Children often suffer from short term diseases related to respiratory or ocular infections. Apart from these, gastrointestinal infections accompanied by diarrhea and injury related disorders are common in children. Many times these are just short term diseases and treated on daily basis by pediatricians but treatment of these diseases consume large amount of time and financial resources of their parents and caregivers involved in primary care. Change in lifestyle has been a major factor for increased prevalence of such diseases.
While many are of short term nature, some chronic diseases such as asthma and allergies, diabetes, obesity, cerebral palsy and other neurological disorders such as epilepsy result in chronic illness which requires long term treatments.
Global pediatric healthcare market is expected to grow at CAGR of 7.2% from $65.8 billion in 2010 to $81 billion by 2013. At the same time chronic illness segment is expected to show CAGR of 8.6% and reach $59 billion market in 2013 from $46 billion in 2010. The growing demand of treatment options for chronic illness makes the pediatric healthcare market lucrative to invest, and this report helps to gain heads on the in depth analysis of various developments, market trends, drivers, restrains, opportunities , sales forecast and competitive landscape in this market.
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