Growing Market for Pediatric Clinical Trials: Drivers and Trends

Wednesday, 6 March 2024, 15:05

The global pediatric clinical trials market is expected to grow at a CAGR of 5.24% and reach USD 22.69 billion by 2030. The key drivers include the rising awareness about pediatric medicine, a shift towards CROs for conducting trials, and the increasing prevalence of diseases like diabetes among children.
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Growing Market for Pediatric Clinical Trials: Drivers and Trends

Overview:

A growing awareness about pediatric medicine, a shift away from conducting clinical trials in-house and toward contract research organisations (CROs), and an increasing burden of pediatric diseases like diabetes are the primary factors driving the expansion of the market for pediatric clinical trials.

Key Drivers:

  • Rising Awareness: Increased focus on pediatric medicine
  • Shift to CROs: Transition from in-house trials to contract research organisations
  • Disease Prevalence: Growing burden of pediatric diseases like diabetes

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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