In 2022, the pediatric imaging market was estimated to be worth US$ 8.2 billion, and by the end of 2030, it is expected to be worth US$ 15.2 billion. Over the next eight years, demand for diagnostic ultrasound equipment is expected to grow at an outstanding CAGR of 8.6%.
From 2022 to 2030, the global market for paediatric imaging systems is anticipated to grow at a high-value CAGR of 8%. This can be linked to ongoing initiatives taken by the different governments to increase knowledge and broaden the use of cutting-edge paediatric imaging systems, to an increase in the number of operations, and to a rising demand for cutting-edge medical treatments in paediatric care.
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Competitive analysis
Due to the existence of multiple significant large worldwide and local industry competitors, the market for paediatric imaging is very competitive. In terms of market share, a small number of large companies now dominate the industry.
- In order to increase the availability of board-certified paediatric radiology experts for children and families in New Orleans and Louisiana, Cleveland Clinic and Children’s Hospital New Orleans entered into a new cooperation in August 2022.
- To assist children cope with their worry about getting an MRI scan, the LEGO Foundation announced in February 2022 that it had donated 600 LEGO MRI Scanners to hospitals throughout the world.
Some of the leading companies operating in the market are :
- Agfa-Gevaert Group
- Analogic Corporation
- Canon Medical Systems
- Carestream Health
- ESAOTE SPA
- FUJIFILM Corporation
- General Electric Company
- Hitachi Healthcare Americas
- Koninklijke Philips N.V.
- Medtronic
- SAMSUNG
- Siemens Healthcare Private Limited
Geographically, the pediatric imaging market is expected to witness significant growth in emerging economies due to increasing healthcare infrastructure, rising disposable income, and improving awareness about pediatric health. However, the market also faces challenges such as high costs of advanced imaging modalities, concerns about radiation exposure in pediatric patients, and reimbursement limitations in some regions.
Some of the key players in the global pediatric imaging market include GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems Corporation, Hitachi Ltd., Fujifilm Holdings Corporation, Hologic Inc., and Carestream Health, among others. These companies are continuously investing in research and development to introduce innovative pediatric imaging technologies and expand their market presence. Overall, the pediatric imaging market is expected to continue to grow in the coming years, driven by technological advancements, increasing awareness about pediatric health, and rising demand for early and accurate diagnosis of pediatric diseases and conditions.
Key findings of the Pediatric Imaging market study:
- The report provides a present market outlook on Pediatric Imaging. Additionally, the Pediatric Imaging market share is anticipated to grow with a CAGR of 8% in the forecast period.
- Regional breakdown of the Pediatric Imaging market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Pediatric Imaging vendors in detail.
- Region-wise and country-wise fragmentation of the Pediatric Imaging market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Pediatric Imaging market.
- Pediatric Imaging price, market share, and Trends forecast for assessment period 2022-2030
How are Sales of Pediatric Imaging Systems Evolving in the U.S.?
The sales of pediatric imaging systems in the U.S. have been evolving with advancements in technology and changing healthcare dynamics. In recent years, there has been a growing demand for pediatric imaging systems that offer improved image quality, reduced radiation exposure, and enhanced patient comfort. Many imaging equipment manufacturers have been investing in research and development to develop innovative imaging systems specifically designed for pediatric patients, considering their unique requirements.
Additionally, there has been a rising awareness about the importance of early and accurate diagnosis of pediatric diseases and conditions, leading to increased adoption of pediatric imaging systems in the U.S. Healthcare providers are realizing the benefits of using advanced imaging modalities in diagnosing and monitoring pediatric patients, especially for conditions such as congenital anomalies, developmental disorders, and pediatric cancers. Moreover, there is a growing emphasis on providing child-friendly imaging environments in healthcare facilities to reduce patient anxiety and discomfort during imaging procedures.
However, the sales of pediatric imaging systems in the U.S. also face challenges such as high costs of advanced imaging equipment, reimbursement limitations, and concerns about radiation exposure in pediatric patients. The reimbursement landscape for pediatric imaging can be complex, with variations in coverage and reimbursement rates for different imaging modalities and procedures. Nevertheless, with the increasing focus on pediatric health and advancements in imaging technologies, the sales of pediatric imaging systems in the U.S. are expected to continue evolving, with a growing demand for advanced and child-friendly imaging solutions.
Industry Research
By Modality :
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- Magnetic Resonance Imaging
- Ultrasound
- Computed Tomography
- X-ray
- Others
By Application :
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- Orthopedics/Trauma
- Gastroenterology
- Neurology
- Cardiology
- Oncology
- Others
By End User :
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- Hospitals
- Diagnostic Centers
- Others
By Region :
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- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
What insights does the Pediatric Imaging report provide to the readers?
- Pediatric Imaging fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Pediatric Imaging
- Various regulations imposed by the governments on the consumption of Pediatric Imaging in detail.
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