Pediatric Drugs Market

The global Pediatric Drugs Market is valued at USD 133.2 Billion in 2023 and is projected to reach a value of USD 390.64 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 12.7% between 2024 and 2032

Market Synopsis

The Pediatric Drugs market focuses on developing medications specifically for children, from neonates to adolescents. The rising prevalence of both acute and chronic illnesses in children, this market provides treatments for a range of pediatric problems, including common illnesses, chronic diseases, and developmental abnormalities.

The market is driven by the rising incidence of pediatric health issues, increased awareness of children's healthcare needs promoting pediatric drug R&D. Arise in birth rates over the previous year and an increase in critical pediatric cases that result in fatalities from a range of illnesses, including viral infections, gastrointestinal disorders, lung cancers, and malnutrition drives the Pediatric Drugs market. For instance, according to the 2022 United Nations International Children's Emergency Fund (UNICEF) report, an estimated 4.9 million children under the age of five were projected to have died by that year, translating to approximately 134,00 deaths per day.

Stringent regulatory standards guarantee these medications' efficacy and safety. Government programs such as the Best Pharmaceuticals for Children Act (BPCA) and the Pediatric Research Equity Act (PREA) in the United States encourage pharmaceutical companies to focus on developing medications for pediatric patients by providing them with financial and regulatory support. These frameworks, which offer extended market exclusivity and accelerated review procedures, increase the appeal of pediatric medications for businesses.

Pediatric Drugs Industry Highlights

• In 2023, North America led the market, capturing 36.2% market share
• The Asia Pacific region is expected to grow at significant CAGR of 17.1% projected throughout the forecast period
• By Type, Respiratory Disorder Drugs dominated the market in 2023 with market share of 36.5%
• Oral Route of Administration leads the market with market share of 40.8% in 2023 due to its convenience, ease of administration, and high patient compliance
• Among various Distribution Channel, hospital Pharmacies segment accounted for the largest market share of 45.5% in the market for 2023 owing to the reliability, accessibility, and wide availability of pediatric drugs in hospital settings

Pediatric Drugs Market Regional Overview

North America led the market with 36.2% market share due to high prevalence of pediatric diseases, increased healthcare expenditure, and the strong presence of key pharmaceutical companies

• North America's strong foothold in the overall market is attributed to several factors, including advanced healthcare infrastructure, significant investment in research and development, and a high prevalence of pediatric chronic diseases
• Access to cutting-edge pediatric therapies is made easier in the United States in particular by the strong support networks that are in place, including comprehensive insurance coverage and pediatric hospitals with specialized care. Strong legislative frameworks and financial incentives, such as the Best Pharmaceuticals for Children Act (BPCA) and the Pediatric Research Equity Act (PREA), also push pharmaceutical companies to focus on developing drugs for children, which expands the market in this area
• North America is anticipated to dominate the pediatric drugs market due to the increasing volume of pediatric patient cases involving autoimmune disorders, respiratory disorders, cerebral palsy, and muscular atrophy
• The adoption of advanced technologies in the U.S., which holds the major revenue share in North America, significantly contributes to this dominance. For instance, according to an article, asthma is one of the most common chronic diseases in children worldwide
• The launch of new products by key players in the region for pediatric patients, increased government initiatives to raise awareness about pediatric medicines, and early approvals with accelerated drug approval initiatives by the USFDA are likely to create more opportunities in the market. For instance, in April 2024, the FDA has granted accelerated approval for tovorafenib (Ojemda) to treat patients with relapsed or refractory pediatric low-grade glioma (pLGG) that exhibits BRAF alterations, the most common type of brain tumor diagnosed in children

US Market Overview

The US Pediatric Drugs market, valued at USD 26.8 Billion in 2023 to USD 80.47 Billion in 2032, is anticipated to grow at a CAGR of 12.8% from 2024 to 2032.

