The global pediatrics market size was valued at USD X billion in 2022 and is poised to grow at a significant CAGR of X% during the forecast period 2023-29. The primary driver of the expansion of the global Pediatrics market includes the increasing number of deaths due to various diseases, infections, and malnutrition, increasing prevalence of chronic disorders, infectious diseases like pneumonia, diarrhoea, and malaria along with premature birth and birth-related complications. The global pediatrics market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In May 2022, Summus Global announced a collaboration with Boston children's hospital for virtual care. In Aug 2022, The Leukaemia & Lymphoma Society (LLS) announced that they will work to change the Pediatrics clinical trial model.

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The pediatrics market segmentation:
1) By Period of Disease: Long-term Disease and Short-term Disease
2) Therapeutics: Asthma & Allergies, Cardiology, Gastroenterology, Diabetes, Obesity, Cerebral palsy, Chronic illness, and Others
3) By Treatment: Medication, Immunotherapy, Dietary restrictions, Surgery, and Others.

Amongst periods of disease, short-term disease held a significant market share. The increase in short-term disorders in children and teenagers due to respiratory or ocular infections, gastrointestinal illnesses, diarrhea, and fever is fuelling the growth of the global pediatrics market. Chronic diseases like cerebral palsy, diabetes, asthma and allergies, obesity, and other neurological problems like depression and ADHD are growing profoundly in children aged 12 to 21. However, the increasing prevalence of deaths due to the transmission of viral infections and malnutrition is supporting the growth in the global pediatric healthcare market. The development of pediatric treatments and improvements in healthcare infrastructure are key opportunities for the global market.

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North America is expected to dominate the global pediatrics market in the forecasted years due to the unhealthy lifestyle, and prevalence of chronic and infectious diseases. Moreover, recurring investments through global players in the pediatrics sector for innovative medications and therapies are driving the market in this region. Asia Specific market registered significant market growth in 2021 and is expected to grow further in upcoming years owing to an increasing number of child deaths, malnutrition, and awareness related to pediatric diseases. 

The pediatrics market key players are Novartis, Abbott, GlaxoSmithKline, AstraZeneca, Johnson & Johnson, Sanofi, LLC, Eli Lilly, Merck and Company, and AxcanPharma.

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