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Pediatric Clinical Trials Global Market Analysis, Trends, Growth, Research And Forecast 2033
Pediatric Clinical Trials Global Market
As per the report, the pediatric clinical trials market size has grown strongly in recent years. It will grow from $16.31 billion in 2023 to $17.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The pediatric clinical trials market size is expected to see strong growth in the next few years. It will grow to $22.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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Rising Pediatric Cancer Cases Propel Growth In Pediatric Cancer Trials Market
The rise in pediatric cancer cases is expected to propel the pediatric clinical trials market going forward. Pediatric cancer refers to cancers that develop in children and adolescents under the age of 14. Pediatric cancers are extremely uncommon, and their growth and dissemination patterns may be distinct from those of adult tumors. Pediatric clinical trials continue to play a significant role in the advancement of prognosis and treatment. For instance, in January 2023, according to the American Cancer Society, a US-based voluntary health organization, it is estimated that about 9,910 children in the US under the age of 15 will be diagnosed with cancer and about 1,040 children under the age of 15 are expected to die from cancer in 2023. Therefore, the growing healthcare expenditure is driving the pediatric clinical trials market.
Pediatric Clinical Trial Market Embraces Product Innovation
Product innovation are a key trend gaining popularity in the pediatric clinical trial market. Companies operating in the pediatric clinical trials market are adopting new innovative products to sustain their position in the market. For instance, in June 2022, The Leukemia & Lymphoma Society, a US-based voluntary health organization, launched Pediatric Acute Leukemia (PedAL) Master Clinical Trial. It is uniquely designed for pediatric acute leukemia where unique tumor biology of each child's cancer is identified to help match them with the most promising treatment.
The pediatric clinical trials market covered in this report is segmented -
1) By Phase: Phase I, Phase II, Phase III, Phase IV
2) By Study Design: Treatment Studies, Observational Studies
3) By Therapeutic Areas: Infectious Diseases, Oncology, Autoimmune Or Inflammatory Diseases, Respiratory Disorders, Mental Health Disorders, Other Therapeutic Areas
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Major companies operating in the pediatric clinical trials market report are Medpac Inc., Pharmaceutical Product Development Inc., ICON plc, Syneos Health Inc., QPS Holdings LLC, Pfizer Inc., IQVIA Inc., Premier Research, Labcorp - Laboratory Corporation of America Holdings, The Emmes Company LLC, Synteract Inc., Charles River Laboratories International Inc., Covance Inc., Bristol-Myers Squibb Company, GlaxoSmithKline plc, BioNTech SE, Moderna Inc., Parexel International Corporation, PRA Health Sciences, Wuxi AppTec, Merck & Co. Inc., AstraZeneca plc, Sanofi S.A., Johnson & Johnson, Eli Lilly and Company, Takeda Pharmaceutical Company Limited, C.H. Boehringer Sohn AG & Co. KG, AbbVie Inc., Teva Pharmaceutical Industries Ltd., Oracle Health sciences
Contents of the report:
1. Executive Summary
2. Pediatric Clinical Trials Market Report Structure
3. Pediatric Clinical Trials Market Trends And Strategies
4. Pediatric Clinical Trials Market - Macro Economic Scenario
5. Pediatric Clinical Trials Market Size And Growth
…..
27. Pediatric Clinical Trials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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