Pediatric Ultrasounds Market Forecast (2024-2031)
The Pediatric Ultrasounds Market is expected to register a CAGR of 4.7 % from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented Product Type (Newborns, Infants, Adolescents, Others). Also, the report is segmented based on End User (Hospitals, Diagnostic Centers, Pediatric Centers). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Pediatric Ultrasounds Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Pediatric Ultrasounds Market Segmentation
Product Type- Newborns
- Infants
- Adolescents
- Others
- Hospitals
- Diagnostic Centers
- Pediatric Centers
Strategic Insights
Pediatric Ultrasounds Market Growth Drivers- Growing Rates of Pediatric Health Problems: The increasing occurrence of health problems in children such as defects at birth and behavior modification problems is one of the major factors propelling the growth of the pediatric ultrasounds market. The use of tools like ultrasound scans helps in the early and proper treatment of patients. For this reason, there is an increasing need for consistent imaging enhancement to every woman in labor, thus increasing the pediatric ultrasound apparatus demand and use in hospitals.
- Changed Approach Towards Imaging Methods: Improvements that have been made in ultrasound imaging, including high definition clear imaging and the use of lighter and less bulky imaging devices, have become factors favorably affecting the demand in the pediatric ultrasounds market. Advanced technologies like 3D and 4D image generation make it much easier for the healthcare expert to evaluate a child when such advances are incorporated in the imaging machine. They are cutting edge technologies that enhance patient satisfaction as well as precision in diagnosis which in turn is encouraging even more ultrasound technology assimilation in pediatric medicine.
- Alongside This, More Focus is Being Put on Detecting Illnesses Early On: There are more preventive approaches that are being developed and demanded early enough in the child’s developmental stages. The health practitioners have started realizing the value of acting fast in order to save patients. In pediatric practice, children’s radiology is an important, easy and safe way if imaging and monitoring where possible. Thus, the demand for pediatric ultrasounds is expanding.
- The Ascendancy of Hand-held Ultrasound Machines: A significant development in the market for pediatric ultrasounds is the growth of handheld ultrasound devices. These devices come in small and light-weight designs, offering more accessibility and convenience as they can be used in any place where imaging is required such as peoples out-patient clinic and in patient’s emergency units. Ultrasound can also be carried out in a child’s world which is very encouraging and lessens the stress of children in general.
- The Adoption of AI: The use of artificial intelligence in pediatric ultrasound technology is revolutionizing the industry. Indeed, with the implementation of AI algorithms, for instance, image analysis is made easier for clinicians hence they take less time to detect abnormality. This not only reduces the burden on clinicians but focuses on the benefits of the tools provided to the health care system in order to enhance pediatrics in care and results.
- Focus on Skills Development and Training Initiatives: In the market for pediatric ultrasounds, there is a wider scope for training and education on the products which is in response to imaging techniques being complicated and the skills levels required. Healthcare facilities are availing teachings and refresher courses for pediatricians and sonographers to improve their skills on operating ultrasound. This in turn assists in building confidence in making diagnoses and promotes utilization of ultrasound practices in the management of children.
- Creation of Sophisticated Pediatric Ultrasound Equipment: There exists an interesting chance to innovate in the field of designing pediatric ultrasound equipment for medical conditions and age groups. For example, manufacturers can produce devices with stress-free capacity for young children infants, this manner considering this unique anatomical and physiological unit. Such specialization can improve imaging and the use of ultrasound equipment even in the pediatric population.
- Introduction of the Concept of Telemedicine Services: The concept of telehealth is also a significant opportunity for the market of pediatric ultrasounds. Telephone Encounters and Examinations can be supplemented with ultrasound technologies through a combination of ultrasonography and telemedicine. It aims at providing medical services to children of the population living in remote places where such doctors are not available. This integration also enhances why patients want to be treated from home and further enhances the role of pediatric ultrasounds in the healthcare system.
