Product Code: TIPRE00024515
The North America pediatric MRI market was valued at US$ 1,633.62 million in 2022 and is expected to reach US$ 2,567.12 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
Adoption of Digital Health Technology to Improve Patient Care fueling the North America Pediatric MRI Market
The adoption of advanced technologies in healthcare settings, such as hospitals and pediatric specialty clinics, is increasing across the region, improving patient safety and minimizing the overall turnaround time and hospital stay. The incorporation of artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and other new technologies in healthcare, medicine, and scientific research has become increasingly important. Advancements in the miniaturization of sensors and other technologies also offer opportunities to collect physiological and functional data directly from patients participating in clinical trials, especially in children. Along with cell phones and other digital platforms, sensors provide a versatile tool for assessing patient responses to investigational treatments in the field of pediatrics.
Since the COVID-19 pandemic, the number of children suffering from mental health problems have increased rapidly. In October 2022, the President of the US announced prioritizing the expansion of the Pediatric Mental Health Care Access Awards program. The program allows pediatric care providers to ensure telehealth services for expert mental health care. As it is normal for young patients to feel anxious or stressed during treatment, several children's hospitals, such as Sanford Children's, Children's Memorial Hermann, and Children's Minnesota, use interactive patient engagement technology to entertain and distract patients undergoing medical procedures or treatments. Apps can help parents access their children's health records and additional information. For example, Milestone Tracker, an app developed by CDC, provides checklists for parents to ensure their children are developing properly between the ages of 2-5. Similarly, SoftSpot is an FDA-approved and the Health Insurance Portability and Accountability Act (HIPAA)-compliant app powered by AI and Computer Vision (CV) technology. The app measure's the skulls of newborn babies to detect cases of plagiocephaly or brachycephaly.
In March 2017, Royal Philips and Phoenix Children's Hospital announced a 15-year agreement worth US$ 65 million. Phoenix Children's and Royal Philips developed dose reduction systems and other technologies that follow pediatric MRI protocols, which are factory standards across the region. They also have an advanced 3D print laboratory that constructs life-size models of patients to study heart and brain physiology using MRI. Furthermore, research on advanced MRI technologies is also increasing across the region. For instance, in September 2019, researchers from the University of Colorado School of Medicine identified a new imaging method named "fast MRI." The method is effective in analyzing pediatric traumatic brain injuries (TBI), thereby eliminating risks related to radiation exposure and anesthesia.
Therefore, the adoption of new technologies in healthcare is driving the growth of the North America pediatric MRI market .
North America Pediatric MRI Market Overview
The North America pediatric MRI market is segmented into three major countries-the US, Canada, and Mexico. The US holds the largest market share owing to factors such as the increasing burden of pediatric diseases, rising number of product launches, and growing R&D activities to develop advanced pediatric MRI devices. The rising number of premature births, increasing prevalence of pediatric diseases, and high demand for preventive care and imaging solutions drive the demand for pediatric imaging systems. According to the Centers for Disease Control and Prevention (CDC), around 9.2 million children in the US are admitted to the emergency department due to accidental injuries caused by falls, road traffic accidents, and burns. Increasing cases of traumatic injuries propel the demand for MRI solutions.
North America Pediatric MRI Market Revenue and Forecast to 2028 (US$ Million)
North America Pediatric MRI Market Segmentation
The North America pediatric MRI market is segmented based on type, application, product type, age group, end user, and country. Based on type, the North America pediatric MRI market is segmented into functional brain MRI, cardiac MRI, 4D MRI, and others. The functional brain MRI segment held the largest market share in 2022.
Based on application, the North America pediatric MRI market is segmented into neurology, orthopedics, cardiology, oncology, and others. The neurology segment held the largest market share in 2022.
Based on product type, the North America pediatric MRI market is bifurcated into equipment and coil design. The equipment segment held a larger market share in 2022.
Based on age group, the North America pediatric MRI market is segmented into adolescent (11-18 Years), child (2-11 Years), infants and toddlers (28 Days-23 Months), neonatal stage (0-27 Days), and fetal stage. The adolescent (11-18 Years) segment held the largest market share in 2022.
Based on end user, the North America pediatric MRI market is segmented into hospitals, pediatric clinics, diagnostic centers, and others. The hospitals segment held the largest market share in 2022.
Based on country, the North America pediatric MRI market is segmented into the US, Canada, and Mexico. The US dominated the North America pediatric MRI market share in 2022.
Advanced Imaging Research Inc; Aspect Imaging Ltd; GE HealthCare Technologies Inc; Hyperfine Inc; Koninklijke Philips NV; LMT Medical Systems GmbH; NORAS MRI products GmbH; Siemens Healthineers AG; and Time Medical Holding are some of the leading players operating in the North America pediatric MRI market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America pediatric MRI market.
