The global pediatric ultrasound market size was US$ 365.75 million in 2021. The global pediatric ultrasound market size is forecast to reach US$ 574.9 million by 2030, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
Pediatric ultrasound, also known as echocardiography, enables doctors to evaluate the heart of a child to determine if they have any congenital or acquired diseases. Echocardiography provides detailed information on a number of heart lesions in children. A Doppler test measures the speed and direction of blood flow using ultrasound waves or sound waves. The pediatric cardiologist or pediatric sonographer uses these two tests together to study the heart's anatomy and function. The most common test used in children is echocardiography to diagnose or rule out heart disease and follow up on children already diagnosed with a heart problem. Suitable for children of any age, including fetuses, newborns, and adolescents.
Factors Influencing Market Growth
Impact Analysis of COVID-19
In the COVID-19 pandemic, pediatricians used pediatrics ultrasound to diagnose and monitor respiratory conditions in children. Additionally, patients younger than 18 years of age and positive for COVID-19 admitted to pediatric tertiary referral hospitals attended. As a result, this factor increased the demand for pediatric ultrasounds, thereby driving the global market growth.
Regional Insights
The Asia Pacific region held dominant in the market in 2021. Developing healthcare infrastructure and increasing expenditures in emerging markets (India and China) are leading to an increase in healthcare spending. The development of cost-effective devices in these nations poses a lucrative opportunity for market growth. Additionally, growing incidences of pediatric cardiac diseases and unmet healthcare needs in developing countries such as China and India are favoring the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global pediatric ultrasound market are:
Scope of the Report
The global pediatric ultrasound market segmentation focuses on Age Group, Modality, End-User, and Region.
Segmentation based on Age Group
Segmentation based on Modality
Segmentation based on End-User
Segmentation based on Region