Pediatrics Medicine Market size was estimated at $101 billion in 2020, projected to grow at a CAGR of 5% during the forecast period 2022-2028.
Pediatric medicines belong to a special category of medicines prescribed to a group of pediatric patients for various indications. These drugs are prescribed for a variety of ailments, such as anorexia, birth defects, and asthma. Several bills have been passed, such as the Best Pharmaceuticals for Children Act (BPCA) and the Pediatrics Research Equity Act (PREA), to increase R&D investment in pediatric pharmaceuticals. The drivers driving the market growth are increasing prevalence of diseases such as diabetes and obesity in children along with people’s awareness. Increasing government funding and awareness programs are also driving the market growth. However, side effects such as headaches along with low disposable income and anxiety limit the market growth. Technological advancements in pediatric medicine will prove to be future opportunities for market growth.
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Market Segments
By Type of Medicine: Autoimmune Disorder Medicine, Respiratory Disorder Medicine, Cardiovascular Medicine, Gastrointestinal Medicines
By Type of Disease: Infectious Disease, Respiratory diseases, CNS diseases, Gastrointestinal diseases, Oncological diseases and others
By Route of Administration: Topical, Oral, Parenteral and Others
By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, and Online Pharmacies
Key Players
The key players of the market are Lupin, GlaxoSmithKline plc., Pfizer Inc., Sanofi S.A., F. Hoffman-La Roche Ltd, Abbott Laboratories, Heron Therapeutics Inc., Eli Lilly & Company, Novartis A.G, Merck Co.Ltd., and Cipla Inc.
Scope of the Report
The research study analyzes the global Pediatrics Medicine industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Pediatrics Medicine Market Report
1. What was the Pediatrics Medicine Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Pediatrics Medicine Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Pediatrics Medicine Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Pediatrics Medicine market.
- The market share of the global Pediatrics Medicine market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Pediatrics Medicine market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Pediatrics Medicine market.
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