Monitoring, EEG Monitors, CO2 Monitoring, Defibrillation, Temperature monitoring, Remote Patient Monitoring, Pressure Monitoring and Others
Services End Users in Pediatric Monitoring: Neonates, Infants, Children, Adolescents
The Pediatric Monitoring Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- The Middle East and Africa: Israel, South Africa, Saudi Arabia
Pediatric Monitoring Market Key Players Perspective
Some of the key players mentioned in this report are Edward Lifesciences Corporation, Medtronic plc, Omron Corporation, Schiller AG, and Koninklijke Philips N.V.
Pediatric Monitoring Market Trends
- Rising incidences of chronic diseases such as cardiovascular disease and diabetes will propel the growth of the pediatric monitoring market.
- Rising incidences of pediatric infectious diseases and the presence of a large patient pool in certain regions will drive the pediatric monitoring market.
- Devices such as hemodynamics monitoring devices and cardiac monitoring devices accounted for the major share of the total market in 2017. As per IndustryARC analysis, these two segments will continue to generate good revenue through 2025.