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How Has the Pediatric Imaging Market Grown from 2024 to 2025?
The market size of pediatric imaging has seen quick expansion in the last few years. It’s projected to intensify from $9.68 billion in 2024 to $10.65 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.0%. The impressive growth during the historical period is a result of heightened awareness about diseases in children, an upswing in the demand for early disease detection, an increase in the pediatric demographic, government efforts towards child healthcare, and sub-specialization of pediatrics in the field of radiology.
What Growth Rate Is Anticipated for the Pediatric Imaging Market in the Coming Years?
The market size for pediatric imaging is predicted to have a swift expansion in the upcoming years, reaching $15.73 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 10.3%. The growth during the forecast period can be credited to the portability and miniaturization of imaging equipment, the use of AI and machine learning within pediatric radiology, the application of 3D and 4D imaging for improved diagnostics, the progress in pediatric telemedicine, and optimization of pediatric imaging workflow. Key trends that will emerge during this forecast period are the introduction of low-dose imaging methods, AI algorithms focusing on pediatrics, the creation of child-friendly imaging environments, the inclusion of parents in the pediatric imaging process, and the development of quality metrics for pediatric imaging.
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Who Are the Leading Companies in 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.
What Are the Key Drivers of the Pediatric Imaging Market?
The escalating prevalence of diseases among children is anticipated to spur the expansion of the pediatric imaging market. Pediatric imaging involves the usage of sophisticated technology like ultrasound, CT scans, X-rays, etc., to scan and diagnose younger patients, identify any inconsistencies in their bodies, and create an efficient treatment plan. It plays a critical role in pediatric nuclear medicine for determining life-threatening conditions in children, which can be congenital, infectious, non-infectious or a mix, such as cancer. For instance, as reported by the National Cancer Institute, a branch of the US Department of Health and Human Services, in August 2024, approximately 14,910 children and adolescents aged 0 to 19 in the United States are anticipated to be diagnosed with cancer, causing around 1,590 deaths. Out of these, 9,620 diagnoses and 1,040 fatalities are expected among children aged 0 to 14, and 5,290 diagnoses and 550 deaths among adolescents aged 15 to 19. Therefore, the increasing number of pediatric diseases among children is bolstering the growth of the pediatric imaging market.
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What Are the Key Market Segments in the Pediatric Imaging Industry?
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)
What Are the Latest Trends in the Pediatric Imaging Market?
The primary trend observed among businesses in the pediatric imaging market is the embrace of technological innovation. To consolidate their market presence, leading firms in the pediatric imaging industry are concentrating on the creation of high-tech products. For example, Eyas Medical Imaging, a prominent precision imaging company in the United States, revealed the inaugural installation of its neonatal Magnetic Resonance Imaging (MRI) system, the Ascent, at a hospital in July 2023. The Ascent utilizes a 3 Tesla (3T) magnet, offering a magnetic field strength previously unseen in neonatal MRI systems. The 3T magnet facilitates a more thorough and accurate diagnostic tool, allowing medical professionals to access detailed imaging of essential organs such as the brain, lungs, heart, and abdomen.
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What Are the Key Regional Markets in the Pediatric Imaging Industry?
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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This Report Delivers Insight On:
1. How big is the pediatric imaging market, and how is it changing globally?
2. Who are the major companies in the pediatric imaging market, and how are they performing?
3. What are the key opportunities and risks in the pediatric imaging market right now?
4. Which products or customer segments are growing the most in the pediatric imaging market?
5. What factors are helping or slowing down the growth of the pediatric imaging market?
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