Pediatric Healthcare Market Oerview, Size, Value Share, Industry Segment and Forecast to 2027
Pediatric Healthcare Market
The Pediatric Healthcare Market is expected to USD 63.6 billion and a CAGR of 4.1 % in the forecast period.
Middle East And Africa Pediatric Healthcare Market Overview, By Type Of Diseases (Short Term Diseases, Chronic Diseases And Others), By Therapeutics (Cardiology, Allergy And Immunology, Gastroenterology, Infectious Disease And Others), By Treatment (Medication, Surgery, And Others).
The Middle-East and Africa Pediatric Healthcare Market has been evaluated as progressively growing market and it is expected that the market will continue to grow at same pace in the near future. Pediatric is field of medicine which concern with physical, mental and social health of infants, children and adolescents. Pediatric drugs manufacturers are investing in R&D to develop new drugs while pediatric equipment manufacturers are also developing innovative and technologically advanced products for the market. Many hospitals are providing wide range of healthcare services in Middle East and Africa region. Due to increase in per capita income, the spending on healthcare also increasing in this region. The diseases like diabetes, asthma, and obesity are rising rapidly that is major market driver for pediatric healthcare in this region. Improving healthcare infrastructure, top class medical facilities and availability skilled medical professionals are leading the growth for the pediatric healthcare market in this region. Government are also considering healthcare as priority and taking many initiatives to improve healthcare sector which is major driver for the market. Middle East and Africa is expected to grow by 10% annually and which is good factor for the growth of overall healthcare industry. Due to cost efficient and top class medical facilities, medical tourism is also rising in Middle East and Africa. Medical tourism also helps many industries to grow such as hotel industry, aviation industry, tourism and local vendors.
However, some facts are inhibiting the growth of the market in this region includes lack of responsiveness towards the pediatric healthcare due to lack of access to healthcare facilities and skilled medical professionals mainly in African countries etc.
Major Key Players:
There are plenty of large and small market players which operate in Key Market Players all over the Middle East and Africa region, such Novartis AG (Switzerland), AstraZeneca (UK), Janssen Global Services, LLC (Belgium), Eli Lilly and Company (US), Bristol-Myers Squibb Company (US), AMMT (Dubai), King Faisal Specialist Hospital and Research Centre (Saudi Arabia), VPS Healthcare (UAE)
Segment Analysis
Middle East and Africa Pediatric Healthcare Market Research Report 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.
On the basis of treatment, it segmented into medication, surgery, and others.
Regional Analysis
In terms of the Middle East and Africa sector, the UAE is thought to be the main market for pediatric healthcare in the Middle East and Africa. Furthermore, the Saudi Arabian market is expanding and is the world’s second-largest market for pediatric healthcare. Over the forecast era, the introduction of new products for pediatric patients by key players, an increase in government initiatives to raise public awareness about pediatric therapies and disorders, and changes in healthcare infrastructure are expected to create a new opportunity for the pediatric healthcare industry.
The main market for paediatric healthcare is the United Arab Emirates. Due to an increase in health problems among infants and children in Africa, there is a huge demand for paediatric medical devices. In a number of underdeveloped African countries, there is a lot of room for paediatric medical devices and nutritional products to expand. A number of government organizations are assessing healthcare conditions in Africa, and healthcare companies are providing items such as healthcare camps for women and children.
During the forecasted era, the Egypt market, on the other hand, is expected to rise at a steady rate in the Middle East and Pediatric healthcare. The demand in the rest of the Middle East and Africa is expected to rise slowly but steadily.
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