Market & Industry
There is an incredible market all over the nation for quality Pediatric businesses that specialize in working with children and in providing high-quality services. Through professional, consistent and accountable service delivery, Kidzcare Pediatrics creates an image and market reputation just with the way we do business – no one else does it the way that Kidzcare Pediatrics can. In addition, through advanced techniques, the customer is able to experience a patient experience which is pleasant, consistent and always professional.
According to RESEARCH AND MARKETS REPORT:
According to Global Industry Analysts, Inc. “The global market for Pediatric Drugs and Vaccines is forecast to reach $85 billion by the year 2017.”
The total pediatric healthcare market in USA is estimated at $186 Billion for 2012. Approximately $96 billion from Employee Sponsored Insurance (ESI), $78 billion from Medicaid Insurance, and $12 billion from uninsured self-pay patients is contributed to this growing market.
There are 75 million children in USA accounting for 24% of total US population (315 million) in 2013. They are primarily covered by either Employee Sponsored Health Insurance programs (41.4 million in 2010) or by federal-state sponsored Medicaid insurance programs (26.8 million in 2010) and approximately 7 million children were uninsured.
Health Care Cost Institute (HCCI) estimates that ESI covered 41.4 million children in 2010. Since 2007, the population of children covered by ESI declined 5.7%. HCCI found that insurers and beneficiaries spent $87.9 billion on health care for children in 2010. Since 2007, total health care expenditures on children grew 11.9 %. Americans spent over 31.1% of their health care dollars for children on teenagers and 31.4% on infants and toddlers.
Additionally, The HCCI reports annual per capital health care expenditures for children in the US in 2011 was $2,347 with an increase of 7.7% from 2010 to 2011.1 Furthermore, children with preexisting conditions will no longer be denied insurance which will increase the demand for pediatric care.
Contact the Kidzcare Pediatrics franchise department for additional details as well as access to our franchise division.