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What key factors are powering the surge in the ultrasonic technology market right now?

The market size for ultrasonic technology has seen a swift expansion in the past few years. The market is anticipated to surge from $2.34 billion in 2024 to $2.64 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.5%. The notable progression during the historical period can be traced back to robust economic development in the burgeoning markets, an increase in demand from the healthcare field, the rise of government initiatives, and swift industrial development, particularly in the manufacturing industries.

How fast Is the ultrasonic technology market expected to grow, and what’s its future value?

In the upcoming years, the pharmaceutical glass packaging market is projected to expand rapidly, reaching a value of $25.12 billion in 2029 with a compound annual growth rate (CAGR) of 11.4%. The expected growth during this forecast period can be linked to continuous expansion in the pharmaceutical industry, advancements in medication delivery techniques, emphasis on eco-friendly packaging, increased demand for biopharmaceuticals, and worldwide advancements in healthcare infrastructure. The forecast period is also anticipated to witness growth trends such as the increasing preference for ready-to-use packaging, the shift towards biodegradable packaging, the growth of emerging markets, and collaborations and partnerships.

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What are the leading drivers of growth in the ultrasonic technology market?

The escalating needs of the medical sector are predicted to fuel the progress of the ultrasonic technology market in the future. The healthcare sector encompasses businesses offering medical services, making medical equipment or medicines, providing health insurance, or facilitating the delivery of healthcare to patients. Sonography, also known as ultrasound imaging, is a commonly used tool in medicine. Non-destructive testing often involves the use of ultrasound to identify hidden flaws in items and structures. For example, PolicyAdvice, an insurance company, forecasts that global healthcare expenditure will hit $10 trillion by 2022. Moreover, the largest healthcare company in America, McKesson, boasts an annual revenue of $208.3 billion. Thus, the increasing requirements from the medical sector stimulates the growth of the ultrasonic technology market.

What are the key segments defining the ultrasonic technology market?

The ultrasonic technology market covered in this report is segmented –

1) By Type: Ultrasonic Proximity Sensor, Ultrasonic Retro-Reflective Sensor, Ultrasonic Through-Beam Sensor, Other Types

2) By Technology: Ultrasonic Medical Technology, Ultrasonic Processing Technology, Ultrasonic Testing Technolog, Other Technologies

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

Subsegments:

1) By Ultrasonic Proximity Sensor: Non-Contact Ultrasonic Proximity Sensors, Short-Range Ultrasonic Proximity Sensors

2) By Ultrasonic Retro-Reflective Sensor: Fixed Ultrasonic Retro-Reflective Sensors, Adjustable Ultrasonic Retro-Reflective Sensors

3) By Ultrasonic Through-Beam Sensor: Transmitter-Receiver Through-Beam Sensors, Reflective Through-Beam Sensors

4) By Other Types: Ultrasonic Flow Meters, Ultrasonic Cleaning Equipment, Ultrasonic Thickness Gauges

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Who are the key players steering the development of the ultrasonic technology market?

Major companies operating in the ultrasonic technology market include Emerson Electric, Siemens AG, Koninklijke Philips N.V., Olympus Corporation, General Electric Company, Crest Ultrasonics Corp., Honeywell International Inc, Rockwell Automation Inc., Pepperl+Fuchs AG, Omron Corporation, Emcolite Ultrasonics, Paavan Electronic Industries, Nanjing AMIS Medical Technology Co. Ltd, Novalion Medical Instrument Co. Ltd, Guangzhou Happycare Electronics Co. Ltd, Shenzhen Bondway Electronics Co. Ltd, Guangzhou Medsinglong Medical Equipment Co. Ltd, Hilsonic, Canongate Technology Ltd, Cambridge Ultrasonics, Telsonic AG, DGM, Ultratecno, Sonotec, Roop Ultrasonic, Elma Ultrasonic, L&R Ultrasonics, Coltene-Whaledent, Omegasonics, Ultrasonic Power Corporation, Sonicor, Gesswein, Contrinex, STULZ, Abdul Latif Jameel Health, PulseNmore, Dallah Health Company, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Mindray Medical International Limited, Omega Africa Agencies (Pty) Ltd, Specmed Medical Services, Autowatch, Selective Instrumentation, Controlare and Diel (Pty) Ltd

What emerging trends are influencing the growth of the ultrasonic technology market?

Adoption of artificial intelligence is a key trend that is currently gaining traction in the ultrasound technology market. The application of artificial intelligence revolutionizes medical imaging by generating a high volume of mineable data. For instance, in February 2023, South Korea’s multinational manufacturing corporation, Samsung, introduced a new ultrasound system for women’s health, known as Hera W10 Elite. This system features visualization enhancements, sophisticated tools powered by artificial intelligence, and clinical applications specifically designed for Obstetrics and Gynecology fields. It delivers 2D and 3D representations of microcirculation and slow blood flow with its Advanced MV (microvascular)-Flow feature, and boasts a larger organic light-emitting diode (OLED) display that significantly enhances the characterization of a wide range of ultrasound images.

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Which regions are most influential in expanding the ultrasonic technology market?

Asia-Pacific was the largest region in the ultrasonic technology market in 2024. The regions covered in the ultrasonic technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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