Press release
Pediatric Hospitals Market Forecast Supported by Rising Adoption of Specialized Treatments for Rare Childhood Conditions
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pediatric Hospitals Market- (By Therapeutic Area (Endocrinology, Gastroenterology and Others), By Hospitals Type (Publicly/Government-Owned, Not-For-Profit Privately Owned and For-profit Privately Owned)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."According to the latest research by InsightAce Analytic, the Global Pediatric Hospitals Market is valued at US$ 157.1 Bn in 2023, and it is expected to reach US$ 247.5 Bn by 2031, with a CAGR of 6.01% during the forecast period of 2024-2031.
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The pediatric hospital market is anticipated to experience substantial growth, driven by factors including an expanding pediatric population, rising household incomes, and increasing parental preference for specialized healthcare services tailored to children. Technological advancements in digital health are further facilitating market development by enhancing both accessibility and quality of care. The rising global incidence of pediatric diseases has significantly increased the demand for dedicated healthcare facilities for children.
Continued investments in hospital infrastructure, particularly in research and treatment of rare pediatric conditions, are expected to support market expansion. In India, the pediatric hospital sector is projected to achieve the highest growth rate, fueled by the increasing prevalence of chronic and infectious diseases, as well as neonatal health challenges necessitating specialized medical intervention. Moreover, government initiatives focused on strengthening healthcare infrastructure, extending service coverage, and promoting child health are anticipated to further accelerate the growth of pediatric hospitals, contributing to the overall advancement of the market.
List of Prominent Players in the Pediatric Hospitals Market:
• Asan Medical Center
• Boston Children's Hospital
• Children's Health Queensland (The State of Queensland)
• Children's Hospital Los Angeles
• Cincinnati Children's Hospital Medical Center
• Great Ormond Street Hospital for Children
• Hôpital Necker-Enfants Malades/AP-HP
• Texas Children's
• The Children's Hospital of Philadelphia
• The Hospital for Sick Children (SickKids)
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Market Dynamics
Drivers:
The pediatric hospital market is witnessing consistent growth, primarily fueled by rising awareness of child health and wellness, which has increased demand for healthcare services and products designed to be safe and reliable for children. Ongoing technological advancements are enhancing the efficiency, quality, and sustainability of pediatric care, thereby supporting market expansion.
Substantial investments by leading industry stakeholders are driving innovation and accelerating the development of advanced pediatric treatments. Additionally, the increasing prevalence of chronic illnesses, diarrheal diseases, and injury-related conditions among children is elevating demand for both acute and long-term care services. Evolving childcare practices and the growing incidence of pediatric disorders are further expected to sustain market growth throughout the forecast period.
Challenges:
Despite its promising outlook, the pediatric hospital market faces several constraints. Ethical considerations regarding the testing and promotion of child-specific healthcare products necessitate careful oversight to ensure patient safety while fostering innovation. Complex and stringent regulatory requirements for pediatric pharmaceuticals and medical devices pose additional challenges, often exceeding those applicable to adult healthcare products. The development of age-appropriate therapies and medical devices requires specialized research and design to ensure efficacy and safety across different stages of child development. Moreover, limited healthcare infrastructure in certain regions continues to restrict access to pediatric services, constraining broader market expansion.
Regional Trends:
North America is expected to maintain strong growth in the pediatric hospital sector, driven by significant government investment in pediatric healthcare infrastructure and the presence of leading companies advancing innovative medical technologies and treatments. Europe also represents a substantial market, supported by well-developed healthcare systems and rising incidences of pediatric malnutrition, which have increased demand for specialized hospital services. Strategic collaborations among key stakeholders are further enhancing market reach and supporting the sustained development of the global pediatric hospital industry.
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Recent Developments:
• In April 2024, the University Children's Hospital Basel (UKBB), an independent, university-based center of excellence for adolescent and pediatric medicine, along with education and research, announced to deployment of Microsoft Copilot solution.
• In February 2024, The University of Texas Southwestern Medical Center and Children's Health announced a plan for a new pediatric health campus for around USD 5 billion in Dallas, Southwestern Medical District.
• In November 2023, Wolters Kluwer N.V. announced the adoption of its Ovid Synthesis solution by the U.S. three children's hospitals, such as Children's Medical Center of Dallas, Children's Hospital of Philadelphia, and Stanford Health Care.
Segmentation of Pediatric Hospitals Market
Pediatric Hospitals Market- By Therapeutic Area
• Endocrinology
• Gastroenterology
• Cardiology
• Nephrology
• Neurology
• Allergy & Immunology
• Oncology
• Respiratory
• Pulmonology
• Ophthalmology
• Others
Pediatric Hospitals Market- By Hospitals Type
• Publicly/Government-Owned
• Not-for-profit privately Owned
• For-profit privately Owned
Pediatric Hospitals Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/pediatric-hospitals-market/2584
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
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Asia: +91 79 72967118
info@insightaceanalytic.com
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