Pediatric Critical Care Market Size, Share, & Trends Analysis Report By Treatment (Respiratory, Cardiovascular, Neurology, Gastrointestinal), By Hospital Ownership, By Region, And Segment Forecasts, 2024 - 2030

Pediatric Critical Care Market Size, Share, & Trends Analysis Report By Treatment (Respiratory, Cardiovascular, Neurology, Gastrointestinal), By Hospital Ownership, By Region, And Segment Forecasts, 2024 - 2030

Pediatric Critical Care Market Growth & Trends

The global pediatric critical care market size is anticipated to reach USD 40.07 billion by 2030 and is anticipated to expand at a CAGR of 5.87% during the forecast period, according to a new report by Grand View Research, Inc. The pediatric critical care market is expected to grow significantly due to advancements in medical technology, increased healthcare expenditure, and rising prevalence of chronic diseases in children. Innovations in patient monitoring systems and critical care equipment enhance treatment efficacy. In addition, growing awareness about pediatric care, improving healthcare infrastructure, and favorable government initiatives support market expansion.

The pediatric critical care market is poised for significant growth, driven by the increasing complexity of cases and the rising demand for specialized care. According to the National Library of Medicine (NCBI) the incidence of multiple organ dysfunction syndrome in pediatric ICU patients surged from 7% to 21% between 2001 and 2019. In addition, the percentage of children requiring mechanical ventilation increased from 15% to 17% during the same period.

Furthermore, the length of stay for pediatric ICU patients has also extended, reflecting the need for comprehensive and prolonged critical care interventions. For instance, as per a 2022 NCBI article, the proportion of children with ICU stays exceeding 28 days rose from 5% to 6% from 2001 to 2019. These trends underscore the increasing demand for innovative solutions and expertise in pediatric critical care, fueling market expansion. This expansion is driven by the urgent need for better healthcare infrastructure and resources to effectively manage the complex conditions of pediatric patients.

Pediatric Critical Care Market Report Highlights

• Based on the treatment, the respiratory segment is accounted for largest revenue share of over 27% in 2023. The rising prevalence of respiratory issues such as acute respiratory distress syndrome (ARDS) and severe asthma exacerbations has made them top reasons for ICU admissions among children
• However, Cardiovascular segment is accounted of substantial growth during the forecast period. Increasing rates of pediatric heart surgeries are leading to the establishment of specialized pediatric cardiac intensive care units (CICUs) to cater to complex cases
• Based on hospital ownership, Public/government hospitals segment accounted for the largest revenue share of over 34% in 2023. This is attributed to the Increased government investments in healthcare infrastructure, particularly in pediatric care
• For-profit privately owned are projected to witness the fastest CAGR over the forecast period, owing to rising demand for specialized pediatric services, enhanced technological investments, and favorable reimbursement policies
• Asia Pacific pediatric critical care market held the largest market share of over 53% in 2023 and witness the fastest growth during the forecast period. In countries such as India and China, the ICU admission rates for pediatric patients are rising due to increased healthcare access and awareness of pediatric health issues

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