The Allied Market Research published a report on Ultrasound Devices Market, Interesting fact and figures (CAGR, Global Size, Shares and Revenue with Business Growth Support and Market Value and Volume with Supply Demand Scenario and Pipeline Projects).
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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. 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.
Key Findings of the Ultrasound Devices Market:
- In terms of both value and volume, the newborn is projected to be the fastest growing segment during the forecast period.
- The midrange ultrasound devices segment accounted for nearly half of the total ultrasound devices market for pediatric radiology, in terms of both value and volume.
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.
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.
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