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- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 North America Pediatric MRI Market - By Type
- 1.3.2 North America Pediatric MRI Market - By Application
- 1.3.3 North America Pediatric MRI Market - By Product Type
- 1.3.4 North America Pediatric MRI Market - By Age Group
- 1.3.5 North America Pediatric MRI Market - By End User
- 1.3.6 North America Pediatric MRI Market- By Country
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. North America Pediatric MRI Market- Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 North America - PEST Analysis
- 4.3 Experts Opinion
5. North America Pediatric MRI Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 The Rising Number of Premature Births, and Pediatric Diseases
- 5.1.2 Adoption of Digital Health Technology to Improve Patient Care
- 5.2 Market Restraints
- 5.2.1 Limitations and Safety Challenges Associated with Pediatric MRI
- 5.3 Market Opportunities
- 5.3.1 Increasing Campaigns to Create Awareness Regarding Pediatric Safety
- 5.4 Future Trends
- 5.4.1 Use of MRI Simulators to Adapt Children to MRI Scanners
- 5.5 Impact Analysis
6. Pediatric MRI Market- North America Analysis
- 6.1 North America Pediatric MRI Market Revenue Forecast and Analysis
7. North America Pediatric MRI Market - Revenue and Forecast to 2028 - by Type
- 7.1 Overview
- 7.2 Pediatric MRI Market Revenue Share, by Type (2022 and 2028)
- 7.3 Functional Brain MRI (fMRI)
- 7.3.1 Overview
- 7.3.2 Functional Brain MRI (fMRI): Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Cardiac MRI
- 7.4.1 Overview
- 7.4.2 Cardiac MRI: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 7.5 4D MRI
- 7.5.1 Overview
- 7.5.2 4D MRI: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Pediatric MRI Market - Revenue and Forecast to 2028- By Application
- 8.1 Overview
- 8.2 Pediatric MRI Market Revenue Share, by Application (2022 and 2028)
- 8.3 Neurology
- 8.3.1 Overview
- 8.3.2 Neurology: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Orthopedics
- 8.4.1 Overview
- 8.4.2 Orthopedics: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 8.5 Cardiology
- 8.5.1 Overview
- 8.5.2 Cardiology: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 8.6 Oncology
- 8.6.1 Overview
- 8.6.2 Oncology: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Pediatric MRI Market - Revenue and Forecast to 2028- By Product Type
- 9.1 Overview
- 9.2 Pediatric MRI Market Revenue Share, by Product Type (2022 and 2028)
- 9.3 Equipment
- 9.3.1 Overview
- 9.3.2 Equipment: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Coil Design
- 9.4.1 Overview
- 9.4.2 Coil Design: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.3 Pediatric Head/Neck/Spine (HNS) MRI Coil
- 9.4.3.1 Overview
- 9.4.3.2 Pediatric Head/Neck/Spine (HNS) MRI Coil: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.4 Pediatric Blanket Coil
- 9.4.4.1 Overview
- 9.4.4.2 Pediatric Blanket Coil: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.5 Interchangeable Pediatric Brain Coil Set
- 9.4.5.1 Overview
- 9.4.5.2 Specifications of the Three Types of Interchangeable Pediatric Brain Coils
- 9.4.5.3 Interchangeable Pediatric Brain Coil Set: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4.6 Others
- 9.4.6.1 Overview
- 9.4.6.2 Others: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
10. North America Pediatric MRI Market - Revenue and Forecast to 2028- By Age Group
- 10.1 Overview
- 10.2 Pediatric MRI Market Share, by Age Group, 2022 and 2028, (%)
- 10.3 Fetal Stage
- 10.3.1 Overview
- 10.3.2 Fetal Stage: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4 Neonatal Stage (0-27 Days)
- 10.4.1 Overview
- 10.4.2 Neonatal Stage: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5 Infant and Toddler (28 Days To 23 Months)
- 10.5.1 Overview
- 10.5.2 Infant and Toddler: Pediatric MRI Market- Revenue and Forecast to 2028 (US$ Million)
- 10.6 Child (2-11 Years)
- 10.6.1 Overview
- 10.6.2 Child: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 10.7 Adolescents (12 To 18 Years)
- 10.7.1 Overview
