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Ultrasonic Testing Probes Market - Global Industry Trend Analysis 2015 to 2019 and Forecast 2020 - 2028
Ultrasonic probes and transducers are the critical units of any ultrasonic test. Inappropriate probe selection or a poorly quality or malfunctioning probe can severely affect ultrasound test results irrespective of instrumentation capability. Probes create and receive sound waves of high-frequency that in return map the interior of objects or body parts. Ultrasonic probes are used for various applications in medical diagnostics.
Many Non Destructive Testing (NDT) methods are related to clinical procedures, such as radiology, visual testing and ultrasonic testing. These probes are used in medical devices like digital radiography (DR), phased array ultrasonic testing (PAUT), and endoscopic instruments.
Increasing prevalence of chronic disorders like cancer, gastric disorders and cardio vascular diseases will increase the adoption of medical diagnosis and indirectly propel the growth of the ultrasonic testing probes market.
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Increasing demand for ultrasonic testing or NDT because of their improved efficiency in diagnosis of various serious medical conditions and their capability of tracking the vital information will be a never ending. Ultrasonic testing has been revolutionized in recent few years with advances in laboratory equipment and techniques like X-ray microscopy. Demand from physicians for advancements in imaging technologies for better understanding of any disease has provided growth opportunities for the ultrasonic testing probes market. These factors are anticipated to drive the market.
A recent example of revolution in medical imaging with ultrasonic testing probes is the development of digital radiography. These testing methods provide real time imaging solutions for the physicians specifically dentists. Furthermore, collaborations of manufacturers with researchers and physicians, and extensive research in medical diagnosis is expected to accelerate the growth of ultrasonic testing probe market.
These probes and transducers generally last for years without causing any technical problem. This factor hampers the growth of the market as new sales will be limited. On the other side, emerging economies and middle & low-income countries are still not very adoptive and are unaware about the medical diagnosis. Medical facilities in the developing regions are not advanced. Healthcare workers are reluctant to upgrade their diagnostic instruments and are not well versed with the latest technologies associated with them. These factors pose major threat to the growth of the market. Also, lack or improper reimbursement policies for NDT or diagnostic testing are large burden on healthcare which might also restrain the market growth.
The COVID-19 impact on the ultrasonic testing probes market was negligible. Most hospitals already have ultrasonic testing devices within the facility.
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The ultrasonic testing probes market will rapidly grow over the forecast period owing to extensive healthcare development. Based on product type, angle beamed probes is expected to lead the market in terms of revenue. With this, increasing awareness and government initiatives for making people adopt to diagnosis will pose opportunities for the product manufacturers. Cancer healthcare spending in the North America will contribute to grow the ultrasonic testing probes market. By application, fetal activity examination will lead the market. Ultrasonic imaging is the most trusted choice for testing for fetal development testing.
North America and Europe will lead the ultrasonic testing probes market as these regions are have most of the advance technologies with respect to healthcare facilities including diagnostics. Adoption of innovative techniques amongst North American doctors is higher than any region. Also, high prevalence rates of chronic disease require constant ultrasonic monitoring and thus surge demand for these probes. In the past few years, ultrasound has gained wide popularity as a reliable diagnostic mode.
Increase in healthcare expenditure in developing regions like Asia-Pacific, Oceania, are expected to further push market growth for ultrasonic testing probes during the forecast period. Increasing number of cancer patients and large population in these regions will accelerated the growth of ultrasonic testing probes market.
Some of the main market players for ultrasonic testing probes are: Olympus Corporation, Okondt GROUP, Baker Hughes Company, Zetec, Inc, Arora Technologies (P), The Phased Array Company, Tektronix, Inc, SONOTEC GmbH, Defelsko Corporation, Dandong JZXX Equipment Co., Ltd., PTS Josef Solnar, Petro-Tracking Services Limited.
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