Pediatric Ultrasound Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Pediatric Ultrasound Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : April, 2020 | Medical Devices | PPT format

Report Digest


Global Pediatric Ultrasound Market: Snapshot

Ultrasound imaging, or sonography, makes use of sound waves in high frequencies to take a look inside the body. It is a noninvasive diagnostic procedure that can be used to capture images of the human anatomy in real time. Their real time imaging capabilities also allow them to display internal organ movements, including blood flow and blood vessel formations. The advantage of ultrasound over similar imaging technologies such as X-ray imaging, is that the former does not expose patients to harmful rays. This forms the core principle of using ultrasound imaging in pediatric care.

Ultrasound technologies are designed to be safe and painless for patients while still being able to produce accurate images of the anatomy. Pediatric ultrasound can therefore be a significantly better method of generating images of a child’s abdomen for the sake of examination. Common body parts that can be diagnosed using ultrasound include the kidneys, stomach, appendix, uterus, spleen, and pancreas. Pediatric ultrasound imaging can therefore help a doctor check the child for deformities or the cause of pain in their abdomen. Ultrasound technologies are also highly advantageous when providing guidance for surgeons attempting to operate on the child. While it is uncommon, abdominal buildup of fluids can occur in children, and needs to be taken care of immediately. Pediatric ultrasound imaging comes handy in situations such as there.

Global Pediatric Ultrasound Market: Overview

Pediatric ultrasound imaging, also called pediatric sonography, is one of the standard imaging techniques used across a variety of healthcare facilities to scan different parts of body of children to diagnose and treat a number of medical conditions. The noninvasive and safe nature of the imaging technique is significantly used to evaluate and examine a variety of conditions and is witnessing a steady rise in demand across the globe owing to a significant rise in several diseases affecting children.

This report on the global pediatric ultrasound market presents a detailed overview of the present growth dynamics of the market and an analytical overview of the key factors expected to exert a significant impact on the overall development of the market over the period 2017-2025.

Global Pediatric Ultrasound Market: Trends and Opportunities

A host of factors are leading to the increased demand for pediatric ultrasound devices in the global market, including the significant rise in prevalence of a number of pediatric diseases, the resultant rise in demand for increased number of diagnostic procedures, and the increased consciousness among parents about the need for early diagnosis of pediatric diseases. The low threat of exposure to harmful radiations as compared to other popular imaging techniques and technological advancements in the field of pediatric ultrasound are also expected to drive the market.

Additionally, vast untapped growth opportunities in developing and less-developed economies are also expected to drive the market for pediatric ultrasounds in the next few years. However, the market’s growth is expected to be restrained to a certain extent owing to the thriving industry of refurbished medical devices, limited availability of skilled resources, and some inherent limitations of the ultrasound technology that restrict their scope of use.

Global Pediatric Ultrasound Market: Geographical Analysis

From a geographical perspective, the report examines the global pediatric ultrasound market across regions such as Europe, North America, Asia Pacific, and Middle East and Africa. Of these, the markets across developed regions such as North America and Europe are amongst the top revenue-grossers for the global market. The high prevalence of pediatric chronic heart diseases, high awareness among parents about children health, and technologically advanced healthcare infrastructures in these regions are the key factors driving the pediatric ultrasound market.

Over the report’s forecast period, however, the market for pediatric ultrasound in Asia Pacific is expected to exhibit growth at the most promising pace, chiefly owing to the increased focus of government bodies on modernization of healthcare infrastructures and rising expenditure on healthcare and fitness. With the presence of some of the world’s leading medical device manufacturers such as Hitachi and Toshiba, Japan dominates the Asia Pacific pediatric ultrasound market.

Global Pediatric Ultrasound Market: Competitive Overview

The vendor landscape of the global pediatric ultrasound market features intense competition in terms of product pricing and product features. The rising demand for portable and handheld systems has compelled leading vendors to focus on this niche segment of the market to reap sustainable returns. Futuristic technologies such as 3D and 4D ultrasound devices are also gaining increasing acceptance across developed regional markets as well as developing regional markets, a trend that could result in excellent growth opportunities for vendors wanting to venture into the pediatric ultrasound market.

Some of the leading companies contributing to the development of the global pediatric ultrasound market are Toshiba Medical System Corporation, Boston Scientific, Agfa-Gevaert NV, Hitachi Medical Corporation, Esaote SpA, General Electric Company, Fujifilm Corporation, Koninklijke Philips N.V., Samsung Medison Co. Ltd., Mindray Medical International Limited, GE Healthcare, and Siemens Healthcare.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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