The Pediatric Healthcare Market Landscape
Globally, children suffer from malnutrition, viral infections, and co-morbidity resulting from various diseases. Each of these contributes to growth in pediatric healthcare worldwide. UNICEF predicted that 5 million children less than five-years-old died in 2020 equalling 13,800 child deaths daily. The increase in childhood mortality from infectious diseases, pneumonia, diarrhea, malaria, or premature birth, for example, drive efforts to develop pediatric healthcare therapies and research solutions and thus fueling market growth.
Estimates suggest that the pediatric healthcare market is anticipated to grow at a compound annual growth rate of nearly 6.35% during the forecast period of 2022 to 2027.