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Pediatric Medical Device Market To Be Driven By Rising Chronic Diseases and Life-Threatening Diseases in Children Till 2023 | MRFR

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rahul kumar
Pediatric Medical Device Market To Be Driven By Rising Chronic Diseases and Life-Threatening Diseases in Children Till 2023 | MRFR

Jun 26, 2019 (AB Digital via COMTEX) -- The data experts at Market research future (MRFR), predict that the Global Pediatric Medical Device Market is expected grow at a CAGR of 10.5% during the forecast period.

The World Health Organization (WHO) reports that roughly 1.7 million deaths in children under the age of five were caused by the environment.

With the increasing number of pediatric patients succumbing to infectious diseases like gastrointestinal and respiratory disorders, the need for early diagnosis and regular monitoring has become essential for the identification, treatment and controlling of these diseases.

Nonetheless, the governments around the world are under substantial pressure to tread on unexplored avenues in the field for the improvement of health of the pediatric population and reduce the financial issues in the process.

The profitable regional market consists of North America and South America, wherein North America constitutes the larger share of the market.

Some of these vendors are General Electric Company, Johnson & Johnson Private Limited and Abbott, making their presence felt all over the world.

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