Pediatric MRI Market is anticipated to Record a CAGR of 7.5% to Reach a Valuation of US$ 5,688.18 Mn by Forecast to 2021-2028

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.

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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.

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.

The report on the Pediatric MRI market includes information on the strategic collaborations. The study also mentions the key players across the Pediatric MRI market. Here are some prominent participants involved in the Pediatric MRI Market - Major Players: 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.

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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Pediatric MRI Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Pediatric MRI Market is analysed and depicted in the report.

The report segments pediatric MRI market as follows:
The pediatric MRI market is segmented on the basis of type, application, and end user. Based on type, the market is segmented into functional brain MRI (fMRI), cardiac MRI, 4D MRI, and others. Based on application, the market is segmented into cardiology, orthopedics, neurology, oncology, and others. By end user, the market is segmented into hospitals, diagnostic centers, and others.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Pediatric MRI market. The researcher provides an extensive analysis of the Pediatric MRI market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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