Pediatric Healthcare Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.32 Billion |
| Market Size (2029) | USD 18.64 Billion |
| CAGR (2024 - 2029) | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Pediatric Healthcare Market Analysis
The Pediatric Healthcare Market size is estimated at USD 15.32 billion in 2024, and is expected to reach USD 18.64 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).
COVID-19 had significantly impacted the pediatric healthcare market due to the decline in pediatric services during the pandemic. For instance, according to the BMC study published in March 2021, the pandemic and public health restrictions have harmed children's health and mental well-being, which has been exacerbated by the difficulties in obtaining primary and community care. The impact on children with disabilities and chronic health conditions was greater and prompted child protection concerns for vulnerable children. Such studies highlighted the adverse impact of the outbreak on pediatric healthcare in the initial phase of the pandemic, thereby impeding the market growth. However, with the surge in vaccination programs globally and the resumption of pediatric care services and facilities, the market returned to its pre-pandemic levels of growth.
The major factors attributed to the growth of the pediatric healthcare market are a growing burden of diseases, viral infections, and malnutrition cases every year. For instance, according to Observer Research Foundation data published in December 2021, India has nearly 200 million undernourished people. Infectious disorders such as pneumonia, diarrhea, and malaria, as well as premature birth and intrapartum complications, continue to be the primary causes of death among children under the age of five around the world. Such a high burden of deaths creates the need for early proper preventive measures which is expected to drive the growth of the market.
Furthermore, favorable government support such as funding activities, combined with increased technological advancements, fuels the pediatric healthcare market. For instance, in October 2022, French government launched "immediate action plan" along with EUR 150 million (USD 155.4 million) funding for pediatrics. Also, in June 2021, the Finance Ministry in India invested over Rs. 23,220 crore (USD 285.6 million) funding for setting up pediatric facilities in hospitals. Hence, such initiatives are likely to support market growth over the forecast period.
However, the small size of the study population and ethical issues in pediatric research, along with complications associated with medicines in pediatrics, among others, may hinder the market growth.
Pediatric Healthcare Market Trends
Chronic Illness Segment Is Expected To Hold The Major Market Share Over the Forecast Period
The chronic illness segment is expected to hold a significant share of the pediatric healthcare market owing to the lower immunity of the pediatrics, leading to an increased demand for chronic disease treatment.
The growing burden of chronic diseases such as asthma and obesity, among others, creates the need for treatment. For instance, as per the article published in Experimental and Therapeutic Medicine Journal in August 2021, the incidence of pediatric psoriasis increases with age representing an increase from 0.55% in children aged 0-9 years to 1.37% in children between 10-19 years in the United Kingdom. Hence, this is likely to boost the adoption of treatment for treating psoriasis in children, which is projected to boost market growth.
Also, as per the Asthma and Allergy Foundation of America, 2021, about 5 million American children have asthma, and is the leading chronic disease in children. Also, as per the American College of Allergy, Asthma & Immunology 2022 data, about 26.5 million American adults have asthma, among which 6.1 million are children and its prevalence is higher in children (9.4%) than in adults (7.7%). Hence, such a huge prevalence of asthma among children is likely to create demand for advanced medicines, thereby contributing to the market growth.
In addition, the rise in drug approvals from the US FDA for the treatment of chronic conditions in children also contributes to the growth of the segment. For instance, in July 2021, the US FDA approved Novartis' Cosentyx (secukinumab) for the treatment of moderate to severe plaque psoriasis in pediatric patients aged six and older who are candidates for systemic therapy or phototherapy.
Therefore, owing to the above factors, the segment is expected to grow over the forecast period.
North America is Expected to Hold Significant Share and Expected to do Same Over the Forecast Period
North America is expected to hold a major share of the pediatric healthcare market due to the rise in the volume of pediatrics suffering from autism, respiratory disorders, cerebral palsy, and muscular atrophy, along with a steep rise in the adoption of advanced technologies in the United States, which holds the major revenue share of the market in North America.
For instance, according to the data updated by the CDC in October 2021, more than 40% of school-aged children and adolescents in the United States have at least one chronic health condition, such as asthma, obesity, and other medical disorders, or behavioral/learning issues. The high burden of pediatric diseases in the United States will lead to increased development and adoption of pediatric therapies in this country, driving the growth of this region.
Furthermore, the rise in government initiatives to create awareness for pediatric treatments and disorders, as well as increasing funding for pediatric diseases are likely to create new opportunities in the pediatric healthcare market in the region over the forecast period. For instance, according to the National Institute of Health report published in May 2022, the funding for pediatric diseases in the years 2020 and 2021 was USD 5,347 million and USD 5,465 million, respectively. The rise in funding for pediatric diseases in the United States will lead to a rise in the development of new therapies and, thereby, driving the market growth in this region.
Moreover, product launches for pediatric are also contributing to the market growth. For instance, in October 2021, the US FDA approved Rethymic for the treatment of pediatric patients with congenital athymia, a rare immune disorder. Rethymic is one of the first thymus tissue products approved in the United States. Therefore, the rising drug approvals in the United States are further boosting the market growth over the forecast period.
Hence, owing to the above-mentioned factors, this region is expected to witness significant growth.
