The Pediatric
Healthcare Market Size is expected to USD 63.6 billion and a CAGR of 4.1 % in
the forecast period.
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 Pediatric Healthcare 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
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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