Global Pediatric Clinical Trials Market 2021 is expected to register a CAGR of 14.5%, during forecast period with Impact of Covid 19 Analysis

Pediatric

Global “Pediatric Clinical Trials Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Pediatric Clinical Trials in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Pediatric Clinical Trials Market report categorizes the market based on manufacturers, regions, type, and application. Pediatric Clinical Trials Market reports offer a detailed assessment of the Pediatric Clinical Trials including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Pediatric Clinical Trials market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Clinical trials that are conducted on children for the R&D of new drugs are called pediatric clinical trials. The global pediatric clinical trials market is expected to register a CAGR of 14.5% during the forecast period of 2018–2023.

Shift of In-House Clinical Trials to CRO’s

Over the last decade, the pharmaceutical industry has been gradually shifting from in-house clinical research to contract research organization (CRO). Until the end of the 20th century, a majority of pharmaceutical companies structured out and executed clinical trials on their own, in their premises. Only small companies with fewer resources, in terms of money, manpower, and minutes outsourced their clinical research work to CROs.
Owing to the spread of clinical research from the United States and Europe to most parts of the world, the numbers of clinical research started increasing at a rapid rate. This gave rise to various problems for pharmaceutical companies, as they now had to conduct more trials in less time, in addition to other resources. To manage the workload, even the big companies started outsourcing their work to CROs. The advantage of not only curtailing the extra work but also the cost for R&D, proved to be a motivating factor for pharmaceutical companies for outsourcing. As a result, an increasing number of CROs were established in the recent past, which are working-hand-in-hand with the companies, to hasten the research and shorten the drug launch period. The ease of outsourcing clinical trials is boosting the practice of pediatric clinical trials and thereby, the market for the same. In the coming years, with increasing importance for pediatric medicine, the market for pediatric clinical trials is expected to record steady growth.
Increasing awareness about pediatric medicine, the need to effectively tackle diseases in children, FDA support for pediatric clinical trials research, and the increasing burden of pediatric diseases, such as diabetes, are some of the other factors contributing to the growth of the market.
Ethical Issues in Pediatric Research
The pediatric clinical trials involve a wide age group, ranging from preterm neonates to post-pubertal adolescents. This heterogeneous age group makes the ethical requirements complex. The major challenge is the lack of understanding of the ethical practices by children. It was observed that of 71% of the reported adverse drug reactions, only 2% of the trials involved safety monitoring committees. This resulted in the stringent requirement of an independent safety monitoring board, with pediatric expertise. Another major challenge for pediatric clinical trials is the ethical issues related to payment for participation.
Additionally, the relative rarity of pediatric diseases, the small size of study population, and lack of infrastructure in developing countries are also restraining the pediatric clinical trials market.

United States to have the Highest Share

The global pediatric clinical trials market is segmented by phase study, design, and geography. By geography it is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The pediatric clinical trials scenario in the United States has always been fluctuating since 2005. The number of clinical trials conducted on the pediatric population in the United States has been on a high from 2005-2009. However, from 2009-2011, almost an equal number of pediatric clinical trials were performed in the United States. After 2011, there was an exponential increase in pediatric research in the country. According to the clinicaltrials.gov, in 2013, more than 290 pediatric research procedures were conducted in the United States, which represented a large proportion of the global number of pediatric research procedures, more than 35% if quantified. The high number of trials and high cost per procedure and patient have largely contributed to the market in the United States.

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The global Pediatric Clinical Trials market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Pediatric Clinical Trials Market Report covers the Top Key-players in 2021:-

  • Quintiles Transnational Inc.
  • PAREXEL International
  • Pharmaceutical Product Development LLC
  • Covance Inc.
  • Charles Rivers Laboratories Inc.
  • Pfizer Inc. and CenterWatch

Highlighted points of Pediatric Clinical Trials Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Pediatric Clinical Trials Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Pediatric Clinical Trials? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Pediatric Clinical Trials Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Pediatric Clinical Trials Market? What Was Capacity, Production Value, Cost and PROFIT of Pediatric Clinical Trials Market?
  • What Is Current Market Status of Pediatric Clinical Trials Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Pediatric Clinical Trials Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Pediatric Clinical Trials Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Pediatric Clinical Trials Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Pediatric Clinical Trials Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Pediatric Clinical Trials Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Pediatric Clinical Trials Industry?

Key Developments in the Pediatric Clinical Trials Market:

  • February 2018 – PPD and Acurian introduced an innovative patient concierge service for clinical trials, which provides personalized support for patients and enhances retention for clients.

    Reasons to Purchase The Report

  • Market analysis for the global pediatric clinical trials market, with region-specific assessments and competition analysis on a global and regional scale.
  • Analyzing various perspectives of the industry with the help of Porter’s Five Forces Analysis.
  • Identify the treatment type that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).

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    Finally, the report Global Pediatric Clinical Trials Market 2021 describes the Pediatric Clinical Trials industry expansion game plan, the Pediatric Clinical Trials industry knowledge supply, appendix, analysis findings, and the conclusion.

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