Pediatric Magnetic Resonance Imaging (MRI) Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.1% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Pediatric Magnetic Resonance Imaging (MRI) market was valued at approximately USD 2.1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. This growth is attributed to the rising prevalence of pediatric neurological disorders, increasing awareness regarding early disease diagnosis, and the expanding adoption of non invasive imaging technologies. North America held the largest regional share in 2022, accounting for over 35% of the global market value, driven by advanced healthcare infrastructure, favorable reimbursement policies, and growing investments in pediatric care. Europe followed closely, with a substantial market share of around 28%, supported by increasing technological advancements and the presence of a well established medical imaging industry.
Asia Pacific emerged as the fastest growing region in the pediatric MRI market, projected to witness a CAGR exceeding 7.5% during the forecast period. Factors such as improving healthcare access, rising birth rates, and growing healthcare investments in countries like China, India, and Japan are fueling the market expansion. Latin America and the Middle East & Africa also represent emerging opportunities due to increasing government focus on healthcare development and enhanced diagnostic capabilities. The rising incidence of congenital disorders and pediatric cancers, along with the demand for accurate and radiation free diagnostic tools, is expected to continue driving market demand across all regions. Additionally, increasing R&D activities focused on improving image resolution and reducing scan time presents untapped growth potential for manufacturers and healthcare providers globally.
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Siemens Healthineers AG
Hamilton Medical
Neoscan Solutions GmbH
Hyperfine
LMT Medical Systems GmbH
Advanced Imaging Research
SREE Medical Systems
General Electric Company
Champaign Imaging LLC
Koninklijke Philips NV
Fujifilm Holdings Corporation
GE Healthcare
Philips Healthcare
Canon Medical Systems
Hitachi Medical Systems
Bruker Corporation
Esaote S.p.A.
Hologic
Inc.
Mindray Medical International Limited
United Imaging Healthcare
Fonar Corporation
Medtronic
Time Medical Systems
Xoran Technologies
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pediatric Magnetic Resonance Imaging (MRI) Market
Conventional MRI
Functional MRI (fMRI)
Diffusion Tensor Imaging (DTI)
Magnetic Resonance Angiography (MRA)
Magnetic Resonance Spectroscopy (MRS)
Neurological Disorders
Musculoskeletal Disorders
Cancer Diagnostics
Cardiovascular Applications
Open MRI Systems
Closed MRI Systems
High-field MRI Systems
Low-field MRI Systems
Pediatric Hospitals
Diagnostic Imaging Centers
Research Laboratories
Specialized Clinics
Gadolinium-based Agents
Iron-based Agents
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pediatric Magnetic Resonance Imaging (MRI) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pediatric Magnetic Resonance Imaging (MRI) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pediatric Magnetic Resonance Imaging (MRI) Market, By Type
6. Global Pediatric Magnetic Resonance Imaging (MRI) Market, By Application
7. Global Pediatric Magnetic Resonance Imaging (MRI) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Pediatric Magnetic Resonance Imaging (MRI) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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