Press release
Ultrasound Devices Market is Making New Waves Throughout Medical Devices Industry: Analysis and Industry Forecast, 2014-2022
Ultrasound devices find their application in radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and other emergency clinical areas, such as emergency medicines, anesthesiology, and musculoskeletal. Radiology/general imaging was the largest segment in 2015 and generated about $2 billion in the same year. Rise in demand for high-quality diagnostic and therapeutic imaging capabilities, as well as the rising awareness related to radiation dose concerns with other ultrasound imaging modalities have driven the growth of this segment.
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Pediatric radiology is a subspecialty of radiology, which deals in imaging of fetuses, infants, children, and adolescents. A special focus is given towards the training and development of pediatric radiologists by government and private organizations to cater to the specific requirements of children. Ultrasound is used for non-invasive examination of organs of children without being exposed to ionizing radiation.
The global ultrasound market for pediatric radiology is driven by increase in incidence of various diseases among the pediatric population, worldwide, which require the use of ultrasound devices for diagnostic and therapeutic purposes. In addition, factors such as growing demand for pediatric radiology procedures in the emerging markets and rapid IT integration in radiology for accurate diagnosis are expected to boost the ultrasound devices market for pediatric radiology. However, plummeting reimbursement rates for ultrasound procedures and dearth of skilled and experienced radiologists are expected to hamper the market growth.
The newborns segment held the major share in the market, and is expected to continue its dominance throughout the forecast period. This segment is expected to grow at the fastest CAGR of 8.0% during 2016-2022, owing to increase in congenital defects in newborns, worldwide. Thus, the number of ultrasound procedures for radiology investigations in the newborn population remains to be higher than that in other age groups.
In 2015, North America occupied more than one-fourth of the total market (in terms of value and volume), owing to the high prevalence of various pediatric diseases. Europe exhibits significant adoption of technologically advanced ultrasound devices for pediatric application.
The major companies profiled in the report include Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd, Siemens AG, and Toshiba Corporation.
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Table Of Content
Chapter: 1 INTRODUCTION
1.1. RESEARCH OBJECTIVES
1.2. REPORT DESCRIPTION
1.3. KEY BENEFITS
1.4. KEY MARKET SEGMENTS
1.5. RESEARCH METHODOLOGY
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
Chapter: 3 MARKET OVERVIEW
3.1. OVERVIEW
3.2. MARKET DEFINITION AND SCOPE
3.3. TOP INVESTMENT POCKETS
3.4. TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rise in prevalence of pediatric diseases worldwide
3.5.1.2. Increase in demand for pediatric radiology procedures in emerging markets
3.5.1.3. Growing integration of IT in radiology
3.5.1.4. Technological advancements expected to drive the ultrasound devices market for pediatric radiology
3.5.2. Restraints
3.5.2.1. Reimbursement cuts for ultrasound procedures for pediatric radiology
3.5.2.2. Dearth of expertise and availability of skilled pediatric radiologists
3.5.3. Opportunities
3.5.3.1. Training and development programs create opportunities
3.5.3.2. Spiraling increase in pediatric interventional radiology procedures
3.5.4. Trends
3.5.4.1. Multidisciplinary teams to achieve the objective of dose reduction
3.5.4.2. Radiation dose optimization in ultrasound imaging for pediatric radiology
3.5.4.3. Real-time 3D imaging: A significant future trend for ultrasound imaging in pediatric radiology
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