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Pediatric Imaging Market Landscape 2025: Forecast Data and Growth Strategy Insights
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What Is the Expected CAGR for the Pediatric Imaging Market Through 2025?_x000D_
Rapid expansion has been seen in the pediatric imaging market in the previous years. The market will experience a leap from a size of $9.68 billion in 2024 to a size of $10.65 billion in 2025, projecting a compound annual growth rate (CAGR) of 10.0%. The growth in the past era can be linked to the heightened awareness about diseases among children, escalating demand for early diagnosis, the rise in the pediatric populace, government strategies for child health, and subspecialty evolution in radiology for pediatrics._x000D_
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What's the Projected Size of the Global Pediatric Imaging Market by 2029?_x000D_
Anticipated for a swift expansion in the upcoming years, the pediatric imaging market is forecasted to escalate to a value of $15.73 billion by 2029, with a compound annual growth rate (CAGR) of 10.3%. Factors such as the compactness and mobility of imaging equipment, the application of artificial intelligence and machine learning in pediatric radiology, the advent of 3D and 4D imaging for enhanced diagnostics, the emergence of pediatric telemedicine, and optimizations in pediatric imaging workflows contribute to this growth. The forthcoming trends include techniques for low-dose imaging, AI algorithms focused on pediatrics, child-friendly imaging surroundings, increased parent involvement in pediatric imaging, and quality metrics specific to pediatric imaging._x000D_
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Top Growth Drivers in the Pediatric Imaging Industry: What's Accelerating the Market?_x000D_
An anticipated surge in pediatric diseases among youngsters is predicted to fuel the expansion of the pediatric imaging market. Pediatric imaging involves utilizing progressive technology such as ultrasound, CT scan, X-ray, and more to diagnose and scan younger patients to detect any abnormalities inside their bodies and draft a competent treatment method. The pediatric nuclear medicine imaging is utilized to unearth both congenital and acquired, infectious and non-infectious life-threatening conditions in kids, including cancer. For example, the National Cancer Institute, a division of the US Department of Health and Human Services, projected in August 2024 that around 14,910 kids and adolescents from 0 to 19 years will be identified with cancer in the United States, leading to 1,590 causalities, of which 9,620 diagnoses and 1,040 fatalities will be among children aged 0-14 and 5,290 diagnoses and 550 fatalities will be among adolescents aged 15-19. Hence, the increasing rate of pediatric ailments among children is propelling the growth of the pediatric imaging market._x000D_
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What Trends Will Shape the Pediatric Imaging Market Through 2029 and Beyond?_x000D_
Technology progress is a dominant trend observed among corporations in the pediatric imaging industry. Firms successful in this segment primarily aim to innovate technologically superior products to bolster their market standing. For example, Eyas Medical Imaging, a precision imaging company rooted in the US, publicized the inauguration of the first neonatal Magnetic Resonance Imaging (MRI) system, the Ascent, at a hospital in July 2023. A specialty of the Ascent is its 3 Tesla (3T) magnet, a feature previously non-existent in neonatal MRI systems. The 3T magnet is a more elaborate and accurate diagnostic instrument, offering medical professionals meticulous imagery of essential organs, inclusive of the brain, lungs, heart, and abdomen._x000D_
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What Are the Main Segments in the Pediatric Imaging Market?_x000D_
The pediatric imaging market covered in this report is segmented -_x000D_
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1) By Modality: Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-ray, Other Modalities_x000D_
2) By Application: Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications_x000D_
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Ultrasound: 2D Ultrasound, 3D Ultrasound, Doppler Ultrasound_x000D_
2) By Magnetic Resonance Imaging (MRI): Open MRI, Closed MRI, Functional MRI (fMRI)_x000D_
3) By Computed Tomography (CT): Standard CT, Low-Dose CT, CT Angiography_x000D_
4) By X-ray: Digital X-ray, Conventional X-ray, Fluoroscopy_x000D_
5) By Other Modalities: Nuclear Medicine, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT)_x000D_
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Which Top Companies are Driving Growth in the Pediatric Imaging Market?_x000D_
Major companies operating in the pediatric imaging market include Agfa-Gevaert NV, Analogic Corporation, CAN-med Healthcare, Canon Inc., Eastman Kodak Company, EDM Imaging Solutions, EOS imaging, Esaote SpA, FUJIFILM Holdings Corporation, Hitachi Medical Corporation, KARL STORZ Group, Koninklijke Philips N.V, LMT Medical Systems GmbH, Maranda Lauzon Inc., Medtronic plc, Mindray Medical International Limited, Samsung Medison Co. Ltd, Shenzhen Anke High-tech Co. Ltd, Siemens Healthcare GmbH, SternMed GmbH, Toshiba Medical Systems Corporation, Trivitron Healthcare Pvt. Ltd., Xi'an Mol Technology development Co., BK Medical UK Ltd., Boston Children's Hospital, Children's Healthcare of Atlanta Inc., Children's National Hospital, Cincinnati Children's Hospital Medical Center, Clarius Mobile Health Corp., CurveBeam AI Ltd., General Electric Company, Hologic Inc., InnoVision Ltd., Mednax Inc._x000D_
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Which Regions Will Dominate the Pediatric Imaging Market Through 2029?_x000D_
North America was the largest region in the pediatric imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric imaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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