Global Pediatric Electrolyte Solution Market to Surpass US$ 1,504.8 Million by 2027, Says Coherent Market Insights (CMI)
SEATTLE--(BUSINESS WIRE)--#Electrolyte--According to Coherent Market Insights, the global pediatric electrolyte solution market is estimated to be valued at US$ 987.7 million in 2020 and is expected to exhibit a CAGR of 6.2% during the forecast period (2020-2027).
Key Trends and Analysis of the Global Pediatric Electrolyte Solution Market:
Key trends in the market include rising incidence of diarrheal cases and rising number of product launches. Market players are focusing on product launches, which is expected to drive the market growth. For instance, in March 2020, Kindrfarms launched Kinderlyte Advanced, a new formula with greater amount of electrolyte concentration, in addition to Premax, a proprietary probiotic blend. This product is designed for all age groups, and is available in liquid and powder forms.
Moreover, increasing cases of diarrhea in infants and children due to lack of sanitation is expected to boost the market growth. For instance, according to an article published by the World Health Organization (WHO), in 2017, there were 780 million individuals with lack of access to improved drinking-water and 2.5 billion people with lack of improved sanitation, which led to diarrhea globally.
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Key Market Takeaways:
The global pediatric electrolyte solution market is expected to exhibit a CAGR of 6.2% during the forecast period, owing to rising incidence of diarrhea. For instance, according to an article published by the Centers for Disease Control and Prevention (CDC) in December 2015, diarrheal diseases account for 1 in 9 children’s death worldwide, making diarrhea the second leading cause of death among children under the age of 5.
Developed therapies in the market is expected to propel the market growth during the forecast period. For instance, according to an article published by the Our World in Data, an open access research journal, in August 2019, by oral rehydration therapy (ORT), the number of children saved from 1982 until 2019 could be more than 70 million.
Competitive Landscape:
Key players operating in the global pediatric electrolyte solution market include Mead Johnson, Abbott, Johnson and Johnson Services Inc., Otsuka Pharmaceutical Co., Ltd., Pendopharma, McKesson Medical-Surgical Inc., Good Sense (Perrigo Company plc), KINDERLYTE, Suero Oral Inc., and SOS Hydration.
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Market Segmentation:
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Global Pediatric Electrolyte Solution Market, By Type:
- Sodium
- Chloride
- Potassium
- Calcium
- Magnesium
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Global Pediatric Electrolyte Solution Market, By Route of Administration:
- Oral
- Injectable
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Global Pediatric Electrolyte Solution Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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Global Pediatric Electrolyte Solution Market, By Region:
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North America
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By Country:
- U.S.
- Canada
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By Country:
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Latin America
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By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
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By Country:
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Europe
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By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
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By Country:
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Asia Pacific
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By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
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By Country:
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Middle East
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By Country:
- GCC
- Israel
- Rest of Middle East
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By Country:
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Africa
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By Country/Region:
- South Africa
- Central Africa
- North Africa
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By Country/Region:
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North America
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
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