Pediatric is the branch of medicine that handles the medical care of children and infants. The specialists in this branch are called as pediatrician. It is recommended that people under age of 21 should be considered under pediatric care. Pediatrics is a new modern medicine of today’s society. Different treatment is necessary for growing and maturing organisms.
The pediatric healthcare condition of children can be categorized into chronic illness and chronic illness. Short term illnesses are temporary in nature and require considerable primary care of child during that condition. Chronic illnesses are serious and require large amount care and treatment. Some short term diseases are ocular infections, gastrointestinal infections, diarrhea or any injury. Some chronic diseases are asthma and allergies, obesity, diabetes, cystic fibrosis, malnutrition, cerebral palsy and other neurological disorders such as epilepsy.
In 2013, Global Pediatric Healthcare Market was estimated approximately USD 81 billion. It is expected to grow rapidly during the forecast period of 2016 to 2022. The common annual growth rate during the forecast period will be in good order. According to UNICEF, nearly 200 million children under age of 5 get affected by malnutrition each year. Increasing number of cases of diarrhea, malnutrition and other disorders in children is driving the growth of this market. In addition, increasing population using pediatric healthcare products and services provokes the market growth. The constant efforts of researchers and pediatric service providers to introduce effective and safe methods for patients will further emphasize the growth of this market. While some manufacturers offer innovative and interesting pediatric products and services which will help to attract more customers. The restraining factors will be higher cost of pediatric products, treatments & services and lack of awareness about pediatric healthcare in remote and rural areas.
The major market manufacturers of pediatric products and services are CORPAK Medsystems Inc., Abbott Nutrition, Baxa Corporation and Premier Inc., GE Healthcare. Geographically, the market is segmented into regions which are Eastern Europe (Poland, Russia), Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg), North America (U.S. and Canada), Latin America (Mexico, Brazil, Peru, Chile, and others), Middle East and Africa (GCC, Southern Africa, North Africa) and Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand). According to types, market is classified into products and services.