PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355633
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1355633
Pediatrics medicine, also known as pediatrics or pediatric medicine, is a branch of medicine that focuses on the medical care of infants, children, and adolescents. It is a specialized field that deals with the physical, mental, and emotional well-being of young patients, ranging from newborns to teenagers. Pediatricians are medical doctors who specialize in pediatrics and provide healthcare for children. They are trained to diagnose and treat a wide range of medical conditions that affect children, from common illnesses like colds and ear infections to more complex conditions such as asthma, diabetes, and congenital disorders. The special group of medicines known as pediatrics includes those that are given to individuals in the pediatric patient population for a variety of purposes. These medications are prescribed for a number of diseases, including anorexia, birth defects, asthma, and others. To improve R&D spending on pediatric medications, many statutes, including the Pediatrics Research Equity Act (PREA) and the Best Pharmaceuticals for Children Act (BPCA), have been passed. Increases in the incidence of diseases including diabetes and obesity in kids, as well as increased public awareness, are the factors driving the market's growth. Increased government spending and awareness initiatives are other factors driving growth in the sector.
Moreover, the rising research and development (R&D) spending in the pharmaceutical industry plays a significant role in supporting the growth of the Pediatrics Medicine Market. As per Statista, in 2020, the total overall R&D spending in the pharmaceutical sector accounted for USD 207 billion and it is projected to reach around USD 265 billion by the year 2025. Additionally, rising technological developments in the field of pediatrics medicine are anticipated to create lucrative opportunities for the market during the forecast period. However, the side effects such as headache along with anxiety stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Pediatrics Medicine Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing number of research and development activities, surging drug approvals and launches in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising pediatrics population, growing investment in the development of advanced technologies, growing pediatrics health issues, and cohesive government initiatives.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable