Pediatric Radiology Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What Growth Opportunities are Expected to Drive the Pediatric Radiology Market’s CAGR Through 2034?
There’s been a robust expansion in the pediatric radiology market in the past few years. The market size is expected to increase from $5.94 billion in 2024 to $6.29 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. This upward trend in the historical period is credited to advancements in medical imaging, the rising prevalence of diseases in children, enhanced awareness and uptake, improvements in the quality and safety of imaging, as well as research and training centered on pediatrics.
The market size for pediatric radiology is set to witness robust expansion in the upcoming years. The value of the market is predicted to reach $7.9 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.9%. The expected surge during the forecast period can be linked to the incorporation of artificial intelligence (AI), telemedicine, and remote imaging, as well as precision medicine, the transition towards value-oriented healthcare, and emerging market innovations. Notable trends for the forecast period comprise progress in pediatric-specific imaging procedures, adoption of artificial intelligence (AI) and machine learning, broadening of point-of-care imaging, remote tracking, telemedicine solutions, and a focus on patient-centric care along with family-oriented imaging.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Pediatric Radiology Market?
The rise in chronic conditions among children and adolescents is projected to bolster the pediatric radiology market growth. These long-lasting health complications need consistent medical intervention and restrict children’s day-to-day activities. They are increasingly prevalent due to a mix of genetic predisposition, environmental influences, and shifts in lifestyle. Pediatric radiology plays a crucial role in these medical conditions by allowing for diagnosis, monitoring, and management of these ongoing health problems through imaging techniques such as X-rays, MRI, and CT scans. This invaluable data is critical for efficient treatment and care. For example, Asthma Australia, a not-for-profit organization, reported in November 2024 that over 31,000 hospitalizations were registered with a primary diagnosis of asthma in 2022-2023. Nearly 43% of these cases were in children aged 14 or younger. Consequently, the escalating number of chronic pediatric conditions is contributing to the expansion of the pediatric radiology market.
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What Are the Leading Industry Players Dominating the Pediatric Radiology Market?
Major companies operating in the pediatric radiology market are:
• Samsung Electronics Co. Ltd._x000D_
• Hitachi Ltd._x000D_
• Siemens AG_x000D_
• General Electric Company_x000D_
• Toshiba Corporation_x000D_
What Are the Latest Trends Leading to Disruption in the Pediatric Radiology Market?
Key companies in the pediatric radiology marketplace are exploring new product developments like miniature transesophageal echocardiography (TEE) ultrasound transducers. These advancements aim to increase diagnostic and treatment choices for smaller or more fragile patients, boost the accuracy of imaging, and elevate patient comfort and outcomes in general. Mini transesophageal echocardiography (TEE) ultrasound transducers are smaller imaging instruments designed to deliver clear images of the heart and its structures through the esophagus, hence boosting diagnostic and treatment capability for patients with varying sizes and health conditions. For example, in May 2024, the Netherlands-based corporation, Koninklijke Philips N.V. launched the X11-4t Mini 3D TEE transducer. This trailblazing transducer, intended to enhance patient comfort, extends the benefits of 3D transesophageal echocardiography (TEE) to previously overlooked patient groups, like small pediatric patients and adults at high risk of complications. This miniaturized transducer, which is 35% smaller, provides high-quality 3D imaging crucial for diagnosing and managing structural heart diseases, and assists in performing minimally invasive surgeries. When used with Philips’ EPIQ CVx and EchoNavigator systems, it provides top-tier imaging while reducing the need for general anesthesia and shortening recovery periods.
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Which Market Segments Are Driving Strategic Growth and Trends in the Pediatric Radiology Market?
The pediatric radiology market covered in this report is segmented –
1) By Product Type: Ultrasound, Magnetic Resonance Imaging (MRI), X-Ray, Computed Tomography Scanner, Other Product Types
2) By Modality: Standalone Devices, Table-Top Devices, Portable Devices
3) By Application: Oncology, Orthopedics, Cardiology, Other Applications
4) By End-User: Hospitals, Pediatric Clinics, Diagnostic Centers, Other End-Users
Subsegments:
1) By Ultrasound: Portable Pediatric Ultrasound Machines, Pediatric Echocardiography Ultrasound
2) By Magnetic Resonance Imaging (MRI): Pediatric MRI Systems, Open MRI Systems For Pediatrics, MRI-Compatible Pediatric Equipment
3) By X-Ray: Digital Pediatric X-Ray Systems, Mobile X-Ray Systems For Pediatrics, Pediatric Fluoroscopy Systems
4) By Computed Tomography Scanner: Pediatric CT Scanners, Low-Dose CT Scanners For Pediatrics, 3D Imaging Pediatric CT Scanners
5) By Other Product Types: Pediatric Nuclear Medicine Systems, Pediatric Bone Densitometers, Pediatric Mammography Systems
Which Regions Are Significant to the Growth of the Pediatric Radiology Market?
North America was the largest region in the pediatric radiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric radiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Are the Core Features That Define the Pediatric Radiology Market?
Pediatric radiology is a specialized field of medicine focused on the imaging diagnosis and treatment of diseases, disorders, and injuries affecting infants, children, and adolescents. It involves the use of various imaging techniques, such as X-rays, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear medicine, to assess the anatomy, physiology, and pathology specific to pediatric patients.
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