The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ultrasonic technology market report forecasts the ultrasonic technology market size to grow to $3.3 Billion by 2027, with a CAGR (compound annual growth rate) of 12%.

Learn More On The Ultrasonic Technology Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ultrasonic-technology-global-market-report

Ultrasonic Technology Market Size Forecast
The global ultrasonic technology market is expected to grow from $1.86 billion in 2022 to $2.1 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ultrasonic technology market size is expected to grow to $3.3 billion in 2027 at a CAGR of 12.0%.

Asia-Pacific held the largest ultrasonic technology market share.

Key Ultrasonic Technology Market Driver ­– Growth In Demand From The Medical Sector
For instance, according to PolicyAdvice, an insurance company, global healthcare spending is expected to reach $10 trillion by 2022. In addition, McKesson is the largest healthcare firm in the United States, with $208.3 billion in yearly revenue. Therefore, the growing demand from the medical sector drives the growth of the ultrasonic technology market.

Request for A Sample Of The Global Ultrasonic Technology Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6063&type=smp

Key Ultrasonic Technology Market Trend – Integrating Artificial Intelligence
Major companies operating in the ultrasonic technology sector are focused on incorporating artificial intelligence in ultrasonic devices to reinforce their position. For instance, in September 2020, GE Healthcare, a US-based manufacturing company launched an AI-based Women’s Health ultrasound system, Voluson SWIFT. The Voluson SWIFT incorporates Intelligent Ultrasound’s ScanNav Assist AI technology and includes SonoLyst, the world’s first fully integrated AI tool that recognizes the 20 views recommended by the International Society of Ultrasound in Obstetrics and Gynecology mid-trimester practice guidelines for fetal imaging.

Ultrasonic Technology Market Segment
1) By Type: Ultrasonic Proximity Sensor, Ultrasonic Retro-Reflective Sensor, Ultrasonic Through-Beam Sensor
2) By Technology: Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technology
3) By Application: Welding, Cleaning, Inspections, Other Applications
4) By End User: Automotive, Food and beverage, Medical and healthcare, Aerospace and defense, Industrial, Other End Users

Ultrasonic Technology Market Major Players and Strategies
Major players in the ultrasonic technology market are GE Healthcare, Philips, Olympus Corporation, Siemens Healthineers, Hitachi, Canon Medical, Carestream, Mindray Medical, Samsung Electronics, Fujifilm, Esaote, Boston Scientific, Crest Group, Tokyo Keiki, Baumer Electric, Branson Ultrasonic, Cameron Measurement Systems, DPR Ultrasonic Technologies, and MS Industries AG.

In October 2021, Bioventus, a US-based medical device company acquired Misonix for an undisclosed amount. Through this acquisition regenerative medicine and minimally invasive therapeutic ultrasonic technologies are added to the Bioventus portfolio. Misonix is a US-based company that provides ultrasonic technologies.

The Ultrasonic Technology Global Market Report 2023 covers regional data on ultrasonic technology market size, ultrasonic technology market trends and drivers, opportunities, strategies, and ultrasonic technology market competitor analysis. The countries covered in the ultrasonic technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Ultrasonic technology is the technique of transmitting digital data utilizing barely audible and inaudible sound waves. Ultrasonic technology is used to detect objects and measure distances.

View More Reports Related To The Ultrasonic Technology Market –
Technology Advisory Global Market Report 2023
Neurosurgery Devices And Equipment Global Market Report 2023
Sonar Systems Global Market Report 2023

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: