South Africa Pediatric Healthcare Market Report 2022 to 2030

South Africa Pediatric Healthcare Market Analysis

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South Africa pediatric healthcare market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Growth in the number of kids who need special care, greater knowledge of home healthcare, technological advancements, and rising disposable money are the market's main drivers. The life expectancy of newborns has increased as a result of improvements in medical intervention techniques. Some of the major key players in this market are Abbott, AstraZeneca, GlaxoSmithKline, Merck & Co., etc.

ID: IN10ZAPH359 CATEGORY: Pharmaceuticals GEOGRAPHY: South Africa AUTHOR: Vidhi Upadhyay

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South Africa Pediatric Healthcare Market Analysis Summary

South Africa Pediatric Healthcare Market is valued at around $87.7 Mn in 2022 and is projected to reach $143.4 Mn by 2030, exhibiting a CAGR of 6.34% during the forecast period 2023-2030.

A subspecialty of medicine known as pediatric healthcare is dedicated to the treatment of disorders that affect newborns, children, and adolescents as well as their growth and development. Due to children's lowered immunity and frequent gastrointestinal, allergy, respiratory, and other chronic illnesses, the pediatric healthcare industry is expanding significantly. The prevalence of illnesses, viral infections, and malnutrition cases is on the rise each year, and these causes are largely responsible for the expansion of the pediatric healthcare market. For instance, India has almost 200 million undernourished individuals, according to research from the Observer Research Foundation that was released in December 2021. Premature birth and intrapartum complications, along with infectious diseases like pneumonia, diarrhea, and malaria, continue to be the leading causes of death among children under the age of five worldwide. Due to the high fatality rate, early and effective preventive actions are required, which is projected to fuel market expansion. The market for pediatric healthcare is also fueled by favorable government support, such as funding initiatives, together with accelerated technical improvements. Growth in the number of kids who need special care, greater knowledge of home healthcare, technological advancements, and rising disposable money are the market's main drivers. The life expectancy of newborns has increased as a result of improvements in medical intervention techniques. The major key players in this market are Abbott, AstraZeneca, GlaxoSmithKline, Merck & Co., Pfizer, Sanofi, Perrigo, Mead Johnson, and Danone.

Market Dynamics

Market Growth Drivers

Children are more frequently suffering from injuries-related illnesses, diarrhea, and chronic illnesses, all of which require long-term or short-term treatments that take time. As childcare practices evolve, the prevalence rate of pediatric diseases increases. These elements are anticipated to support the pediatric healthcare market's expansion for the forecast year. However, the incidence of other diseases such as Attention Deficit Hyperactivity Disorder (ADHD) and Autism Spectrum Disorder (ASD) as well as the rates of diagnosis remained on the rise. People consequently grew more aware of the situation. Due to rising awareness and diagnosis, there is a greater need for pediatric healthcare globally, which has led to increased industry investment and growth in the pediatric healthcare market.

Market Restraints

Parkinson's disease currently has no known cure, only symptomatic relief from therapy. The market is severely constrained by the absence of disease-modifying treatments because patients and healthcare professionals are still looking for more potent therapeutic options. Strict rules and approval procedures apply to the pharmaceutical and healthcare industries. Before authorizing novel therapies, regulatory organizations like the U.S. Food and Drug Administration (FDA) demand thorough clinical trials and safety information. These legal requirements may cause market entry delays and raise development expenses.

Competitive Landscape

Key Players

Abbott
AstraZeneca
GlaxoSmithKline
Merck & Co.
Pfizer
Sanofi
Perrigo
Mead Johnson
Danone

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

South Africa Pediatric Healthcare Market Segmentation

By Type

Vaccines
Drugs
Nutritional
Other

By Application

Prophylactic Products
Therapeutic Products
Other

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online pharmacies

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.