In a recent published report, Kenneth Research has updated the market report for Pediatric Healthcare Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pediatric Healthcare Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Pediatric Healthcare Market was valued at USD 123.7 Billion in the year 2017. Global Pediatric Healthcare Market is further estimated to grow at a CAGR of 3.8% from 2019 to reach USD 166.96 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China and the U.S. are projected to grow strongly in the coming years due to increasing density of population.
Major market players in Pediatric Healthcare Market are Pfizer Inc., GlaxoSmithKline plc., Merck & Co. Inc, AstraZeneca plc., Boehringer Ingelheim GmbH, Gilead Sciences Inc., Sanofi S.A.,
Pediapharm Inc., Novartis AG, Eisai Co. Ltd., Mylan N.V., and brief overview of 9 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Pediatric Healthcare Market:
Strength:
Changes in lifestyle
Rising awareness towards pediatric disorders
Weakness:
High cost
Opportunities:
Advancement in technology
Threats:
Inadequate regulatory funding
The Drug Class segment is divided as Antibiotics, Analgesics, Antidepressants, Antidiarrheal, Antifungal, Anti-histamines, Anti-hypertensives, Anti-metabolites, Anti-neoplastic Antibiotics, Antipyschotics and Others in which the anti-biotics segment contributes to the highest share in the Market. Antibiotics are extensively utilized, particularly for pediatric patients, due to their efficacy in treating bacterial infections.
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Pediatric Healthcare Market Segmentation:
By Drug Class
*Antibiotics
*Analgesics
*Antidepressants
*Antidiarrheal
*Antifungal
*Anti-histamines
*Anti-hypertensives
*Anti-metabolites
*Anti-neoplastic Antibiotics
*Antipyschotics
*Others
By Disorder/Disease
*Allergy and Respiratory
*Cancer
*Cardiovascular
*Central Nervous System
*Gastrointestinal
*Hormonal Imbalance
*Infections
*Others
By Services
*Child Psychiatry Services
*Gastrointestinal Services
*Pediatric Cancer Services
*Pediatric Diabetes Services
*Pediatric Heart Services
*Others
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support
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