• The United States market is distinguished by a strong infrastructure, cutting-edge medical research, and significant healthcare investment
• The increased incidence of both acute and chronic pediatric ailments, including asthma, diabetes, cancer, and congenital disorders, is a major factor propelling the market. Specific drugs that are adapted to each child's individual physiological and developmental requirements are required for these disorders
• The United States market is expected to expand as a result of rising healthcare costs and a greater emphasis on pediatric care. The detection and treatment rates of pediatric diseases have improved dramatically as a result of government initiatives and public awareness campaigns
• Technological developments that improve the efficacy and safety of pediatric therapies, such as customized medicine and innovative drug delivery systems, correspond with the increase in healthcare costs
• The market also benefits from a collaborative environment where healthcare providers, researchers, and advocacy groups work together to address the unique healthcare needs of children. This synergy is crucial in driving research, securing funding, and ensuring that children receive the best possible care

Pediatric Drugs Type Overview

Respiratory Disorder Drugs segment leads the market with market share of 36.5% in 2023 because of the high incidence of respiratory conditions in children, increasing air pollution levels, and growing awareness about early diagnosis and treatment of respiratory diseases

• Respiratory Disorder Drugs are primarily driven by the high prevalence of respiratory conditions such as asthma and bronchitis among children globally. Because these conditions require continuous care, there is a growing need for pediatric drugs that are specifically designed to address respiratory health issues
• In this crucial therapeutic area, pharmaceutical companies are concentrating on creating novel formulations and delivery systems to improve therapy efficacy and patient compliance
• Given the factors that contribute to chronic respiratory conditions like Asthma and Chronic Obstructive Pulmonary Disease (COPD), including weakened immunity, increased environmental pollution, and allergen exposure, the respiratory disorder drugs segment is expected to hold the largest share of the pediatric drugs market
• COPD, a significant contributor to the global pediatric healthcare burden, was reported by the World Health Organization in 2023 as the third leading cause of death worldwide, resulting in 3.23 million fatalities in 2019
• Given the increased need for efficient treatments to address these disorders, the rising prevalence of COPD in children is anticipated to propel market expansion over the course of the forecast period

Pediatric Drugs Market Trends

• Rising Incidence of Chronic Pediatric Conditions: There is a growing incidence of chronic pediatric conditions such as asthma, diabetes, and epilepsy among children. This trend is driving the demand for effective and safe pediatric medications to manage these long-term illnesses.
• Increased Adoption of Personalized Medicine and Targeted Therapies: There is a rising demand for personalized medicine and targeted therapies which tailors’ treatment to individual genetic profiles, is becoming more prevalent in pediatric care. Targeted therapies, designed to treat specific conditions with precision, are also gaining traction, leading to more effective treatments with fewer side effects for children.
• Innovative Drug Formulations Enhancing Medication Compliance: Innovations in drug formulations are making medications more palatable and easier to administer to children. This includes the development of liquid formulations, chewable tablets, and dissolvable strips that cater to the needs and preferences of young patients.
• Emphasis on Orphan Drug Development for Rare Pediatric Diseases: There is a growing emphasis on developing orphan drugs for rare pediatric diseases. These drugs, which may not be profitable due to the small number of patients, receive special incentives and expedited approval processes to address unmet medical needs.

Pediatric Drugs Market Dynamics

The increase in pediatric health issues, such as chronic diseases, allergies, and mental health conditions, is a significant driver in the market

Conditions like asthma, diabetes, childhood cancer, obesity, and ADHD are becoming more prevalent among children, leading to a higher demand for specialized medications and treatments. According to Nationwide Children's Hospital estimates from May 2023, approximately 90% of the 17,000 children diagnosed with cancer annually in the U.S. receive care through more than 1,000 medical research grants at 150 institutions and over 240 ongoing clinical trials funded each year. Among youngsters, obesity is one of the most common conditions. Data from the National Survey of Children's Health (NSCH) 2020–2021 show that American children between the ages of 10 and 17 are obese. The growing need prompts pharmaceutical companies to focus on developing effective and safe drugs tailored specifically for the pediatric population.

One of the primary restraints in the market is the limited market exclusivity that pharmaceutical companies often face

After a pediatric medication is created and approved, its patent may not be extended, which could result in the early release of generic substitutes. Due to the limited window of market exclusivity, corporations are discouraged from extensively investing in the development of pediatric drugs as there is little chance of recovering research and development costs. Additionally, the financial return on pediatric medications is often lower compared to adult medications due to the smaller patient population, further compounding this restraint.

