Ultrasound Devices Market Overview:
Global Ultrasound Devices Market for pediatric radiology was valued at $661 million in 2015, and is poised to reach $1,112 million by 2022, registering an estimated of CAGR 7.6% during the forecast period. Ultrasound is a non-invasive diagnostic imaging method that uses high frequency sound waves to visualize images of the internal structures of the human body. Pediatric radiology is a subspecialty that involves radiologic manifestations of diseases that are prevalent among the pediatric population. The report analyzes the ultrasound devices market for pediatric radiology based on age group, portability, price, and geography.
Global Ultrasound Devices Market for Pediatric Radiology: Segmentation
According to the AMR analysis, the ultrasound devices market for pediatric radiology for school-aged children has experienced moderate growth in the recent years. The incidence rate of a disease increases with age of an individual. Thus, the adoption of ultrasound devices is expected to be high in this age group for radiology investigations, owing to lifestyle changes, food habits, and pollution exposure. As the age of a child increases, precision becomes a less important factor for selecting the device used for diagnosis.
Global Ultrasound Devices Market for School-aged Children, 2014-2022 ($Million)
The global ultrasound devices market for school-aged children is estimated to be valued at $128 million by 2022, registering a CAGR of 7.1% during the forecast period. This is mainly attributed to lifestyle changes such as tobacco smoking & eating habits, which could lead to obesity and various acquired diseases in this age group.
Top Player Positioning
The major participants in the global ultrasound devices market for pediatric radiology include GE Healthcare, Philips Healthcare, Toshiba Medical Systems Corporation, Siemens Healthcare, Mindray Medical International Limited, and Samsung Medison Co. Ltd.
These players have focused on product innovation and product development to sustain the intense competition in the ultrasound devices market for pediatric radiology. GE Healthcare is the leading player in the industry, owing to its broad product portfolio in cart-based and compact ultrasound devices segment. It has adopted strategies, such as product development and product commercialization, to maintain its leading position in the market. It has increased its focus towards the development of low cost, point-of-care ultrasound devices to capture the emerging markets.
- The study provides an in-depth analysis of the global ultrasound devices market for pediatric radiology along with the current trends and future estimations to elucidate the imminent investment pockets.
- The report provides a quantitative analysis for the period of 2014-2022 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the global ultrasound devices market for pediatric radiology helps in understanding the applications of ultrasound devices for various radiological procedures for pediatric population.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
Ultrasound Devices Market Key Segments
The ultrasound devices market for pediatric radiology market is segmented based on age group, portability, price, and geography.
By Age Group
- Newborns (0-6 months)
- Infants (6 months to 1 year)
- Toddlers (1-3 years)
- Preschoolers (4-6 years)
- School-aged Children (6-13 years)
- Adolescents (13-19 years)
- Trolley/Cart-based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
- Premium Ultrasound Systems
- High-end Ultrasound Systems
- Midrange Ultrasound Systems
- Low-end Ultrasound Systems
- North America
- Rest of the World
The key companies profiled in the report are Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd. (a subsidiary of Samsung Electronics Co. Ltd.), Siemens AG, and Toshiba Corporation. Other players operating in this market include Volcano Corporation, Terason Division Teratech Corporation, Signostics Ltd, Olympus Corporation, Carestream Health, SuperSonic, and Trivitron Healthcare.