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I AgreeAnalysis of Pediatric Imaging market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global pediatric imaging market is valued at US$ 8.2 billion in 2022 and is predicted to reach US$ 15.2 billion by the end of 2030.
Global sales of pediatric imaging systems are likely to rise at a high-value CAGR of 8% from 2022 to 2030. This can be attributed to ongoing attempts initiated by respective governments to raise awareness and expand the use of innovative pediatric imaging systems, rising rates of surgical procedures, and growing demand for advanced healthcare practices in pediatric care.
Demand for diagnostic ultrasound tools is predicted to increase at an impressive CAGR of 8.6% during the next 8 years. This can be ascribed to factors such as the accessibility of imaging technologies, presence of qualified specialists, and the regular introduction of advanced imaging systems designed especially for pediatric patients.
Pediatric radiology is a branch of diagnostic imaging that treats acquired disorders in children, babies, neonates, and youngsters (under the age of 21). It uses nonionizing radiation for its particular imaging procedures. As children are more vulnerable to the harmful effects of radiation than adults and because there is a possibility of cancer development, pediatric radiology is focused on using the lowest amount of radiation possible.
Diagnostic equipment used in the pediatric radiology market includes X-rays, MRIs, nuclear medicine, ultrasounds, pediatric brain imaging, and computed tomography (CT). They can more quickly and accurately detect the illnesses, such as pneumonia and burst appendices, the effects of an injury, or any type of tumours that pediatric patients may have.
Ionizing radiation is used in pediatric X-ray imaging to produce two-dimensional images of a child's internal organs. To create X-ray images, different tissue absorbs radiation in different ways that are monitored by a detector.
Rising prevalence of chronic diseases in children, such as anaemia, asthma, chickenpox, diphtheria, leukaemia, measles, mumps, pneumonia, TB, whooping cough, and Lyme disease, is one of the main drivers fueling the market's expansion.
Pneumonia is one of the most prevalent chronic diseases in children, which is driving up the demand for pediatric diagnostic imaging. In addition, factors including rising heart disease and technological improvements are anticipated to support the pediatric medical imaging market's growth.
Congenital cardiac defects are the most common birth defect.
Along with all the above-mentioned factors, various skin-related disorders in babies, such as dermatitis, acne, sunburns, and more, are expected to support the infant dermatology diagnostic devices market growth.
Report Attributes |
Details |
---|---|
Pediatric Imaging Market Size (2022E) |
US$ 8.2 Billion |
Forecasted Market Value (2030F) |
US$ 15.2 Billion |
Global Market Growth Rate (2022-2030) |
8% CAGR |
China Market Value (2030F) |
US$ 3.3 Billion |
China Market Growth Rate (2022-2030) |
11.7% CAGR |
Share in Diagnostic Imaging Market (2022) |
29% |
Key Companies Profiled |
|
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“High Demand from Hospitals to Increase Patient Safety and Reduce Stay Time & Treatment Costs”
The use of novel pediatric imaging technologies in hospitals and pediatric imaging centers, among other healthcare settings, is predicted to have a major impact on the demand in the pediatric imaging market in both developing and developed countries.
These developments dramatically improve patient safety, cut down on turnaround time and hospital stays, and lower total treatment costs. With the introduction of next-generation microchips, it is projected that the overall cost of sophisticated technologies would decline, accelerating the uptake of imaging equipment, particularly in developing nations.
“Inability of Pediatric Patients to Verbally Express Pain & Rising Cases of Premature Births Driving Demand for Novel Pediatric Imaging Systems”
Some of the factors fueling the demand for innovative pediatric imaging systems are the increasing number of preterm births, the rising frequency of pediatric disorders, and the increased demand for preventative care and imaging solutions.
The adoption of efficient pediatric imaging solutions is considerably increased by pediatric patients' inability to communicate specific difficulties. Additionally, as the prevalence of birth abnormalities rises, efficient imaging methods are needed to reduce the consequences.
