The Pediatric Imaging Market was valued at $6.3 Billion in 2018 and is forecast to grow at a modest 8.3 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xx.28 Billion.
Industry at a Glance.
Pediatric radiology is a subsegment of radiology which is relating to the imaging of fetuses, infants, children adolescents and young adults. They use these to detect, diagnose, and treat certain injuries and medical conditions by using MRI or ultrasound.
The increase in the occurrence of diagnosis due to various disorders in children is the main factor in the development of pediatric radiology. In addition, the rising demand for personalized research will also inspire growth in the global market.
Pediatric radiology R&D develops innovative imaging methods such as pediatric fluoroscopy, which provide high quality image technique with low radiation, is anticipated fuel the market demand in the coming future. for the treatment and diagnosis and increasing collaboration of manufacturer are fueling the growth of the market.
According to World Federation of Pediatric Imaging (WFPI) approximately. 1142 million children in the U.S. are admitted in the medical due to the bone fracture and accidental injuries. Effectiveness of pediatric radiology devices in terms of producing quality images, integrating clinical information, and accurately assessing the conditions of the imaged body part continues to influence their sales. In 2018, around $ 650 Million worth of x-ray pediatric radiology devices were sold across the globe.
“Optimal Price Point (OPP) for Global Pediatric Imaging”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Pediatric Imaging are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Pediatric Imaging Market by “Key Modality Categories”
We have segmented the Global Pediatric Imaging-based on Key Modality categories as X-ray, Ultrasound, MRI, and CT.
We have observed the rapid growth of Pediatric Imaging followed by Magnetic Resonance Imaging (MRI) segment has dominated the market in 2018 and is expected to propel the market growth over the forecast period. MRI gives extremely clear, detailed images of soft tissue structures that other imaging techniques cannot achieve. It also playing a crucial role in cancer and Traumatic Brain Injuries (TBI) diagnosis in the human body.
We also noticed the Ultrasound segment anticipated to drive the market with a CAGR of 5.8% from 2018 to 2026. Owing to the affordability, easy availability, and innovative product.
Global Pediatric Imaging Market by “End-Use Categories”
We have segmented the Global Pediatric Imaging-based on End-Use categories as Hospitals, Diagnostic centers, and Others.
We have observed the rapid growth of Pediatric Imaging followed by Hospitals segment with a CAGR of x.8% and is expected to propel the market growth over the forecast period. Availability of advance medical device, professional doctors, clinical informatics, proper respiratory equipment, diagnostic imaging and large number of patients are the primary factor for market growth.
We also noticed the Diagnostic centers segment anticipated to drive the market with a CAGR of 8.8% from 2018 to 2026.
Global Pediatric Imaging Market by “Application Categories”
We have segmented the Global Pediatric Imaging-based on Application Categories as Gastroenterology, Cardiology, Oncology, Orthopedics/ Trauma, Neurology, and Others.
We have observed the rapid growth of Pediatric Imaging followed by the Orthopedics/ Trauma segment has the largest market share in 2018 and is estimated to grow during the prediction period. Many young and children age group are affected by bone stiffness and bone defect disease. Also, rising cases of traumatic injuries is anticipated to drive the demand for better, faster, and zero error imaging result.
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North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Pediatric Imaging followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share in the global market in 2018. Due to the large number of patient and increasing occurrence of pediatric disease as well as Pediatric radiology researcher develops novel imaging techniques for the treatment and diagnosis and increasing collaboration of manufacturer are fuelling the growth of the market.
The North America region led the market and accounted for the largest share, in terms of developing market and End-use industries, in the global market. Factors such as suitable government policies and arrival of new technologies.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V. (Royal Philips), Fujifilm Holdings Corporation, Toshiba Medical Systems Corporation, Samsung Electronics Co., Ltd., Agfa Healthcare, and Carestream Health, Inc. are few major players in Global Pediatric Imaging markets. The Global Pediatric Imaging market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Pediatric Imaging Market by Key Modality categories (Revenue, Million, 2018 – 2026)
Global Pediatric Imaging Market by End-Use categories (Revenue, Million, 2018 – 2026)
- Diagnostic centers
Global Pediatric Imaging Market by Application Categories (Revenue, Million, 2018 – 2026)
- Orthopedics/ Trauma
Global Pediatric Imaging Market Regional Outlook (Revenue, USD Million, 2018-2026)
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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