What Has Been the Progress and Growth of the Pediatric Radiology Market in Recent Years?
The pediatric radiology market has seen considerable growth due to a variety of factors.
• The pediatric radiology market has seen substantial growth in recent years. It is expected to rise from $5.94 billion in 2024 to $6.29 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%.
This growth can be attributed to innovations in medical imaging, the increasing prevalence of pediatric diseases, heightened awareness and adoption, improved imaging quality and safety, as well as research and training focused on pediatrics.
What Is The Expected Growth In The Pediatric Radiology Market Size Evolve over the Forecast Period?
The pediatric radiology market is expected to maintain its strong growth trajectory in upcoming years.
• The pediatric radiology market is expected to grow to $7.9 billion by 2029 at a CAGR of 5.9%.
Growth factors include AI integration, telemedicine, precision imaging, value-based healthcare, and innovation in emerging markets. Significant trends include advancements in pediatric-specific imaging, AI and machine learning integration, point-of-care imaging, remote monitoring, and family-centered care.
What Main Forces Are Fueling Expansion In The Pediatric Radiology Market?
The rise in chronic conditions among children and adolescents is projected to bolster the pediatric radiology market growth. These long-lasting health complications need consistent medical intervention and restrict children's day-to-day activities. They are increasingly prevalent due to a mix of genetic predisposition, environmental influences, and shifts in lifestyle. Pediatric radiology plays a crucial role in these medical conditions by allowing for diagnosis, monitoring, and management of these ongoing health problems through imaging techniques such as X-rays, MRI, and CT scans. This invaluable data is critical for efficient treatment and care. For example, Asthma Australia, a not-for-profit organization, reported in November 2024 that over 31,000 hospitalizations were registered with a primary diagnosis of asthma in 2022-2023. Nearly 43% of these cases were in children aged 14 or younger. Consequently, the escalating number of chronic pediatric conditions is contributing to the expansion of the pediatric radiology market.
What Are The Primary Segments In The Global 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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What Trends Are Reshaping The Future Of The Pediatric Radiology Market?
Key companies in the pediatric radiology marketplace are exploring new product developments like miniature transesophageal echocardiography (TEE) ultrasound transducers. These advancements aim to increase diagnostic and treatment choices for smaller or more fragile patients, boost the accuracy of imaging, and elevate patient comfort and outcomes in general. Mini transesophageal echocardiography (TEE) ultrasound transducers are smaller imaging instruments designed to deliver clear images of the heart and its structures through the esophagus, hence boosting diagnostic and treatment capability for patients with varying sizes and health conditions. For example, in May 2024, the Netherlands-based corporation, Koninklijke Philips N.V. launched the X11-4t Mini 3D TEE transducer. This trailblazing transducer, intended to enhance patient comfort, extends the benefits of 3D transesophageal echocardiography (TEE) to previously overlooked patient groups, like small pediatric patients and adults at high risk of complications. This miniaturized transducer, which is 35% smaller, provides high-quality 3D imaging crucial for diagnosing and managing structural heart diseases, and assists in performing minimally invasive surgeries. When used with Philips’ EPIQ CVx and EchoNavigator systems, it provides top-tier imaging while reducing the need for general anesthesia and shortening recovery periods.
Who Are the Key Players In 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 Is The Most Dominant Region In 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.