“New Manufacturers Should Focus on Developing Advanced Imaging Systems for Comfort of Pediatric Patients”
Increased spending on advanced technologies & imaging systems released by key market players is the two variables anticipated to positively generate opportunities in the pediatric imaging market.
Newcomers should be focused on producing innovative and advanced pediatric imaging systems as per end users’ needs to maintain market position and boost their revenue share.
Imaging tests might be among the most traumatic experiences a child and their parents have while undergoing medical treatment. It is difficult for medical personnel to help pediatric patients remain calm and steady throughout the scans.
Sometimes there is a need for additional scans, which results in an estimated 20%–30% of scans, or for sedation, both of which have potential long-term health hazards such as slowed brain growth. Thus, there are lots of opportunities for innovations in the field of pediatric MRI market.
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“North America Leads Pediatric Imaging Sales Due to Favorable Reimbursement Policies and Rising R&D Activities”
Due to favorable reimbursement policies, rising research, and innovative activities, North America currently dominates the global pediatric imaging market.
Another important element supporting the market growth is the Children's Health Insurance Program (CHIP), which provides medical coverage for pediatric patients in the U.S. and includes imaging services.
Over the projection period, the Asia Pacific market is predicted to increase at a profitable pace. The high growth rate in the regional market is mostly attributed to market players’ reach towards developing nations, the rising prevalence of pediatric disorders, and supportive respective government policies for paediatric care.
“Advancements in Pediatric Imaging Technologies Surging Sales Graph”
The United States accounts for a lion’s share of the North American market. Presence of key players, technological breakthroughs, and rising cases of premature births are all boosting sales in the pediatric imaging market.
The development of the market in the country is being aided by the introduction of new technologies.
“Advancing Healthcare Facilities & Government Support Through Funding”
Sales of pediatric imaging systems are expected to rise at a significant CAGR of 11.7% from 2022 to 2030.
China's market is anticipated to increase significantly as a result of expanding government funding and innovative technological developments in diagnostic imaging services. Since it considerably reduces scanning and waiting times, portable diagnostic equipment (such as portable pediatric X-ray systems) is becoming more and more popular.
Furthermore, the major factors propelling the growth of the pediatric imaging market are the vast patient pool, a greater understanding of pediatric illness, and the developing healthcare infrastructure in the country.
“High Demand for Pediatric MRIs Due to Rising Prevalence of Pediatric Disorders & Premature Births”
Global sales of pediatric MRIs are predicted to rise at a strong CAGR of 8.4% from 2022 to 2030 and will reach US$ 5.1 billion by 2030.
A strong magnetic field, radio waves, and a computer are all used in pediatric magnetic resonance imaging (MRI) to provide precise images of the inside body structures. For a range of disorders affecting the brain, chest, belly, pelvis, and limbs, MRI may be utilised to aid in the diagnosis or track the progress of treatment.
Demand for pediatric MRIs may be due to elements including the increased incidence of pediatric disorders, the development of pediatric imaging techniques, and the rise in international partnerships, product launches, and approvals aimed at improving pediatric care.
The need for magnetic resonance imaging devices is also being driven by the rising incidence of premature births.
Thus, the demand for pediatric MRIs is rising due to the growing need of advance diagnosis.
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The market for pediatric imaging is relatively competitive due to the existence of numerous major international and local industry participants. Few big firms presently control the majority of the market in terms of market share.
New products are being introduced by certain major businesses, while others are in favour of distribution. Esaote SpA, Siemens AG, Hitachi Ltd, Canon Inc., and Koninklijke Philips N.V. are some of the key players in the pediatric imaging market.
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Global demand for pediatric imaging systems is expected to rise at a CAGR of 8% from 2022 to 2030.
Sales of pediatric ultrasound systems are predicted to increase at an impressive CAGR of 8.6% through 2030.
The pediatric imaging market is projected to reach US$ 15.2 billion by 2030.
Currently, the pediatric imaging market is valued at US$ 8.2 billion.
Esaote SpA, Siemens AG, Hitachi Ltd, Canon Inc., and Koninklijke Philips N.V. are key manufacturers of pediatric imaging systems.