The global pediatric influenza treatment market is set to experience steady growth over the next decade, with market size expected to rise from USD 578.2 million in 2022 to USD 847.7 million by 2032. This expansion represents a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2022 to 2032, according to the latest industry forecasts.
The increasing incidence of pediatric influenza, alongside heightened awareness about the importance of timely treatment, is driving the demand for pediatric influenza treatments. Influenza, commonly known as the flu, poses a significant risk to children, particularly those under the age of five, and can lead to severe complications if left untreated.
Key Factors Driving Market Growth:
- Rising Influenza Cases Among Children: The growing prevalence of influenza among children, particularly in developing and densely populated regions, is boosting demand for effective treatment options.
- Increased Awareness: Parents and healthcare providers are becoming more aware of the potential dangers of pediatric influenza, leading to a higher demand for antiviral medications and vaccines.
- Advances in Influenza Vaccines: Ongoing advancements in influenza vaccine development are improving the efficacy of treatments, contributing to market growth.
Industry Outlook: The pediatric influenza treatment market is expected to benefit from increased healthcare spending and government initiatives aimed at controlling influenza outbreaks. Collaboration between pharmaceutical companies, healthcare providers, and governments will play a crucial role in enhancing access to pediatric influenza treatments worldwide.
Influenza is also known as the flu. It is a sickness caused by a respiratory infection. The disease can spread quickly through groups as the infection is passed from individual to individual, especially children. Mainly caused by influenza A or influenza B virus, which happens in outbreaks worldwide consistently, primarily during the winter seasons in calm atmospheres. The disease goes ahead quick and is more exceptional than a cold. Children tend to feel more uncomfortable during the initial 2 or 3 days they’re affected.
Symptoms include high-grade fever up to 104 degrees F, chills and shakes during fever, extreme tiredness, headache and body aches, dry, hacking cough, vomiting and belly pain, and other symptoms. Flu causes an obvious infection trouble (e.g. school and expanded recurrence of outpatient therapeutic visits), and youngsters are critical vectors for the spread of ailment. Immunization is an essential general well-being measure for the anticipation of flu disease. However, professionally prescribed medications or antiviral medications additionally might be utilized for counteractive action in high-hazard patients who have not been inoculated or who may have an imperfect reaction to the immunization and can be utilized to treat flu or to prevent the flu in the pediatric influenza treatment market.
Treatment with antiviral therapeutic drugs may lessen additional serious influenza-related complications like pneumonia and hospitalizations. People can opt for approved antiviral medicines such as oseltamivir (Tamiflu) or zanamivir (Relenza). Other treatments proposed by healthcare professionals include plenty of rest, plenty of fluids, and usage of acetaminophen or ibuprofen to lower fever and ease aches.
Global Paediatric Influenza Treatment Industry: Drivers and Restraints
Antiviral prescriptions are viable for the counteractive action of flu, and, when utilized for treatment, can diminish the span and seriousness of the disease. Early antiviral treatment can decrease the danger of serious illness or death identified with flu. In any case, the development of imperviousness to at least one of the four authorized antiviral specialists (oseltamivir, zanamivir, amantadine, and rimantadine) among some flowing flu infection strains during the previous 5 years has confounded antiviral treatment and chemoprophylaxis suggestions.
Expanding indications of flu between the age group of 1 to 9 years coupled with a rise in the usage of antiviral drugs have added a major contribution to the overall growth of the market. Also rising approvals for medications such as Mainly three influenza antiviral medicines approved by the U.S. (FDA) are prescribed for use in the U.S. during the 2016-2017 flu season: oral oseltamivir (accessible as a generic drug or under the exchange name Tamiflu), zanamivir ( Relenza – trade name) and intravenous peramivir (trade name Rapivab).
These medications are artificially related antiviral drugs known as neuraminidase inhibitors that have action against both influenza A and B infections. Late innovative headways in restorative antiviral drugs for treating different types of this sickness have additionally caused an expanded request worldwide, which will keep on contributing towards the development of pediatric influenza treatment during the forecast period.
However, there are factors such as a limited number of treatment options in developing economies coupled with the high very high cost of branded drugs, expensiveness, and inefficient usage of low-cost non-prescribed drugs, less availability of antiviral drugs with improper guidelines in various regions, and monopoly of few players, which have impeded the growth of the market.
Pediatric Influenza Treatment Industry: Region-Wise Outlook
North America region is expected to witness faster revenue growth in comparison with markets in other regions. The reasons for the same are higher infection rates amongst children, higher cost of antiviral drugs, and a large population of patients of young age (1-9 years) suffering from pediatric influenza.
Higher awareness levels among physicians and frequent publication of results of upcoming treatments tend to create a positive sentiment in the region, which is absent in other regions such as the Middle East Africa, and Asia. Considerable research efforts toward the development of novel vaccines/drugs and innovative medication regimens are factors expected to aid the revenue growth of the market over the forecast years.
Global Paediatric Influenza Treatment Industry Key Players
A few key players in the global cervical dysplasia treatment market are GlaxoSmithKline Plc., NATCO Pharma Limited., NESHER PHARMS, F. Hoffmann-La Roche Ltd, Atabay Kimya Sanayi ve Ticaret A.S., Cipla, Hetero Pharma, Teva Pharmaceutical Pvt. Ltd., and Olainfarm JSC.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Aircraft Refurbishing Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Paediatric Influenza Treatment Industry: Segmentation
Based on the treatment type
- Adamantanes
- Amantadine & Rimantadine
- Neuraminidase Inhibitors
- Oseltamivir & Zanamivir
Based on the end-user
- Hospitals
- Clinics
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube