Pediatric MRI uses a powerful magnetic field, radio waves and a computer to produce detailed images of the child’s body. MRI is used to diagnose or monitor treatment for a variety of conditions within the chest, brain, abdomen, pelvis, and extremities. It is also used for imaging the joints and bones to diagnose sports-related injuries or to detect the presence of a tumor or infection in a joint.
Siemens Healthineers AG, and Koninklijke Philips N.V.- Notable Market Players in Pediatric MRI Market
Market leaders operating in the market have undertaken various organic growth strategies in the pediatric MRI market. The pediatric MRI market majorly consists of the players Siemens Healthineers AG, Koninklijke Philips N.V., Hamilton Medical, Advanced Imaging Research dba SREE Medical Systems, LMT Medical Systems GmbH, Hyperfine, Neoscan Solutions GmbH, Aspect Imaging Ltd, Champaign Imaging, General Electric Company. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.
Below is the list of the growth strategies done by the players operating in the pediatric MRI market:
| Year | News |
| Mar-2021 | Koninklijke Philips N.V. and The Walt Disney Company EMEA announced a collaboration to test the effects of custom-made animation, including specially created Disney stories, within Philips Ambient Experience, a solution that integrates architecture, design, and enabling technologies, such as dynamic lighting, video projections, and sound, to allow patients and staff to personalize their environment. |
| May-2021 | Neoscan Solutions has unveiled a compact, light MRI scanner meant to reduce travel time and scan unwell babies as they sleep. According to a news release, this lightweight scanner uses digitizers and AWGs (arbitrary waveform generators) and differs from current MRI scanners, which weigh around eight tonnes and must be located on floors that can bear such weight, while also requiring more space and support equipment, as well as liquid helium supercooling, which requires special handling. |
| Dec-2020 | LMT Medical Systems created the “Nomag IC Enhanced,” an advanced MR Diagnostics Incubator that allows neonates and preterm babies to be moved straight from the NICU into the MR suite for testing using optimum, non-invasive Magnetic Resonance Imaging. Throughout the transit and MRI examination, the infant is safeguarded inside the life-sustaining, temperature and humidity-controlled MR-incubator. |
| Nov-2020 | Hyperfine has launched a global research programme to identify and mitigate infant brain injury using portable MR imaging technology. With financing from the Bill & Melinda Gates Foundation, this effort will deliver Swoop Portable MR Imaging devices to low-income nations with a high incidence of newborn asphyxia and Hypoxic Ischemic Encephalopathy (HIE). Hyperfine launched $1.6M for this project to mitigate infant brain injury. |
