Global Pediatric MRI Market: Snapshot
Increased adoption of pediatric MRI due to surge in number of pediatric diseases across the globe is projected to create lucrative opportunities for companies operating in the global pediatric MRI market during the forecast period of 2021 to 2031.
An upcoming research report by Transparency Market Research gives thorough analysis of major factors influencing the development of the global pediatric MRI market. In-depth analysis of major market driving factors, restraining factors, challenges, R&D activities, demand-supply ratio, technological advancements, and expansion opportunities is provided in this research report. As a result, the report works as a helpful guide to gather meaningful insights on the global pediatric MRI market for the forecast period of 2021 to 2031.
Type, application, end-user, and region are some of the prominent factors considered for the segmentation of the global pediatric MRI market. In terms of type, the market for pediatric MRI is divided into four main parts, namely, MRI, 4D MRI, functional brain MRI (fMRI), and others.
Key Drivers of Pediatric MRI Market Growth
Pediatric MRI devices are mainly utilized across diagnostic centers and hospitals. Orthopedics, neurology, oncology, and cardiology are some of the prominent applications of these devices. Over the period of past few years, there is significant increase in number of traumatic injuries and preterm births across the globe. This factor is expected to generate prominent demand opportunities in the global pediatric MRI market in the upcoming years.
MRI devices are used in the diagnosis of different disorders including inflammation, spinal cord and brain tumors, injuries, and infections. Owing to this wide range of device application, the global pediatric MRI market is estimated to expand at prominent pace in the upcoming years. Surge in the use of pediatric MRI devices across varied pathologies including intraventricular hemorrhage, periventricular hemorrhagic infarction, and periventricular leukomalacia is driving growth of the market.
Competition Landscape of Pediatric MRI Market
The global pediatric MRI market seems to be moderately fragmented in nature. Due to presence of several players, the competitive landscape of the market for pediatric MRI is quite fierce. Major enterprises operating in the market are executing organic and inorganic strategies to maintain their prominent position.
Many players in the global pediatric MRI market are increasing investment in the R&D activities. Main motive of these researches is advancing the quality of products they offer. Some of the important strategies by market players include new product launches, joint ventures, partnerships, mergers, acquisitions, and collaborations. On the back of all these activities, the market for pediatric MRI is expected to expand in the upcoming years.
Some of key players operating in the global pediatric MRI market are:
Pediatric MRI Market Regional Outlook
In terms of region, the global pediatric MRI market shows existence in many regions including North America, Europe, South and Central America, Asia Pacific, and Middle East and Africa. Among all regions, Asia Pacific is one of the prominent regions of the market for pediatric MRI.
The Asia Pacific pediatric MRI market is estimated to expand in the forthcoming years on the back of increased cases of preterm births across many regional nations such as China and India.