Pediatrics Market held a considerable share in 2022, Growing Infectious and Chronic Diseases

According to Precision Business Insights (PBI), the latest report, the Pediatrics market size is valued at USD x million during the estimated period 2022-2028. The primary driver of the expansion of the global Pediatrics market includes the increasing number of deaths due to various diseases, infections, and malnutrition, increasing prevalence of chronic disorders, infectious diseases like pneumonia, diarrhoea, and malaria along with premature birth and birth-related complications.

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Short-Term Disease to Dominate the Pediatrics Market:
Amongst periods of disease, short-term disease held a significant market share. The increase in short-term disorders in children and teenagers due to respiratory or ocular infections, gastrointestinal illnesses, diarrhea, and fever is fuelling the growth of the global pediatrics market. Chronic diseases like cerebral palsy, diabetes, asthma and allergies, obesity, and other neurological problems like depression and ADHD are growing profoundly in children aged 12 to 21. However, the increasing prevalence of deaths due to the transmission of viral infections and malnutrition is supporting the growth in the global pediatric healthcare market. The development of pediatric treatments and improvements in healthcare infrastructure are key opportunities for the global market.

Asia Pacific Pediatrics Market:
North America is expected to dominate the global pediatrics market in the forecasted years due to the unhealthy lifestyle, and prevalence of chronic and infectious diseases. Moreover, recurring investments through global players in the pediatrics sector for innovative medications and therapies are driving the market in this region. Asia Specific market registered significant market growth in 2021 and is expected to grow further in upcoming years owing to an increasing number of child deaths, malnutrition, and awareness related to pediatric diseases.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global pediatrics market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2022, Summus Global announced a collaboration with Boston children's hospital for virtual care. In Aug 2022, The Leukaemia & Lymphoma Society (LLS) announced that they will work to change the Pediatrics clinical trial model.

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The pediatrics market is segmented based on product period of disease, therapeutics, treatment, and geography.
Based on the period of disease, the market is segmented into the following:
• Long-term Disease
• Short-term Disease

Based on the therapeutics, the market is segmented into the following:
• Asthma & Allergies
• Cardiology
• Gastroenterology
• Diabetes
• Obesity
• Cerebral palsy
• Chronic illness
• Others

Based on the treatment, the market is segmented into the following:
• Medication
• Immunotherapy
• Dietary restrictions
• Surgery
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Pediatrics market report are Novartis, Abbott, GlaxoSmithKline, AstraZeneca, Johnson & Johnson, Sanofi, LLC, Eli Lilly, Merck and Company, and AxcanPharma.

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