Global Phased Array Ultrasonic Transducer Market to Surpass US$ 729.1 Million by 2027, Says Coherent Market Insights (CMI)


According to Coherent Market Insights, the global phased array ultrasonic transducer market is estimated to be valued at US$ 525.6 million in 2020 and is expected to exhibit a CAGR of 4.80 % over the forecast period (2020-2027).

Key Trends and Analysis of the Global Phased Array Ultrasonic Transducer Market:

The global phased array ultrasonic transducer market is expected to show significant growth during the forecast period, owing to key companies focusing on product launches and product approvals to strengthen their position in the phase array ultrasonic transducer market. For instance, in 2017, Alpinion Medical Systems, one of South Korea’s global medical device manufacturers, launched E-CUBE 8, a smart, reliable medical device product with developed convex and phased array transducers of PowerView technology used for high performance with high quality medical imaging and multi-purpose utility in medical imaging.

Moreover, increasing incidence of heart disease conditions such as heart attack, coronary heart conditions, and hypertension are leading to rising cardiac examinations, which is expected to drive the phase array ultrasonic transducer market growth. For instance, according to the Centers for Disease Control and Prevention report, in 2017, around 2 in 10 deaths are caused due to coronary artery disease in adults less than 65 years old in the U.S. and approximately 1 in 5 people below the age of 65 suffer from silent heart attack.

Among region, North America is expected to register higher growth rate, owing to increasing innovations and development of advanced technology in phased array ultrasonic transducers. For instance, in 2019, Butterfly Network, a medical device company in the U.S., developed an ultrasonic transducer Butterfly IQ, which can be coupled with 10 approved android devices of Samsung and Google pixel. This innovation is changing the traditional way of medical imaging procedures, as Butterfly IQ is a portable ultrasonic medical device, which has enhanced compatibility with android phones, thus allowing greater accessibility for healthcare professionals.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4212

Key Market Takeaways:

The global phased array ultrasonic transducer market is expected to exhibit a CAGR of 4.80 % over the forecast period, owing to increasing product launches, product approvals, and rising innovation in development of advanced technology in phased array ultrasonic transducer medical imaging procedures

Competitive Landscape:

Key players operating in the global phase 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, and Butterfly Network Inc.

Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4212

Market Segmentation:

  • Global Phased Array Ultrasonic Transducers, By Type:

    • Linear Array

    • Annular Array

    • Circular Array

  • Global Phased Array Ultrasonic Transducers, By Application:

    • Cardiovascular

    • Neurological

    • Renal

    • Gynecology

    • Others

  • Global Phased Array Ultrasonic Transducers, By End User:

  • Global Phased Array Ultrasonic Transducers, By Region:

    • North America

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Rest of Latin America

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

      • ASEAN

      • Rest of Asia Pacific

    • Middle East

      • GCC

      • Israel

      • Rest of Middle East

    • Africa

      • South Africa

      • Central Africa

      • North Africa

Related Market Intelligence Report:

Implant & Prosthesis Fastener Market, By Type (Stainless Steel, Titanium, Bioabsorbable, and Others), By Application (Dental, Spinal, Orthopedic, and Facial), By End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Read more: https://www.coherentmarketinsights.com/market-insight/implant-and-prosthesis-fastener-market-4200

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201008005419/en/

Contacts

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected]
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

Source Article