- Partnership with Pediatric Specialty Centers: The manufacturers may consider looking into the prospects of partnership with pediatric specialty centers in order to improve the application of ultrasound in particular specialties such as cardiology or nephrology. In partnership, they would create appropriate ultrasound equipment and training which will enhance diagnosis and optimize processes resulting in increased use and effectiveness of ultrasound capabilities in focused pediatric care.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pediatric Ultrasounds Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Pediatric Ultrasounds Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
General Electric Company, Koninklijke Philips N.V, and Siemens AG accounted for more than 40% market shares in the year 2023
Infants ype segments accounts for major share in the market
Asia Pacific region is the fastest growing in the market
The Pediatric Ultrasounds Market is estimated to witness a CAGR of 4.7 % from 2023 to 2031
Approximately 150-200 word file pages is the standard report
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pediatric Ultrasounds Market - By Product Type
1.3.2 Pediatric Ultrasounds Market - By End User
1.3.3 Pediatric Ultrasounds Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEDIATRIC ULTRASOUNDS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PEDIATRIC ULTRASOUNDS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PEDIATRIC ULTRASOUNDS MARKET - GLOBAL MARKET ANALYSIS
6.1. PEDIATRIC ULTRASOUNDS - GLOBAL MARKET OVERVIEW
6.2. PEDIATRIC ULTRASOUNDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEDIATRIC ULTRASOUNDS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. NEWBORNS
7.3.1. Overview
7.3.2. Newborns Market Forecast and Analysis
7.4. INFANTS
7.4.1. Overview
7.4.2. Infants Market Forecast and Analysis
7.5. ADOLESCENTS
7.5.1. Overview
7.5.2. Adolescents Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PEDIATRIC ULTRASOUNDS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. DIAGNOSTIC CENTERS
8.4.1. Overview
8.4.2. Diagnostic Centers Market Forecast and Analysis
8.5. PEDIATRIC CENTERS
8.5.1. Overview
8.5.2. Pediatric Centers Market Forecast and Analysis
9. PEDIATRIC ULTRASOUNDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pediatric Ultrasounds Market Overview
9.1.2 North America Pediatric Ultrasounds Market Forecasts and Analysis
9.1.3 North America Pediatric Ultrasounds Market Forecasts and Analysis - By Product Type
9.1.4 North America Pediatric Ultrasounds Market Forecasts and Analysis - By End User
9.1.5 North America Pediatric Ultrasounds Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pediatric Ultrasounds Market
9.1.5.1.1 United States Pediatric Ultrasounds Market by Product Type
9.1.5.1.2 United States Pediatric Ultrasounds Market by End User
9.1.5.2 Canada Pediatric Ultrasounds Market
9.1.5.2.1 Canada Pediatric Ultrasounds Market by Product Type
9.1.5.2.2 Canada Pediatric Ultrasounds Market by End User
9.1.5.3 Mexico Pediatric Ultrasounds Market
9.1.5.3.1 Mexico Pediatric Ultrasounds Market by Product Type
9.1.5.3.2 Mexico Pediatric Ultrasounds Market by End User
9.2. EUROPE
9.2.1 Europe Pediatric Ultrasounds Market Overview
9.2.2 Europe Pediatric Ultrasounds Market Forecasts and Analysis
9.2.3 Europe Pediatric Ultrasounds Market Forecasts and Analysis - By Product Type
9.2.4 Europe Pediatric Ultrasounds Market Forecasts and Analysis - By End User
9.2.5 Europe Pediatric Ultrasounds Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pediatric Ultrasounds Market
9.2.5.1.1 Germany Pediatric Ultrasounds Market by Product Type
9.2.5.1.2 Germany Pediatric Ultrasounds Market by End User
9.2.5.2 France Pediatric Ultrasounds Market
9.2.5.2.1 France Pediatric Ultrasounds Market by Product Type
9.2.5.2.2 France Pediatric Ultrasounds Market by End User
9.2.5.3 Italy Pediatric Ultrasounds Market
9.2.5.3.1 Italy Pediatric Ultrasounds Market by Product Type
9.2.5.3.2 Italy Pediatric Ultrasounds Market by End User
9.2.5.4 Spain Pediatric Ultrasounds Market
