Medical Ultrasound Flow Meter Market is expected to reach US$ 388.87 million by 2030

Clamp-on Segment to Hold Significant Share of Implementation Type in Medical Ultrasound Flow Meter Market During 2022–2030

According to our latest study on "Medical Ultrasound Flow Meter Market Forecast to 2030 – Global Analysis – Implementation Type, Technology, Application, and End User " the market was valued at US$ 192.04 million in 2022 and is expected to reach US$ 388.87 million by 2030. Factors such as rising number of cardiovascular and respiratory diseases, and increasing need for transplant procedures are contributing tor the growing medical ultrasound flow meter market size. However, high cost and low accuracy of the ultrasonic flow meter impede the market growth.  

The trends in the healthcare industry are shifting drastically with constant innovation and development in technology, enhancing quality of care and healthcare services. Various market players worldwide are striving hard to acquire the largest market share. Apart from blood flow measurement devices, organ transportation systems, and ECMO, medical ultrasonic flow meters are also witnessing significant traction. This has increased investments to innovate novel products and research and development activities. Several research and development studies focusing on innovative blood flow measurement devices are also contributing to the medical ultrasound flow meter market growth. For instance, as per an article published by Ministry of Science & Technology (India) in September 2020, a new cost-effective blood flow meter device was designed by a team of researchers at the Sree ChitraTirunal Institute for Medical Sciences and Technology. The researchers indicated that the palm-sized device can measure the blood flow rate using a novel magnetic method and a signal conditioning technique; it is in compliance with national and international standards and guidelines and the components of the device are sourced from established supply chains within the country. Such novel flow measurement devices are likely to become trending in the market. Therefore, technological advancements and increase in R&D activities are expected to emerge as new medical ultrasound flow meter market trends in the coming years.

Market Segmentation:

The medical ultrasound flow meter market analysis has been carried out by considering the following segments: implementation type, technology, application, end user.

Medical Ultrasound Flow Meter Market, by Implementation Type:

Based on implementation type, the medical ultrasound flow meter market is segmented into clamp-on, inline, and others. The clamp-on segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022– 2030. The clamp-on ultrasound/ultrasonic flow meters provide a special way to measure flow rate without the need for cutting the pipe or stopping the flow. These meters use transducers clamped on the outside of the pipe to send and receive ultrasonic signals through the pipe wall. Clamp-on ultrasonic flow meters frequently employ the transit-time approach to measure flow velocity without direct contact with the fluid.

Medical Ultrasound Flow Meter Market, by Technology:

Based on technology, the market is segmented into Doppler, transit-time, and hybrid. The Doppler segment held the largest medical ultrasound flow meter market share in 2022. The transit-time segment is anticipated to register the highest CAGR during 2022– 2030. A transit-time flow meter is based on the time difference between upstream and downstream sound propagation intervals. The duration of time it takes for an ultrasonic signal to travel between transducers against the fluid flow is measured using transit-time ultrasonic flow meters. The flow velocity can be precisely calculated by comparing the transit periods. Because of its great precision and reproducibility, this kind of ultrasonic flow meter is perfect for clean, homogeneous liquids. The transit-time flow meter can work with a variety of fluids at a range of different temperatures and is typically calibrated for specific variables.

Medical Ultrasound Flow Meter Market, by Application:

By application, the market is categorized into lung machines, extracorporeal membrane oxygenation, perfusion, organs transportation system, and others. The heart and lung machines segment held the largest medical ultrasound flow meter market share in 2022 and is anticipated to register the highest CAGR of 10.2% during 2022–2030. Heart and lung machines assist in crucial procedures while the patient is on the operating table and is receiving care. Many heart–lung machines are built with clamp-on ultrasound flow meters as standard components. They maintain strict sterility requirements by measuring blood flow noninvasively using ultrasonic transit-time techniques. The pumps help by ensuring the equipment continuously pumps blood in right volumes and flow.

Medical Ultrasound Flow Meter Market, by End User:

The medical ultrasound flow meter market, by end user, is categorized into hospitals and clinics, diagnostics centers, home care, and others. The hospital and clinics segment held the largest market share in 2022. Hospitals and clinics provide healthcare services such as diagnostics and disease treatment with the help of modernized equipment. Most of the heart and lungs machines and ECMO systems are used in hospitals. Thus, a rise in the number of hospitals and clinics is anticipated to boost the adoption of medical ultrasound flow meter in the coming years.

Medical Ultrasound Flow Meter Market, by Geography:

The scope of the medical ultrasound flow meter market report entails North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In 2022, in terms of revenue, North America dominated the medical ultrasound flow meter market.

The US holds the largest market share in the region which is fueled by increasing chronic kidney diseases and growing aging population. For instance, according to the National Chronic Kidney Disease fact sheet, in 2020, approximately 30 million people suffered from chronic kidney diseases in the US. As per the National Institute of Diabetes and Digestive and Kidney Diseases, in 2019, ~661,000 Americans suffered from kidney failure, of which 468,000 patients underwent dialysis, and 193,000 have undergone kidney transplantation.

According to the American Heart Association, in January 2019, it was reported that over 130 million, or 45.1% of people, are likely to suffer from some form of cardiovascular disease by 2035. Therefore, the growing incidence of chronic and cardiovascular diseases is upsurging the demand for extracorporeal membrane oxygenation (ECMO) and organ transportation systems. Thus, all these factors are supporting the medical ultrasound flow meter market growth in the US.

Apart from factors driving the market, the medical ultrasound flow meter market report emphasizes on prominent players operating in the market; these include Arjo AB, PSG Dover, Moor Instruments Ltd, Transonic Systems Inc, Compumedics Ltd, Cook Medical, Holdings LLC, GF Health Products Inc, Sonotec Gmbh, Deltex Medical Ltd, Strain Measurement Devices Inc, Siemens AG, Perimed AB, and Sensirion Holding AG.

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