South America Pediatric Medical Devices Market
SAM region for the estimating the market for the pediatric medical devices consist of countries such as Brazil, Argentina, and rest of SAM. The region held smallest portion of the market in the global analysis. The market is likely to propel in the forecasted period owing to the recent technological developments which have made a direct impact on the economy of Brazil that has advanced to a large extent. The cost savings advantage and higher work efficiencies achieved are cited as the major attracting points for manufacturing companies to establish bases in SAM. Some of the major countries contributing to the market's growth include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. The countries offer significant growth opportunities for the market's growth. The countries are improving their healthcare infrastructure by allowing new market players to enter for business. Therefore, it is expected to increase demand for pediatric medical devices. In addition, the countries in the region are investing and taking an interest in improving their healthcare services and focusing on primary and advanced care. Hence, it is expected to increase the number of healthcare settings in these countries. Thus, the pediatric medical devices market is expected to have significant growth opportunities in rest of the SAM region during the forecast period due to the above-mentioned factors.
The outbreak of COVID–19 has stringently affected medical services in SAM. Brazil, Argentina, Uruguay, Chile, Peru, and Colombia were severely affected by the second wave of COVID-19 outbreak. Amongst which Brazil registered the highest number of deaths. Pediatric imaging and other associated treatments were stopped temporarily. It is anticipated that the region will likely force a second lockdown, which will ultimately hamper the healthcare industry in the area.
Strategic insights for the South America Pediatric Medical Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,634.08 Million |
| Market Size by 2028 | US$ 2,632.01 Million |
| Global CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Pediatric Medical Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The pediatric medical devices market in SAM is expected to grow from US$ 1,634.08 million in 2021 to US$ 2,632.01 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The healthcare system is continuously evolving due to rising product innovation and developments, creating opportunities for the market. The patient care systems are developing to facilitate various medical procedures. The rise in diseases and disorders among children is among the key role to play in increasing investment of the SAM and domestic players. The trend for pediatric medical devices is likely to grow dramatically in the future, owing to the increasing number of market players offering products. Moreover, introduction of innovative products, revolutionary technology, and successful events created opportunities for the companies to continue producing pediatric medical devices. In addition, the increasing trend for the use of point-of-care devices in hospitals and at-home care is expected to benefit the market. Thus, companies manufacturing the products are likely to add value to their customers and attract more customer base. Therefore, considering these factors, are likely to propel the market's growth during the forecast period.
SAM pediatric medical devices market is segmented into product, end user, and country. The pediatric medical devices market, by product, is segmented into in vitro diagnostic (IVD), cardiology devices, respiratory care, monitoring devices, neonatal ICU devices, and others. The in vitro diagnostic segment is likely to hold the largest share of the market in 2021. Based on end user, the pediatric medical devices market is segmented into hospitals, pediatric clinics, and others. The hospitals segment is likely to hold the largest share of the market in 2021. Based on country, the SAM pediatric medical devices market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2021.
A few major primary and secondary sources referred to for preparing this report on the pediatric medical devices market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Atom Medical Corp.; General Electric Company; Koninklijke Philips N.V.; Medtronic; and Siemens AG.
The South America Pediatric Medical Devices Market is valued at US$ 1,634.08 Million in 2021, it is projected to reach US$ 2,632.01 Million by 2028.
As per our report South America Pediatric Medical Devices Market, the market size is valued at US$ 1,634.08 Million in 2021, projecting it to reach US$ 2,632.01 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The South America Pediatric Medical Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Pediatric Medical Devices Market report:
The South America Pediatric Medical Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Pediatric Medical Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Pediatric Medical Devices Market value chain can benefit from the information contained in a comprehensive market report.
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