Coherent Market Insights published a business research report on Pediatric Clinical Trials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Pediatric Clinical Trials Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Clinical trial are important to generate evidence-based data and knowledge in medicine. Pediatric clinical trial are conducted on children in age group of 0 to 18 years, to develop novel drugs. Biotechnological and pharmaceutical industries and government bodies are focusing to improve R&D for pediatric population.
Impact of Covid-19:
The outbreak of COVID-19 has significantly affected clinical trials. In April 2020, Medidata Solutions, Inc. conducted a survey, where it was found that 63% respondents stopped recruitment of new participants for ongoing clinical trials, while 43% respondent decided to postpone their research. Factors that are considered for pediatric clinical drug trials include enrolling patients that are at high risk of severe infection of COVID-19 such as oncology pediatric patients was restricted. Studies related to immunosuppressive treatment eliminated patients with CIVID-19 infections. The lockdown restricted patients from going to the site of ongoing pediatric studies, which postponed the study for longer duration than anticipated.
Factors such as organizations offering juvenile formulation, advanced pharmaco metric modelling and clinical trial stimulation devices, and toxicology services in pediatric indications, moreover, adoption of growth strategies such as partnerships by market players to increase capabilities for pre-clinical research, are expected to boost growth of the global pediatric clinical trials market. For instance, in March 2020, Altasciences, a CRO in the U.S. and Canada partnered with Amador Bioscience, a CRO in China and the U.S., for expansion and promotion of procedures of drug development such as preclinical studies and for ealy-stafe clinical program in China and North America.
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Key players in the market are adopting various strategies such as collaborations and partnerships to enhance the efficiency. For instance, in April 2017, Charles River collaborated with Nimbus Therapeutics for the advancement of new programs in metabolic disorders, oncology, and immunology from discovery stage through to Investigational New Drug (IND) submission. In February 2020, WPD Pharmaceuticals Inc. collaborated with CNS Pharmaceuticals, Inc., to start a Phase I clinical trial in Poland for Berubicin in pediatric brain cancer.
The pre-clinical trial sector is expected to witness strong growth in the pediatric clinical trials market in 2020 due to safety and efficiency concerns about new molecules or medication, as all the new molecule have to go through pre-clinical research.
Randomized trial segment in study design type is expected to witness significant growth in the pediatric clinical trials market in 2020 due to elimination of bias clinical trials chances by randomized trial study design.
Neuropsychiatric condition segment among medical condition is expected to witness robust growth in the market of pediatric clinical trials in 2020 due to rising prevalence of mental diseases in adolescents and children.
Major players active in the global pediatric clinical trials market are IQVIA Holdings, Inc., Covance Inc., Pharmaceutical Product Development, LLC, Pfizer, Inc., GlaxoSmithKline plc., Sanofi S.A., Johnson & Johnson, Takeda Pharmaceutical Company Limited, , Syneos Health Inc., Charles River Laboratories International Inc., ICON plc, Genentech (F. Hoffmann-La Roche AG), Bristol – Myers Squibb, Novartis AG, Merck & Co., Inc., and Vertex Pharmaceuticals Inc.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Pediatric Clinical Trials Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Pediatric Clinical Trials Industry Impact
Chapter 2 Global Pediatric Clinical Trials Competition by Types, Applications, and Top Regions and Countries
2.1 Global Pediatric Clinical Trials (Volume and Value) by Type
2.3 Global Pediatric Clinical Trials (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Pediatric Clinical Trials Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Pediatric Clinical Trials Market Analysis
Chapter 6 East Asia Pediatric Clinical Trials Market Analysis
Chapter 7 Europe Pediatric Clinical Trials Market Analysis
Chapter 8 South Asia Pediatric Clinical Trials Market Analysis
Chapter 9 Southeast Asia Pediatric Clinical Trials Market Analysis
Chapter 10 Middle East Pediatric Clinical Trials Market Analysis
Chapter 11 Africa Pediatric Clinical Trials Market Analysis
Chapter 12 Oceania Pediatric Clinical Trials Market Analysis
Chapter 13 South America Pediatric Clinical Trials Market Analysis
Chapter 14 Company Profiles and Key Figures in Pediatric Clinical Trials Business
Chapter 15 Global Pediatric Clinical Trials Market Forecast (2021-2027)
Chapter 16 Conclusions
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