Pediatric Imaging Market Set to Surge at 8% CAGR, to Reach US$ 15.2 Billion by 2030: Fact.MR Report

The size of the global pediatric imaging market was US$ 8.2 billion in 2022 and is forecast to reach US$ 15.2 billion by 2030.

Global sales of pediatric imaging systems are expected to increase at a high-value CAGR of 8% during the forecast period of 2022 to 2030. This can be due to constant efforts undertaken by respective governments to increase awareness and increase the utilization of innovative pediatric imaging systems, increasing rates of surgical procedures, and increased demand for sophisticated healthcare practices in pediatric care.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7793

Why is Demand for Novel Pediatric Imaging Systems Increasing?

"Strong Demand from Hospitals to Improve Patient Safety and Lower Stay Time & Treatment Expenses"

The application of advanced pediatric imaging technologies in pediatric imaging centers and hospitals, along with other health facilities, is expected to significantly contribute to the demand in the pediatric imaging market across both developing nations and developed countries.

For instance, the Lucile Packard Children's Hospital Stanford opened a new surgical facility in August 2018 that features a cutting-edge hybrid operating room and allows for the quick assessment of post-operative therapies.

These advancements significantly enhance patient safety, reduce turnaround time and hospitalization, and decrease overall treatment expense. With the advent of next-generation microchips, it is estimated that the overall cost of advanced technologies would come down, hastening the adoption of imaging devices, especially in developing countries.

Country-wise Analysis

The United States holds a lion's share of the North American pediatric imaging market. Availability of key players, technological advancements, and increasing instances of premature births are all driving sales in the international market.

China's market is expected to grow substantially due to increased government investment and pioneering technological advancements in diagnostic imaging services. Because it drastically shortens scanning and waiting periods, portable diagnostic equipment (portable pediatric X-ray systems) is gaining greater and greater acceptance.

Category-wise Analysis

Pediatric MRIs global sales are forecasted to grow at a robust CAGR of 8.4% during the forecast period from 2022 to 2030 and will be US$ 5.1 billion by 2030.

Radio waves, a strong magnetic field, and a computer are utilized in pediatric magnetic resonance imaging (MRI) to deliver accurate images of the internal body structures. In the case of a variety of disorders involving the brain, chest, belly, pelvis, and limbs, MRI can be used to help diagnose or monitor the response to treatment.

Demand for pediatric MRIs can result from factors such as the rising prevalence of pediatric disorders, the evolution of pediatric imaging modalities, and the growth in international collaborations, launches, and approvals dedicated to enhancing pediatric treatment.

Competitive Landscape

The pediatric imaging market is fairly competitive as a result of the presence of various significant global and local industry players. There are hardly any large companies currently dominating the market in terms of market share.

New products are launching through some major companies, while others favor distribution. Some of the most prominent players of the pediatric imaging market are Esaote SpA, Siemens AG, Hitachi Ltd, Canon Inc., and Koninklijke Philips N.V.

Children's Hospital New Orleans with Cleveland Clinic formed a new collaboration in August 2022 to provide children and families in Louisiana and New Orleans with more access to board-certified pediatric radiology experts.

The LEGO Foundation declared in February 2022 that it has donated 600 LEGO MRI Scanners to hospitals all over the world to assist children in coping with the fear of undergoing an MRI scan.

Browse Full Report: https://www.factmr.com/report/pediatric-imaging-market

Key Segments in Pediatric Imaging Industry Research

By Modality :
Magnetic Resonance Imaging
Ultrasound
Computed Tomography
X-ray
Others
By Application :
Orthopedics/Trauma
Gastroenterology
Neurology
Cardiology
Oncology
Others
By End User :
Hospitals
Diagnostic Centers
Others
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

Check out More Related Studies Published by Fact.MR:

Ostomy Care Market
https://www.factmr.com/report/4062/ostomy-care-market
Controlled Substances Market
https://www.factmr.com/report/2032/controlled-substances-market
Stretcher Chairs Market
https://www.factmr.com/report/stretcher-chairs-market
Hysteroscopes Market
https://www.factmr.com/report/hysteroscopes-market

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.