Market Trends of Pediatric Respiratory Disease Therapeutics Industry
This section covers the major market trends shaping the Pediatric Respiratory Disease Therapeutics Market according to our research experts:
The Asthma Segment is Expected to Witness Considerable Growth Over the Forecast Period
Asthma is the most common chronic respiratory disease affecting children globally. Asthma is a chronic (long-term) condition that affects the airways in the lungs. The airways of asthma patients can sometimes become inflamed and narrow. This makes it difficult for air to flow out of the airways when exhaling. Asthma is a major non-communicable disease (NCD) and can also affect adults.
The increasing number of pediatric asthma cases is one of the major drivers for the segment's growth. For instance, per the journal published by the ERJ open research in August 2022, a study based on the ISAAC questionnaire reported a prevalence rate of bronchial asthma of 13.1% in children aged 11 to 16 across the globe. Similarly, per the report published by the CDC in May 2022, 1 in 12, about 6.0 million children in the United States aged 0-17 years, suffer from asthma every year. Such instances indicate that the demand for asthma drugs and therapeutics is anticipated to increase, propelling segment growth.
The new product launch and approvals of drugs for treating asthma in children are also anticipated to propel the segment growth. For instance, in October 2021, the United States Food and Drug Administration (FDA) approved Dupixent (dupilumab) as an add-on maintenance treatment for patients aged 6 to 11 years with moderate-to-severe asthma characterized by an eosinophilic phenotype or with oral corticosteroid-dependent asthma. Similarly, in December 2021, AstraZeneca and Amgen's Tezspire (tezepelumab-ekko) has been approved in the United States for the add-on maintenance treatment of adult and pediatric patients aged 12 years and older with severe asthma.
North America is Expected to Witness Significant Growth Over the Forecast Period
North America is expected to dominate the overall pediatric respiratory disease therapeutics market over the forecast period. The factors driving the market are increasing cases of pediatric respiratory diseases, increasing research work, and continuous product launches and approvals. According to a report published by Asthma Canada in June 2021, more than 850,000 children under the age of 14 have asthma, making it the most common chronic disease among children and the leading cause of both school absenteeism and hospitalization in Canada. Similarly, as per the journal published by the CMAJ Group in May 2021, asthma is the most common chronic disease in children, with a prevalence of 15.0% to 25.0% in Canada.
Key product launches, high concentration of market players or manufacturer's presence, acquisition and partnerships among major players, and increasing cases of respiratory diseases and research works and clinical trials in the United States are some of the factors driving the growth of the pediatric respiratory disease therapeutics market in the country. For instance, in April 2021, Sanofi's Nirsevimab demonstrated protection against respiratory syncytial virus disease in healthy infants in the Phase 3 trial.
