Pediatric Radiology Market accounted for US$ 2170.84 million in 2020 and is estimated to be US$ 3660.5 million by 2030 and is anticipated to register a CAGR of 5.3%. Pediatric radiology techniques have wide variety of applications in the X-rays, nuclear medicine, magnetic resonance imaging scans, ultrasound, computed tomography scans. Pediatric radiology is a technique which involves diagnosis of illnesses, injuries and diseases of infants, children, and adolescents using imaging techniques and equipment. Pediatric radiology imaging is specially done on children who suffer from injuries and fractures so that they can be diagnosed faster and more accurate using pediatric radiology techniques.
The report “Global Pediatric Radiology Market, Product Type (Ultrasound, MRI, X-Ray, and Computed Tomography), By Modality (Standalone Devices, Table-top Devices, and Portable Devices), By End User (Hospitals, Pediatric Clinics, and Diagnostic Centers), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2020, Royal Philips announced the ultimate ultrasound solution for pediatric assessment, the latest addition for its Philips Ultrasound System (EPIQ Elite). The new ultrasound solution provides clinicians with exceptionally detailed images and the performance they need to make a definitive diagnosis for pediatric patients.
Analyst View:
Advancement in pediatric radiology technology such as pediatric fluoroscopy is factor propelling growth of the target market. Pediatric diagnosis is largely available across hospitals which reduce hospitalization time and immediate access to treatment is also factor driving growth of the global pediatric radiology market.
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Key Market Insights from the report:
Global Pediatric Radiology Market accounted for US$ 2170.84 million in 2020 and is estimated to be US$ 3660.5 million by 2030 and is anticipated to register a CAGR of 5.3%. The global pediatric radiology market has been segmented on the basis of product type, end user, modality, and region.
· Based on Product type, the Global Pediatric Radiology Market is segmented into the Ultrasound, MRI, X-Ray, and Computed Tomography.
· Based on Modality, the Global Pediatric Radiology Market is segmented into Standalone Devices, Table-top Devices, and Portable Devices.
· Based on End-User, the Global Pediatric Radiology Market is segmented into Hospitals, Pediatric Clinics, and Diagnostic Centers.
· By region, the Global Pediatric Radiology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global pediatric radiology market. This is owing to advancement in the imaging technology, coupled with growing demand for the adoption of pediatric radiology devices in the countries of the region.
Competitive Landscape:
Key players operating in the global pediatric radiology market includes Analogic Corp., Esaote SpA., Fujifilm Corp., General Electric Company PLC., Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical International Ltd., Toshiba Corp., Samsung Medison Co. Ltd., and Siemens AG.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
