Young infants are suffering from damages to their tissues, organs and
body parts due to complications in child birth. The physical pressure
of being damaged in such a fragile condition builds trauma among
babies, and parents seek proper diagnosis in treating these
abnormalities before they evolve into long-term weaknesses. Medical
imaging science such as radiology is gaining traction in pediatric
care. New pediatric radiology devices are improving the diagnosis of
children and extending the scope for preventive cure and effective
treatment. Medical device manufacturers are developing advanced
pediatric radiology devices to tackle the growing incidence of birth
traumas recorded across the globe. Companies namely, Analogic
Corporation, Fujifilm Corporation, Esaote SpA, Hitachi, Ltd., General
Electric Company, Koninklijke Philips N.V., Toshiba Corporation,
Mindray Medical International Limited, Siemens AG, and Samsung
Medison Co. Ltd. are widely recognized for instrumenting the global
pediatric radiology device production.
Transparency Market Research’s latest forecast study on the global
pediatric radiology market has projected that these players will
remain actively involved in manufacturing pediatric radiology devices
across the globe during the forecast period, 2017-2026. The study
further estimates that by the end of 2026, more than US$ 3.57 Bn
worth of pediatric radiology devices will be sold across the globe.
The report also assesses that the global pediatric radiology market
will expand at a 7.7% CAGR, reflecting a robust growth during the
forecast period.
Conventional radiology techniques such as X-ray imaging are
predominantly used in the current pediatric radiology landscape. In
2017, around US$ 640 Mn worth of X-ray devices were sold in the
global pediatric radiology market. The report also reveals that the
demand for X-ray systems is anticipated to dwindle towards the end of
2026. New pediatric radiology devices are being equipped with
ultrasound functionalities to offer greater imaging accuracy and
enhanced diagnostic precision. By the end of the forecast period,
ultrasound products will outsell X-ray products by bringing in global
revenues worth over US$ 1.45 Bn.
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Effectiveness of standalone pediatric radiology devices is
influencing the sales trends in the global market. Standalone imaging
modality of pediatric radiology devices continues to be more
convenient of medical professionals such as radiographers. The report
observes that throughout the forecast period, more than 55% of
pediatric radiology devices being sold in the world will be developed
on standalone modality. Portable pediatric radiology devices, on the
other hand, are estimated to register fastest CAGR of 9.5% over the
forecast period. The report also reveals that hospitals will be the
largest end-users of pediatric radiology devices in the world. In
2017, nearly 48% of the overall pediatric radiology device sales were
registered by hospitals across the globe. The report also estimates
that pediatric clinics will register the fastest end-use of pediatric
radiology through 2026. By the end of forecast period, the end-use of
pediatric radiology devices in pediatric clinics will bring in over a
billion dollars in global revenues.
In several regions, pneumonia tops the list of prevalent disorders
occurring in infants after child birth. Access to effective pediatric
radiology can aid the health of such ailing babies and improve their
life expectancy. In the US, the incidence of new-born babies being
infected with the HIV is considerably high. The report projects that
sales of pediatric radiology devices will remain predominantly high
in North America through 2026. By the end of forecast period, North
America’s pediatric radiology market is expected to touch US$ 1.34
Bn valuation. The report also reveals that majority of pediatric
radiology devices will be manufactured in the Asia-Pacific excluding
Japan (APEJ) region. Over the forecast period, the APEJ pediatric
radiology market is pegged to register fastest expansion at an 8.5%
CAGR.
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About Us
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