Increased investments to incorporate advanced technology in pediatric radiology modalities is profusely driving the growth of global pediatric radiology market. Due to faster adoption of innovative imaging modalities, favorable reimbursement policies, and growing consumer preference toward noninvasive diagnosis, the pediatric radiology market is flourishing. Benefits of advanced pediatric radiology methods are attracting investments as the demand for new methods is increasing.
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The development of 3D printing and optical imaging for diagnosis and treatments showcase significant growth opportunities for the global pediatric radiology market over the forecast period. 3D printing technology is being frequently used for pediatric patients suffering from cardiac malformations and vascular malformations. 3D printing aids doctors to understand the complex nature of patient's medical condition. In congenital cardiovascular disease, 3D printing and optical imaging is being used increasingly for pre-surgical planning. Representing a new frontier of highly precise and personalized medicine, this technology promises improved surgical outcomes as well as and post-operative outcomes. Besides surgical planning, 3D models are used for medical education, procedure simulation, and also for patient counselling.
Although children suffering from COVID-19 disease are less symptomatic, they can be potential agents of transmission. According to a study, COVID-19 pneumonia was observed in many children when chest X-ray investigations were carried out to examine the lower zones of lungs. Hence, COVID-19 presents substantial growth opportunities for the global pediatric radiology market in the coming years.
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Key Findings of the Report:
- The global pediatric radiology market is anticipated to reach US$ 13835.84 Mn by 2029 growing at a CAGR of 7.5% during the forecast period.
- The hospitals occupied the largest share as end users in the global pediatric radiology market in 2020. Hospitals address to maximum pediatric patients for multiple medical conditions on an annual basis. They are also among the largest institutions in the global pediatric radiology market to deploy advanced radiology solutions catering to varied age groups.
- In 2020, North America was the biggest regional market in the global pediatric radiology market owing to availability of medicals facilities required for advanced medical researches regarding pediatric radiology. Developed medical sector, presence of key market players, technological advancement supporting medical research, and availability of advanced medical equipment are among some of the factors contributing towards the region’s growth in the global market. However, Asia Pacific is anticipated to register highest CAGR over the period of next eight years.
- Some of the major players operating in the global pediatric radiology market are Agfa-Gevaert Group, Analogic Corporation, CANON MEDICAL SYSTEMS USA INC., ESAOTE SPA, FUJIFILM Holdings America Corporation, GENERAL ELECTRIC COMPANY, Hitachi Healthcare Americas, Koninklijke Philips N.V., Medtronic, Mindray DS USA Inc., SAMSUNGHEALTHCARE.COM, Shimadzu Medical Systems USA, and Siemens Medical Solutions USA Inc amongst others
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Global Pediatric Radiology Market:
By Offering
- Systems
- Magnetic Resonance Imaging (MRI)
- Pediatric Computed Tomography (CT)
- Ultrasound
- Molecular Imaging
- Fluoroscopy Systems
- X-Ray Systems
- Others
- Services
- Support & Maintenance Services
- Training and Education Services
- Others
By Age Group
- Neonates (From birth through the first 28 days)
- Infants (29 days to less than 2 years)
- Children (2 years to less than 12 years)
- Adolescents (12 years to less than 19 years)
By Clinical Condition
- Cardiology
- Oncology
- Orthopedics/Trauma
- Neurology
- Urology
- Pulmonary
- Gastroenterology
- Others
By End Users
- Hospitals
- Pediatric Clinics
- Diagnostic Centers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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