The latest update of “Global Ultrasonic Technologies Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Ultrasonic Technologies Market.
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.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Ultrasonic Technologies Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Ultrasonic Technologies Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- 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.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Ultrasonic Technologies Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Welding
- Cleaning
- Inspections
- Others
By Applications, the market is segmented into:
- Food & Beverage
- Automotive
- Healthcare
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Ultrasonic Technologies Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Ultrasonic Technologies Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Ultrasonic Technologies Market
1.6.1 How the Covid-19 is Affecting the Ultrasonic Technologies Market
1.6.1.1 Ultrasonic Technologies Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Ultrasonic Technologies Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Ultrasonic Technologies Market Perspective (2015-2028)
2.2 Ultrasonic Technologies Market Growth Trends by Regions
2.2.1 Ultrasonic Technologies Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Ultrasonic Technologies Market Historic Market Share by Regions (2015-2021)
2.2.3 Ultrasonic Technologies Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Ultrasonic Technologies Market Growth Strategy
2.3.6 Primary Interviews with Key Ultrasonic Technologies Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Ultrasonic Technologies Market Players by Market Size
3.1.1 Global Top Ultrasonic Technologies Market Players by Revenue (2015-2021)
3.1.2 Global Ultrasonic Technologies Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Ultrasonic Technologies Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Ultrasonic Technologies Market Concentration Ratio
3.2.1 Global Ultrasonic Technologies Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Ultrasonic Technologies Market Revenue in 2019
3.3 Ultrasonic Technologies Market Key Players Head office and Area Served
3.4 Key Players Ultrasonic Technologies Market Product Solution and Service
3.5 Date of entering into Ultrasonic Technologies Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Ultrasonic Technologies Market Historic Market Size by Type (2015-2021)
4.2 Global Ultrasonic Technologies Market Forecasted Market Size by Type (2021-2028)
5 Ultrasonic Technologies Market Breakdown Data by Application (2015-2028)
5.1 Global Ultrasonic Technologies Market Size by Application (2015-2021)
5.2 Global Ultrasonic Technologies Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Ultrasonic Technologies Market Size (2015-2021)
6.2 Ultrasonic Technologies Market Key Players in North America (2019-2021)
6.3 North America Ultrasonic Technologies Market Size by Type (2015-2021)
6.4 North America Ultrasonic Technologies Market Size by Application (2015-2021)
7 Europe
7.1 Europe Ultrasonic Technologies Market Size (2015-2021)
7.2 Ultrasonic Technologies Market Key Players in Europe (2019-2021)
7.3 Europe Ultrasonic Technologies Market Size by Type (2015-2021)
7.4 Europe Ultrasonic Technologies Market Size by Application (2015-2021)
8 China
8.1 China Ultrasonic Technologies Market Size (2015-2021)
8.2 Ultrasonic Technologies Market Key Players in China (2019-2021)
8.3 China Ultrasonic Technologies Market Size by Type (2015-2021)
8.4 China Ultrasonic Technologies Market Size by Application (2015-2021)
9 Japan
9.1 Japan Ultrasonic Technologies Market Size (2015-2021)
9.2 Ultrasonic Technologies Market Key Players in Japan (2019-2021)
9.3 Japan Ultrasonic Technologies Market Size by Type (2015-2021)
9.4 Japan Ultrasonic Technologies Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Ultrasonic Technologies Market Size (2015-2021)
10.2 Ultrasonic Technologies Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Ultrasonic Technologies Market Size by Type (2015-2021)
10.4 Southeast Asia Ultrasonic Technologies Market Size by Application (2015-2021)
11 India
11.1 India Ultrasonic Technologies Market Size (2015-2021)
11.2 Ultrasonic Technologies Market Key Players in India (2019-2021)
11.3 India Ultrasonic Technologies Market Size by Type (2015-2021)
11.4 India Ultrasonic Technologies Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Ultrasonic Technologies Market Size (2015-2021)
12.2 Ultrasonic Technologies Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Ultrasonic Technologies Market Size by Type (2015-2021)
12.4 Central & South America Ultrasonic Technologies Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Ultrasonic Technologies Market Introduction
13.4 Ultrasonic Technologies Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Ultrasonic Technologies Market Key Market Segments
Table 2. Key Players Covered: Ranking by Ultrasonic Technologies Market Revenue
Table 3. Ranking of Global Top Ultrasonic Technologies Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Ultrasonic Technologies Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Ultrasonic Technologies Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Ultrasonic Technologies Market Players to Combat Covid-19 Impact
