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News

Diabetes and growth disorders help boost sales of paediatric hormone drugs

Kalorama Information : 06 February, 2008  (New Product)
The prescription paediatric drugs market will see modest annual growth of 3.2 percent to reach $43 billion by 2011 but the hormone drug segment, which has a market share of 11.7 percent , is expected to achieve the highest growth rate of 8.3 percent during the same time period says market research specialists Kalorama Information.
Kalorama ’s new report entitled 'The World Market for Pediatric Drugs' indicates that prescription paediatric drugs represent an enormous market, with manufacturer sales totalling $36.9 billion in 2006.

The high growth rate of the prescription hormone drug segment in the paediatric population, both domestic and worldwide, can be attributed to an increase in the incidence of diabetes, thyroid conditions, and growth disorders, as well as improved screening procedures, better products, availability, effectiveness, education and delivery techniques suitable for children.

Within the hormone segment, the highest growth rates are for antidiabetic agents and growth hormone drugs, at 9.1 percent and 14.4 percent respectively from 2004 to 2006 and estimated at 5.4 percent and 10.8 percent between 2006 and 2011.

“While the focus of most healthcare watchers has been the ageing of the world population, one must not forget that children number nearly 2.5 billion, or 40 percent of the humans on the planet,” according to Bruce Carlson, publisher of Kalorama Information. “Developers are starting to see that there is a large unmet need in paediatrics, especially in the hormone category.”



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