What Is The Current and Historic Market Size Analysis Of The Pediatric Imaging Market?
The pediatric imaging market has seen considerable growth due to a variety of factors.
• In recent times, there has been a substantial expansion in the pediatric imaging market. The market, which was valued at $9.68 billion in 2024, is expected to shoot up to $10.65 billion in 2025, with a compound annual growth rate (CAGR) of 10.0%.
Factors like heightened awareness concerning childhood ailments, rising need for early detection, increase in the number of children, government efforts towards child health care and the emergence of pediatric subspecialties in radiology have largely contributed to the growth witnessed in the historical period.
What Are The Predictions for The Pediatric Imaging Market Size In The Coming Years?
The pediatric imaging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of pediatric imaging is anticipated to witness a sharp increase in the upcoming years. It is predicted to escalate to a sum of $15.73 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%.
Factors contributing to this growth within the forecasted period include the shrinking size and increased mobility of imaging equipment, the application of artificial intelligence and machine learning in pediatric radiology, enhanced diagnostics through 3D and 4D imaging, advancements in pediatric telemedicine, and optimization of pediatric imaging workflow. The forecast period is also expected to see major trends such as low-dose imaging techniques, AI algorithms specifically designed for pediatrics, creating a more child-friendly atmosphere in imaging environments, increased parental engagement in pediatric imaging, and metrics to measure the quality of pediatric imaging.
What Are The Essential Drivers Behind The Growth Of The Pediatric Imaging Market?
An increase in pediatric diseases among children is projected to stimulate expansion in the pediatric imaging market in the future. Pediatric imaging is the practice of using cutting-edge technologies such as ultrasound, CT scans, X-rays, and other means to examine and diagnose young patient groups, identifying any irregularities in their bodies and establishing an effective treatment regimen. In pediatric nuclear medicine, imaging is used to detect serious, possibly life-threatening conditions in children, like cancer, that could be congenital, infectious, non-infectious, or a combination. For example, the National Cancer Institute, part of the U.S. Department of Health and Human Services, projected in August 2024 that an estimated 14,910 children and adolescents aged between 0 to 19 will be diagnosed with cancer in the U.S. by 2024. This will result in roughly 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. Hence, the growing number of pediatric diseases in children is motivating the expansion of the pediatric imaging market.
How Is The Global Pediatric Imaging Market Divided Into Key Segments?
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 Trends Are Reshaping The Future Of The Research Market?
Companies in the pediatric imaging market are consistently following the trend of technological advancement. Major players in this sector are focusing on the development of state-of-the-art products in order to consolidate their market standing. One such example took place in July 2023, when Eyas Medical Imaging, a precision imaging company based in the US, disclosed their first installation of a neonatal Magnetic Resonance Imaging (MRI) system known as the Ascent, at a hospital. The Ascent, which uses a 3 Tesla (3T) magnet, brings a new level of magnetic field strength to neonatal MRI systems. Thanks to a 3T magnet, healthcare professionals can make use of a sophisticated diagnostic instrument that renders thorough images of essential organs such as the brain, lungs, heart, and abdomen.
Who Are the Key Players 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 Regional Insights into 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.
