Global Pediatric Electrolyte Solution Market, by Type (Sodium, Chloride, Potassium, Calcium, and Magnesium), by Route of Administration (Oral and Injectable), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), 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), as highlighted in a new report published by Coherent Market Insights.
Rising cases of acute gastroenteritis is expected to augment the market growth
Rising incidence of acute gastroenteritis in children is expected to drive the pediatric electrolyte solution market growth. For instance, according to an article published by the National Center for Biotechnology Information (NCBI) in August 2020, in the U.S., viral infections are common with 75%-90% of infectious diarrhea cases caused due to rotavirus, norovirus, and enteroviruses.
Global Pediatric Electrolyte Solution Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in over 70.46 million infected individuals worldwide, as of December 13, 2020.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channel, and by its financial impact on firms and financial markets. Due to lockdowns, several countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of raw materials from one place to another.
Browse 28 Market Data Tables and 23 Figures spread through 145 Pages and in-depth TOC on “Pediatric Electrolyte Solution Market – by Type (Sodium, Chloride, Potassium, Calcium, and Magnesium), by Route of Administration (Oral and Injectable), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027”
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Key players in the market are focusing on novel product launches for pediatric electrolyte solution. For instance, in 2019, Kindrfarms launched Kinderlyte, an oral electrolyte solution for kids. This solution is used to deliver electrolytes to the bloodstream for rapid rehydration.
Key Takeaways of the Global Pediatric Electrolyte Solution Market: