Pediatric Imaging Market Overview By Share, Size, Industry Players, Revenue and Product Demand | By Kenneth Research

Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the Pediatric Imaging Market during the forecast period.

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Global Pediatric Imaging Market is valued at approximately USD 6.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.6% over the forecast period 2020-2027. Pediatric imaging is a subspecialty of diagnostic radiology involving the imaging of fetuses, infants, children, and young adults. The pediatric imaging represents the abnormalities and normalcies of specific age rather than specific imaging techniques or the specific organ. While some diseases observed in pediatrics are similar to adults, however, many circumstances are noticed only in infants. The specialty is mainly considered for the changing aspects of a growing body, from pre-term infants to large adolescents, where the organs pursue growth phases. These require specialized treatment and imaging which can be carried out in a children’s hospital, that has all the essential facilities to treat infants and their certain pathologies. Therefore, this factor is expected to impel the demand for pediatric imaging around the world. Furthermore, an increase in demand for advanced healthcare practices in pediatric care, surging adoption of imaging modalities for diagnosis children’s disorders, and rising government initiatives to raise awareness are the few factors responsible for the high CAGR of the market during the forecast period. For instance, in August 2018, Lucile Packard Children’s Hospital Stanford has developed a new surgical center that incorporates a novel hybrid operating suite and facilitates instant evaluation of post-surgical interventions. Such initiative is expected to surge the demand for pediatric imaging. The recent outbreak of COVID-19 has created a higher demand for screening options; therefore, imaging is mostly preferred by healthcare professionals since it provides a crucial diagnosis in a limited time. All the imaging modalities have been intensively used to examine the COVID-19 among children. This is likely to influence the demand for pediatric imaging around the world. However, the high installation cost and the risk of high radiation are the few factors impeding the market growth over the forecast period of 2020-2027.  

The regional analysis of the global Pediatric Imaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable reimbursement policies and growing research and innovation in imaging modalities for pediatric care in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, due to the rise in prevalence of pediatric diseases and the presence of a significant number of market players in the countries, such as China and India.

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Major market player included in this report are:
GE Healthcare
Siemens Healthineers
Koninklijke Philips N.V.
Fujifilm Holdings Corporation
Toshiba Medical Systems Corporation
Agfa-Gevaert N.V.
Carestream Health, Inc.
Medtronic plc
Hitachi Medical Corporation
Canon Medical Systems Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Modality:
Ultrasound
Magnetic Resonance Imaging
Computed Tomography
X-ray
Others

By Application:
Oncology
Cardiology
Orthopedics/ Trauma
Gastroenterology
Neurology
Others

By End-User:
Hospitals
Diagnostic Centers
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Pediatric Imaging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Pediatric Imaging Market, by Region, 2018-2027 (USD Billion)
1.2.2. Pediatric Imaging Market, by Modality, 2018-2027 (USD Billion)
1.2.3. Pediatric Imaging Market, by Application, 2018-2027 (USD Billion)
1.2.4. Pediatric Imaging Market, by End-user, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pediatric Imaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pediatric Imaging Market Dynamics
3.1. Pediatric Imaging Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Pediatric Imaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Pediatric Imaging Market, by Modality
5.1. Market Snapshot
5.2. Global Pediatric Imaging Market by Modality, Performance – Potential Analysis
5.3. Global Pediatric Imaging Market Estimates & Forecasts by Modality 2017-2027 (USD Billion)
5.4. Pediatric Imaging Market, Sub Segment Analysis
5.4.1. Ultrasound
5.4.2. Magnetic Resonance Imaging
5.4.3. Computed Tomography
5.4.4. X-ray
5.4.5. Others
Chapter 6. Global Pediatric Imaging Market, by Application
6.1. Market Snapshot
6.2. Global Pediatric Imaging Market by Application, Performance – Potential Analysis
6.3. Global Pediatric Imaging Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Pediatric Imaging Market, Sub Segment Analysis
6.4.1. Oncology
6.4.2. Cardiology
6.4.3. Orthopedics/ Trauma
6.4.4. Gastroenterology
6.4.5. Neurology
6.4.6. Others
Chapter 7. Global Pediatric Imaging Market, by End-user
7.1. Market Snapshot
7.2. Global Pediatric Imaging Market by End-user – Potential Analysis
7.3. Global Pediatric Imaging Market Estimates & Forecasts by End-user 2017-2027 (USD Billion)
7.4. Pediatric Imaging Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Diagnostic Centers
7.4.3. Others

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