The Business Research Company’s Ultrasonic Technology Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Ultrasonic Technology Global Market Report 2023 evaluates ultrasonic technology market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global ultrasonic technology market is expected to grow from $3,445.1 million in 2027 at a rate of 12.9%. The market is then expected to grow at a CAGR of 15.5% from 2027 and reach $7,071.3 million in 2032.
The increasing prevalence of chronic illness is expected to drive the growth of the ultrasonic technology market during the forecast period. The increasing prevalence of chronic diseases has spurred demand for imaging tools, as ultrasound helps in the early detection of diseases and minimizes treatment costs. The frequency of chronic diseases is increasing rapidly, which has increased the demand for healthcare services such as more patient visits, hospital admissions, and surgeries. For example, according to the National Library of Medicine, a US-based National library, in the USA, of the population 50 years and older with at least one chronic disease is estimated to increase by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the increasing prevalence of chronic illness is expected to propel the growth of the ultrasonic technology market during the forecast period.
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The ultrasonic technology market segments in the report are:
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 Technology; 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
The table of contents in TBRC’s ultrasonic technology market report includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
.
- Competitive Landscape And Company Profiles
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Ultrasonic Technology Market, Conclusions And Recommendations
- Appendix
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