Pediatric healthcare is defined as a branch of medicine that deals with the treatment of child-related diseases that affect the infants and children most. Due to lower immunity, many children suffer from gastrointestinal diseases, respiratory diseases, and other chronic diseases. Pediatric healthcare provides comprehensive care to all patients from birth to eighteen years of age. It manages the physical health, behavior-related health, and mental health of the children. In a recent study by Hiroshima University, it was reported that Hepatoblastoma (HB) was the most common liver cancer in children. It mainly affected the children up to three years old.
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Increasing prevalence of diseases among neonates and infants is a major factor driving the global pediatric healthcare market growth. In 2010, more than 8% of children had a health condition that interfered with daily activities. Compared to last 50 years, this percentage symbolized an increase of more than 400%. 14% to 16% of this 400% increase came from an increase from four classes of more common conditions that were usually less complex and they did not have substantial mortality associated with them. These conditions included asthma, obesity, mental health conditions, and neurodevelopmental disorders. In the 21st century, the rates of asthma and obesity stabilized. However, rate of other conditions, such as autism spectrum disorders and attention deficit hyperactivity disorder (ADHD) kept on increasing, along with the rates of diagnosis. This resulted into better awareness of the conditions. Due to better awareness and more diagnosis, the demand for pediatric healthcare has increased all over the world, contributing to more investment in this market and leading to global pediatric healthcare market growth.
Development of life-saving devices for children is anticipated to proliferate the growth of global pediatric healthcare market over the future years. Due to technological advancement in medical sector, there are bespoke mission critical systems in technologically advanced countries like Australia that are supporting largest organizations with technology architecture and solutions that play an important role within medical sector. These devices can be integrated with other software-based medical devices and can be useful for customized treatment for those chronic diseases which most people suffer from during childhood. In 2013, there were 75 million children in USA who at that time, accounted for 24% of total US population (315 million). In September 2021, the Penn State Health Life Lion Critical Care Transport fleet added new pediatric ambulance that was equipped with latest technology. The new life-saving ambulance features of this ambulance included several pieces of specialty equipment, such as a transport isolette for infants, a stronger oxygen system, and a ventilator.
In terms of revenue, pediatric healthcare market was valued at more than US$ 90 Bn in 2020 and is estimated to register a CAGR of 5.1% over the forecast period (2021 – 2029).
Some key players in the global pediatric healthcare market are Allergan, Aveanna Healthcare LLC., BAYADA Home Health Care, Boehringer Ingelheim International GmbH, Boston Scientific Corporation, Cardinal Health, Eisai Co. Ltd., Epic Health Services, GE Healthcare (GENERAL ELECTRIC COMPANY), Gilead Sciences Inc., GlaxoSmithKline PLC, Koninklijke Philips N.V., Maksun Biotech Pvt. Ltd., Merck & Co. Inc., PAX HEALTHCARE, Pediapharm, Sanofi, Siemens Medical Solutions USA Inc., and Stryker amongst others.
Global Pediatric Healthcare Market:
- By Offering
- Drugs
- General Anaesthetics and Oxygen
- Pain and Palliative Care
- Antiallergics
- Antidotes
- Anticonvulsants/ Antiepileptics
- Anti-Infective Medicines
- Anthelminthics
- Antibacterials
- Antifungal Medicines
- Antiviral Medicines
- Antiprotozoal Medicines
- Others
- Antimigraine Medicines
- Immunomodulators and Antineoplastics
- Medicines Affecting the Blood (Antianaemia Medicines, Coagulation, etc.)
- Cardiovascular Medicines
- Dermatological Medicines
- Disinfectants and Antiseptics
- Gastrointestinal Medicines
- Endocrine Disorders Medicines
- Immunologicals
- Others (Diagnostic Agents, Respiratory Tract Medicines, Etc.)
- Devices/Equipment
- In Vitro Diagnostic (IVD) Devices
- Diagnostic Imaging Devices
- Anesthesia and Respiratory Care Devices
- Cardiology Devices
- Orthopaedic Devices
- Telemedicine
- Monitoring Devices
- Blood Pressure
- Pulse Oximetry
- Temperature Monitoring
- Others
- Others
- Services
- Pediatric Surgical Services
- Nursing Services
- Pediatric Therapy
- Speech Therapy
- Physical Therapy
- Others
- Others
- By Application
- Neonates (Below 28 days)
- Infants (29 days to less than 2 years)
- Children (2 years to less than 12 years)
- Adolescents (12 years to less than 21 years)
- By Distribution Channels
- Online
- Offline
- Pharmacy & Drug Stores
- Specialty Stores
- Hospitals & Clinics
- Others
- By Region
- North America
- U.S.
- Canada.
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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