Published Date: 14-May-2020
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According to a new report Global Pediatric Imaging Market, published by KBV research, The Global Pediatric Imaging Market size is expected to reach $10.9 billion by 2026, rising at a market growth of 9.5% CAGR during the forecast period. The main driving forces for the market include the demand for specialized healthcare services in pediatric care, the number of surgical procedures, and policy efforts to raise awareness and expand the scope of modern pediatric imaging techniques.
In addition, industry leaders are expected to focus increasingly on innovative product development and strategic collaborations to establish advanced pediatric imaging modalities to fuel market growth. Some of the factors that may impede market growth are high radiation risk particularly in pediatric patients, which can lead to cancer and high installation cost.
Magnetic Resonance Imaging (MRI) represented the largest market share due to a growing interest in medical environments along with advances in technology. Advanced methods of rapid scanning such as single-shot technique and gradient-echo have faster and clearer images. These methods are particularly useful in pediatric imaging, where conformity with patient-operators is limited. The ultrasound segment is expected to expand at a lucrative pace. Growth can be attributed to factors such as easy accessibility of imaging devices, skilled professionals, availability, and frequent introduction of new drugs designed especially for pediatric patients.
The segment of hospitals gained the largest market share in 2019 and is projected to dominate over the forecast period. It can be attributed to increasing market players collaborating with hospitals to advance pediatric treatment. The diagnostic center segment shows a strong growth rate due to factors such as affordable imaging due to reduced hospitalization and related costs. Additionally, diagnostic centers deliver advanced imaging solutions available on the market with benefits such as noise control, affordable services, and a wide variety of scanning options.
The Asia Pacific region is projected to expand at a promising growth rate. The high rate of growth in the area is largely due to increased market penetration in developed countries, elevated pediatric disease incidence, and favorable government policies promoting pediatric treatment.
Structural Insights: https://www.kbvresearch.com/pediatric-imaging-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Electric (GE) Co. (GE Healthcare), Siemens AG (Siemens Healthineers), Koninklijke Philips N.V., Canon, Inc. (Canon Medical Systems Corporation), Samsung Electronics Co., Ltd. (Samsung Group) (Samsung Medison Co., Ltd.), Hitachi, Ltd., Agfa-Gevaert Group, Fujifilm Holdings Corporation, Analogic Corporation (Altaris Capital Partners), Esaote SpA.
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