Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 749.22 Billion | USD 1737.93 Billion | 9.8% | 2023 |
The global Ultrasonic Air in Line Sensor Market size was valued at USD 749.22 Billion in 2023 and is predicted to reach USD 1737.93 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.8% during the forecast period. The report analyzes the global Ultrasonic Air in Line Sensor Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Ultrasonic Air in Line Sensor industry.
Ultrasonic air in line sensor accurately detects the presence of air bubbles within the tubing that are been used in fluid delivery systems in the medical field. The ultrasonic air in line sensor has a wide range of applications in the medical market that include dialysis, blood transfusion, contrast injection, liquid drug handling, and many more. Even a small amount of air results in gas or air embolism that enters into bloodstream and forms bubbles. If this occurs in mid of the surgery or transfusion through the venous or arterial fluid line, the bubble may block the flow of the blood and cause a heart attack or stroke. Hence, detection of air bubbles is essential and ultrasonic air in line sensor plays a vital role in the medical sector.
Factors such as the rising number of transfusion & surgeries, growing investment in R&D, and the vital role of medical sensors are fueling the growth of the global ultrasonic air in line sensor market. In addition to this, there is a rising prevalence of chronic kidney diseases. The US has the highest number of people suffering from kidney failure. As per the data of the National Kidney Foundation, more than 2 million people across the world are receiving treatment with dialysis or undergoing a kidney transplant. Thus, it is necessary to detect bubbles during the process of dialysis or surgery of a kidney transplant.
This leads to the huge demand for the ultrasonic air in line sensor thereby boosting the growth of the global market. Moreover, the rising focus of the manufacturers to improve the product quality and receive the ISO 13485 certification that is mandatory to deploy the air in line sensors of high quality is also contributing to the growth of the global ultrasonic air in line sensor market. Furthermore, rising funding from the government to the healthcare sector as well as growing adoption of the latest medical technologies by the private sector will provide ample growth opportunities for the growth of the global market during the forecast period. However, the high cost associated with the sensor may hinder the growth of the market in low or middle-income countries.
The current Covid-19 pandemic situation has adversely affected the growth of the global ultrasonic air in line sensor market. Factors such as fewer hospital visits by the patients suffering from cardiological and urological problems to avoid the infection of Covid-19 and shift in the treatment preference for Covid-19 patients are contributing to the slow growth of the market. Furthermore, strict lockdowns and restrictions on personnel movement imposed by several governments around the world have led to the disruption of the supply chain which has resulted in a shortage of the product in the market. However, the global ultrasonic air in line sensor market situation is expected to get back on its track by the end of the year 2020.
The global ultrasonic air in line sensor market is bifurcated based on type, application, end-user, and region.
Based on the type, the global ultrasonic air in line sensor market is divided into standalone chip-level integration and prototype configuration.
The application segment is split into dialysis & transfusions, blood separators, heart-lung machines, diagnostic systems, pumps for medical technology, and other devices.
The end-user segment is classified into hospitals, home care settings, and academic & research institutes.
Report Attributes | Report Details |
---|---|
Report Name | Ultrasonic Air in Line Sensor Market |
Market Size in 2023 | USD 749.22 Billion |
Market Forecast in 2032 | USD 1737.93 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 201 |
Key Companies Covered | SONOTEC Ultraschallsensorik Halle GmbH, Biosonix Ltd, TE Connectivity Ltd, CeramTec GmbH, Piezo Technologies, Sensaras LLC, Introtek International, Moog, Inc., Strain Measurement Devices, Inc., and ClearLine MD |
Segments Covered | By type, By application, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to hold a major share of the global ultrasonic air in line sensor market. Factors such as the presence of a well-established healthcare sector, growing demand for advanced medical technologies, and the presence of key players in this region are expected to boost the market in this region. However, the Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period. The factors that are expected to boost the market growth in this region include the growing adoption of advanced medical devices, the rising need for specialty equipment due to increasing cases of chronic diseases, and rising funding in healthcare sectors mainly in India and China.
The Global Ultrasonic Air in Line Sensor Market is segmented as follows:
By Type
By Application
By End User
Global Ultrasonic Air in Line Sensor Market: Regional Segments
FrequentlyAsked Questions
Factors such as the rising number of transfusion & surgeries, growing investment in R&D, and the vital role of medical sensors are fueling the growth of the global ultrasonic air in line sensor market. Furthermore, rising funding from the government to the healthcare sector as well as growing adoption of the latest medical technologies by the private sector will provide ample growth opportunities for the growth of the global market during the forecast period.
SONOTEC Ultraschallsensorik Halle GmbH, Biosonix Ltd, TE Connectivity Ltd, CeramTec GmbH, Piezo Technologies, Sensaras LLC, Introtek International, Moog, Inc., Strain Measurement Devices, Inc., and ClearLine MD are some of the major players in the global ultrasonic air in line sensor market.
North America is expected to hold a major share of the global ultrasonic air in the line sensor market. Factors such as the presence of a well-established healthcare sector, growing demand for advanced medical technologies, and the presence of key players in this region are expected to boost the market in this region.
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