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Ultrasound Sensors Market Analysis, Size, Share, Growth To 2020 by Grand View Research, Inc.

News   •   Mar 30, 2015 01:32 EDT

Rising applications of ultrasound in healthcare such as sonography and renal denervation and increasing demand for minimal invasive procedures are the key drivers for this market. The demand for minimally invasive procedures/surgeries (MIS) is on a rise. These procedures result in fewer traumas to the patient and quicker recovery than invasive procedures such as open heart surgery. Increasing prevalence of chronic diseases and injuries pertaining to muscles, joints, tendons, vessels and internal organs is expect to drive the ultrasound sensors market over the forecast period. Low cost and less adverse effects associated with these products are further expected to increase adoption of ultrasound sensors over the forecast period.

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Detection & ranging, imaging, acoustic microscopy and processing & power are the product segments for ultrasound market. Detection & ranging is further classified into non contact sensors, motion sensors & flow measurement, ultrasonic range finding and ultrasound identification. Non-contact sensors are anticipated to witness lucrative growth over the forecast period owing to the increasing demand for these sensors. Imaging is basically done of an object with 3GHZ sound waves producing resolution which is comparable to an optical image. Acoustic microscopy market is further classified into human medicines and veterinary medicines. Both human and veterinary medicines are used to detect soft tissues injury, muscles, tendons and internal organs. Processing & power segment is classified into biomedical application and ultrasonic cleaning. Biomedical application is highly useful when used dosage precautions. Other usage are characterizing particulates by techniques of transcranial pulsed ultrasound or electroacoustic phenomena or by ultrasound attenuation spectroscopy.

Geographically, North America dominated ultrasound sensors market in terms of revenue share in 2013 owing to the introduction of technologically advanced products and rising demand for minimal invasive surgical procedures. Asia pacific region is considered to be the most lucrative market segments due to its increasing disposable income and rising patient awareness about ultrasonic treatments usage during the forecast period.

Key players for ultrasound sensor testing market include Migatron Corp., Omron, Blatek Inc., Maxbotix,Philips, Vermon, Pepperl+Fuchs, Rockwell Automation, Esaote and Acuson. Ultrasound sensors Market is highly competitive and consolidated in nature. Market players are adopting many strategies for the development of its business.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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