Rising applications of ultrasound in healthcare such as sonography and renal denervation and increasing demand for minimal invasive procedures are the key drivers for ultrasonic sensors market. The demand for minimally invasive procedures/surgeries (MIS) is on a rise. These procedures result in fewer traumas to the patient and quicker recovery than invasive procedures such as open heart surgery. Increasing prevalence of chronic diseases and injuries pertaining to muscles, joints, tendons, vessels and internal organs is expected to drive the ultrasonic sensors market over the forecast period. Low cost and less adverse effects associated with these products are further expected to increase adoption of ultrasonic sensors over the forecast period.
Detection & ranging, imaging, acoustic microscopy and processing & power are the product segments for ultrasound market. Detection & ranging is further classified into non contact sensors, motion sensors & flow measurement, ultrasonic range finding and ultrasound identification. Non-contact sensors are anticipated to witness lucrative growth over the forecast period owing to the increasing demand for these sensors. Imaging is basically done of an object with 3GHZ sound waves producing resolution which is comparable to an optical image. Acoustic microscopy market is further classified into human medicines and veterinary medicines. Both human and veterinary medicines are used to detect soft tissues injury, muscles, tendons and internal organs. Processing & power segment is classified into biomedical application and ultrasonic cleaning. Biomedical application is highly useful when used dosage precautions. Other usage are characterizing particulates by techniques of transcranial pulsed ultrasound or electroacoustic phenomena or by ultrasound attenuation spectroscopy.
Geographically, North America dominated the ultrasound sensors market in terms of revenue share in 2013 owing to the introduction of technologically advanced products and rising demand for minimally invasive surgical procedures. Asia Pacific region is considered to be the most lucrative market segment due to its increasing disposable income and rising patient awareness about ultrasonic treatments used during the forecast period.
Key players for the ultrasonic sensor market include Migatron Corp., Omron, Blatek Inc., Maxbotix, Philips, Vermon, Pepperl+Fuchs, Rockwell Automation, Esaote, and Acuson. Ultrasonic sensors Market is highly competitive and consolidated in nature. Market players are adopting many strategies for the development of their business.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.