What Is The Pediatric Imaging Market Overview In 2022?
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The pediatric imaging market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Pediatric Imaging Market Size In 2022 And Forecast
The global pediatric imaging market is expected to grow from $7.01 billion in 2021 to $7.91 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The pediatric imaging market is expected to grow to $11.26 billion in 2026 at a CAGR of 9.2%.
The pediatric imaging market consists of sales of pediatric imaging devices by entities (organizations, sole traders, and partnerships) that are used for scanning and diagnosing organs, body parts, muscles, and others in smaller age groups of patients, such as infants, toddlers, fetuses, young adults, and others.
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Rise In The Number Of Pediatric Ailments Among Children Is Driving The Growth Of The Pediatric Imaging Market
For instance, according to the National Cancer Institute, a U.S. Department of Health and Human Services, in 2021 approximately 15,990 children in the age group of 0-19 years were diagnosed with cancer in the United States. Therefore, the rise in the number of pediatric ailments among children is driving the growth of the pediatric imaging market.
Competitive Landscape And The Regional Analysis Of The Pediatric Imaging Market
Major players in the pediatric imaging market are General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips N.V, FUJIFILM Holdings Corporation, Toshiba Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Canon Inc, Samsung Medison Co. Ltd, Hitachi Medical Corporation, Analogic Corporation, Esaote SpA, Medtronic plc, Mindray Medical International Limited, EDM Imaging, CAN-med Healthcare, EOS imaging, Philips Medical Systems Technologies Ltd., KARL STORZ Group, LMT Medical Systems GmbH, Maranda Lauzon Inc, SternMed GmbH, Trivitron Healthcare Pvt Ltd, X-MOL, and Shenzhen Anke High-tech Co. Ltd.
Additionally, as per TBRC’s research – North America was the largest region in the pediatric imaging market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Pediatric Imaging Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pediatric imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pediatric imaging market.
Technological Advancement – A Key Trend In The Pediatric Imaging Market
Major companies operating in the pediatric imaging sector are focused on developing technologically advanced products to strengthen their market position.
Pediatric Imaging Market Segmentation By The Business Research Company
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
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