Pediatricians Market Size, Share, Growth, and Industry Growth, By Type (Respiratory, Gastroenterology, Emergency, and Others), By Application (Less than 1, 1 to 4, 5 to 10, and More than 10), Regional Forecast To 2028

Updated On: 15 May 2023

REPORT OVERVIEW

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The global pediatricians market size was USD 161.8 billion in 2021 and the market is projected to touch USD 218.03 billion by 2028, with a growing compound annual growth rate (CAGR) of 4.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with pediatricians experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Pediatricians are doctors that treat diseases in children. They treat children from age groups less than 1 to above 20 years. They are also known as kids' doctors. It is a medical branch that includes the healthcare of infants, adolescents, children, and even young adults. A scarcity of kids' doctors was witnessed, which encouraged the students to pursue this stream of medical science and become a pediatrician. The rising population and infants are expected to lead the global pediatricians market growth. These doctors also focus on the physical and mental health of the children and try to decrease the infant and kids' death rates.

Pediatricians diagnose and treat various conditions and diseases among infants and children. They look after the children's injuries, genetic and congenital conditions, infections, organ diseases, and dysfunctions. They take care not only of the immediate management of the ill child but also of the after-effects on the health of the child. They are involved in the early detection, prevention, and management of problems that include behavioral problems, development delays, social stress, functional disabilities, and others.

COVID-19 Impact: Prevalence of Various Infections among Kids Boosted Growth

The market experienced an increase in service demand due to the public's increased concern for their health during the COVID-19 outbreak. The number of operations and surgeries performed worldwide increased due to the expanding concern for health and life. The pandemic increased the concern for kids' health, followed by isolation and lockdown. These elements boosted the pediatrician's demand and contributed to the market's expansion favorably. The rising cases of pandemics created greater concerns for kids, especially for infants, due to the parent's consciousness of their kid's health.

LATEST TRENDS

"Rising Concern for Child's Health to Boost the Market Growth"

The rising population is leading to a higher number of infants coupled with rising infections and diseases among children. Additionally, the prevalence of chronic illness is expected to augment the demand for pediatricians. The requirement for frequent health check-ups of children is increasing the market growth. The annual increase in fatalities from various illnesses, viral infections, and malnutrition are the main drivers driving the expansion of the pediatric healthcare market. For instance, according to projections made by UNICEF in December 2021, 5 million children under the age of five will have passed away in the year 2020.

Segmentation

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• By Type Analysis

By type, the market is segmented into respiratory, gastroenterology, emergency, and others.

The respiratory segment is estimated to dominate the market due to various changes in the healthcare trends for children and rising pollution resulting in lesser immunity.

• By Application Analysis

Based on application, the market is classified into less than 1, 1 to 4, 5 to 10, and more than 10.

DRIVING FACTORS

"Prevalence of Infections and Short-Term Illness to Augment Growth"

Children frequently experience short-term illnesses caused by an eye or respiratory infections. In addition to these, gastrointestinal illnesses with diarrhea and problems linked to injuries are frequent in kids. The majority of the time, pediatricians treat these conditions on a daily basis. However, the time and money spent on treating these conditions by the parents and other primary caregivers is considerable. A key contributing factor to the rise in the occurrence of these diseases has been a change in lifestyle. Many chronic diseases are of a short-term nature, but some, like diabetes, obesity, cerebral palsy, allergies, asthma, and other neurological disorders like epilepsy, cause chronic illness that necessitates long-term therapies.

"Rising Number of Infections among Children to Increase the Demand for Pediatricians"

The growing number of kids who are born with or later acquire musculoskeletal abnormalities such as trauma, fractures, cerebral palsy, Spina bifida, muscular dystrophy, peripheral neuropathies, and spinal muscular atrophy is a major factor driving the global pediatricians market growth. Additionally, expanding the availability and diversity of pediatrics also help the market for these devices increase. The demand for pediatric orthotics has increased as a result of the availability of more pediatric healthcare devices, including dynamic movement orthoses, sure step, pediatric walkaide, and others.

RESTRAINING FACTORS

"Ignorance of Pediatricians in Underdeveloped Countries to Hamper Growth in the Market"

The ignorance or low awareness of pediatricians in the region in underdeveloped economies may affect growth in the market. Poorly trained staff coupled with a lack of guidance is also estimated to limit the market growth.

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to Rising Injuries among Children"

North America is anticipated to hold approximately 36% of the total pediatricians market share due to rising incidences of injuries among children. Additionally, the availability of funds by the government is estimated to surge growth in the market.

Asia Pacific is likely to show commendable growth in the market owing to the region offering various opportunities for pediatric treatments. The region is forecasted to hold 32% of the total pediatricians market share. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new medications to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Cincinnati Children’s Hospital (U.S.)
• Boston Children’s Hospital (U.S.)
• Necker–Enfants Malades Hospital (France)
• Children’s Hospital Colorado (U.S.)
• Children’s Hospital Los Angeles (U.S.)
• Rady Children’s Hospital (U.S.)
• Queensland Children’s Hospital (Australia)
• Children’s Hospital of Fudan University (China)
• Children’s Hospital of Capital Institute of Pediatrics (China)
• King Faisal Specialist Hospital and Research Center (Saudi Arabia)
• Alder Hey Children’s Hospital (England)
• Addenbrooke’s Hospital (England)
• VPS Healthcare (U.A.E.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate pediatricians market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.