Future Outlook of the Pediatric Radiology Market: Growth, Trends, and Emerging Opportunities Explored
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What key factors are powering the surge in the pediatric radiology market right now?
In recent times, the pediatric radiology industry has seen robust growth. Its size is projected to expand from $5.94 billion in 2024 to $6.29 billion in 2025, marking a compound annual growth rate (CAGR) of 5.9%. The growth during the historic period can be traced back to revolutionary medical imaging technologies, a rise in the occurrence of pediatric illnesses, increased awareness and acceptance, enhancements in the quality and safety of imaging, and a focus on research and training in pediatrics.
How fast Is the pediatric radiology market expected to grow, and what’s its future value?
The pediatric radiology market is projected to experience robust growth in the immediate future, predicted to expand to a value of $7.9 billion in 2029, with a compound annual growth rate (CAGR) of 5.9%. This anticipated swell over the forecast timeframe can be linked to factors such as the incorporation of artificial intelligence (AI), telemedicine, and remote imaging, personalized and precision medicine, the transition towards value-oriented healthcare, and pioneering innovations in burgeoning markets. Key market trends for the forecast duration will encompass enhancements in pediatric-centric imaging technologies, integration of Artificial Intelligence (AI) and machine learning capability, broadening of point-of-care imaging, remote supervision and telemedicine solutions, along with a focus on patient-centric care and family-focused imaging.
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What are the leading drivers of growth in the pediatric radiology market?
The escalation of chronic health conditions among children and teenagers is anticipated to stimulate the expansion of the pediatric radiology market. Chronic pediatric conditions are health complications in children and teenagers that last for a minimum of one year and require consistent medical care or interfere with daily routines. These conditions are escalating due to factors such as genetic tendencies, environmental influences, and lifestyle modifications. Pediatric radiology employs imaging techniques like x-rays, MRI, and CT scans to diagnose, track, and handle enduring health issues, providing invaluable data for efficient treatment. As an illustration, in November 2024, Asthma Australia, a non-profit organization based in Australia, reported over 31,000 hospital admissions due to asthma as the principal diagnosis in 2022-2023. Close to 43% of these cases involved children who were 14 years or less. As a result, the surge in chronic pediatric conditions is propelling the development of the pediatric radiology market.
What are the key segments defining 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
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Who are the key players steering the development of the pediatric radiology market?
Major companies operating in the pediatric radiology market are Samsung Electronics Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Agilent Technologies Inc., Hologic Inc., Shimadzu Corporation, Varian Medical Systems Inc., Cook Medical Inc., Agfa-Gevaert N.V., Neusoft Corp, Carestream Health Inc., Shanghai United Imaging Healthcare Co. Ltd., NuVasive Inc., Esaote S.p.A., Canon Medical Systems Corporation, OrthoPediatrics Corporation, Ziehm Imaging GmBH, Shenzhen Landwind Industry Co., DMS Imaging SA, Allengers Medical Systems Ltd., Mindray Medical International Ltd
What are the key trends shaping the future of the pediatric radiology market?
Prominent businesses in the pediatric radiology market are striving to innovate through the creation of products such as mini transesophageal echocardiography (TEE) ultrasound transducers. These devices aim to broaden diagnosis and treatment possibilities for smaller or more fragile patients, augment the accuracy of imaging, and better patient comfort and results. Mini TEE ultrasound transducers are petite imaging apparatuses engineered to offer intricate images of the heart and related structures via the esophagus, hence heightening diagnostics and treatment classifications across different patient sizes and states. For instance, in May 2024, Koninklijke Philips N.V., a conglomerate corporation hailing from the Netherlands, initiated the X11-4t Mini 3D TEE transducer. This state-of-the-art transducer prioritizes patient comfort and introduces the advantages of 3D TEE to underrepresented patient groups such as small pediatric patients or adults prone to complications. The downsized transducer, 35% smaller in size, provides intricate 3D imaging key for diagnosis and treatment of structural heart diseases and aids in performing less invasive surgeries. Additionally, it integrates well with Philips’ EPIQ CVx and EchoNavigator systems, delivering superior imaging whilst lessening the requirements for general anesthesia and shortening recovery periods.
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Which regions are most influential in expanding 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.
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