| Status : Published | Published On : Jul, 2021 | Report Code : VRSME9030 | Industry : Semiconductor & Electronics | Available Format :
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Page : 185 |
Global Ultrasonic Air In Line Sensor Market – Analysis and Forecast (2021-2027)
Industry Insights by Type (Standalone Chip-Level Integration, and Prototype Configuration), by Application (Blood Separators, Dialysis & Transfusions, Diagnostic Systems, Heart-Lung Machines, and Pumps For Medical Technology), by End-User (Hospitals & Home Care Settings, and Academic & Research Institutes)
Industry Overview
The global ultrasonic air in line sensor market size is anticipated to gain market growth from USD 59.45 billion in 2020 to USD 75 billion by 2027, with a CAGR of 3.2% during the forecast period. Ultrasonic air in line sensor is a technology that helps medical practitioners in detecting air bubbles in fluid delivery lines when medical procedures are taking place. This sensor is widely used in surgery or rapid blood transfusion. These air bubbles allow gas or air embolism to enter the blood and cause blockage of blood, which can lead to a heart attack or stroke in the body. Therefore, the non-invasive ultrasonic detection of bubbles occupies an important position in the medical industry.
In addition, ultrasonic air in line sensors is widely used for specific object detection, distance management, and detecting anti-collision, which further promotes the growth of the global ultrasonic air in the line sensor market.
The COVID-19 outburst has repercussions on a broad spectrum of industries and the ultrasonic air in line sensor market is also adversely affected by the coronavirus. Factor such as fewer hospital visits by the patients having problems such as cardiological and urological to avoid the infection of COVID-19. Also, the shift in the treatment preference for COVID-19 patients will show the slow growth of the ultrasonic air in line sensors market. Moreover, strict lockdowns and restrictions on the movement of people around the world have disrupted the supply chain, resulting in the shortage of the product in the market. Nevertheless, the ultrasonic air in line sensor market is anticipated to be on its track in the next quarter of the forecasted period.
Market Segmentation
Insight by Type
On the basis of type, the ultrasonic air in line sensor market is segmented into standalone chip-level integration and prototype configuration. Of all these segments, prototype configuration is expected to grow faster during the forecast period. Prototype configuration helps the service providers to speed up system validation and integrate hardware and software products, helping them to reduce the product design cycle. The standalone chip-level integration will also dominate the market during the forecast period, owing to rising advancements in patient portable devices.
Insight by End-User
On the basis of end-user, the ultrasonic air in line sensor market is divided into hospitals & home care settings, and academic & research institutes. Of these two categories, hospitals & home care settings dominate the ultrasonic air-in-line sensor market. The evolving healthcare technology and increasing consumerism in hospitals are integrating digital technology into the traditional hospital system to create an effective healthcare system without any restrictions.
Industry Dynamics
Growth Drivers
The increasing safety awareness in the automotive and healthcare sectors, rising adoption of automation in the automobile sector, increasing number of transfusion and surgeries, rising prevalence of chronic kidney diseases, increasing investment in R&D, and the continuous advancement of ultrasonic sensors to improve accuracy are the main factors driving the growth of the global ultrasonic air in line sensor market. Moreover, these sensors help avoid collisions and help users measure distances, which further promotes the growth of the global online ultrasonic air in line sensor market. With the increasing focus of the manufacturers to build a strong brand image in the market and improving product quality, the ISO 13485 certification is mandatory to deploy air-in-line sensors and will propel the growth of the market.
Challenges
The decline in industry demand and the emergence of alternative technologies are the main limiting factors observed by vendors in the global market for ultrasonic air in line sensors. There are few substitutes for the technologies available in the market that can provide better functions and lower costs, further hampering the growth of the global market for ultrasonic air in line sensors.
Industry Ecosystem
Globally, the ultrasonic air in line sensor suppliers provide customers with new products and modify prevailing products to provide diversified solutions and to help them in obtaining differentiator tags in the market. Furthermore, advanced technologies are being developed to provide better and faster response to the manufacturing process and the ever-increasing R&D process to bring new developments, thus making products more efficient, and improve the global market demand for the global ultrasonic air in line sensors. Also, government regulations and certifications required to deploy high-quality air in line sensors will ensure the safety of patients and increase the performance of medical equipment, resulting in the growth of the global air in line sensors market.
Geographic Overview
Geographically, North America has the largest ultrasonic air in line sensors market, owing to the presence of giant manufacturers in the automobile industry and sensor market in this region. The existence of a prominently established healthcare sector will fuel the growth of the ultrasonic air in line market in this region. Nevertheless, the emergence of self-driving cars will drive the growth of ultrasonic air in line sensors exponentially.
Moreover, Asia-Pacific is anticipated to show substantial growth throughout the projected period. The growth of the ultrasonic air in line sensor market in this region is due to the presence of large manufacturing units in countries such as India and China as well as the booming infrastructure in the healthcare sector. Additionally, the government initiatives to develop security guidelines in the medicine and automobile sector also provide tremendous growth to the ultrasonic air in line sensor market in this region.
Competitive Insight
The industry players in the ultrasonic air in line sensor market are investing to improve the quality of the prevailing products and develop the latest technology to strengthen their position in the market. In addition, major players are forming strategic alliances to help them improve cost efficiency and obtain competitive benchmarks.
Sensaras LLC, leading manufacturers of liquid level sensors uses ultrasonic technology to detect liquid levels with innovative design, and excellent quality. They provide quick response, excellent quality and timely delivery. Sensaras LLC was founded in 2013 and purchased a new factory in New York in 2019.
The prominent players in the ultrasonic air in line sensor market include Biosonix Ltd, Sensaras LLC, TE Connectivity Ltd, ClearLine MD, Piezo Technologies, CeramTec GmbH, and Strain Measurement Devices, Inc, Siansonic Technology Co., Ltd., Moog, Inc., and Introtek International, L.P.
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Source: VynZ Research
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Ultrasonic Air In Line Sensor Market