Global Pediatric Ultrasound Market is growing at a CAGR of 4% during 2016 to 2022 – 2022 : Acute Market Reports
The pediatric ultrasound market for cardiology is estimated to reach $332 million by 2022, from 2015 market value of $252 million, growing at a CAGR of 4% during 2016 to 2022. Pediatric ultrasound for cardiology, also known as echocardiograph, is done for attaining a complete view of congenital and acquired heart diseases in children. Echocardiographic evaluation gives detailed information of numerous lesions present in the pediatric heart. Ultrasound waves or sound waves are used to develop different images of heart, and a Doppler test is done to measure the speed and direction of blood flow.
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These two tests are combined and used by the pediatric cardiologist or pediatric sonographer to learn aspects regarding the functioning of the heart and its anatomy. Echocardiography is the most common test used in children to diagnose or rule out heart disease, and also to follow children who have already been diagnosed with a heart problem. This test can be performed on children of all ages, including fetuses and newborns to adolescents. The world pediatric ultrasound market for cardiology is a growing market, mainly due to the large number of technological advancements (such as 3D & 4D imaging) in ultrasound systems, increased prevalence and incidence rate of cardiac diseases in children, and rise in awareness for early disease diagnosis. Conversely, dearth of skilled and experienced sonographers worldwide is a major factor restraining the market growth.
The world pediatric ultrasound market for cardiology is segmented based on age group and region. Based on geography, pediatric ultrasound market for cardiology is studied with respect to four major regions, namely, North America (including U.S., Canada, and Mexico), Europe (including Germany, France, U.K. and Rest of Europe), Asia-Pacific (including Japan, China, India, and Rest of Asia-Pacific), and LAMEA (including Latin America, Middle East, and Africa). The report includes revenue generated from the sales of the aforementioned ultrasound devices. This study excludes revenue generated from post-sale services of the devices (after the expiration of contracts).
Echocardiography is the most common test utilized to diagnose cardiac diseases, and also to follow children diagnosed with cardiac problem. Among all age groups, the adolescents (1319 years) group is the major segment, and is expected to exhibit the highest CAGR during the forecast period. This growth is mainly due to inactive lifestyle and obesity that leads to different acquired heart diseases in adolescents, which results into high use of echocardiogram.
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Geographical Market Snapshot:
Geographically, Asia-Pacific region generated maximum revenue in 2015, and is also estimated to be the fastest growing region during the forecast period. The market growth in this region is supplemented by the rise in healthcare reforms, high prevalence of pediatric cardiac diseases, and presence of high unmet needs, especially in countries such as India and China. Moreover, Europe is expected to be the second largest region. The market has gained its maturity in this region due to the wide adoption of ultrasound devices for pediatric cardiology; however, introduction of technologically advanced devices caters the market growth at a steady pace.
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