Pediatric Radiology Global Market 2024 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2033

The new report published by The Business Research Company, titled ""Pediatric Radiology Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the pediatric radiology market size has grown strongly in recent years. It will grow from $5.63 billion in 2023 to $5.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The pediatric radiology market size is expected to see strong growth in the next few years. It will grow to $7.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

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Chronic Pediatric Conditions Fuels Growth In The Pediatric Radiology Market
The increasing prevalence of chronic pediatric conditions is expected to propel the growth of the pediatric radiology market going forward. Chronic pediatric conditions are long-term health issues that affect children and adolescents, persisting for a year or more and requiring ongoing medical attention or limiting daily activities. Chronic pediatric conditions are rising due to a combination of genetic predisposition, environmental factors, and lifestyle changes. Pediatric radiology is used in chronic pediatric conditions to diagnose, monitor, and manage long-term health issues through imaging techniques such as X-rays, MRI, and CT scans, providing critical information for effective treatment and care. For instance, in September 2022, according to the National Health Service, a UK-based government department, hospital admissions for children with asthma in England and Wales surged by 149% between 2021 and 2022. The number of children admitted with asthma symptoms rose to 19,506, compared to 7,850 during the 2020-2021 period. Therefore, the increasing prevalence of chronic pediatric conditions is driving the growth of the pediatric radiology market.

Innovative Mini TEE Ultrasound Transducers Revolutionize Pediatric Radiology
Major companies operating in the pediatric radiology market are developing innovative products such as mini transesophageal echocardiography (TEE) ultrasound transducers to expand diagnostic and treatment options for smaller or more vulnerable patients, enhance imaging precision, and improve overall patient comfort and outcomes. Mini transesophageal echocardiography (TEE) ultrasound transducers are compact imaging devices designed to provide detailed images of the heart and its structures through the esophagus, enhancing diagnostic and treatment capabilities for patients of varying sizes and conditions. For instance, in May 2024, Koninklijke Philips N.V., a Netherlands-based conglomerate corporation, launched the X11-4t Mini 3D TEE transducer. This innovative transducer, designed for enhanced patient comfort, extends the benefits of 3D transesophageal echocardiography (TEE) to previously underserved patient groups, including small pediatric patients and adults at risk of complications. The miniaturized, 35% smaller transducer provides detailed 3D imaging crucial for diagnosing and treating structural heart diseases, aiding in minimally invasive surgeries. Compatible with Philips' EPIQ CVx and EchoNavigator systems, it offers high-quality imaging while minimizing the need for general anesthesia and reducing recovery times.

The pediatric radiology market covered in this report is segmented -

1) By Product Type: Ultrasound, Magnetic Resonance Imaging (MRI), X-Ray, Computed Tomography Scanner, Other Product Types
2) By Modality: Standalone Devices, Table-Top Devices, Portable Devices
3) By Application: Oncology, Orthopedics, Cardiology, Other Applications
4) By End-User: Hospitals, Pediatric Clinics, Diagnostic Centers, Other End-Users

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Major companies operating in the pediatric radiology market are Samsung Electronics Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company, Toshiba Corporation, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Agilent Technologies Inc., Hologic Inc., Shimadzu Corporation, Varian Medical Systems Inc., Cook Medical Inc., Agfa-Gevaert N.V., Neusoft Corp, Carestream Health Inc., Shanghai United Imaging Healthcare Co. Ltd, NuVasive Inc., Esaote S.p.A., Canon Medical Systems Corporation, OrthoPediatrics Corporation, Ziehm Imaging GmBH, Shenzhen Landwind Industry Co., DMS Imaging SA, Allengers Medical Systems Ltd., Mindray Medical International Ltd

Contents of the report:
1. Executive Summary
2. Pediatric Radiology Market Report Structure
3. Pediatric Radiology Market Trends And Strategies
4. Pediatric Radiology Market - Macro Economic Scenario
5. Pediatric Radiology Market Size And Growth
…..
27. Pediatric Radiology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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