Pediatric Ultrasound Market for Cardiology by Age Group, Infants, Toddlers, Preschoolers, School-Aged Children and Adolescents - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 3934614
  • Report
  • Region: Global
  • 126 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Analogic Corporation
  • Esaote SpA
  • Fujifilm Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • MORE
Pediatric Ultrasound Market for Cardiology by Age Group [Newborns (Aged 0-4 Weeks), Infants (Aged 4 Weeks to 1 Year), Toddlers (Aged 1-3 Years), Preschoolers (Aged 4-6 Years), School-Aged Children (Aged 6-13 Years), and Adolescents (Aged 13-19 Years)] - Global Opportunity Analysis and Industry Forecast, 2014-2022

An ultrasound system uses high-pitched sound waves to visualize the internal structures of the body. Ultrasound systems find application in various clinical areas one of which is cardiology. A combination of ultrasound and Doppler imaging is used to study the heart’s anatomy and function in children. This test uses ultrasound waves that create different images of the heart, which the pediatric cardiologist further analyzes, to interpret the physiological condition of the heart. Children of all ages, including fetuses and newborns, to adolescents can undergo this test. Ultrasound devices, increase in the prevalence and incidents rate of cardiac diseases, and increase in the number of ultrasound diagnostic imaging procedures particularly in pediatrics, are some of its major advancements. Moreover, an ultrasound scan is generally preferred for children as there is no threat of exposure to ionizing radiations harming the tender body tissues (with repeated exposure) of infants. Conversely, dearth of skilled and experienced sonographers worldwide is a major factor restraining the market growth. The global pediatric ultrasound market for cardiology was $252 million in 2015 and is projected to reach $332 million by 2022, growing at a CAGR of 4% from 2016 to 2022

The pediatric ultrasound market for cardiology has flourished due to a large number of technological advancements in the industry, increase in the prevalence and incidents rate of congenital and acquired heart diseases (such as cardiomyopathy, rheumatic fever, kawasaki disease, and infective endocarditis) and increase in the number of ultrasound diagnostic imaging procedures particularly in pediatrics. The market has become mature in developed regions. However, the growth in these regions is primarily due to the technological innovations in the ultrasound industry to develop more portable ultrasound devices for point-of-care settings. However, the pediatric ultrasound market for cardiology is growing rapidly in emerging markets such as Asia-Pacific and LAMEA.

World pediatric ultrasound market for cardiology is segmented based on age group and region. Based on age group, the market divides into segments such as, newborns (0–4 weeks), infants (4 weeks to 1 year), toddlers (1–3 years), preschoolers (4–6 years), school-aged children (6–13 years), and adolescents (13–19 years). In 2015, newborns and adolescents segments generated highest revenue, together accounting for about half of the total market share. The use of ultrasound devices for cardiology examinations is continuously increasing for adolescents, which makes it the fastest growing segment, registering a CAGR of 4.5% during the forecast period. This is mainly due to increase in the prevalence of high blood pressure, smoking, and obesity among adolescents, which ultimately leads to cardiac disorders. Geographically, the market divides into four regions, namely, North America, Europe, Asia-Pacific, and Latin America, Middle East, and Africa (LAMEA).

KEY BENEFITS

In-depth analysis done based on market estimations of the key segments from 2014 to 2022.
Comprehensive analysis of factors that drive and restrict the growth of the world pediatric ultrasound market for cardiology provided.
The report provides a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Exhaustive analysis of the market by age group helps in understanding the different techniques of pediatric ultrasound for various age groups that are currently in use, along with the variants expected to gain prominence in the future.
Analysis of current research and clinical developments provided with key dynamic factors, help in understanding the market behavior.

Key market segment

MARKET BY AGE GROUP

Newborns (0–4 weeks)
Infants (4 weeks–1 year)
Toddlers (1–3 years)
Preschoolers (4–6 years)
School-Aged Children (6–13 years)
Adolescents (13–19 years)

MARKET

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Others
Asia-Pacific
Japan
India
China
Others
LAMEA
Latin America
Middle East
Africa
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FEATURED COMPANIES

  • Analogic Corporation
  • Esaote SpA
  • Fujifilm Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report description
1.1 Key benefits
1.2 Key market segment
1.3 Research methodology

1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings

3.2.1 Top investment pockets
3.2.2 Top winning strategies

3.3 Porters five forces analysis

3.3.1 Bargaining power of suppliers
3.3.2 Bargaining power of buyers
3.3.3 Threat of new entrants
3.3.4 Competitive rivalry
3.3.5 Threat of substitutes

3.4 Market dynamics

3.4.1 Drivers

3.4.1.1 Technological advancements in ultrasound devices
3.4.1.2 Rise in prevalence of pediatric chronic heart diseases
3.4.1.3 Increase in consciousness about diagnosis of cardiovascular diseases in children
3.4.1.4 Low threat of exposure to ionizing radiations

3.4.2 Restraints

3.4.2.1 Dearth of Skilled and dedicated pediatric sonographers
3.4.2.2 Limitations of ultrasound imaging

3.4.3 Opportunities

3.4.3.1 Investment in emerging technologies
3.4.3.2 Opportunities in emerging countries

3.5 Key player positioning, 2015
3.6 Industry trends

3.6.1 Increase in the technological innovations
3.6.2 Increase in the adoption of automated ultrasound devices
3.6.3 IT-integrated pediatric ultrasound devices

CHAPTER 4 WORLD ULTRASOUND MARKET FOR PEDIATRIC CARDIOLOGY, BY AGE GROUP

4.1 Overview

4.1.1 Market size and forecast
4.1.2 Newborns (0-4 weeks)

4.1.2.1 Market size and forecast

4.1.3 Infants (4 weeks-1 year)

4.1.3.1 Market size and forecast

4.1.4 Toddlers (1-3 years)

4.1.4.1 Market size and forecast

4.1.5 Preschoolers (4-6 years)

4.1.5.1 Market size and forecast

4.1.6 School-aged children (6-13 years)

4.1.6.1 Market size and forecast

4.1.7 Adolescents (13-19 years)

4.1.7.1 Market size and forecast

CHAPTER 5 WORLD PEDIATRIC ULTRASOUND MARKET FOR CARDIOLOGY , BY REGION, 2015-2022

5.1 Overview

5.1.1 Market size and forecast

5.2 North America

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.2.4 U.S.

