Rutgers - New Jersey Medical School, Newark USA
Erasmus University Medical Centre & University of Amsterdam, Netherlands Netherlands
Eyad Mahmoud Altamimi
Mutah University Jordan
Tel-Aviv Medical center Israel
James B. McCarthy
Director of Field Training, Pace University USA
New York University, School of Medicine USA
Lawrence Dean Frenkel
University of Illinois USA
Miami Transplant Institute-University of Miami USA
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Pediatrics is the branch of medicine dealing with the care of infants, children and adolescents and the prevention and treatment of their diseases. Although most thinking and analysis of health care is taken from the adult health care system, issues surrounding pediatrics are unique and challenging and should be treated differently than adults.
A major challenge the pediatric healthcare community faces is in relation to Medicaid funding. While the cost of health care for most children is relatively low, those who require hospitalization or specialty care experience a tremendous increase in total cost. Additionally, with a focus on preventative medicine, more resources need to be allocated to pediatrics. Medicaid funding for children estimates about 20 percent of total funds, yet children make up about 60 percent of enrollees. Typically, nursing homes and geriatrics utilize the most Medicaid dollars but for a much smaller population. While healthcare reform is an ongoing issue, the unique needs of children need to be included.
As per WHO, 5.4 million children under the age of five died in 2017 out of which infant mortality accounted for 75% (4.1 million). While UNICEF agrees with the data, its reports highlight that newborn mortality is not decreasing as quickly as that for children 1 to 59 months. Some of the major causes of mortality rate are preterm birth complications, acute respiratory infections, and intrapartum-related complications. Pediatrics is the branch of medical science dealing with the care for infants, children, and adolescents and its market is propelling due to cumulative cases of deaths, obesity, and infectious diseases such as measles, diphtheria, pneumonia, and poliomyelitis in children.
Leading Health Care Services of Pediatric Market
In the IndustryARC’s research report, the pediatric market is segmented under services into interventional cardiology, imaging, monitoring and diagnostics. The United States dominates the pediatric interventional cardiology market owing to increasing cases of cardiac diseases among children. A study from the Centers for Disease Control and Prevention (CDC) estimated that there were nearly 900,000 children in the U.S with different types of heart conditions. Owing to such gigantic figures, interventional cardiology segment is forecast to stroke the pediatric market with abundant demand.
In terms of products, antibiotic drugs segment is leading the pediatric medical care market due to their extensive application and effectiveness in treating bacterial infections. As per a chart formulated by PubMed- a database maintained by The United States National Library of Medicine (NLM) at the National Institutes of Health, nearly 16% of febrile patients in the pediatric emergency department were diagnosed with a serious bacterial infection. Due to such percentage detection, antibiotics are poised with the potential to lead the market towards exponential growth.
Globally, guardians are extra cognizant about the health of their children. Subsequently, the pediatrics market is evolving at an enormous stride with companies penetrating to get a critical share of the domain. The phenomenon can be rightly justified of its importance with the fact that European Union has determined the pediatric market as an integral part of the overall development of the drugs industry.