The Latin America, Middle East and Africa Pediatric Medical Devices Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Governments are under pressure to look for ways to improve pediatric population health while simultaneously easing the budgetary load. The rapid adoption of the most recent pediatric medical devices has been seen in areas like Latin America, as well as emerging nations in Africa. This is because of the expansion of healthcare facilities in emerging nations and an increase in awareness of the treatments available for pediatric health issues.
Growing demand for technologically cutting-edge pediatric medical equipment results from increased government and healthcare organization initiatives in these nations to prevent and effectively treat juvenile disorders. The pediatric medical devices market is expanding as a result of rising rates of diseases and disorders among children worldwide, as well as parents' growing awareness of these conditions. Growing government initiatives to raise public knowledge of pediatric illnesses and treatments, along with an increase in the number of pediatric patients, present significant potential for market participants.
The Middle East and Africa region is prioritizing the expansion of seamless coverage of life-saving, crucial interventions throughout the continuum of care to achieve optimal survival and health of the infant, mother, and child. At the regional and federal levels, frameworks like Every Newborn Action Plan (ENAP) are also being expanded. By 2035, the ENAP strategic effort aims to eliminate avoidable infant deaths and stillbirths. It does this by establishing goals, principles, and frameworks. ENAP aims to provide children with fair, high-quality care by integrating national and international strategies, measurement, and accountability. For example, there are affordable, evidence-based therapies that, if widely and fairly used, might prevent the majority of diarrhea-related deaths and over half of pneumonia-related deaths. Therefore, in the coming years, such efforts will aid in the expansion of the market.
The Brazil market dominated the LAMEA Pediatric Medical Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $739.4 million by 2028. The Argentina market is anticipated to grow at a CAGR of 11% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 10.2% during (2022 - 2028).
Based on Product, the market is segmented into In Vitro Diagnostic (IVD) Devices, Anesthesia & Respiratory Care Devices, Cardiology Devices, Diagnostic Imaging Devices, Neonatal ICU Devices and Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgery Centers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Pediatric Medical Devices Market is Predict to reach $42 Billion by 2028, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Abbott Laboratories, Cardinal Health, Inc., GE HealthCare Technologies, Inc., Hamilton Medical AG (Hamilton Bonaduz AG), TSE spol. s.r.o. (TSE Medical), Fritz Stephan GmbH, Phoenix Medical Systems Pvt. Ltd., Trimpeks, and Atom Medical Corporation.
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