Global Pediatric Radiology Market Projected to Grow at 5.9% CAGR, Reaching $7.9 Billion by 2029

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What Will the Pediatric Radiology Industry Market Size Be by 2025?
In recent times, we've noted significant expansion in the size of the pediatric radiology market. It is forecast to increase from $5.94 billion in 2024, reaching $6.29 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Several factors contributed to this historical growth, including advancements in medical imaging technology, a rise in cases of pediatric illnesses, enhanced awareness and implementation, improvements in the quality and safety of imaging, along with a focus on pediatric-specific research and training.

What's the Long-Term Growth Forecast for the Pediatric Radiology Market Size Through 2029?
In the forthcoming years, the market size of pediatric radiology is anticipated to witness significant growth, reaching up to $7.9 billion in 2029 with a 5.9% compound annual growth rate (CAGR). This growth projected for the forecast period can be ascribed to factors such as the utilization of artificial intelligence (AI), telemedicine, and remote imaging, the practice of personalized and precision imaging, the transition towards value-focused healthcare, and innovative developments in emerging markets. The trends to look forward to in this forecast period include advancements in imaging techniques specifically designed for pediatrics, the incorporation of artificial intelligence (AI) and machine learning, the broadening of point-of-care imaging, solutions for remote monitoring and telemedicine, and a focus on patient-centric care and familial imaging.

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What Are the Key Growth Drivers Fueling the Pediatric Radiology Market Expansion?
The escalating occurrence of chronic health conditions in children is predicted to spur the expansion of the pediatric radiology market in the future. Such conditions are prolonged health complications that impact juveniles and adolescents, continuing for over a year and necessitating continuous medical supervision or restricting day-to-day tasks. The rise in these conditions can be attributed to a mix of genetic vulnerability, environmental influences, and changes in lifestyle habits. Pediatric radiology plays a crucial role in managing these chronic conditions in children, by helping in the diagnosis, tracking, and managing of these persistent health issues using imaging techniques like X-rays, MRI, and CT scans. These techniques offer invaluable data for efficient treatment and caregiving. For instance, in November 2024, Asthma Australia, a non-profit organisation based in Australia, recorded over 31,000 hospitalizations in 2022-2023, where asthma was the primary diagnosis, and about 43% of these cases were children aged 14 or under. Therefore, the escalating prevalence of chronic health conditions in children is fuelling the growth of the pediatric radiology market.

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What Are the Key Trends Driving Pediatric Radiology Market Growth?
Major players in the pediatric radiology sector are innovating with products like mini transesophageal echocardiography (TEE) ultrasound transducers. These innovations aim to broaden diagnostic and treatment possibilities for smaller or more vulnerable individuals, improve imaging accuracy, and enhance overall patient well-being and results. Mini transesophageal echocardiography (TEE) ultrasound transducers are compact imaging tools designed to offer intricate pictures of the heart and its structures via the esophagus, broadening diagnostic and treatment potential for patients of diverse sizes and conditions. For instance, the Netherlands-based corporation Koninklijke Philips N.V. launched the X11-4t Mini 3D TEE transducer in May 2024. This forward-thinking transducer, crafted for increased patient comfort, extends the uses of 3D transesophageal echocardiography (TEE) to hitherto neglected patient categories, such as small children and adults facing risk of complications. The miniaturized transducer, which is 35% smaller, delivers detailed 3D imagery crucial for diagnosing and treating heart structure diseases and aids in less invasive surgeries. When used with Philips' EPIQ CVx and EchoNavigator systems, it delivers superior imaging while decreasing the necessity for general anesthesia and lessening recovery duration.

How Is the Pediatric Radiology Market Segmented?
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

Subsegments:
1) By Ultrasound: Portable Pediatric Ultrasound Machines, Pediatric Echocardiography Ultrasound
2) By Magnetic Resonance Imaging (MRI): Pediatric MRI Systems, Open MRI Systems For Pediatrics, MRI-Compatible Pediatric Equipment
3) By X-Ray: Digital Pediatric X-Ray Systems, Mobile X-Ray Systems For Pediatrics, Pediatric Fluoroscopy Systems
4) By Computed Tomography Scanner: Pediatric CT Scanners, Low-Dose CT Scanners For Pediatrics, 3D Imaging Pediatric CT Scanners
5) By Other Product Types: Pediatric Nuclear Medicine Systems, Pediatric Bone Densitometers, Pediatric Mammography Systems

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Which Companies Are Leading the Charge in Pediatric Radiology Market Innovation?
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

Which Regions Are Leading the Global Pediatric Radiology Market in Revenue?
North America was the largest region in the pediatric radiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric radiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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