Key Trends and Insights into the Pediatric Imaging Market: Growth Rate and Opportunities to 2034
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What Future CAGR is Anticipated for the Pediatric Imaging Market Over the 2025–2034 Period?
In recent times, there has been a swift expansion in the size of the pediatric imaging market. The market, which was valued at $9.68 billion in 2024, is forecasted to ascend to $10.65 billion in 2025, registering a compound annual growth rate (CAGR) of 10.0%. The notable expansion in the past can be ascribed to the escalated awareness about childhood illnesses, a surge in the need for early detection, an increase in the pediatric populace, government-led child healthcare initiatives and the emergence of pediatric sub-specialization within the field of radiology.
In the coming years, the pediatric imaging market is projected to experience swift expansion. It is anticipated to swell to a value of $15.73 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.3%. Several factors driving the growth in this projected period include the miniaturization and portability of imaging equipment, the application of artificial intelligence and machine learning in pediatric radiology, advancements in 3D and 4D imaging for superior diagnostics, the increase in pediatric telemedicine, and optimized pediatric imaging workflows. Key trends for the forecast period feature low-dose imaging methodologies, AI algorithms attuned to pediatric needs, child-friendly imaging set-ups, increased parent participation in pediatric imaging processes, and metrics measuring the quality of pediatric imaging.
How Are the key drivers Contributing to the Expansion of the pediatric imaging Market?
The increasing prevalence of ailments in children is forecasted to fuel the expansion of the pediatric imaging market. Pediatric imaging involves the use of cutting-edge technologies like ultrasound, CT scan, X-ray, among others, to scan and diagnose younger patients. It aids in detecting any irregularities in children’s bodies and hence, facilitates the development of an effective treatment plan. Pediatric nuclear medicine imaging is instrumental in spotting potentially fatal conditions in children that could either be congenital, infectious, non-infectious, or a combination such as cancer. For instance, data from the National Cancer Institute, a branch of the U.S. Department of Health and Human Services, in August 2024 forecasted that about 14,910 children and adolescents aged between 0 to 19 in the US will be diagnosed with cancer, resulting in 1,590 deaths. Among these, 9,620 diagnoses and 1,040 deaths are projected in children aged 0 to 14, and 5,290 diagnoses with 550 deaths in the adolescent group aged 15 to 19. Thus, the upsurge in pediatric maladies is contributing to the growth of the pediatric imaging market.
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Who Are the Influential Players Fueling Innovation and Growth in the Pediatric Imaging Market?
Major companies operating in the pediatric imaging market include:
• Agfa-Gevaert NV_x000D_
• Analogic Corporation_x000D_
• CAN-med Healthcare_x000D_
• Canon Inc._x000D_
• Eastman Kodak Company_x000D_
What Impact Are Industry Trends Having on the Pediatric Imaging Market’s Future Prospects?
Firms operating in the pediatric imaging market are keeping up with the key trend of technological progress. Major players in this sector are keen on creating technologically superior products to solidify their market dominance. Eyas Medical Imaging, a U.S. based precision imaging company, for example, made public the inaugural installation of their neonatal Magnetic Resonance Imaging (MRI) system, the Ascent, at a hospital in July 2023. The Ascent incorporates a 3 Tesla (3T) magnet, a feature providing a magnetic field strength never before seen in neonatal MRI systems. This 3T magnet contributes to a more all-inclusive and accurate diagnostic instrument, supplying healthcare professionals with intricate imaging of crucial organs like the brain, lungs, heart, and abdomen.
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What Are the Main Segments of the Pediatric Imaging Market, and How Are They Evolving?
The pediatric imaging market covered in this report is segmented –
1) By Modality: Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-ray, Other Modalities
2) By Application: Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users
Subsegments:
1) By Ultrasound: 2D Ultrasound, 3D Ultrasound, Doppler Ultrasound
2) By Magnetic Resonance Imaging (MRI): Open MRI, Closed MRI, Functional MRI (fMRI)
3) By Computed Tomography (CT): Standard CT, Low-Dose CT, CT Angiography
4) By X-ray: Digital X-ray, Conventional X-ray, Fluoroscopy
5) By Other Modalities: Nuclear Medicine, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)
What Regions Are Leading the Growth Trajectory of the Pediatric Imaging Market?
North America was the largest region in the pediatric imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric imaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Are the Key Characteristics That Define the Pediatric Imaging Market?
Pediatric imaging is a non-invasive, cutting-edge technology that scans children’s health conditions in order to provide an effective treatment plan and anticipate a child’s health risk in the earliest stages of life in order to prevent medical issues in the adolescent period.
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