Pediatric Imaging Global Market Report 2024

Pediatric imaging is a non-invasive, advanced technology that involves scanning children's health conditions to provide an effective treatment plan and anticipate potential health risks at an early stage, aiming to prevent medical issues during adolescence.

The main modalities of pediatric imaging include ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), X-ray, and others. Ultrasound is particularly useful for viewing and obtaining information about internal body parts. This imaging technique utilizes sound waves to create images of internal organs for diagnostic purposes. Pediatric imaging finds applications in various medical specialties, including orthopedics, gastroenterology, cardiology, oncology, neurology, and more. These imaging modalities are commonly utilized in hospitals, diagnostic centers, and other healthcare facilities catering to pediatric patients.

The paediatric imaging market research report is one of a series of new reports that provides paediatric imaging market statistics, including paediatric imaging industry global market size, regional shares, competitors with paediatric imaging market share, detailed paediatric imaging market segments, market trends, and opportunities, and any further data you may need to thrive in the paediatric imaging industry. This pediatric imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pediatric imaging market size has grown rapidly in recent years. It will grow from $8.71 billion in 2023 to $9.61 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The expansion observed in the historical period can be attributed to several factors, including increased awareness of childhood diseases, a growing demand for early diagnosis, the overall growth in the pediatric population, government initiatives focused on child healthcare, and the development of pediatric subspecialization in radiology.

The pediatric imaging market size is expected to see rapid growth in the next few years. It will grow to $14.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period can be attributed to several factors, including the miniaturization and portability of imaging equipment, the integration of AI (artificial intelligence) and machine learning in pediatric radiology, the use of 3D and 4D imaging for enhanced diagnostics, the growth in pediatric telemedicine, and efforts towards optimizing the workflow in pediatric imaging. Major trends expected in the forecast period encompass the development of low-dose imaging techniques, the creation of pediatric-focused AI algorithms, the establishment of child-friendly imaging environments, increased parental involvement in pediatric imaging processes, and the implementation of quality metrics specific to pediatric imaging.

The growth of the pediatric imaging market is anticipated to be propelled by the increase in pediatric ailments among children. Pediatric imaging involves utilizing advanced technologies such as ultrasound, CT scans, X-rays, and others to scan and diagnose patients in the younger age group, identifying any abnormalities in children's bodies and formulating effective treatment plans. Imaging in pediatric nuclear medicine is crucial for identifying life-threatening conditions in children, including congenital, infectious, non-infectious, or cancer-related conditions. For instance, in 2021, the National Cancer Institute reported approximately 15,990 children aged 0-19 in the United States diagnosed with cancer. This rise in pediatric ailments underscores the driving force behind the growth of the pediatric imaging market.

The pediatric imaging market is expected to experience growth due to the expanding pediatric population. Pediatrics, a medical specialty focused on the growth, care, and illnesses of newborns, children, teens, and young adults, plays a vital role in providing comprehensive healthcare to children. Accurate diagnosis, prompt therapy, and optimal outcomes for various medical disorders are facilitated through pediatric imaging. In 2023, the Children's Defense Fund reported a continuous increase in the overall number of children in the United States, reaching an estimated 74 million in 2021, constituting 22% of the total population. Consequently, the expanding pediatric population serves as a driving factor for the pediatric imaging market.

Technological advancement is a notable trend among companies in the pediatric imaging market. Key players in the sector are dedicated to developing technologically advanced products to strengthen their market presence. For instance, in 2021, Philips Healthcare, a Netherlands-based company specializing in advanced medical technology, introduced the Spectral CT 7500, a super-premium scanner leveraging spectral technology. This advanced scanner utilizes multiple electromagnetic waves beyond the visible spectrum RGB for clear organ imaging, offering faster results and more confident diagnoses. The Spectral CT 7500 is particularly beneficial for precision diagnosis in pediatric, bariatric, and cardiac care, oncology, emergency radiology, among other applications.

Companies in the pediatric imaging market are also focusing on innovative products such as multi-departmental imaging solutions to better cater to the needs of their consumers. Multi-departmental imaging solutions encompass comprehensive imaging systems that provide services across different departments within a healthcare organization. These solutions offer healthcare practitioners access to modern imaging technology and specialized skills, enhancing patient care and outcomes. In 2022, Samsung Electronics Co. Ltd., a South Korea-based diagnostics and electronics company, launched the BodyTom 64 CT scanner. This enhanced model of the BodyTom Elite CT scanner offers expanded functionality and high-resolution imaging capabilities. Indicated for both adult and pediatric imaging, the BodyTom 64 is a multi-departmental imaging system applicable in neurological surgery, interventional radiology, brachytherapy, trauma, medical examinations, and more.

In 2021, Fujifilm Holdings America Corporation, a US-based company specializing in imaging diagnosis, acquired Hitachi Diagnostic Imaging for $1.38 billion (179 billion yen). This strategic acquisition aims to fortify Fujifilm's product portfolio in the imaging diagnosis segment, offering comprehensive solutions for diverse clinical needs, and expand its global reach in the imaging diagnosis sector. Hitachi Diagnostic Imaging, based in Japan, provides a broad range of diagnostic imaging equipment, including MRI, CT, and ultrasound for both pediatric and adult patients.

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.

North America was the largest region in the pediatric imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the pediatric imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The pediatric imaging market includes revenues earned by providing services such as nuclear imaging, and cystourethrogram. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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