Pediatric Ultrasound Market : Emergence of Several New Industries to Create Fresh Opportunities
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.
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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.
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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.
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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.
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