Table 10. Global Ultrasonic Technologies Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Ultrasonic Technologies Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Ultrasonic Technologies Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Ultrasonic Technologies Market Share by Regions (2015-2021)
Table 14. Global Ultrasonic Technologies Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Ultrasonic Technologies Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Ultrasonic Technologies Market Growth Strategy
Table 20. Main Points Interviewed from Key Ultrasonic Technologies Market Players
Table 21. Global Ultrasonic Technologies Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Ultrasonic Technologies Market Share by Players (2015-2021)
Table 23. Global Top Ultrasonic Technologies Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Ultrasonic Technologies Market as of 2019)
Table 24. Global Ultrasonic Technologies Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Ultrasonic Technologies Market Product Solution and Service
Table 27. Date of entering into Ultrasonic Technologies Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 30. Global Ultrasonic Technologies Market Size Share by Type (2015-2021)
Table 31. Global Ultrasonic Technologies Market Revenue Market Share by Type (2021-2028)
Table 31. Global Ultrasonic Technologies Market Size Share by Application (2015-2021)
Table 33. Global Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 34. Global Ultrasonic Technologies Market Size Share by Application (2021-2028)
Table 35. North America Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 37. North America Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 38. North America Ultrasonic Technologies Market Share by Type (2015-2021)
Table 39. North America Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 40. North America Ultrasonic Technologies Market Share by Application (2015-2021)
Table 41. Europe Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 43. Europe Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Ultrasonic Technologies Market Share by Type (2015-2021)
Table 45. Europe Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Ultrasonic Technologies Market Share by Application (2015-2021)
Table 47. China Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 49. China Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 50. China Ultrasonic Technologies Market Share by Type (2015-2021)
Table 51. China Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 52. China Ultrasonic Technologies Market Share by Application (2015-2021)
Table 53. Japan Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 55. Japan Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Ultrasonic Technologies Market Share by Type (2015-2021)
Table 57. Japan Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Ultrasonic Technologies Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 61. Southeast Asia Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Ultrasonic Technologies Market Share by Type (2015-2021)
Table 63. Southeast Asia Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Ultrasonic Technologies Market Share by Application (2015-2021)
Table 65. India Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 67. India Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 68. India Ultrasonic Technologies Market Share by Type (2015-2021)
Table 69. India Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 70. India Ultrasonic Technologies Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Ultrasonic Technologies Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Ultrasonic Technologies Market Share (2019-2021)
Table 73. Central & South America Ultrasonic Technologies Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Ultrasonic Technologies Market Share by Type (2015-2021)
Table 75. Central & South America Ultrasonic Technologies Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Ultrasonic Technologies Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Ultrasonic Technologies Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Ultrasonic Technologies Market Share by Type: 2021 VS 2028
Figure 2. Global Ultrasonic Technologies Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Ultrasonic Technologies Market Report Years Considered
Figure 8. Global Ultrasonic Technologies Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Ultrasonic Technologies Market Share by Regions: 2021 VS 2028
Figure 10. Global Ultrasonic Technologies Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Ultrasonic Technologies Market Share by Players in 2019
Figure 13. Global Top Ultrasonic Technologies Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Ultrasonic Technologies Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Ultrasonic Technologies Market Revenue in 2019
Figure 15. North America Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Ultrasonic Technologies Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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