Global Phased Array Ultrasonic Transducer Market, By Type (Linear Array, Annular Array, and Circular Array), By Application (Cardiovascular, Neurological, Renal, Gynecology, and Others), By End User (Hospitals, Specialty Clinics, Advance and Research Institutes, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 599.7 Million in 2023, and is expected to exhibit a CAGR of 5% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing launch of new portable product is expected to provide lucrative growth opportunities for market players. Thus, key market players are focusing on adoption of growth strategies such as collaboraton, and this is expeted to drive the global phased array ultrasonic transducer market growth. For example, in 2021, EagleView Technologies, Inc., the leading provider of the most accurate geospatial data, introduced its wireless portable ultrasound devicethat provides ultrasound imaging, and makes the point-of-care solution more affordable. EagleView dual-head ultrasound is a wireless ultrasound probe that connects to the tablet or phone with an iOS and Android app. With different types of ultrasound transducers included, it works as a linear probe ultrasound, convex probe, and phased array ultrasound probe at the same time.
Global Phased Array Ultrasonic Transducer Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of drugs from one place to another.
Global Phased Array Ultrasonic Transducer Market: Key Developments
Creation of a 2-D array ultrasonic transducer for 3-D imaging of water-involved objects is expected to boost the market growth during the forecast period. A 2-D array ultrasonic transducer can be used to generate 3-D images of underwater objects up to several meters away, even if these are immersed in water with low or no visibility conditions, which is not possible with underwater optical cameras. This capability makes it attractive for underwater purposes such as gas and mineral extraction, finding archaeological artifacts and shipwrecks, mine hunting, navigation of divers, and autonomous underwater vehicles (AUVs).
Browse 33 Market Data Tables and 32 Figures spread through 175 Pages and in-depth TOC on “Global Phased Array Ultrasonic Transducer Market”- Forecast to 2030, Global Phased Array Ultrasonic Transducer Market, By Type (Linear Array, Annular Array, and Circular Array), By Application (Cardiovascular, Neurological, Renal, Gynecology, and Others), By End User (Hospitals, Specialty Clinics, Advance and Research Institutes, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/phased-array-ultrasonic-transducer-market-4212
Key Takeaways of the Global Phased Array Ultrasonic Transducer Market:
- Global phased array ultrasonic transducer market is expected to exhibit a CAGR of 5% during the forecast period.. Among application, the cardiovascular segment is expected to witness growth in the global phased array ultrasonic transducer market over the forecast period as two-dimensional ultrasound imaging system that is capable of producing high resolution tomographic images of the heart in real time has also been developed. This system relies on phased array principles to rapidly steer the ultrasound beam through the structures under investigation. A hand-held linear array of 16 ultrasound transducers with overall dimensions of 14 mm at the site of contanct may be readily manipulated, to image various cardiac structures. The resulting images are displayed in a circular sector format, 60 degrees in azimuth, and typically 15 cm in range. At his maximum range, image frames consisting of 256 lines are generated at the rate of 20 frames/second.
- Among region, North America is expected to be the dominant region in the global phased array ultrasonic transducer market, owing to increasing launch of products. The North America is the most provident region for market growth because of the availability of technology, resources, and labor. The region benefits from a stable political and economic environment that further supports market growth. Furthermore, North America's strong infrastructure and well-developed transportation networks facilitate efficient distribution and access to markets.
- Major players operating in the global phased array ultrasonic transducer market include B K Medical Systems Inc., Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, SonoScape Medical Corp, Edan Instruments Inc., Samsung Healthcare, Mindray Medical International Limited, Esaote, FUJIFILM Medical Systems, Siemens Healthineers AG, Canon Medical Systems Corporation, Butterfly Network Inc., Vermon NDT, EagleView Technologies, Inc., Yembo, Qorvo, Sofant Technologies, and WaveArray Antifouling Systems, LLC.
