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Pediatric Health Care Products and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Pediatric Health Care Products and Services Market: Overview

Pediatric healthcare products and services include medical care of children, adolescents and infants. The healthcare condition of children can be categorized into short term and chronic illness. Short term illnesses are transient in nature and require significant primary care of child during the diseased condition. These illnesses can treat and cure within 1-5 days. Chronic illnesses are more serious and generally demand more amount of money for the treatment.

The market of pediatric healthcare products and services market can be segmented as follows:

  • By Types
    • Short term illness (such as ear infection, upper respiratory infection and others)
    • Chronic illness (such as cystic fibrosis, diabetes, malnutrition and others)

Increasing population using pediatric healthcare products and services will drive the growth of this market. In addition, increasing number of cases of diarrhea, malnutrition and other disorders in children will demand utilization of pediatric products and services hence stimulates the market growth.

Pediatric Health Care Products and Services Market: Trends and Drivers

According to United Nations Children's Fund (UNICEF), there are 195 million children (less than 5 five years of age) affected by malnutrition every year. Thus, increasing cases of malnutrition in pediatric population propels the uptake of pediatric healthcare products and services and drives the market growth.

Additionally, consistent efforts of key players to introduce safe and effective feeding methods for pediatric patients will further accentuate the growth of this market. For example, CORPAK Medsystems, Inc., in collaboration with Baxa Corporation and Premier, Inc. developed CORFLO Anti-IV Enteral Feeding Tube and Baxa Exacta-Med Anti-IV enteral syringe. These devices are designed to prevent tubing misconnection issue and provide safety to pediatrics during the feeding process. Moreover, many manufacturers offer innovative and novel pediatric products that will further attract more customers. For example, GE Healthcare offers pediatric imaging services that provide comprehensive clinical insights without ionizing radiation and contrast injection. These types of launches will build healthy platform to attract more number of users and hence drives the market growth.

Furthermore, several organizations have published guidelines and strategies aiming to reduce pediatric medication errors which would ultimately increase the uptake of these products. For example, in 2008, The Joint Commission (TJC) has released document on preventing pediatric medication error.

This document provides an overview regarding pediatric mediation error rates and also discusses strategies to reduce pediatric mediation error. However, pediatric product lacks significant biocompatibility and safety criteria which may restrain the growth of pediatric products and services market. For example, most of the commercial pediatric products are for off label use and these products do not have Food and Drug Administration (FDA) approved under pediatric clinical trials. In addition, major challenge of this market is to design compatible pediatric devices that are easy to use and provides appropriate care to the pediatric patients.

Pediatric Health Care Products and Services Market: Regional Dynamics

Geographically, North America is considered to be the largest market of pediatric healthcare products and services owing to incessant launch of novel and advanced pediatric products by key players. Europe is considered as the second largest market of pediatric healthcare products and services. The growth is mainly attributed to increasing use of pediatric products and services by European people. In addition, Asia-Pacific region is the emerging market for pediatric healthcare products and services because of rising pediatric healthcare awareness among people.

Various key players contributing to the global pediatric healthcare products and services market includes GE Healthcare, CORPAK Medsystems, Inc., Abbott Nutrition and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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