Press release
Ultrasound Probe Covers Market worth $283 million in 2027 | CIVCO Medical Solutions (US), Becton, Dickinson and Company (US)
Ultrasound Probe Covers Market in terms of revenue was estimated to be worth $213 million in 2022 and is poised to reach $ 283 million by 2027, growing at a CAGR of 5.9% from 2022 to 2027 according to a new report by MarketsandMarkets™. The overall increase in the number of ultrasound procedures performed globally is the major factor driving the market during the forecast period. This increase can be attributed to the rising population of people aged 65 years and above, along with the drastically growing prevalence of chronic diseases, among other factors.Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120737591&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral
Additionally, emerging countries present an opportunity for the market to grow in the forecast period.
This report divides the ultrasound probe covers market into five segments -type, material, application, end user, and region.
"During the forecast period, the endocavitary probe covers segment is expected to be the fastest growing segment of the ultrasound probe covers market."
Under application, endocavitary probe covers is forecasted to grow at the highest CAGR from 2022 to 2027. An increase in the prevalence of cardiovascular, gynecological, and age-related chronic diseases, which require ultrasound imaging for therapeutic or diagnostic purposes, is expected to fuel the growth of this market segment.
"In 2021, by end user, hospitals and diagnostic imaging centers held the largest share of the ultrasound probe covers market."
By end user, the ultrasound probe covers market can be segmented into hospitals and diagnostic imaging centers, ambulatory care centers, research and academic institutes, maternity centers, and other end users.
Due to the large share of ultrasound procedures performed at hospitals and diagnostic imaging centers, this segment occupied the largest share of the market in 2021. Additionally, there has been an increased focus on eradicating hospital-acquired infections, which has led to an increasing demand for ultrasound probe covers.
"In 2021, North America was the region with the largest market share in the ultrasound probe covers market "
The ultrasound probe covers market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.
North America accounted for the largest share of the ultrasound probe covers market in 2021. The high prevalence of target diseases, rising preterm births, and presence of major players in the US is driving the growth of the ultrasound probe covers market in the region.
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Ultrasound Probe Covers Market Dynamics:
Drivers:
Advancements in ultrasound imaging modalities
Rising global geriatric population and increasing prevalence of chronic diseases
Adoption of ultrasound imaging for early diagnosis
Rising incidence of hospital-acquired infections due to improper reprocessing of ultrasound probes
Increasing birth rate/number of pregnancies
Restraints:
Lack of awareness about probe reprocessing and infection control
Opportunities:
High growth opportunities in emerging countries
Challenges:
Lack of trained professionals
Adoption of remote ultrasound technologies
Key Market Players:
Key players in the ultrasound probe covers market include CIVCO Medical Solutions (US), Becton, Dickinson and Company (US), Ecolab, Inc. (US), Sheathing Technologies, Inc. (US), and Aspen Surgical (US).
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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Email: sales@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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