Pediatrics Market Research:
The global market of pediatrics consists of different healthcare services which include medical services, medical devices, medical equipment, hospital and patient supplies and pharmaceuticals.
The pediatrics market is a highly flourishing one due to the lifestyle and dietary changes in modern world. As children are already prone to various illnesses and infections easily, the market is less likely to see a downfall in the upcoming years.
The international pediatric market is mainly affected by the American population who contribute more towards the market due to the changes in diet and living. Europe and Asia being the second and third continents also affect the pediatrics market by a large percentage. According to the reports, pediatric healthcare market was valued at US $88 million in 2017 with CAGR of 4.5 and is expected to reach up to 5.5% by the end of 2026. The frequent rise in the disorders of children causes the demand to rise forever. The antibiotics segment is also expected to outreach the pediatric market during 2018 to 2026.
Due to modern habits, every change in diet and eating habits may give rise to diseases or disorders like obesity, heart attack and other cardio vascular diseases due to which the children likely to attract more diseases.
According to the WHO (world health organization), the number of obese children has reached 20 million worldwide.
Pediatric Vaccines Market Analysis:
The vaccine market size is exponentially growing from the recorded 22 billion in 2016 due to the funding from government authorities and private authorities. It has an impact on the growth of the vaccine market with the rise in chronic diseases every year. According to the WHO, 5 Billion children become ill due to no having proper treatment.
As shown in the graph above, The Asian regions like India, Australia and
china are experiencing a high market growth whereas the European countries and
the North American countries experience medium growth. The market in African
countries has a lower growth compared due to the food choices and less
consumption of processed food.
In the foreign developed countries, the pediatric
healthcare industry is growing at an advanced level. The world’s largest
industries are located at USA and Europe.
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