Pediatric MRI Market Illuminating Young Lives 2024-2031

Pediatric MRI Market to reach over USD 6.62 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pediatric MRI Market Size, Share & Trends Analysis Report By Type (Functional Brain MRI, Cardiac MRI, 4D MRI, and Others), Application (Neurology, Orthopedics, Cardiology, Oncology, and Others), Product Type [Equipment and Coil Design (Pediatric Head/Neck/Spine MRI Coil, Interchangeable Pediatric Brain Coil, Pediatric Blanket Coil, and Others)], Age Group [Adolescent (12-18 Years), Child (2-11 Years), Infants and Toddlers (28 Days-23 Months), Neonatal Stage (0-27 Days), and Fetal Stage], and End User (Hospitals, Pediatric Clinics, Diagnostic Centers, and Others), Region, Market Outlook And Industry Analysis 2031"

The global pediatric MRI market is estimated to reach over USD 6.62 billion by 2024-2031, exhibiting a CAGR of 7.3% during the forecast period.

Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/2043

Pediatric MRI can diagnose children with various illnesses, such as infections, congenital impairments, and injuries. An MRI helps evaluate a child's brain and spinal cord by looking through the skull and spine's bones. A pediatric MRI creates lifelike images of a child's interior organs and tissues using radio waves, magnetic fields, and equipment. In poor countries, access to body testing and treatment has been more readily available in recent times, and this trend is anticipated to continue in the years to come.

Rising numbers of premature births, pediatric ailments, and digital health technologies improve patient care for these populations. The growing number of collaborations and new product launches toward improved pediatric treatment may also help the global pediatric MRI market. Introducing new technology and consistent economic growth indicates a future expansion of the pediatric MRI market. In the upcoming years, two factors-increased spending on state-of-the-art technology and frequent product debuts by industry participants-are anticipated to foster industry expansion.

The lack of skilled labour and the high cost of the equipment required will be obstacles to market expansion. The market for pediatric MRI is growing due to the creation of regulations, which also raises competition and accelerates market growth.

List of Prominent Players in the Pediatric MRI Market:

• NORAS MRI Products GmbH
• Koninklijke Philips NV
• Time Medical Holding
• Siemens Healthcare AG
• Advanced Imaging Research Inc
• LMT Medical Systems GmbH
• Hyperfine Inc.
• GE Healthcare Technologies Inc
• Neoscan Solutions GmbH
• Aspect Imaging Ltd

Market Dynamics:
Drivers-
Growing demand for pediatric MRI owing to their Increases in product approvals and new product releases, as well as an increase in the number of patients with chronic conditions, are expected to drive expansion in the pediatric imaging market., etc., is a key factor likely to grow the target market. Increasing healthcare spending contributes to the sector's infrastructural development.

The pediatric MRI market will grow due to developments in medical technology, increased public and private sector efforts to raise awareness, and rising government funding. The growth rate of the pediatric MRI market will also be influenced favorably by other variables, such as the improvement in imaging technology adoption and numerous technological breakthroughs, factors expected to augment the growth of the global Pediatric MRI market.

Challenges:
The prime challenge is a lack of awareness, competence and compliance with medication because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the pediatric MRI market. However, the lack of trained sonographers and the high price of cutting-edge pediatric radiology could slow industry expansion and inadequate healthcare infrastructure in developing nations. The medication's associated negative effects will also hamper the development of the overall growth of the Pediatric MRI market over the coming years.

Regional Trends:
The North American pediatric MRI market is anticipated to report a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because many people need care. The implementation of generous reimbursement procedures and increasing research and development efforts by prominent players are factors expected to boost the growth of the pediatric MRI market in the region.

Besides, Europe had a considerable share in the market due to its developed economy, advanced medical facilities, the proliferation of brands and the rise in the incidence of diseases affecting children. It is due to the adoption of innovative methods by the major players in the pediatric MRI market. Moreover, the existence of key market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global pediatric MRI market.

Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2043

Recent Developments:

• In March 2023, Time Medical's new manufacturing plant in Hong Kong, located in the MARS Centre at Tai Po INNOPARK, officially opened, making it the city's first large-scale medical equipment manufacturing facility and the largest MRI manufacturing base in the Greater Bay Area and Southeast Asia. The factory focuses on developing and manufacturing superconductor MRI systems for high-value applications, including neonatal and breast screening.

• In July 2023, Neoscan Solutions is pleased to announce that the neo315 1.5T MR system has achieved official CE certification. We're all quite proud of the team's accomplishment. Thanks to its accreditation, Neoscan Solutions is now allowed to work with hospitals across Europe to offer MR imaging straight to neonatal and pediatric wards.
Segmentation of Pediatric MRI Market-

By Type-
• Functional Brain MRI
• Cardiac MRI
• 4D MRI
• Others

By Application-
• Neurology
• Orthopedics
• Cardiology
• Oncology
• Others

By Product Type-
• Equipment
• Coil Design
o Pediatric Head/Neck/Spine MRI Coil
o Interchangeable Pediatric Brain Coil
o Pediatric Blanket Coil,
o Others

By Age Group-
• Adolescent (12-18 Years)
• Child (2-11 Years)
• Infants & Toddlers (28 Days -23 Months)
• Neonatal Stage (0-27 Days)
• Fetal Stage

By End User-
• Hospitals
• Pediatric clinics
• Diagnostic centers
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

For More Customization @ https://www.insightaceanalytic.com/report/pediatric-mri-market/2043

Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

This release was published on openPR.