The global pediatric imaging market size is expected to reach USD 12.2 billion by 2027, registering a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing incidences of pediatric trauma cases are expected to accelerate the demand for innovative patient screening, which is expected to augment the market growth.
According
to the Centers for Disease Control and Prevention (CDC), an estimated 812,000
children aged 17 or below were treated in the U.S. Emergency Department (ED)
for concussion or Traumatic Brain Injury (TBI) in 2014. CDC further stated that
injuries due to falling accounted for an approximate 49% of all TBI-related ED
visits in children. In addition, increasing focus of market players on product
development and innovation is expected to drive the market growth. For
instance, in June 2019, Carestream Health, Inc. launched a portable Carestream
DRX Plus 2530C X-ray detector with cesium iodide technology, which captures
minute details of anatomical structures in pediatric patients.
North
America accounted for the largest share in 2019 owing to favorable
reimbursement policies, faster adoption of innovative imaging modalities, and
growing consumer preference toward noninvasive diagnosis. Increasing investments
in order to propel technological innovation is expected to augment the
pediatric imaging market growth in the region. For instance, in 2018, Bracco
Diagnostics Inc. provided a grant of USD 300,000 to Children’s Hospital of
Philadelphia (CHOP), to fund research and train technicians to use a new
technology of contrast ultrasound. Also, medical coverage is granted by the
Children's Health Insurance Program (CHIP) for pediatric patients in U.S.,
which covers imaging services, is a major factor propelling the market growth.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/pediatric-imaging-market
Further key
findings from the report suggest:
- The magnetic
resonance imaging modality segment dominated the market owing to high
usage in hospital settings and higher recommendations by radiologists due
to safety
- By
application, the orthopedic/ trauma segment is expected to register the
highest CAGR due to rising incidence of bone defects in children combined
with increasing cases of ED visits related to trauma
- By end user,
the hospital segment accounted for the largest market share owing to large
number of installed systems in hospital settings and direct collaborations
of hospitals with market vendors, thereby offering access to novel and
advanced imaging systems
- Leading
players present in the pediatric imaging market include GE Healthcare;
Siemens Healthineers AG; Koninklijke Philips N.V. (Royal Philips);
Fujifilm Holdings Corporation; Toshiba Medical Systems Corporation;
Samsung Electronics Co., Ltd.; Agfa Healthcare; and Carestream Health,
Inc.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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