- 10.7.2 Adolescents: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
11. North America Pediatric MRI Market - Revenue and Forecast to 2028- By End User
- 11.1 Overview
- 11.2 Pediatric MRI Market Share, by End User, 2022 and 2028, (%)
- 11.3 Hospitals
- 11.3.1 Overview
- 11.3.2 Hospitals: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 11.4 Pediatric Clinics
- 11.4.1 Overview
- 11.4.2 Pediatric Clinics: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 11.5 Diagnostic Centres
- 11.5.1 Overview
- 11.5.2 Diagnostic Centres: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
- 11.6 Others
- 11.6.1 Overview
- 11.6.2 Others: Pediatric MRI Market - Revenue and Forecast to 2028 (US$ Million)
12. North America Pediatric MRI Market - Revenue and Forecast to 2028 - by Country Analysis
- 12.1 North America: Pediatric MRI Market
- 12.1.1 Overview
- 12.1.2 North America: Pediatric MRI Market, by Country, 2022 & 2028 (%)
- 12.1.2.1 US: Pediatric MRI Market- Revenue and Forecast to 2028 (USD Million)
- 12.1.2.1.1 Overview
- 12.1.2.1.2 US: Pediatric MRI Market, Number of Anatomy Scans
- 12.1.2.1.3 US: Pediatric MRI Market - Revenue and Forecast to 2028 (USD Million)
- 12.1.2.1.4 US: Pediatric MRI Market, by Type, 2020-2028 (USD Million)
- 12.1.2.1.5 US: Pediatric MRI Market, by Application, 2020-2028 (USD Million)
- 12.1.2.1.6 US: Pediatric MRI Market, by Product Type, 2020-2028 (USD Million)
- 12.1.2.1.6.1 US: Pediatric MRI Market, by Coil Design, 2020-2028 (USD Million)
- 12.1.2.1.7 US: Pediatric MRI Market, by Age Group, 2020-2028 (USD Million)
- 12.1.2.1.8 US: Pediatric MRI Market, by End User, 2020-2028 (USD Million)
- 12.1.2.2 Canada: Pediatric MRI Market - Revenue and Forecast to 2028 (USD Million)
- 12.1.2.2.1 Overview
- 12.1.2.2.2 Canada: Pediatric MRI Market, Number of Anatomy Scans
- 12.1.2.2.3 Canada: Pediatric MRI Market - Revenue and Forecast to 2028 (USD Million)
- 12.1.2.2.4 Canada: Pediatric MRI Market, by Type, 2020-2028 (USD Million)
- 12.1.2.2.5 Canada: Pediatric MRI Market, by Application, 2020-2028 (USD Million)
- 12.1.2.2.6 Canada: Pediatric MRI Market, by Product Type, 2020-2028 (USD Million)
- 12.1.2.2.6.1 Canada: Pediatric MRI Market, by Coil Design, 2020-2028 (USD Million)
- 12.1.2.2.7 Canada: Pediatric MRI Market, by Age Group, 2020-2028 (USD Million)
- 12.1.2.2.8 Canada: Pediatric MRI Market, by End User, 2020-2028 (USD Million)
- 12.1.2.3 Mexico: Pediatric MRI Market - Revenue and Forecast to 2028 (USD Million)
- 12.1.2.3.1 Overview
- 12.1.2.3.2 Mexico: Pediatric MRI Market, Number of Anatomy Scans
- 12.1.2.3.3 Mexico: Pediatric MRI Market - Revenue and Forecast to 2028 (USD Million)
- 12.1.2.3.4 Mexico: Pediatric MRI Market, by Type - 2020-2028 (USD Million)
- 12.1.2.3.5 Mexico: Pediatric MRI Market, by Application, 2020-2028 (USD Million)
- 12.1.2.3.6 Mexico: Pediatric MRI Market, by Product Type, 2020-2028 (USD Million)
- 12.1.2.3.6.1 Mexico: Pediatric MRI Market, by Coil Design, 2020-2028 (USD Million)
- 12.1.2.3.7 Mexico: Pediatric MRI Market, by Age Group, 2020-2028 (USD Million)
- 12.1.2.3.8 Mexico: Pediatric MRI Market, by End User, 2020-2028 (USD Million)
13. North America Pediatric MRI Market-Industry Landscape
- 13.1 Overview
- 13.2 Growth Strategies in Pediatric MRI Market
- 13.3 Organic Growth Strategies
- 13.4 Inorganic Growth Strategies
14. Company Profiles
- 14.1 Siemens Healthineers AG
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Advanced Imaging Research Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 LMT Medical Systems GmbH
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Hyperfine Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 GE HealthCare Technologies Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Aspect Imaging Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 NORAS MRI products GmbH
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Koninklijke Philips NV
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 Time Medical Holding
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
15. Appendix
- 15.1 About The Insight Partners
- 15.2 Glossary of Terms