Pediatric Radiology Market: Global Industry Analysis and Forecast (2023-2029)

Pediatric Radiology Market size was valued at US$ 2.35 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 10.89% through 2022 to 2029, reaching nearly US$ 4.85 Bn.
Pediatric Radiology Market Overview:
Children are the focus of pediatric radiology. Fetuses, infants, children, adolescents, and young adults are the subjects of pediatric radiology. Children's hospitals are home to many paediatric radiologists. Some childhood disorders are similar to those observed in adulthood. However, babies are often subject to conditions that are unique to them. It is extremely important to understand the dynamics of a growing body, where organs follow growth patterns and phases, from preterm infants to massive adolescents. Children with these conditions require specialized imaging and treatment at Children's hospitals, which have all the essential facilities to diagnose and treat their specific pathologies. Pediatric Ultrasound, Radiographic Imaging, Pediatric X-ray, Pediatric CT Scan, Pediatric MRI or Fetal MRI, and Fluoroscopy are the applications of the pediatric radiology. Hospitals, Pediatric Clinics, and Diagnostic Centers are the end-users of the pediatric radiology.To know about the Research Methodology :- Request Free Sample Report

Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2029 is done based on past data from 2018 to 2022 with the impact of global lock down on the market in 2022 and 2023.
Pediatric Radiology Market Dynamics:
Increased life expectancy among children and adolescents as a result of improved sanitation, nutrition, and communicable disease control is producing an epidemiologic shift in which non-infectious disorders such as chronic diseases and disability are becoming major health concerns. The increased prevalence of diagnosis due to various disorders in children is the key factor driving the growth of paediatric radiology. Besides, the global paediatric radiology market would benefit from the increased demand for sophisticated research. An increase in the number of deaths due to complications during childbirth and other disorders like as pneumonia, asthma, viral infections, and malnutrition contributes to the paediatric radiology market's growth each year.

In both developing and developed regions, the implementation of modern technology in various healthcare surroundings, such as hospitals and paediatric specialist clinics, is expected to have a beneficial impact on market growth. In August 2022, Lucile Packard Children's Hospital Stanford, for example, unveiled a new surgical centre with an innovative hybrid operating suite that allows for interdisciplinary care. Rising collaborations between leading companies are expected to provide a significant growth opportunity for the paediatric radiology market over the forecast period. However, the hazards of radiation exposure, particularly in young patients, which can lead to cancer, as well as high installation costs, are the major restraining factor that hampers the growth of the pediatric radiology market during the forecast period.

Several unfavourable aspects are hampering the global paediatric radiology market's growth. The growing anxiety among parents about radiation exposure has a negative impact on paediatric radiology. Besides, paediatric radiography education is still in its early stages, and radiographers frequently struggle to keep up with advancements. Radiation can cause cancer, especially in young individuals.
Pediatric Radiology Market Segment Analysis:
Based on the Modality, the market is segmented into Standalone Devices, Table-top Devices, and Portable Devices. Standalone Devices segment is expected to hold the largest market share of xx% by 2029. This is due to technological advancements, increased preference by radiologists due to enhanced convenience during diagnosis compared to other modalities, availability of a larger number of products by manufacturers, and rising sales trends in the global market.

Based on the Application, the market is segmented into Pediatric Ultrasound, Radiographic Imaging, Pediatric X-ray, Pediatric CT Scan, Pediatric MRI or Fetal MRI, and Fluoroscopy. Pediatric MRI or Fetal MRI segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to increased demand from hospital surroundings and quick technological improvements. Magnetic Resonance Imaging (MRI) is a useful diagnostic tool for detecting disorders of the brain and blood arteries, including spinal lesions, strokes, and malignancies. Improved rapid scan methods, such as single-shot technique and gradient-echo, produce faster and sharper images. These techniques are especially beneficial in paediatric radiology, where collaboration between the patient and the operator is sometimes inadequate.

Based on the End-Users, the market is segmented into Hospitals, Pediatric Clinics, Diagnostic Centers, and Others. Hospitals segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. A major driving factor is the growing engagement of industry actors in partnership initiatives with hospitals to improve paediatric care. Pediatric diagnosis is also widely available in hospitals, owing to parents' willingness to spend more money to ensure that their children receive the best possible care. Hospitals are continuing to build paediatric radiology sections in order to shorten hospital stays and make treatment options more accessible.
Pediatric Radiology Market Regional Insights:
North America region is expected to dominate the Pediatric Radiology market during the forecast period 2023-2029. North America region is expected to hold the largest market share of xx% by 2029. Growth in North America is mostly due to the presence of favourable reimbursement legislation, increasing research, and higher technology improvements. Furthermore, in the United States, the Children's Health Insurance Program (CHIP) offers medical coverage for young patients. It encompasses radiological services and is thus seen as a significant industry growth driver.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the region's easy accessibility to paediatric radiology and the availability of sophisticated healthcare facilities.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. During the forecast period, rising government initiatives to promote paediatric care, an increase in the prevalence of paediatric ailments, and the presence of significant players in emerging countries in this region are expected to boosts the grwoth of the paediatric radiology market's growth in the Asia Pacific region.

The objective of the report is to present a comprehensive analysis of the Pediatric Radiology Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Pediatric Radiology Market dynamic, structure by analyzing the market segments and project the Pediatric Radiology Market size. Clear representation of competitive analysis of key players by Modality, price, financial position, product portfolio, growth strategies, and regional presence in the Pediatric Radiology Market make the report investor’s guide.
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Pediatric Radiology Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.35 Bn.


Forecast Period 2023 to 2029 CAGR:
10.89%
Market Size in 2029:
US $ 4.85 Bn.


 Segments Covered:
by Modality
Standalone Devices
Table-top Devices
Portable Devices


by Application
Pediatric Ultrasound
Radiographic Imaging
Pediatric X-ray
Pediatric CT Scan
Pediatric MRI or Fetal MRI
Fluoroscopy


by End-Users
Hospitals
Pediatric Clinics
Diagnostic Centers
Others



Pediatric Radiology Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pediatric Radiology Market Key Players
1. Fujifilm Corporation
2. Analogic Corporation
3. Koninklijke Philips N.V.
4. General Electric Company
5. Samsung Medison Co. Ltd.
6. Siemens AG
7. Mindray Medical International Limited
8. Toshiba Corporation
9. Esaote SpA
10.Hitachi, Ltd.
11.Agfa Healthcare
12.Carestream Health, Inc.
13.Canon, Inc. (Canon Medical Systems Corporation)
14.Olympus Corporation
15.SuperSonic
16.Trivitron Healthcare

Frequently Asked Questions:

1. Which region has the largest share in Global Pediatric Radiology Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Pediatric Radiology Market?
Ans: The Global Pediatric Radiology Market is growing at a CAGR of 10.89% during forecasting period 2023-2029.

3. What is scope of the Global Pediatric Radiology market report?
Ans: Global Pediatric Radiology Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Pediatric Radiology market?
Ans: The important key players in the Global Pediatric Radiology Market are – Fujifilm Corporation, Analogic Corporation, Koninklijke Philips N.V., General Electric Company, Samsung Medison Co. Ltd., Siemens AG, Mindray Medical International Limited, Toshiba Corporation, Esaote SpA, Hitachi, Ltd., Agfa Healthcare, Carestream Health, Inc., Canon, Inc. (Canon Medical Systems Corporation), Olympus Corporation, SuperSonic, and Trivitron Healthcare

5. What is the study period of this market?
Ans: The Global Pediatric Radiology Market is studied from 2022 to 2029.