The Pediatric Clinical Trials Global Market Report 2023 by The Business Research Company, provides pediatric clinical trials market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Pediatric Clinical Trials Global Market Report 2023, the market size is expected to grow from $15.39 billion in 2022 to $16.31 billion in 2023 at a compound annual growth rate (CAGR) of 6.00%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pediatric clinical trials market size is expected to reach $20.87 billion in 2027 at a CAGR of 4.81%.
The rise in pediatric cancer cases is expected to propel the pediatric cancer trials market going forward. Pediatric cancer refers to cancers that develop in children and adolescents under the age of 14. Pediatric cancers are extremely uncommon and their growth and dissemination patterns may be distinct from those of adult tumors. Pediatric cancer clinical trials continue to play a significant role in the advancement of prognosis and treatment.
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The pediatric clinical trials market is segmented:
1) By Phase: Phase I, Phase II, Phase III, Phase IV
2) By Study Design: Treatment Studies, Observational Studies
3) By Therapeutic Areas: Infectious Diseases, Oncology, Autoimmune Or Inflammatory Diseases, Respiratory Disorders, Mental Health Disorders, Other Therapeutic Areas
Product innovation are a key trend gaining popularity in the pediatric clinical trial market. Companies operating in the pediatric clinical trials market are adopting new innovative products to sustain their position in the market. For instance, in June 2022, The Leukemia & Lymphoma Society, a US-based voluntary health organization, launched Pediatric Acute Leukemia (PedAL) Master Clinical Trial. It is uniquely designed for pediatric acute leukemia where unique tumor biology of each child’s cancer is identified to help match them with the most promising treatment.
The pediatric clinical trials market report table of contents includes:
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Top Major Players
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