Pediatric Ultrasound Market Outlook 2020 – 2027 with Corona Virus (Covid-19) Impact Analysis: Samsung Medison, Esaote, Philips, GE Company, Hitachi, Toshiba Corporation

The report published on Pediatric Ultrasound is an invaluable foundation of insightful data helpful for the decision-makers to form the corporate strategies related to R&D investment, sales and growth, key trends, technological advancement, emerging market and other. The COVID-19 outbreak is currently going the world over, this report covers the impact of the corona-virus on leading companies in the Pediatric Ultrasound sector. Research report categorizes as the key players in the Pediatric Ultrasound market and also gives a inclusive study of Covid-19 impact analysis of the market by type, application and by regions like (Americas, APAC, and EMEA).

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The major factors boosting the market growth include technological advancements in ultrasound systems (such as 4D imaging capabilities incorporated in Vivid E95 cardiovascular ultrasound system), increase in incidence of cardiac diseases, and rise in public and private investments, grants, & funds for the development of more advanced ultrasound devices. In addition, increasing number of ultrasound diagnostic imaging procedures, rising demand for minimal invasive therapies, and growing awareness for early disease diagnosis are expected to drive the demand for pediatric cardiac ultrasound. Conversely, lack of skilled and experienced sonographers or pediatric cardiologists worldwide restrains the market growth.

Major Key Companies: Pediatric Ultrasound Market

The prominent players profiled in this 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 Healthcare.

Europe was the second leading market, generating a market share of 27.7% due to the high adoption rate of advanced technologies for diagnosis in European nations and high rate of heart diseases among adolescents owing to smoking, obesity, and physical inactivity.

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COVID-19 Scenario:

• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

Asia-Pacific accounted for the highest share in the world pediatric ultrasound market for cardiology, and is expected to grow at a CAGR of 4.1%. This is attributable to the rising number of pediatric congenital and acquired heart diseases in the developing countries, such as India and China, and increasing awareness related to early detection of cardiac diseases.

The adolescents (aged 1319) segment accounted for the largest share of the market, and is anticipated to grow at a CAGR of 4.5% from to 2022. This is due to the inactive lifestyle and obesity, which causes acquired heart diseases in adolescents, thus resulting in high use of echocardiogram. An ultrasound procedure is generally preferred for children as there is no threat of exposure to ionizing radiation that may harm the tender body tissues (with repeated exposure) of infants.

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