Pediatric Imaging Market Global Scale Share Expansion Forecast 2030

 

The global pediatric imaging market, valued at US$ 8.2 billion in 2022, is projected to reach US$ 15.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 8%. This expansion is driven by the rising prevalence of chronic pediatric diseases, such as pneumonia and congenital heart defects, alongside increasing demand for advanced diagnostic imaging systems. Pediatric imaging, encompassing modalities like MRI, ultrasound, CT, and X-ray, is critical for diagnosing conditions in children under 21, using minimal radiation to ensure safety.

Government initiatives to enhance awareness, technological advancements, and the growing need for precise diagnostics in pediatric care are key growth drivers. North America leads the market due to favorable reimbursement policies and robust R&D, while Asia-Pacific, particularly China, is expected to grow at a CAGR of 11.7%, reaching US$ 3.3 billion by 2030, driven by improved healthcare infrastructure.

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Market Analysis

The pediatric imaging market is propelled by the increasing incidence of pediatric disorders, including pneumonia, which kills more children under five than any other infectious disease (UNICEF, 2021), and congenital heart defects, affecting 0.8–1.2% of live births globally (NCBI). The inability of young patients to verbally express symptoms, coupled with rising preterm births (11% globally), drives demand for advanced imaging to enable early diagnosis. Technological innovations, such as Royal Philips’ EPIQ CVx ultrasound system and Fujifilm’s Velocity MRI, enhance diagnostic precision and patient comfort, boosting adoption

Challenges include the potential long-term risks of radiation exposure in children, necessitating low-dose imaging solutions, and the high cost of advanced systems, which limits access in developing regions. However, the introduction of portable devices, like Philips Lumify ultrasound, and declining costs of next-generation technologies are improving accessibility. The market is also benefiting from the growing focus on preventative care and the expansion of pediatric imaging centers.

Segment Analysis

The pediatric imaging market is segmented by modality, application, and end user. By modality, ultrasound systems are expected to grow at a CAGR of 8.6%, driven by their non-invasive nature and advancements like Philips’ EPIQ CVx. MRI systems, projected to reach US$ 5.1 billion by 2030 at a CAGR of 8.4%, are in high demand for detailed imaging of brain and organ disorders. By application, cardiology and neurology lead due to the prevalence of congenital heart defects and neurological conditions in children. Oncology and orthopedics also contribute significantly, driven by rising cancer cases and trauma incidents. Hospitals dominate end users, supported by advanced infrastructure, while diagnostic centers are growing due to specialized pediatric services. North America holds the largest regional share, with Asia-Pacific, led by China, showing the fastest growth.

Country-wise Insights

In the United States, the pediatric imaging market is a major contributor to North America’s dominance, driven by technological advancements and high preterm birth rates (1 in 10 newborns in 2020, per CDC). Innovations like Fujifilm’s Velocity MRI, launched in November 2021, enhance patient comfort and streamline diagnostics, boosting sales. Favorable reimbursement under programs like the Children’s Health Insurance Program (CHIP) supports market growth. In China, the market is expected to grow at a CAGR of 11.7%, reaching US$ 3.3 billion by 2030, fueled by government funding, expanding healthcare infrastructure, and a large patient pool. The adoption of portable imaging systems, such as pediatric X-rays, and increased awareness of pediatric diseases are key drivers in China’s rapidly evolving market.

Key Players

·         Agfa-Gevaert Group

·         Analogic Corporation

·         Canon Medical Systems

·         Carestream Health

·         ESAOTE SPA

·         FUJIFILM Corporation

·         General Electric Company

·         Hitachi Healthcare Americas

·         Koninklijke Philips N.V.

·         Medtronic

·         SAMSUNG

·         Siemens Healthcare Private Limited

Strategic Outlook and Industry Trends

The pediatric imaging market is poised for transformative growth, driven by innovations in child-friendly imaging systems and AI-enhanced diagnostics. Companies are focusing on reducing radiation exposure and improving patient comfort, with initiatives like Philips’ Ambient Experience and LEGO MRI scanners addressing pediatric anxiety. Strategic partnerships, such as Children’s Hospital New Orleans’ collaboration with Cleveland Clinic in August 2022, are expanding access to specialized radiology. The market is also seeing increased investment in portable and cost-effective devices to penetrate developing regions. As preterm births and pediatric disorders rise, manufacturers are prioritizing R&D to develop advanced, low-dose imaging solutions. With supportive government policies and global collaborations, the market is set to maintain strong growth, ensuring better outcomes for pediatric patients through 2030.

Segmentation of Pediatric Imaging Market

By Modality:

·         Magnetic Resonance Imaging

·         Ultrasound

·         Computed Tomography

·         X-ray

·         Others

By Application:

·         Orthopedics/Trauma

·         Gastroenterology

·         Neurology

·         Cardiology

·         Oncology

·         Others

By End User:

·         Hospitals

·         Diagnostic Centers

·         Others

·         By Region:

·         North America

·         Europe

·         East Asia

·         South Asia & Oceania

·         Latin America

·         Middle East & Africa

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