9.2.5.4.1 Spain Pediatric Ultrasounds Market by Product Type
9.2.5.4.2 Spain Pediatric Ultrasounds Market by End User
9.2.5.5 United Kingdom Pediatric Ultrasounds Market
9.2.5.5.1 United Kingdom Pediatric Ultrasounds Market by Product Type
9.2.5.5.2 United Kingdom Pediatric Ultrasounds Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pediatric Ultrasounds Market Overview
9.3.2 Asia-Pacific Pediatric Ultrasounds Market Forecasts and Analysis
9.3.3 Asia-Pacific Pediatric Ultrasounds Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Pediatric Ultrasounds Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Pediatric Ultrasounds Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pediatric Ultrasounds Market
9.3.5.1.1 Australia Pediatric Ultrasounds Market by Product Type
9.3.5.1.2 Australia Pediatric Ultrasounds Market by End User
9.3.5.2 China Pediatric Ultrasounds Market
9.3.5.2.1 China Pediatric Ultrasounds Market by Product Type
9.3.5.2.2 China Pediatric Ultrasounds Market by End User
9.3.5.3 India Pediatric Ultrasounds Market
9.3.5.3.1 India Pediatric Ultrasounds Market by Product Type
9.3.5.3.2 India Pediatric Ultrasounds Market by End User
9.3.5.4 Japan Pediatric Ultrasounds Market
9.3.5.4.1 Japan Pediatric Ultrasounds Market by Product Type
9.3.5.4.2 Japan Pediatric Ultrasounds Market by End User
9.3.5.5 South Korea Pediatric Ultrasounds Market
9.3.5.5.1 South Korea Pediatric Ultrasounds Market by Product Type
9.3.5.5.2 South Korea Pediatric Ultrasounds Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pediatric Ultrasounds Market Overview
9.4.2 Middle East and Africa Pediatric Ultrasounds Market Forecasts and Analysis
9.4.3 Middle East and Africa Pediatric Ultrasounds Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Pediatric Ultrasounds Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Pediatric Ultrasounds Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pediatric Ultrasounds Market
9.4.5.1.1 South Africa Pediatric Ultrasounds Market by Product Type
9.4.5.1.2 South Africa Pediatric Ultrasounds Market by End User
9.4.5.2 Saudi Arabia Pediatric Ultrasounds Market
9.4.5.2.1 Saudi Arabia Pediatric Ultrasounds Market by Product Type
9.4.5.2.2 Saudi Arabia Pediatric Ultrasounds Market by End User
9.4.5.3 U.A.E Pediatric Ultrasounds Market
9.4.5.3.1 U.A.E Pediatric Ultrasounds Market by Product Type
9.4.5.3.2 U.A.E Pediatric Ultrasounds Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pediatric Ultrasounds Market Overview
9.5.2 South and Central America Pediatric Ultrasounds Market Forecasts and Analysis
9.5.3 South and Central America Pediatric Ultrasounds Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Pediatric Ultrasounds Market Forecasts and Analysis - By End User
9.5.5 South and Central America Pediatric Ultrasounds Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pediatric Ultrasounds Market
9.5.5.1.1 Brazil Pediatric Ultrasounds Market by Product Type
9.5.5.1.2 Brazil Pediatric Ultrasounds Market by End User
9.5.5.2 Argentina Pediatric Ultrasounds Market
9.5.5.2.1 Argentina Pediatric Ultrasounds Market by Product Type
9.5.5.2.2 Argentina Pediatric Ultrasounds Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PEDIATRIC ULTRASOUNDS MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KONINKLIJKE PHILIPS N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SIEMENS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAMSUNG MEDISON CO. LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ESAOTE SPA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FUJIFILM CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HITACHI, LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MINDRAY MEDICAL INTERNATIONAL LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOSHIBA CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. General Electric Company
2. Koninklijke Philips N.V.
3. Siemens AG
4. Samsung Medison Co. Ltd.
5. Esaote SpA
6. Fujifilm Corporation
7. Hitachi, Ltd
8. Mindray Medical International Limited
9. Toshiba Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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