Report : South & Central America Medical Ultrasound Flow Meter Market Forecast to 2030 - Regional Analysis - by Implementation Type (Clamp-On, Inline, and Others), Technology (Doppler, Transit Time, and Hybrid), Application (Heart and Lung Machines, Extracorporeal Membrane Oxygenation, Perfusion, Organ Transportation Systems, and Others), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Laboratories, and Others)
At 8.3% CAGR, South & Central America Medical Ultrasound Flow Meter Market is Projected to be Worth US$ 18.92 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the South & Central America medical ultrasound flow meter market was valued at US$ 10.03 million in 2022 and is anticipated to reach US$ 18.92 million by 2030, recording a CAGR of 8.3% from 2022 to 2030. Technological advancements and increase in research & development activities and increasing need for transplant procedures are among the critical factors attributed to drive the South & Central America medical ultrasound flow meter market growth.
The trends in the healthcare industry are changing drastically with constant development in technology and innovation, enhancing healthcare services and quality of care. Various market players are operating globally and striving hard to acquire the largest market share, followed by the rising application of medical ultrasonic flow meters, including blood flow measurement devices, organ transportation systems, and ECMO. This has increased the research and development activities and investments to innovate novel products. Several research and development studies focusing on innovative blood flow measurement devices are also contributing to the ultrasound flow meter market growth. The researchers indicated that the palm-sized device measures the flow rate of blood using a novel magnetic method and a signal conditioning technique; it is compliant with national and international standards and guidelines and is manufactured using components sourced from established supply chains within the country. Such novel flow measurement devices are likely to become trending in the medical ultrasound flow meter market.
On the contrastingly, high cost and low accuracy of ultrasonic flow meter hampers the growth of South & Central America medical ultrasound flow meter market.
Based on implementation, the South & Central America medical ultrasound flow meter market is categorized into clamp-on, inline, and others. The clamp-on segment held 58.5% market share in 2022, amassing US$ 5.87 million. It is projected to garner US$ 11.41 million by 2030 to register 8.7% CAGR during 2022-2030.
In terms of technology, the South & Central America medical ultrasound flow meter market is segmented into doppler, transit-time, and hybrid. The doppler segment held 59.4% share of South & Central America medical ultrasound flow meter market in 2022, amassing US$ 5.96 million. It is anticipated to garner US$ 11.32 million by 2030 to expand at 8.4% CAGR during 2022-2030.
By application, the South & Central America 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 32.1% share of South & Central America medical ultrasound flow meter market in 2022, amassing US$ 3.22 million. It is projected to garner US$ 5.50 million by 2030 to expand at 6.9% CAGR from 2022 to 2030.
Based on end user, the South & Central America medical ultrasound flow meter market is categorized into hospitals and clinics, ambulatory surgical centers, research laboratories, and others. The hospitals and clinics segment held 61.2% share of South & Central America medical ultrasound flow meter market in 2022, amassing US$ 6.14 million. It is predicted to garner US$ 11.71 million by 2030 to expand at 8.4% CAGR between 2022 and 2030.
Based on country, the South & Central America medical ultrasound flow meter market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.7% share of South & Central America medical ultrasound flow meter market in 2022. It was assessed at US$ 5.89 million in 2022 and is likely to hit US$ 11.43 million by 2030, registering a CAGR of 8.7% during 2022-2030.
Key players operating in the South & Central America medical ultrasound flow meter market are Arjo AB, Moor Instruments Ltd, Compumedics Ltd, Sonotec GmbH, and Siemens AG, among others.
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