PUBLISHER: The Insight Partners | PRODUCT CODE: 1567805
PUBLISHER: The Insight Partners | PRODUCT CODE: 1567805
The Europe medical ultrasound flow meter market was valued at US$ 56.87 million in 2022 and is projected to reach US$ 113.75 million by 2030; it is estimated to record a CAGR of 9.1% from 2022 to 2030.
Increasing Need for Transplant Procedures Drives Europe Medical Ultrasound Flow Market
The growing incidence of organ failure across the globe due to various chronic health conditions such as cardiovascular disorders, genetic conditions, and diabetes has triggered the demand for organ transplant procedures. Every 9 minutes, a person is added to the transplant list. As per the Global Observatory on Donation and Transplantation, ~129,681 organ transplantations were performed in 2020 globally. Furthermore, development in healthcare facilities to enhance the success rates of transplant procedures and reduce organ rejection rates has fueled the demand for advanced organ transportation systems, subsequently contributing to the demand for medical ultrasound flow meters-critical components of organ transportation systems. The integration of ultrasonic flow meters into organ transportation systems emphasizes the growing importance of technology in medical and surgical applications to enhance the success rates of organ transplants. Ultrasonic flow meters in organ transportation systems are mainly used for advanced monitoring and preservation, which, in turn, extend the viability of organs and improve transplant outcomes.
Europe Medical Ultrasound Flow Meter Market Overview
The Europe medical ultrasound flow meter market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Europe holds a significant position in the medical ultrasound flow meter market and is estimated to register robust growth during the forecast period. Factors such as the rising incidence of cardiopulmonary and respiratory diseases and a rising number of patients suffering from chronic obstructive pulmonary disease (COPD) drive the market. Moreover, technological advancements have also resulted in increased adoption of the ultrasound flow meter in ECMO devices, thus escalating market growth.
Europe Medical Ultrasound Flow Meter Market Revenue and Forecast to 2030 (US$ Million)
Europe Medical Ultrasound Flow Meter Market Segmentation
The Europe medical ultrasound flow meter market is categorized into implementation, technology, application, end user, and country.
Based on implementation, the Europe medical ultrasound flow meter market is segmented into clamp-on, inline, and others. The clamp-on segment held the largest market share in 2022.
In terms of technology, the Europe medical ultrasound flow meter market is categorized into doppler, transit-time, and hybrid. The doppler segment held the largest market share in 2022.
By application, the Europe medical ultrasound flow meter market is segmented into heart and lung machines, extracorporeal membrane oxygenation, perfusion, organs transportation system, and others. The others segment held the largest market share in 2022.
By end user, the Europe medical ultrasound flow meter market is categorized into hospitals and clinics, ambulatory surgical centers, research laboratories, and others. The hospitals and clinics segment held the largest market share in 2022.
By country, the Europe medical ultrasound flow meter market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe medical ultrasound flow meter market share in 2022.
Arjo AB, PSG Dover, Moor Instruments Ltd, Transonic Systems Inc, Compumedics Ltd, Cook Medical Holdings LLC, Sonotec GmbH, Deltex Medical Ltd, Strain Measurement Devices Inc, Siemens AG, Perimed AB, and Sensirion Holding AG are some of the leading companies operating in the Europe medical ultrasound flow meter market.