Ultrasonic Cleaning Equipment Manufacturing
Ultrasonic Cleaning Equipment Manufacturing industry revenue is highly susceptible to shifts in consumer demand, demand for healthcare services and industrial production. Over the five years to 2019, the implementation of the Patient Protection and Affordable Care Act has increased demand for medical care in the United States, bolstering demand for ultrasound devices used to clean medical instruments. However, declines in the industrial production index early in the period tempered industry growth somewhat. Over the next five years, IBISWorld expects demand from export customers to pick up. As many overseas economies are forecast to improve, foreign consumers are expected have more access to healthcare. Additionally, the US dollar is expected to depreciate over the five years to 2024, boosting the competitiveness of industry exports in foreign markets.
The Ultrasonic Cleaning Equipment Manufacturing industry includes companies that domestically manufacture ultrasonic cleaners. An ultrasonic cleaner is a cleaning device that uses ultrasound and an appropriate cleaning solvent to clean delicate items. These items include medical and dental instruments and a variety of devices used in the industrial sector.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook