At 9.6% CAGR, Asia Pacific Medical Ultrasound Flow Meter Market is Projected to be Worth US$ 86.66 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific medical ultrasound flow meter market was valued at US$ 41.56 million in 2022 and is anticipated to reach US$ 86.66 million by 2030, recording a CAGR of 9.6% from 2022 to 2030. Developments by companies and technological advancements and increase in research & development activities are among the critical factors attributed to drive the Asia Pacific medical ultrasound flow meter market growth.

Companies operating in the medical ultrasound flow meter market constantly focus on new product launches and expansion to improve their sales. A few of the noteworthy developments in the medical ultrasound flow meter market are mentioned below:

In February 2024, Sensirion Holding AG announced that its production facility in Debrecen, Hungary, would expand shortly. With the help of a build-to-suit partner, the facility added 5,000 m2 to its production site. It is anticipated that the first phase of the production facility expansion will be completed by the fourth quarter of 2024 and the second phase by the first quarter of 2025. Improving the production facility will enable the business to provide its clients with high-quality sensor modules.

In May 2023, ultrasonic specialist SONOTEC enhanced its SONOFLOW CO.55 non-contact flow meter to increase the efficiency throughout PAT-related upstream and downstream processes in biotechnology applications. The new SONOFLOW CO.55 V3.0 sensor combines better measurement performance and the highest clamp-to-clamp repeatability. The development of the new sensor generation is focused on major requirements in the biotech industry to introduce the right product features to the market.

In April 2021, NovaSignal Corp. launched the NovaGuide 2 Platform that provides clinical teams with critical, real-time information about cerebral blood flow to guide diagnosis and advance patient results. The device is intended to integrate into current clinical practice; the platform contains the NovaGuide 2 Intelligent Ultrasound. The device autonomously captures blood flow data to identify brain illnesses and diseases. The NovaGuide View implements secure, cloud-based access to efficient exam data.

Thus, developments in ultrasound flow meters are anticipated to create opportunities for the market growth during the forecast period.

On the contrary, high cost and low accuracy of ultrasonic flow meter hampers the growth of Asia Pacific medical ultrasound flow meter market. 

Based on implementation type, the Asia Pacific medical ultrasound flow meter market is categorized into clamp-on, inline, and others. The clamp-on segment held 58.0% market share in 2022, amassing US$ 24.12 million. It is projected to garner US$ 51.73 million by 2030 to register 10.0% CAGR during 2022-2030.

In terms of technology, the Asia Pacific medical ultrasound flow meter market is segmented into doppler, transit-time, and hybrid. The doppler segment held 59.7% share of Asia Pacific medical ultrasound flow meter market in 2022, amassing US$ 24.79 million. It is anticipated to garner US$ 51.95 million by 2030 to expand at 9.7% CAGR during 2022-2030.

By application, the Asia Pacific medical ultrasound flow meter market is divided into heart and lung machines, extracorporeal membrane oxygenation, perfusion, organs transportation system, and others. The others segment held 31.2% share of Asia Pacific medical ultrasound flow meter market in 2022, amassing US$ 12.96 million. It is projected to garner US$ 21.84 million by 2030 to expand at 8.2% CAGR from 2022 to 2030.

Based on end user, the Asia Pacific medical ultrasound flow meter market is categorized into hospitals and clinics, ambulatory surgical centers, research laboratories, and others. The hospitals and clinics segment held 61.0% share of Asia Pacific medical ultrasound flow meter market in 2022, amassing US$ 25.37 million. It is predicted to garner US$ 53.74 million by 2030 to expand at 9.8% CAGR between 2022 and 2030.

Based on country, the Asia Pacific medical ultrasound flow meter market is categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 27.4% share of Asia Pacific medical ultrasound flow meter market in 2022. It was assessed at US$ 11.38 million in 2022 and is likely to hit US$ 24.50 million by 2030, registering a CAGR of 10.1% during 2022-2030.

Key players operating in the Asia Pacific medical ultrasound flow meter market are Arjo AB, PSG Dover, Moor Instruments Ltd, Transonic Systems Inc, Compumedics Ltd, Cook Medical Holdings LLC, Sonotec GmbH, Siemens AG, Perimed AB, and Sensirion Holding AG, among others. 

• In February 2024, Sensirion Holding AG announced that its production facility in Debrecen, Hungary, would be expanding. With the help of a build-to-suit partner, the facility added 5,000 m2 to its production site. It is anticipated that the first phase of the production facility expansion will be finished by the fourth quarter of 2024, and the second phase by the first quarter of 2025. Improving the production facility will enable the business to provide its clients with enough high-quality sensor modules.
  
  
• In June 2022, SONOTEC enhanced its SONOFLOW CO.55 non-contact flow meter to increase the efficiency throughout PAT-related upstream and downstream processes in biotechnology applications. The new SONOFLOW CO.55 V3.0 sensor combines better performance and highest clamp-to-clamp repeatability.
  
  

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