US & Global Pediatric Medical Device Market Growth Set to Surge Significantly duPosted by shriya on June 10th, 2021 US & Global Pediatric Medical Device Market by application (hospitals, clinic), by end users (pediatrician, doctors) & by types (infant caps, newborn hearing screener, cranial orthosis, infant warmer, incubators, bililights) - forecast to 2027 Market Snapshot The data experts at Market research future (MRFR), after circumspection of the current trends, predict that the Global Pediatric Medical Device Market is on track to grow at a CAGR of 10.5% during the forecast period (2017-2023). Market Potential and Top Barriers The World Health Organization (WHO) reports that in 2012, roughly 1.7 million deaths in children under the age of five were caused by the environment. These included 361000 deaths from diarrhea, 570000 deaths from respiratory infections, 200000 deaths from malaria, 270,000 deaths from neonatal conditions, and 200000 deaths from unintentional injuries. These abysmal statistics are resulting in the accelerated demand for more sophisticated treatment as well as management of various diseases among children. As per WHO, various chronic respiratory diseases refer to those medical conditions which damage the airways along with other lung structures. Among these, the most common ones are asthma, chronic obstructive lung disease such as chronic obstructive pulmonary disease, emphysema and bronchitis; neoplasms and lung cancer of respiratory and intrathoracic pulmonary heart disease, along with diseases of pulmonary circulation. Market Opportunities The Trump administration is in the process of temporarily funding the medical device manufacturers for novel devices, only when these companies are able to provide the necessary data in order to get approval for Medicare coverage. These vendors are expected to prove that their devices are of high-quality and are effective enough to come on the Centers for Medicare & Medicaid Services’ reimbursement list. Hence, the low-risk medical device manufacturers will be making the cut, based on the requirements of the program. Regional Insight The Global Market for Pediatric Medical Device is expanding in the regions of the Americas, Asia Pacific, the Middle East & Africa as well as Europe, from 2017 to 2023. Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/global-pediatric-medical-device-market-769 Contact: Akash Anand Market Research Future +1 646 845 9312 Like it? Share it! More by this author |