Pediatric Clinical Trials Market, by Clinical Trial Phase (Pre-clinical, Phase I, Phase II, and Phase III), by Study Design (Treatment Studies and Observational Studies), by Medical Condition (Neuropsychiatric Conditions, Infectious Diseases, Maternal and Perinatal Conditions, Respiratory Diseases, Cardiovascular Diseases, Cancer, Digestive Diseases and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Pediatric clinical trials play a major role in modern healthcare, as pediatric clinical trials are the only criteria to launch new drugs in market for various indications that affect pediatric population. Clinical trials in children are essential to develop age-specific, empirically-verified therapies and interventions to determine and improve the best medical treatment available.
There is significant product pipeline under clinical stage of development due to unmet medical needs for pediatric patient population. A pediatric clinical trial could assist in determining the ideal dosage of a medication or vaccine for a child, or it could concentrate on creating an easier-to-swallow liquid formulation. Clinical trials involving children aid in the development of child-safe and -effective medications and vaccinations. A pediatric clinical trial could help develop the correct dose of a medicine or vaccine for a child, or it could focus on development of a liquid formulation that is easier to swallow. Participation from children in clinical trials helps develop medicines and vaccines that are safe and effective for children.
Market Dynamics
Increasing demand for new vaccines and other biologic products to prevent various infectious diseases such as measles, mumps, polio, tuberculosis, rubella, influenza, whooping cough, chickenpox, malaria, and streptococcal pharyngitis is expected to drive the market growth. For instance, according to the International Diabetes Federation’s (IDF) Diabetes Atlas 2020, around 463 million patients were suffering from diabetes worldwide in 2019. Of this, one million people (children and adolescents below 20 years of age) were suffering from type 1 diabetes.
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