Future Outlook of the Pediatric Imaging Market: Growth, Trends, and Emerging Opportunities Explored
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How has the pediatric imaging market grown over the years?
There has been a substantial increase in the pediatric imaging market in the previous years. It is projected to expand from $9.68 billion in 2024 to $10.65 billion in 2025, with a compelling 10.0% compound annual growth rate (CAGR). The surge during the past period can be accredited to heightened understanding of diseases in children, escalated demand for preliminary diagnosis, rise in child population, governmental efforts towards child healthcare, and the advent of pediatric sub specialization in the field of radiology.
What Is the forecasted market size and growth rate for the pediatric imaging market?
The market size of pediatric imaging is anticipated to witness substantial expansion in the coming years, poised to reach a value of $15.73 billion in 2029 with a compound annual growth rate (CAGR) of 10.3%. Factors contributing to the growth in this forecasted period include the shrinkage and portability of imaging devices, the application of artificial intelligence and machine learning in pediatric radiology, the use of 3D and 4D imaging for improved diagnostics, the rise of pediatric telemedicine, and optimization of pediatric imaging workflow. Notable trends within this forecast period encompass low-dose imaging methods, pediatric-targeted AI algorithms, child-centric imaging atmospheres, parental participation in pediatric imaging, and quality measures related to pediatric imaging.
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What are the major factors driving growth in the pediatric imaging market?
The increased prevalence of childhood diseases is anticipated to fuel the expansion of the pediatric imaging market in the future. Pediatric imaging utilizes cutting-edge techniques like ultrasound, CT scan, and X-ray for diagnosing and scanning young patients to detect any irregularities in their bodies and to conceive an efficient treatment plan. This imaging technique in pediatric nuclear medicine contributes to pinpointing severe conditions in children that are either hereditary, infectious, non-infectious, or both, such as cancer. For example, the National Cancer Institute, a branch of the US Department of Health and Human Services, stated in August 2024 that approximately 14,910 children and adolescents aged 0 to 19 in the US will be diagnosed with cancer in 2024, leading to 1,590 fatalities. This includes 9,620 diagnoses and 1,040 deaths in children aged 0 to 14, and 5,290 diagnoses and 550 deaths in adolescents aged 15 to 19. Therefore, the increased incidence of pediatric diseases is driving the expansion of the pediatric imaging market.
What key areas define the segmentation of the global pediatric imaging Market?
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)
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What are the top market players propelling the growth of the pediatric imaging industry?
Major companies operating in the pediatric imaging market include Agfa-Gevaert NV, Analogic Corporation, CAN-med Healthcare, Canon Inc., Eastman Kodak Company, EDM Imaging Solutions, EOS imaging, Esaote SpA, FUJIFILM Holdings Corporation, Hitachi Medical Corporation, KARL STORZ Group, Koninklijke Philips N.V, LMT Medical Systems GmbH, Maranda Lauzon Inc., Medtronic plc, Mindray Medical International Limited, Samsung Medison Co. Ltd, Shenzhen Anke High-tech Co. Ltd, Siemens Healthcare GmbH, SternMed GmbH, Toshiba Medical Systems Corporation, Trivitron Healthcare Pvt. Ltd., Xi’an Mol Technology development Co., BK Medical UK Ltd., Boston Children’s Hospital, Children’s Healthcare of Atlanta Inc., Children’s National Hospital, Cincinnati Children’s Hospital Medical Center, Clarius Mobile Health Corp., CurveBeam AI Ltd., General Electric Company, Hologic Inc., InnoVision Ltd., Mednax Inc.
What are the key trends shaping the future of the pediatric imaging market?
The adoption of cutting-edge technologies is a significant trend among companies in the pediatric imaging market. Prominent enterprises in the pediatric imaging industry are concentrating on the development of technologically advanced offerings to establish a robust market presence. For example, Eyas Medical Imaging, a US-based precision imaging firm, announced in July 2023 their inaugural installation of the neonatal Magnetic Resonance Imaging (MRI) system, the Ascent at a hospital. The Ascent is powered by a 3 Tesla (3T) magnet, which offers unprecedented magnetic field strength in neonatal MRI systems. The presence of a 3T magnet provides an enhanced diagnostic tool that gives healthcare providers elaborate imaging of vital organs such as the brain, lungs, heart, and abdomen.
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What regions are dominating the pediatric imaging market growth?
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.
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