Global Pediatric Imaging Market – Industry Trends and Forecast to 2029

Global Pediatric Imaging Market, By Modality (Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-Ray, Others), Application (Oncology, Cardiology, Orthopedics/ Trauma, Gastroenterology, Neurology, Others), End User (Hospitals, Diagnostic Centers, Others)– Industry Trends and Forecast to 2029

Pediatric Imaging Market Analysis and Size

The market for pediatric imaging is expected to grow in the forecast period. Improvements in the diagnosis and treatment of a variety of young patients' medical issues have been made to medical X-ray imaging. Children under the age of 21 who are receiving diagnosis or treatment are considered paediatric patients under the Federal Food, Drug, and Cosmetic Act (FD&C Act).

Data Bridge Market Research analyses that the pediatric imaging market which was USD 3626.89 million in 2021, would rocket up to USD 6763.01 million by 2029, and is expected to undergo a CAGR of 8.10% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

Pediatric radiography is diagnostic radiology that focuses on children and represents the normalcy and abnormality of a particular age rather than a particular imaging modality or organ. The specialty imaging care for children, babies, neonates, and young adults (under the age of 21) with acquired conditions is provided by paediatric radiology. Diagnostic procedures offered by paediatric radiology include computed tomography, MRI, nuclear medicine, ultrasound, and X-rays (CT).

Pediatric Imaging Market Dynamics

Drivers

• Rising chronic diseases

In the forecast period of 2022–2029, factors such as the rising number of patients with chronic diseases, the development of technology in developing nations, the increasing number of product approvals, and new product releases, are projected to boost the growth of the paediatric imaging market.

• Technological developments

On the other hand, the adoption of improved imaging systems and the introduction of digital health technologies will further increase a number of opportunities that will fuel the expansion of the paediatric imaging market throughout the course of the forecast period.

• Rise in demand of healthcare practises

The market is primarily being driven by increased demand for cutting-edge paediatric healthcare practises, an increase in surgical procedures, and government initiatives to promote public knowledge and access to cutting-edge paediatric imaging techniques.

Opportunities

• Government Initiatives

Increased spending on cutting-edge technology and frequent product releases by market players are the two variables anticipated to positively affect market growth in the years to come. The number of procedures performed globally is also anticipated to increase as more government and non-government organisations take measures to raise awareness of paediatric diagnostic imaging exams. For instance, the American College of Radiology (ACR) and the Radiological Society of North America (RSNA) introduced RadInfo 4 Kids as a new feature on their official website in December 2018. The educational website was designed to enlighten kids and their guardians about radiology.

Restraints/Challenges

On the other hand, the lack of skilled trained personal along with high cost of instrumentation will obstruct the market's growth rate.

This pediatric imaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pediatric imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Pediatric Imaging Market

Over 200 million people have been affected by the recent COVID-19 epidemic, which has affected many different organ systems. The degree of paediatric involvement has varied, however it is noteworthy that paediatric COVID-19 individuals have a higher risk of heart illness. Here, we go over the cardiac involvement in young COVID-19 patients. Numerous investigations demonstrate the severity of the disease in both symptomatic and occult myocarditis, as well as MIS-C, and draw attention to the potential cardiotropic character of SARS-CoV-2.

Recent Developments

• Mar 2020: Children's Hospital of Georgia adopted Philips' automated early detection and warning solution (IntelliVue GuardianSoftware) for paediatrics as a result of their partnership with Royal Philips. With the use of this technology, clinical patient deterioration signs may be quickly identified, and a warning notification to hospital staff can be activated to enable quicker response times.
• The Magnetom Lumina 3 Tesla (3T) magnetic resonance imaging (MRI) scanner was installed at the Medical University of South Carolina in Charleston, South Carolina, according to a Feb. 2020 announcement from Siemens Healthineers. They entered into a partnership in 2018. The alliance has as its main goals improving performance at MUSC and developing therapeutic and cost-effective breakthroughs in the fields of paediatrics, cardiology, radiology, and neurosciences.
• Dec. 2019: GE Healthcare and Affidea, a company that offers clinical laboratories, diagnostic testing, and cancer treatment services, signed a contract. The goal of the deal was to spread imaging and digital technologies throughout the diagnostic imaging services network of Affidea. More than 200 pieces of equipment from the previous company would be included into the network of centres run by Affidea around Europe. During MRI exams, Affidea would additionally use the Clariscan contrast medium from GE Healthcare.

Global Pediatric Imaging Market Scope

The pediatric imaging market is segmented on the basis of modality, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Modality

• Ultrasound
• Magnetic Resonance Imaging (MRI)
• Computed Tomography (CT)
• X-Ray
• Others

 Application

• Oncology
• Cardiology
• Orthopedics/ Trauma
• Gastroenterology
• Neurology
• Others

 End User

• Hospitals
• Diagnostic Centers
• Others

Pediatric Imaging Market Regional Analysis/Insights

The pediatric imaging market is analysed and market size insights and trends are provided by country, modality, application and end user as referenced above.

The countries covered in the pediatric imaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the pediatric imaging market due to the adoption of favourable reimbursement policies along with growing research and development activities.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the prevalence of various manufacturers along with increasing occurrences of pediatric diseases.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The pediatric imaging market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pediatric imaging market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pediatric imaging market. The data is available for historic period 2010-2020.

Competitive Landscape and Pediatric Imaging Market Share Analysis

The pediatric imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pediatric imaging market.

Some of the major players operating in the pediatric imaging market are:

•  Arthrex Inc. (Germany)
•  Johnson & Johnson Services, Inc. (U.S.)
•  NuVasive Inc. (U.S.)
•  Orthofix US LLC (U.S.)
•  OrthoPediatrics Corporation (U.S.)
•  Pega Medical Inc. (Canada)
•  Smith+Nephew (U.K.)
•  Stryker (U.S.)
•  WishBone Medical (U.S.)
•  Zimmer Biomet (U.S.)
•  Medtronic (Ireland)
•  Auxein Medical (India)
•  Consensus Orthopedics Inc. (U.S.)
•  Implanet SA (U.S.)
•  Merete GmbH (Germany)
•  Mighty Oak Medical (U.S.)