New York, NY -- (SBWIRE) -- 04/13/2021 -- The global pediatric market is expected to reach USD 11.90 Billion by 2027, according to a new report by Reports and Data. Growing occurrences of chronic conditions in infants and children, among others, is one of the significant factors influencing the market growth. The incidence of chronic conditions is increasing in most developed and developing nations and is expected to be responsible for the major cause of death in the coming years. Amongst children, and particularly among adolescents, increased life expectancy owing to better hygiene, nutrition, and control of communicable diseases is creating an epidemiologic transition where non-infectious diseases, such as chronic diseases and disability, are evolving as significant health problems. As per the National Center for Health Statistics, 3.2% of children remain absent for 11 or more days from school per year owing to illness or injury. It was observed that 17.4% of children are obese and 4% of children face a dearth of a usual source of healthcare and the death rate amongst children aged between 5 to 14 years is 12.7 per 100,000 and the major reasons of death in such children comprise cancer, accidents, and voluntary self-harm.

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Leading Players Profiled in the Report Include:

Toshiba Medical Systems Corporation, Siemens Healthineers, Agfa Healthcare, GE Healthcare, Fujifilm Holdings Corporation, Carestream Health Inc., Philips Healthcare, Mindray Medical International Limited, Samsung Medison Company Limited, and Koninklijke Philips N.V., among others.

The rapid technological advancements in imaging modalities are driving the growth of the pediatric imaging market. X-rays witness highest order volume, whereas ultrasound and MRI, specifically, are making swift growth. For instance, ultrasound offers a number of benefits comprising an enhanced definition of organs and structures, radiation-free visualization, and the ability to use higher-frequency transducers. A novel practice in ultrasound in pediatric imaging is the deployment of elastography, which uses sound waves to evaluate tissue stiffness and is mainly useful for the detection of cancer, as tumors are frequently characterized by harder tissue.

COVID-19 Impact

Amongst the major Covid-19 testing options, imaging is considered appropriate by most healthcare professionals as it delivers a crucial diagnosis result in a short time. As compared to adults, pediatric patients suffering from COVID-19 displayed distinct characteristics in CT imaging and clinical presentation. Pediatric patients are likely to have milder clinical symptoms, fewer CT findings, and reduced extent of disease in the lungs. Furthermore, peribronchial distribution and bronchial wall thickening were more commonly observed in pediatric patients. A relatively small number of cases have been observed in children, and so far, in China, only around 2.4% of cases occurred in those under 19 years of age, and related trends have been experienced in the United States.

Further key findings from the report suggest

By imaging type, magnetic resonance imaging (MRI) contributed to the largest market share in 2019. MRI finds application in diagnosing extensive conditions in children owing to illness, injury, or congenital abnormalities. Moreover, when the diagnosis of a child's spinal cord and the brain is required, MRI is beneficial owing of its ability to view through the skull and spine without the need for radiation.

By application, orthopedics contributed to the largest market share in 2019. Orthopedic problems are quite common in children and may be developmental, congenital, or acquired, comprising those of neuromuscular, infectious, neoplastic, nutritional, and psychogenic origin.

By end-users, diagnostic centers are estimated to grow at the fastest rate of 7.9% in the forecast period. Medical imaging of pediatric patients at diagnostic centers provides various benefits as these centers have requisite laboratory equipment and skilled staff as well as medical personnel that helps them in the process of recognizing diseases in a patient who is having specific symptoms or signs.

North America held the largest market share in 2019 and is likely to grow at a rate of 6.6% in the forecast period. The market dominance of North America is owing to rapid technological advancements, such as the growing incidence of target diseases, the development of molecular imaging, and the launch of new radiopharmaceuticals for diagnosis, among others.

In May 2019, Boston Children's Hospital entered into a partnership with GE Healthcare to develop radiology artificial intelligence.

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For the purpose of this report, Reports and Data have segmented the global pediatric care market on the basis of imaging type, application, end-user, and region:

Imaging Type Outlook (Revenue, USD Million; 2017-2027)

Magnetic Resonance Imaging (MRI)
Ultrasound
Positron Emission Tomography-Computed Tomography (PET-CT)
X-Ray
Others

Application Outlook (Revenue, USD Million; 2017-2027)

Orthopedics
Gastroenterology
Neurology
Cardiology
Oncology
Others

End-Users Outlook (Revenue, USD Million; 2017-2027)

Hospitals & Clinics
Diagnostics Center
Others

Regional Outlook (Revenue, USD Million; 2017-2027)

North America
U.S
Europe
U.K
France
Asia Pacific
China
India
Japan
Latin America
Brazil
MEA

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Table of contents

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Pediatric Imaging Segmentation & Impact Analysis

    4.1. Pediatric Imaging Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                  4.2.2.1. Growing occurrences of chronic conditions in infants and children, among others

                  4.2.2.2. Increasing demand for customized research

                  4.2.2.3. Growing awareness about pediatric care

                  4.2.2.4. Technological advancements in imaging systems

          4.2.3. Market restraints analysis

                   4.2.3.1. Cost-prohibitive imaging systems

                   4.2.3.2. Lack of skilled professionals

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. ETOP Analysis

    4.6. Porter's Five Forces Analysis

    4.7. Competitive Metric Space Analysis

    4.8. Price trend Analysis

    4.9. Customer Mapping

    4.10. Covid-19 Impact Analysis

    4.11. Global Recession Influence

Continued……….

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