Pediatric MRI Market Driven By Champaign Imaging, Hyperfine, Neoscan Solutions, Hamilton Medical, Aspect Imaging

According to our latest study on “Pediatric MRI Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market is projected to reach US$ 5,688.18 million by 2028 from US$ 3,425.90 million in 2021; it is expected to grow at a CAGR of 7.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the pediatric MRI market is primarily attributed to the rising number of premature births and pediatric diseases, and surging adoption of digital health technology to improve patient care. However, safety challenges associated with pediatric MRI hinder the market growth.

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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, and General Electric Company are among leading companies operating in the pediatric MRI market.

Based on type, the pediatric MRI market is segmented into functional brain MRI (fMRI), cardiac MRI, 4D MRI, and others. The functional brain MRI (fMRI) segment is estimated to hold the largest share of the market in 2021. However, the 4D MRI segment is expected to register the highest CAGR during the forecast period. fMRI has become an important research tool for assessing brain function during active tasks and resting states. This also helps improve the researchers’ understanding of developmental routes in children as well as the plasticity of neural networks in disease states.

APAC countries are witnessing rise in COVID-19 confirmed cases. There has been a significant drop in in-patient and out-patient visits in private hospital chains. To relieve healthcare systems, many clinics have been postponing hospital visits of their patients. These events are likely to have a negative impact on the Asia Pacific pediatric MRI market in the coming years.
As per the WHO, in 2019, an estimated 5.2 million children under 5 years died from preventable and treatable illnesses. Leading causes of most of these deaths were preterm birth complications, birth asphyxia, pneumonia, and congenital anomalies. However, these conditions are preventable or treatable with timely interventions. Thus, the increasing number of traumatic injuries and preterm births, and the rising prevalence of pediatric diseases propel the adoption of pediatric MRI, which drives its market growth.

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America (SCAM)
Brazil
Argentina
Rest of SCAM

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