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Antipyretic Drugs For Children Global Market Analysis, Trends, Growth, Research And Forecast 2033
Antipyretic Drugs For Children Global Market
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According to The Business Research Company's, The antipyretic drugs for children market size has grown strongly in recent years. It will grow from $3.02 billion in 2023 to $3.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing awareness of pediatric health leading to higher demand for antipyretic medications, growing incidence of fever-related illnesses in children worldwide, rising healthcare expenditures among families to treat common childhood fevers, increasing access to over-the-counter antipyretic drugs in emerging markets and growing emphasis on preventive healthcare and early treatment of pediatric fevers.
The antipyretic drugs for children market size is expected to see strong growth in the next few years. It will grow to $4.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising focus on pediatric healthcare advancements boosting the demand for safer antipyretic drugs, growing prevalence of viral infections in children fueling the need for antipyretic treatments, increasing government initiatives to improve pediatric healthcare access in developing countries, advances in drug formulations and delivery mechanisms enhancing the efficacy of antipyretics and expansion of pharmaceutical companies in emerging markets driving the availability of pediatric medications. Major trends in the forecast period include technological innovations in pediatric drug formulations for faster and safer fever relief, shift towards natural and herbal-based antipyretic drugs for children, increasing focus on personalized pediatric treatments for managing fevers, growing adoption of telemedicine platforms to access pediatric consultations for fever management and development of combination antipyretic drugs targeting multiple symptoms in children.
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Market Drivers and Trends:
A growing number of viral and bacterial infections is expected to propel the growth of the antipyretic drugs for children market going forward. Viral infections are caused by viruses, which invade and replicate inside host cells, leading to diseases such as flu (influenza). Bacterial infections result from harmful bacteria entering the body and multiplying, causing illnesses such as strep throat or tuberculosis. The incidence of viral and bacterial infections is increasing due to factors such as growing antibiotic resistance, global travel, and population density, which facilitate the spread of pathogens. Antipyretic drugs, such as acetaminophen or ibuprofen, are used in children to reduce fever and alleviate discomfort caused by viral or bacterial infections. For instance, in May 2022, according to The Office for National Statistics, a UK-based non-ministerial department, between December 2021 and March 2022, there were 6,898 deaths due to flu and pneumonia in the UK, an increase from the 5,288 deaths recorded during the same period in 2020-2021. This reflects a rise of over 1,600 deaths year-over-year. Therefore, the growing number of viral and bacterial infections is driving the growth of the antipyretic drugs for children market.
Growing Birth Rates Drive Demand In The Children's Antipyretic Drug Market
The growing birth rates are expected to propel the growth of the antipyretic drug for children market going forward. Birth rate is the number of live births per 1,000 people in a population per year. A growing birth rate is due to increased access to healthcare, improved economic conditions, and higher fertility rates in certain regions. A growing birth rate can increase the demand for antipyretic drugs for children, as a larger population of infants and young children requires more medical care, including fever management. For instance, in September 2024, according to the Registry of Births, Deaths, and Marriages, Victoria, an Australia-based electronic resource, the number of births registered in Victoria increased from 7,689 in July 2024 to 7,994 in August 2024. Therefore, growing birth rates are driving the antipyretic drug for children market.
Major companies operating in the antipyretic drugs for children market are focused on developing advanced drug formulations, such as medicine gummy bites, to enhance ease of administration and improve compliance among young patients. Medicine gummy bites are chewable, gummy-form medications designed to make taking medicine more appealing, especially for children. They come in various forms and flavors to help improve compliance and make the process easier. For instance, in October 2023, DrKids, a US-based pharmaceutical company, launched an acetaminophen gummy bite. It is an innovative medicine offering a child-friendly pain and fever relief alternative. It features an exact dosing system that simplifies medicine administration for parents while ensuring safety and effectiveness.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Bayer AG, Novartis AG, Sanofi S.A., Bristol Myers Squibb, GlaxoSmithKline plc, Reckitt Benckiser Group, Viatris Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Perrigo Company plc, Aurobindo Pharma Ltd., Dr. Reddy's Laboratories Ltd., Cipla Ltd., Lupin Limited, Towa Pharmaceutical Co Ltd., Glenmark Pharmaceuticals Ltd., Alkem Laboratories Limited
Antipyretic Drugs For Children Market 2024 Key Insights:
• The antipyretic drugs for children market size is expected to see strong growth in the next few years. It will grow to $4.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Rising Infections Drive Growth In Antipyretic Drugs For Children
• Innovations in Children's Antipyretic Drugs For Gummy Formulations
• North America was the largest region in the antipyretic drugs for children market in 2023
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