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Pediatric Clinical Trials Market Growth Analysis, Opportunities Forecasts Report to 2028

 


Market Overview:

Pediatric clinical trials are generally designed and carried out with little children in mind. As with medical research with adults, however, it starts with a standard protocol and careful plan of study activities. But a pediatric clinical trial is also designed specifically with certain specific considerations in mind for children. Age, health, and symptoms of the child are among the most important considerations when determining which trials to conduct.  For infants, age is one of the main special considerations. Some clinical studies are only done on children as young as six weeks old. Because of this, parents should be made aware of the need to enroll their infant in any pediatric clinical trials. Special care should also be given to those with special needs, such as premature infants or very young children who are at higher risk of developing certain diseases. All these considerations must be taken into consideration before administering any medications to a child.

Key Market Drivers:

The increasing prevalence of pediatricians in the world is expected to augment the growth of the global pediatric clinical trials market. For instance, according to the American Academy of Pediatrics, there are more than 3810 pediatricians in the United States currently. Most pediatric clinical trials are conducted on healthy children who don't have any history of disease or other illness that might affect the drug. The drugs are typically administered by intramuscular or subcutaneous injection. But sometimes, intramuscular injections are not suitable, especially in very sick children or those with other health problems. Thus, it is necessary to carry out a trial that uses an aerosol spray. The high introduction of pediatric trials is estimated to enhance the growth of the global pediatric clinical trials market. 

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there was a boost in the number of clinical trials, which drove the growth in the global pediatric clinical trials market. There were some major developments in the market. For instance, in June 2020, Leukemia & Lymphoma Society (LLS) partnered with Children’s Oncology Group (COG) and National Cancer Institute (NCI) in order to launch a precision medicine for clinical trials related to children suffering from acute leukemia.

Key Takeaways:

·         North America is expected to dominate the growth of the global pediatric clinical trials market, owing to the increasing prevalence of key players in the region. For instance, in March 2021, Moderna Inc. announced the first participants dosed in Phase 2 of COVID-19 vaccine trials among the pediatric population.

·         The Asia Pacific is estimated to witness high growth in the global pediatric clinical trials market, owing to the high birth rate in the region. For instance, according to the United Nations International Children's Emergency Fund, around 25 million children are born every year in India.

 

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