Pediatric Healthcare Industry Overview
The pediatric healthcare market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market such as GlaxoSmithKline plc, Johnson & Johnson, Pfizer Inc, Procter & Gamble Company, Boehringer Ingelheim, Novartis AG, and Viatris Inc. among others.
Pediatric Healthcare Market Leaders
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GlaxoSmithKline plc
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Johnson & Johnson
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The Procter & Gamble Company
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Boehringer Ingelheim
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Novartis AG
*Disclaimer: Major Players sorted in no particular order
Pediatric Healthcare Market News
- In April 2022, Gilead opened a pediatric drug development center in Ireland. The new pediatric center out of Ireland will conduct pediatric clinical trials for seven products across 18 countries.
- In February 2022, Pfizer Inc., and BioNTech initiated a rolling submission seeking to amend the Emergency Use Authorization (EUA) of the Pfizer-BioNTech COVID-19 Vaccine to include children 6 months through 4 years of age, in response to the urgent public health need in this population.
Pediatric Healthcare Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Burden of Pediatric Diseases
- 4.2.2 Increased R&D Activities and Awareness of Pediatric Medicine Among Public
- 4.2.3 Increasing Availability of Advanced Technologies To Provide Continuous Care
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4.3 Market Restraints
- 4.3.1 Small Size of Study Population and Ethical Issues in Pediatric Research
- 4.3.2 Complications Associated with the Medicines
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Type
- 5.1.1 Chronic Illness
- 5.1.2 Acute Illness
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5.2 By Treatment
- 5.2.1 Vaccines
- 5.2.2 Drugs
- 5.2.3 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Abbott Laboratories
- 6.1.2 Viatris
- 6.1.3 Boehringer Ingelheim International GmbH
- 6.1.4 Eli Lilly and Company
- 6.1.5 Eisai Co.
- 6.1.6 GlaxosmithklinePlc
- 6.1.7 Gilead Sciences
- 6.1.8 Johnson & Johnson
- 6.1.9 Pfizer Inc
- 6.1.10 Sanofi S A
- 6.1.11 The Procter & Gamble Company
- 6.1.12 Novartis International AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityPediatric Healthcare Industry Segmentation
As per the scope of this report, pediatric healthcare is a branch of medicine that deals with the medical care, development, and related diseases of infants, children, and adolescents. The pediatric healthcare market grows significantly as children often suffer from gastrointestinal, allergic, respiratory, and other chronic diseases owing to their lower immunity. The Pediatric Healthcare Market is Segmented by Type (Chronic Illness and Acute Illness), Treatment (Vaccines, Drugs, Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Type | Chronic Illness | |
| Acute Illness | ||
| By Treatment | Vaccines | |
| Drugs | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Pediatric Healthcare Market Research FAQs
How big is the Pediatric Healthcare Market?
The Pediatric Healthcare Market size is expected to reach USD 15.32 billion in 2024 and grow at a CAGR of 4% to reach USD 18.64 billion by 2029.
What is the current Pediatric Healthcare Market size?
In 2024, the Pediatric Healthcare Market size is expected to reach USD 15.32 billion.
Who are the key players in Pediatric Healthcare Market?
GlaxoSmithKline plc, Johnson & Johnson, The Procter & Gamble Company, Boehringer Ingelheim and Novartis AG are the major companies operating in the Pediatric Healthcare Market.
Which is the fastest growing region in Pediatric Healthcare Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Pediatric Healthcare Market?
In 2024, the North America accounts for the largest market share in Pediatric Healthcare Market.
What years does this Pediatric Healthcare Market cover, and what was the market size in 2023?
In 2023, the Pediatric Healthcare Market size was estimated at USD 14.71 billion. The report covers the Pediatric Healthcare Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pediatric Healthcare Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the challenges faced in the Pediatric Healthcare Market?
The challenges faced in the Pediatric Healthcare Market are a) Increasing costs of medications, treatments, and technology place a burden on families and healthcare providers b) Shortage of qualified healthcare professionals
What are the challenges faced in the Pediatric Healthcare Market?
The challenges faced in the Pediatric Healthcare Market are a) Increasing costs of medications, treatments, and technology place a burden on families and healthcare providers b) Shortage of qualified healthcare professionals
Pediatric Healthcare Industry Report
The pediatric healthcare market is on a trajectory of significant growth, fueled by the rising incidence of chronic and acute illnesses among children and a heightened demand for efficient treatment modalities. This growth is further bolstered by advancements in pharmaceuticals and medical devices, leading to increased demand for innovative therapies tailored for the pediatric population. With the antibiotics segment capturing a considerable market share due to the widespread prevalence of bacterial infections among children, efforts to bolster pediatric healthcare facilities globally are in full swing. North America leads this expansion, due to to its strong healthcare infrastructure, hefty R&D investments, and proactive government policies aimed at enhancing pediatric healthcare outcomes. This market's dynamism is further enriched by pediatrician companies pioneering in the field, driving innovations to cater to the health needs of children across various stages of growth. Insights from Mordor Intelligence™ highlight this market's promising outlook, underscoring the pivotal role of these companies in shaping the future of pediatric healthcare. Get a sample of this industry analysis as a free report PDF download.
