The global Pediatric Imaging market size is expected to grow at US$ 11.6 billion in 2027 at a compound annual growth rate (CAGR) of 8.5%.
The primary factors driving the market include increased demand for sophisticated healthcare practices in pediatric care, an increase in surgical procedures, and government initiatives to improve awareness and expand the availability of novel pediatric imaging techniques. Furthermore, market participants' increased focus on new product development and strategic collaborations to create better pediatric imaging modalities is projected to boost market expansion. High installation costs and high radiation danger, particularly in young patients, which could cause cancer, are some of the reasons that could restrain market expansion. The demand for novel pediatric imaging systems is being driven by a number of causes, including the increase in preterm births, the frequency of pediatric disorders, and the growing demand for preventative care and imaging solutions. According to the Centers for Disease Control and Prevention (CDC), around 9.2 million children in the United States are admitted to the emergency department due to unintentional injuries such as falls, car accidents, and burns. 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 consequences. The factors anticipated to positively affect market expansion in the approaching years include rising investments in cutting-edge technology and frequent product debuts by industry participants. The volume of procedures performed globally is also anticipated to increase as more government and non-government organizations embrace measures to raise awareness of pediatric diagnostic imaging exams.
June 23, 2021: Canon Medical announces major updates to its Aplio i-series and Aplio a-series ultrasound ranges --
Canon Medical has today announced the commercial launch of the Aplio i-series / Prism Edition, a complete redesign of its highly successful premium ultrasound series. In addition, Aplio a-series, Canon Medical’s popular routine-to-advanced imaging range has also received a significant refresh.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America dominated the market in 2019 as a result of advantageous reimbursement policies and increased research & innovation. For instance, Children's Hospital of Philadelphia (CHOP) received a $300,000 grant from Bracco Diagnostics Inc. in September 2018 to support research and train staff members in the use of a novel ultrasound contrast technology. Additionally, the Children's Health Insurance Program (CHIP), which provides medical coverage for paediatric children in the US and includes imaging services, is a significant driver of the market's expansion. Over the forecast period, the Asia Pacific market is expected to grow at a rapid pace. Increased market entrants into developing nations, an increase in the prevalence of paediatric disorders, and supportive government policies for paediatric care are all factors contributing to the region's high growth rate. In order to help medical personnel provide better patient care, Royal Philips launched Philips Lumify, a cheap diagnostic ultrasonography equipment, in many Asian nations in December 2018.
The Pediatric Imaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Pediatric Imaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Canon Medical, Hitachi Medical, Fuji, Carestream Health, Samsung, Shimadzu, KONICA MINOLTA, Siemens Healthineers AG, Koninklijke Philips N.V., Hamilton Medical, Advanced Imaging Research dba SREE Medical Systems, LMT Medical Systems GmbH, Hyperfine, Neoscan Solutions GmbH, Aspect Imaging Ltd, Champaign Imaging, General Electric Company |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Pediatric Imaging Market?
The Pediatric Imaging Market is growing at a CAGR of 8.5% over the next 5 years.
Who are the key players in Pediatric Imaging Market?
Canon Medical, Hitachi Medical, Fuji, Carestream Health, Samsung, Shimadzu, KONICA MINOLTA, Siemens Healthineers AG, Koninklijke Philips N.V., Hamilton Medical, Advanced Imaging Research dba SREE Medical Systems, LMT Medical Systems GmbH, Hyperfine, Neoscan Solutions GmbH, Aspect Imaging Ltd, Champaign Imaging, General Electric Company
What are the significant types of Pediatric Imaging Market?
Ultrasonic Equipment, Magnetic Resonance Imaging (MRI), Electronic Computed Tomography (CT), X-ray Equipment, Other
What are the major end-use applications of Pediatric Imaging Market?
Hospital, Diagnostic Center, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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