Press release
Ultrasonic Technologies Market Share 2021: Industrial Trends, Shares, Demand, Growth Opportunities, Industrial Revenues, Future and Business Analysis by Forecast 2027
The Ultrasonic Technologies Market Report is a fusion of competitive scenarios and key trends affecting industry growth in areas of a successful business. In addition, a comprehensive survey of industry changes caused by the COVID-19 pandemic is also tagged in the report, helping investors and other participants make informed decisions. The report consists of a detailed study of potential segments, including product types, applications, end-users, and contributions to overall market size.Top Key Players:
Advanced Sonics, LLC
Crest Ultrasonics Corp.
DPR Ultrasonic Technologies
Emerson Electric Co. (Branson)
International Ultrasonic Technologies
Mosca GmbH
MS Industrie AG
Sonotronic Nagel GmbH
Telsonic AG
Ultrasonic Technologies, Inc.
The report covers segment analysis:
Based on Type, the Ultrasonic Technologies market is segmented:
Welding
Cleaning
Inspections
Others
Based on the Application, the Ultrasonic Technologies market is divided
Food & Beverage
Automotive
Healthcare
Others
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Overview of the Ultrasonic Technologies Market:
Ultrasonic technologies are one of the breakthroughs in the ultrasonic technology field that has led to the development of many new devices. At the founding of ultrasonic technologies, there were over a dozen research and development teams working on different approaches to the problem of ultrasonic sounds. Some of these approaches included ultrasound waves, sound waves, ultrasonic waves, and even the use of shock waves. These various approaches and technologies eventually produced many different products. Some of these products included ultrasound machines, ultrasound transducers, and ultrasound energy systems.
Increasing spending on healthcare for improving patient care is driving growth of the ultrasonic technologies market. Moreover, growing prevalence of the chronic disease is another key factor accelerating growth of the market. According to the Centers for Medicare & Medicaid Services., U.S. health care spending grew 4.6 percent in 2019, reaching $3.8 trillion or $11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent. Additionally, the expansion of medical tourism is also expected to foster growth of the market. According to the Indian Express, India witnessed a footfall of 6.97 lakh foreign patients on a medical visa in 2019. This accounts for 6.9 percent of total foreign tourist arrivals.
North America is expected to gain significant growth over the forecast period and this is attributed to the technological advancement in diagnostic technology. For instance, in March 2021, GE launched its new, new wireless, hand-held ultrasound device, Vscan Air in the U.S. and Europe. The device is about the size of an iPhone, is entirely wireless, and connects to a smartphone app to read the ultrasound and the images can be securely shared with patients.
Key Developments:
In September 2021, Baker Hughes business and a company offering nondestructive testing (NDT) solutions for industrial inspection, unveils the Krautkrämer USM 100, a handheld ultrasonic testing (UT) device which takes accurate and repeatable ultrasonic inspections
In October 2019, Sentons has announced the launch of their new SurfaceWave Processor and Gesture Engine. The company's ultrasonic, high fidelity touch platform allows mobile phones and wearables, to create software-defined interactions beyond unchangeable physical buttons and touchscreens
In August 2019, GF Piping Systems has launches Ultrasonic Simple and Flow Measurement Technology. The new U1000 V2 model GF Piping Systems’ ultrasonic technology enables the collection of measurements via contactless and uncomplicated installation to occur.
Benefits of purchasing the Ultrasonic Technologies Market Report:
Some of the key factors that companies are interested in have been specifically identified and studied. For example, market segmentation, revenue, Covid-19 impact, predictive analytics, key players, regional analytics, product types and applications, new innovation strategies and product introductions, and many other factors contribute to market growth. It is mentioned. Therefore, this report serves as a useful blueprint for your business.
We will highlight certain regions that hold higher profits compared to other regions and explain why they are responsible for this advantage.
The Ultrasonic Technologies research report also describes the various drivers, opportunities, and constraints of the market. It also provides market-wide relevant information by assessing various factors to provide SWOT & PESTEL analysis. Overall information covering all market factors, aspects, scenarios, and situations in global standards can be found in the research report.
Main reasons to buy:
Gain a comprehensive understanding of the Global Ultrasonic Technologies Market Industry Analysis and Forecast 2021-2027 and its commercial outlook with market insightful analysis. Learn about market strategies adopted by competitors and major organizations. Ultrasonic Technologies Market Industry Analysis and Forecast Understand the future outlook and outlook for 2021-2027.
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