Advancements in gene therapy present a significant opportunity in the market

Gene therapy presents the possibility of treating or perhaps curing hereditary problems that affect children by addressing the underlying genetic causes of illnesses, by addressing the underlying genetic causes of illnesses. Conditions that were previously incurable or only treatable with lifetime medicine can now be addressed with this novel technique. Advancements in gene therapy research could lead to major improvements in the quality of life for children suffering by rare pediatric disorders. Pharmaceutical companies that invest in and develop gene therapies for pediatric applications can address unmet medical needs, positioning themselves as leaders in this field.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Track market trends LIVE & outsmart rivals with our Premium Data Intel Tool: Vantage Point

Pediatric Drugs Competitive Outlook

The competitive landscape of the Pediatric Drugs market is characterized by the presence of both established pharmaceutical giants and emerging biotech firms. Major manufacturers like Pfizer, Novartis, GlaxoSmithKline, and Sanofi dominated the market offering wide range of pediatric pharmaceuticals in different therapeutic areas. To keep a competitive edge, these businesses rely on substantial financial resources, robust distribution networks, and considerable R&D skills.

The key players in the global Pediatric Drugs market include - Pfizer Inc., Novartis AG, Sanofi, AstraZeneca, Eli Lilly and Company, Bristol-Myers Squibb, Novo Nordisk A/S, Boehringer Ingelheim, Takeda Pharmaceutical Company, AbbVie Inc., Merck & Co., Johnson & Johnson, GlaxoSmithKline, Roche Holding AG, Teva Pharmaceutical Industries among others.

Pediatric Drugs Market Developments

• April 2024: FDA has granted accelerated approval for tovorafenib (Ojemda) to treat patients with relapsed or refractory pediatric low-grade glioma (pLGG) that exhibits BRAF alterations, the most common type of brain tumor diagnosed in children.
• February 2024: Harmony Biosciences Holdings, Inc. announced that the U.S. Food and Drug Administration (FDA) has granted priority review for its supplemental New Drug Application (sNDA) for WAKIX® (pitolisant) tablets. The application seeks approval for the treatment of excessive daytime sleepiness (EDS) or cataplexy in pediatric patients aged 6 years and older with narcolepsy.
• March 2024: FDA has approved rilpivirine (Johnson & Johnson) for use in combination with other antiretroviral therapies (ARVs) to treat HIV-1 in treatment-naïve children aged 2 years and older, weighing between 14 kg (30.86 lbs) and 25 kg (55.11 lbs).

The global Pediatric Drugs market can be categorized as Type, Route of Administration, Distribution Channel and Region.

Frequently Asked Questions (FAQs)

How big is the market? What will be the global Pediatric Drugs market size by 2032?

The global Pediatric Drugs market is valued at $ 133.2 billion in 2023 and is anticipated to reach $390.64 billion by 2032, growing at a CAGR of 12.7% from 2024 to 2032.

What is the most common pediatric drug?

Amoxicillin ranks as one of the most frequently prescribed medications for children. This antibiotic is both affordable and generally well-tolerated by pediatric patients.

What are pediatric drug doses best given based on?

Drug treatment in children differs from that in adults primarily because pediatric dosing is typically based on weight or surface area. Age-related differences in drug absorption, distribution, metabolism, and elimination necessitate unique doses and dosing intervals for children. Therefore, children do not receive adult doses, and it is incorrect to assume a child’s dose is a simple fraction of an adult’s dose (e.g., a 7-kg child does not need 1/10 the dose of a 70-kg adult).

What are the drug therapy problems in pediatrics?

In pediatrics, it is estimated that 20 to 50% of children experience drug therapy problems during hospital stays. Children, especially young ones, take substantial amounts of medication, and several studies indicate that drug-related problems in children are clinically significant and often preventable. The differences in pharmacokinetics and pharmacodynamics in children affect the choice of drug, dose, dosage form, and dosing interval.

What are common adverse drug reactions in pediatrics?

In pediatric prospective studies, most adverse drug reactions (ADRs) primarily affect the skin (rash, urticaria) and the gastrointestinal system (diarrhea, nausea, vomiting). However, systemic reactions and those involving the central nervous system can also occur.