Pediatric Healthcare Market Overview:
Assaying the market structure, this report accounts for the future growth potential of the market. It characterizes the strategies of the topmost market players in the market and supports the competitive developments like research & developments (R&D), mergers & acquisitions, new product developments, and joint ventures, in the market.
Pediatric Healthcare Market is expected to grow expected to reach US$ 63.6 billion by during the forecast period at CAGR of 4.1%.
The most relevant market driver for the pediatric healthcare market growth is the rising infant mortality rate in the African countries. Other factors leading to the pediatric healthcare pediatric healthcare market growth include decent technological advancement in the Middle East region, government initiatives to improve healthcare sector, heavy malnutrition, demand as well as initiatives to curb malnutrition, massive demand for pediatric medical devices, increasing birth defects among newborn, lack of awareness, increasing demand for pediatric medical devices, efforts by healthcare firms to create awareness among mothers in Africa, high incidence of chronic illnesses among children, high premature birth rate, and rising awareness regarding disease conditions among children.
Pediatric Healthcare Market Top Companies:
Big players in the pediatric healthcare market are Arabian Millennium Medical Trading (AMMT) (Dubai), AstraZeneca (UK), Bristol-Myers Squibb Company (USA), Eli Lilly & Company (USA), Janssen Global Services LLC (Belgium), King Faisal Specialist Hospital & Research Centre (Saudi Arabia), Novartis AG (Switzerland), and VPS Healthcare (UAE).
Pediatric Healthcare Market Segmental Analysis:
Middle East and Africa Pediatric healthcare Market has been segmented on the basis of type of diseases which comprise Short term diseases, chronic diseases, and others. Diarrhea and an increase in injury-related cases are more common in children, so chronic illness is projected to account for the largest share of the pediatric healthcare market. Children’s lower immunity leads to an increased demand for chronic disease services.
On the basis of Therapeutics which comprise cardiology, allergy and immunology, gastroenterology, infectious disease, and others. Due to numerous changes in childcare patterns, increased emissions and reduced immunity, an increase in the number of hospitals and clinics dedicated to childcare, and an increase in demand for the sector, the allergy and immunology segment generated the most revenue. On the other hand, metabolic disorders such as obesity and diabetes, which are caused by a sedentary lifestyle caused by a lack of proper food and physical activity, as well as an increase in childhood hunger, are fueling the segment’s development.
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Pediatric Healthcare Market Regional Overview:
A geographical outlining of the Middle East and Africa pediatric healthcare market covers the Middle East region and Africa region.
In the Middle East region, the major markets are Egypt, Saudi Arabia, UAE, Egypt, and others. Although geographically Egypt is located in Africa, this report categorizes it as a part of the Middle East Market.
The major factors that help the market to grow in the Middle East include the development of the healthcare system, increasing support by the government authorities for the development of novel therapies, an increase in education, and the rising importance of diagnosis as well as treatment of diseases. Observing the other countries of Middle East estimates sizable revenue contributions from these countries too.
In Africa, the market is small, but it has a huge potential to attain growth. Due to increasing health problems among infants and children, this region has a huge demand for pediatric medical devices. Not only many government organizations are engaged in the evaluation of healthcare conditions in Africa, but many healthcare firms are undertaking projects such as healthcare camps for women and children in this region. In this region, there is a possibility of South Africa becoming an important market, given the fact that Christian Barnard of this country was the first doctor in the world to perform a heart transplant.
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