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How has the pediatric clinical trials market grown over the years?

The market size of pediatric clinical trials has been on a sturdy and progressive upswing in the past few years. The market which stood at $17.41 billion in 2024 is projected to inflate to $18.45 billion in 2025 with a compound annual growth rate (CAGR) at 6.0%. Several factors have contributed to this growth in the historical period including regulatory stimulants, unresolved medical necessities, progress in pediatric medicine, worldwide public health strategies, ethical mandates, and pediatric immunization programs.

What Is the forecasted market size and growth rate for the pediatric clinical trials market?

The market size of pediatric clinical trials is predicted to witness robust growth in the forthcoming years. It is projected to expand to “$24.8 billion in 2029 with a compound annual growth rate (CAGR) of 7.7%. The upward trend during the forecast period can be credited to factors such as the implementation of real-world evidence, the discovery of pediatric biomarkers, the broadening of access programs, research in pediatric infectious diseases, and advancements in pediatric cardiology. The major trends projected for the forecast period include a shift towards patient-centric trial designs, the embracing of adaptive trial designs, the advent of digital health technologies, global collaboration and consortiums, along with advancements in pediatric oncology.

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What are the major factors driving growth in the pediatric clinical trials market?

The expected increase in pediatric cancer cases is predicted to stimulate growth in the pediatric clinical trials market. Pediatric cancer, an exceedingly rare condition, is typified by cancer development in children and adolescents below 14 years. The growth and spread patterns of these cancers might differ from adult tumors. Pediatric clinical trials remain a pivotal element in enhancing both prognosis and treatment strategies. For example, data by the American Cancer Society, a US-based voluntary healthcare organization, in January 2023, projected around 9,910 cancer diagnoses in US children below 15 years. Additionally, approximately 1,040 children under the age of 15 are anticipated to succumb to cancer in 2023. This, in conjunction with the escalating healthcare expenditure, underpins the pediatric clinical trials market’s growth.

What key areas define the segmentation of the global pediatric clinical trials Market?

The pediatric clinical trials market covered in this report is segmented –

1) By Phase: Phase I, Phase II, Phase III, Phase IV

2) By Study Design: Treatment Studies, Observational Studies

3) By Therapeutic Areas: Infectious Diseases, Oncology, Autoimmune Or Inflammatory Diseases, Respiratory Disorders, Mental Health Disorders, Other Therapeutic Areas

Subsegments:

1) By Phase I: First-in-Pediatrics Trials, Dose Escalation Studies, Safety And Tolerability Assessments

2) By Phase II: Efficacy Studies, Dose Optimization Trials, Pharmacokinetic Studies

3) By Phase III: Large-Scale Efficacy Trials, Comparative Studies, Long-Term Safety Studies

4) By Phase IV: Post- marketing Surveillance, Long-Term Safety Monitoring, Effectiveness Studies In Real-World Settings

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What are the top market players propelling the growth of the pediatric clinical trials industry?

Major companies operating in the pediatric clinical trials market include Medpac Inc., Pharmaceutical Product Development Inc., ICON plc, Syneos Health Inc., QPS Holdings LLC, Pfizer Inc., IQVIA Inc., Premier Research, Labcorp – Laboratory Corporation of America Holdings, The Emmes Company LLC, Synteract Inc., Charles River Laboratories International Inc., Covance Inc., Bristol-Myers Squibb Company, GlaxoSmithKline plc, BioNTech SE, Moderna Inc., Parexel International Corporation, PRA Health Sciences, Wuxi AppTec, Merck & Co. Inc., AstraZeneca plc, Sanofi S.A., Johnson & Johnson, Eli Lilly and Company, Takeda Pharmaceutical Company Limited, C.H. Boehringer Sohn AG & Co. KG, AbbVie Inc., Teva Pharmaceutical Industries Ltd., Oracle Health sciences

What are the key trends shaping the future of the pediatric clinical trials market?

One significant trend that is making waves in the pediatric clinical trial market is product innovation. In order to maintain their place within the market, firms involved in pediatric clinical trials are turning to inventive new products. To illustrate, The Leukemia & Lymphoma Society, an American voluntary health organization, unveiled the Pediatric Acute Leukemia (PedAL) Master Clinical Trial in June 2022. This trial is distinctively designed for pediatric acute leukemia, using the unique tumor biology of each afflicted child to best align them with a promising therapy.

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What regions are dominating the pediatric clinical trials market growth?

North America was the largest region in the pediatric clinical trials market in 2024. The regions covered in the pediatric clinical trials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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