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How Is The Pediatric Imaging Market Expected To Grow In Terms Of Size?
In recent years, the pediatric imaging market has seen a substantial growth. The size of the market is projected to expand from $9.68 billion in 2024 to $10.62 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth in the past include heightened awareness of diseases affecting children, a surge in the need for early diagnosis, an increase in the pediatric population, government-driven child healthcare initiatives, and the emergence of pediatric sub-specialization in the field of radiology.
The pediatric imaging market is anticipated to experience significant expansion in the coming years, with projections placing its worth at $15.6 billion in 2029, increasing at a compound annual growth rate (CAGR) of 10.1%. Factors contributing to this growth during the forecast period include the miniaturization and portability of imaging devices, the use of artificial intelligence and machine learning in pediatric radiology, the application of 3D and 4D imaging techniques for improved diagnostics, the rise in pediatric telemedicine, and optimization of pediatric imaging workflows. Key trends during this period are expected to be low-dose imaging methods, AI algorithms specifically catered to pediatrics, child-friendly imaging settings, the inclusion of parents in the pediatric imaging process, and metrics for measuring the quality of pediatric imaging.
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What Are The Primary Factors Supporting The Pediatric Imaging Market Expansion?
The increasing prevalence of ailments in children is anticipated to boost the expansion of the pediatric imaging market. Pediatric imaging involves the use of sophisticated technologies such as ultrasound, X-ray, CT scan, and others to identify and diagnose health issues in younger patients. This imaging, particularly within pediatric nuclear medicine, aims to detect critical conditions in children that could be congenital, infectious, non-infectious, or a combination of these, like cancer. As an example, the National Cancer Institute, a part of the US Department of Health and Human Services stated in August 2024 that it is projected that 14,910 children and adolescents aged 0 to 19 in the United States will be diagnosed with cancer in 2024. This is anticipated to cause 1,590 deaths, with 9,620 diagnoses and 1,040 deaths among children aged 0 to 14, and 5,290 diagnoses and 550 deaths among adolescents aged 15 to 19. Consequently, the increasing cases of pediatric ailments in children are contributing to the growth of the pediatric imaging market.
Which Segmentation Categories Are Highlighted In The Pediatric Imaging Market Analysis?
The pediatric imagingmarket 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)
Which Notable Trends Are Transforming The Pediatric Imaging Market Outlook?
Embracing technological upgrades is the predominant trend among companies operating in the pediatric imaging market. Various top-notch companies in the pediatric imaging sector are centering their efforts on the development of high-tech products to consolidate their market presence. For example, Eyas Medical Imaging, a US-based precision imaging company, in July 2023, reported the inaugural installation of its neonatal Magnetic Resonance Imaging (MRI) system, labeled as Ascent, in a hospital. The Ascent uses a 3 Tesla (3T) magnet, offering a level of magnetic field strength that was previously not available in neonatal MRI systems. This 3T magnet provision presents a more detailed and accurate diagnostic tool, giving medical professionals a detailed image of crucial organs such as the brain, lungs, heart, and stomach.
Which Organizations Are At The Forefront Of The Pediatric Imaging Market?
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.
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Which Geographic Regions Are Creating Strong Demand In 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.
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