5.2.4.1 Market size and forecast

5.2.5 Canada

5.2.5.1 Market size and forecast

5.2.6 Mexico

5.2.6.1 Market size and forecast

5.3 Europe

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.3.4 Germany

5.3.4.1 Market size and forecast

5.3.5 France

5.3.5.1 Market size and forecast

5.3.6 U.K.

5.3.6.1 Market size and forecast

5.3.7 Rest of Europe

5.3.7.1 Market size and forecast

5.4 Asia-Pacific

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
5.4.4 Japan

5.4.4.1 Market size and forecast

5.4.5 India

5.4.5.1 Market size and forecast

5.4.6 China

5.4.6.1 Market size and forecast

5.4.7 Rest of Asia-Pacific

5.4.7.1 Market size and forecast

5.5 LAMEA

5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast
5.5.4 Latin America

5.5.4.1 Market size and forecast

5.5.5 Middle East

5.5.5.1 Market size and forecast

5.5.6 Africa

5.5.6.1 Market size and forecast

CHAPTER 6 COMPANY PROFILES

6.1 Analogic Corporation

6.1.1 Company Overview
6.1.2 Company Snapshot
6.1.3 Operating Business Segments
6.1.4 Business Performance
6.1.5 Key Strategic Moves and Developments
6.1.6 SWOT Analysis

6.2 Esaote SpA

6.2.1 Company Overview
6.2.2 Operating Business Segments
6.2.3 Key Strategic Moves and Developments
6.2.4 SWOT Analysis

6.3 Fujifilm Corporation

6.3.1 Company Overview
6.3.2 Operating Business Segments
6.3.3 Business Performance
6.3.4 Key Strategic Moves and Developments
6.3.5 SWOT Analysis

6.4 General Electric Company

6.4.1 Company Overview
6.4.2 Company Snapshot
6.4.3 Operating Business Segments
6.4.4 Business Performance
6.4.5 Strategic Moves and Developments
6.4.6 SWOT Analysis

6.5 Hitachi, Ltd.

6.5.1 Company Overview
6.5.2 Company Snapshot
6.5.3 Operating Business Segments
6.5.4 Business Performance
6.5.5 Strategic Moves and Developments
6.5.6 SWOT Analysis

6.6 Koninklijke Philips N.V.

6.6.1 Company Overview
6.6.2 Company Snapshot
6.6.3 Operating Business Segments
6.6.4 Business Performance
6.6.5 Key Strategic Moves and Developments
6.6.6 SWOT Analysis

6.7 Mindray Medical International Limited

6.7.1 Company overview
6.7.2 Operating Business Segments
6.7.3 Business Performance
6.7.4 Key Strategic Moves and Developments
6.7.5 SWOT Analysis

6.8 Samsung Medison Co. Ltd. (a subsidiary of Samsung Electronics Co. Ltd.)

6.8.1 Company Overview
6.8.2 Operating Business Segments
6.8.3 Business Performance
6.8.4 Key Strategic Moves and Developments
6.8.5 SWOT Analysis

6.9 Siemens AG

6.9.1 Company Overview
6.9.2 Operating Business Segments
6.9.3 Business Performance
6.9.4 Key Strategic Moves and Developments
6.9.5 SWOT Analysis

6.10 Toshiba Corporation

6.10.1 Company Overview
6.10.2 Company Snapshot
6.10.3 Operating Business Segments
6.10.4 Business Performance
6.10.5 Strategic Moves and Developments
6.10.6 SWOT Analysis
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Analogic Corporation
  • Esaote SpA
  • Fujifilm Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • MORE
According to a new report titled, "Pediatric Ultrasound Market for Cardiology -Global Opportunity Analysis and Industry Forecast, 2014 -2022",the global revenue of pediatric ultrasound market for cardiology was $252 million in 2015 and is projected to reach $332 million by 2022, growing at a CAGR of 4% from 2016 to 2022. The adolescents (13-19 years) group led with one-fourth share of the overall market in 2015, and is expected to maintain its position throughout.

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.

The adolescents (aged 1319) segment accounted for the largest share of the market in 2015, and is anticipated to grow at a CAGR of 4.5% from 2016 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.

Key findings of the pediatric ultrasound market study:

Asia-Pacific dominated the market and is expected to maintain it lead throughout the forecast period, with a CAGR of 4.1%
Europe was the second leading market and is estimated to grow at a CAGR of 3.7%
The adolescents (aged 1319) segment was dominant in 2015, occupying largest revenue share and is anticipated to grow at a CAGR of 4.5%
Newborns (aged 04 weeks) accounted for second largest market share in 2015 and is anticipated to grow at a CAGR of 4.3%
Europe was the second leading market, generating a market share of 27.7% in 2015, 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.

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., and Siemens Healthcare.
Note: Product cover images may vary from those shown
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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
Toshiba Corporation
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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