Global Pediatric Masks Market - Introduction

Pediatrics is a branch of medicine that deals with the health, growth, and development of infants, children, and adolescents. The global pediatric mask market is driven by an increase in the incidence of asthma and respiratory diseases, increase in allergy cases, availability of advanced masks, and rise in pollution levels. Furthermore, increase in awareness about the diagnosis of respiratory diseases and improvement in health care facilities are likely to drive the market. Advanced full face masks manage pediatric asthma and help control the condition. As estimated by the American Lung Association, the Centers for Disease Control and Prevention (CDC), and the National Institute of Allergy and Infectious Diseases (NIAID), in U. S. 6 million children are affected by asthma currently.

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Global Pediatric Masks Market - Competitive Landscape

Strategic alliances between small players and major players in emerging markets are expected to boost the market. Important aspects of strategic alliances are strong distribution reach, manufacturing expertise, and technological collaboration. Established players can gain easy access to emerging markets with a strong distribution agreement. Increase in manufacturing expertise by entering into contract manufacturing agreement with domestic players enable companies to provide products at low cost. This, in turn, provides high quality products at economical prices.

Fisher & Paykel Healthcare Limited

Founded in 1998, Fisher & Paykel Healthcare Limited is headquartered in Auckland, New Zealand. Fisher & Paykel Healthcare Corporation Limited engages in the design, manufacture, and marketing of respiratory products and systems that are utilized in respiratory care, acute care, and obstructive sleep apnea. The company’s products are used in respiratory, acute care, and surgery and for the treatment of obstructive sleep apnea (OSA). It has a direct presence in over 33 countries and sells its products in more than 120 countries across North America, Europe, Asia Pacific, and other regions. The company manufactures most of its devices in New Zealand (approximately 66%) and Mexico (approximately 34%). The company’s R&D center is based in New Zealand. 

ResMed, Inc.

Established in 1989, ResMed, Inc. is headquartered in San Diego, U.S. ResMed, Inc. specializes in the manufacture of products and solutions for the diagnosis, treatment, and management of sleep apnea, chronic obstructive pulmonary disease (COPD), and other chronic diseases. The company offers respiratory products in hospitals and home care settings. It has a wide portfolio of patented products in CPAP devices, consumables, and other segments such as obstructive sleep apnea and sleep breathing disorders. The company provides services to around 3 million patients across the world by improving the quality of their life, preventing progression of chronic diseases, and reducing overall health care costs.

Philips Healthcare (Koninklijke Philips N.V.)

Founded in 1891, Philips Healthcare is headquartered in Amsterdam, Netherlands. Philips Healthcare is a subsidiary of Koninklijke Philips N.V. Philips Healthcare operates through four divisions: diagnostic imaging systems, home healthcare, customer services, and patient care and clinical informatics. The company focuses on the complete cycle of care from disease prevention through screening, diagnosis, monitoring, and health management. It has presence in around 100 countries, with more than 450 products across the segments. Since January 2019, the company’s sleep & respiratory care business has shifted from the personal health segment to the renamed connected care segment.

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Global Pediatric Masks Market - Dynamics

Initiatives by governments

Rise in health care expenditure provides substantial opportunities to hospitals and companies to generate greater revenues. According to the Organization for Economic Cooperation and Development (OECD), the global expenditure on health care is projected to reach US$ 10 Trn by 2020. Health care expenditure in most countries in Europe is increasing at a rapid pace, as compared to the rise in gross domestic products (GDP). Furthermore, the U.S. FDA is committed to support the development and availability of safe and effective pediatric products. Its current initiatives include increasing the number of medical devices with labels for pediatric patients by incorporating known information about device effects in other populations to support pediatric indications, collaborating with the Institute of Medicine on the effectiveness of post-market surveillance of pediatric medical devices, and collecting data on the unmet needs for pediatric medical devices and the barriers to the development of new pediatric devices.

Rise in chronic health conditions among infants and children

The percentage of children with chronic health conditions is on the rise. Research presented at the Pediatric Academic Societies 2016 Meeting indicated that chronic diseases are highly common among children who live in or near poverty. The study found significant increases in asthma and COPD among children living in poverty, as compared to their wealthier counterparts. Poor children with these conditions are likely to have two or more additional diseases. Some of the more common co-existing conditions included developmental delays, autism, depression or anxiety, behavioral or conduct issues, speech and language problems, epilepsy/seizure disorders, and learning disabilities.

In another study published in the February 2017 issue of The Journal of the American Medical Association, it was found that the prevalence of chronic health conditions among children in the U.S. doubled between 1994 and 2006.

Global Pediatric Masks Market – Segmentation

The global pediatric masks market can be segmented based on product type, end-user, and region

Based on product, the global pediatric masks market can be divided into

  • Facial Masks
  • Nasal Mask
  • Others

Based on application, the global pediatric masks market can be classified into

  • Oxygen
  • Nebulization
  • Ventilation
  • Tracheostomy
  • Anesthesia
  • Resuscitation
  • Others 

Based on end-user, the global pediatric masks market can be segregated into

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Home Care
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Pediatric Masks Market

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