The global ultrasound transducer market size is anticipated to reach USD 4.53 billion by 2030. It is expected to expand at a CAGR of 3.2% from 2024 to 2030. Increasing number of product launches and growing focus of the major players on innovations for safe and accurate diagnosis are the factors driving the growth.
North America is anticipated to hold substantial share of the market during the forecast period owing to high adoption of advanced medical devices. Continuous innovations in ultrasound machine such as portable and mobile ultrasound machine is expected to fuel the growth. Moreover, presence of a large number of ultrasound transducer manufacturers is anticipated to bode well for the regional growth. These companies emphasize on heavy investments to develop smart production methods and process automation, which is a key factor in optimizing product prices and maximizing revenues.
Another innovation pertaining to these devices include burst wave lithotripsy which help delicate procedures including kidney stone destruction. The technology is not only efficient but also offers non-invasive procedure to patients, which is anticipated to ultimately augment the product demand in the forthcoming years.
Growing number of partnerships between resellers for ultrasound transducers is an emerging trend witnessed in the market. Direct purchase from Original Equipment Manufacturers (OEMs) is another trend observed in the market. End users are increasingly dealing with OEMs since they offer efficient technologies like custom strain gauge sensing to finished product designs, to achieve greater business advantage.
This product will be delivered within 1-3 business days.
North America is anticipated to hold substantial share of the market during the forecast period owing to high adoption of advanced medical devices. Continuous innovations in ultrasound machine such as portable and mobile ultrasound machine is expected to fuel the growth. Moreover, presence of a large number of ultrasound transducer manufacturers is anticipated to bode well for the regional growth. These companies emphasize on heavy investments to develop smart production methods and process automation, which is a key factor in optimizing product prices and maximizing revenues.
Another innovation pertaining to these devices include burst wave lithotripsy which help delicate procedures including kidney stone destruction. The technology is not only efficient but also offers non-invasive procedure to patients, which is anticipated to ultimately augment the product demand in the forthcoming years.
Growing number of partnerships between resellers for ultrasound transducers is an emerging trend witnessed in the market. Direct purchase from Original Equipment Manufacturers (OEMs) is another trend observed in the market. End users are increasingly dealing with OEMs since they offer efficient technologies like custom strain gauge sensing to finished product designs, to achieve greater business advantage.
Ultrasound Transducer Market Report Highlights
- Convex transducers holds largest market share owing to the advantages of the product such as superior quality resolution for accurate diagnosis, wider footprint, and ergonometric designs.
- 2D linear transducers are highly preferred as compared to 3D linear owing as they provide detailed results in heart conditions.
- General imaging segment is expected to lead the ultrasound transducer market in the forthcoming years owing to increased adoption of ultrasound devices in primary diagnostic purposes.
- Owing to lower labor costs and untapped areas in developing regions of Asia Pacific, the market players are expected to witness huge opportunities to increase their clientele and expand their product portfolio.
The leading players in the Ultrasound Transducer market include:
- GE HealthCare
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- CANON MEDICAL SYSTEMS CORPORATION
- Hitachi, Ltd.
- Samsung Medison Co., Ltd.
- FUJIFILM Holdings Corporation
- Esaote SPA
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Analogic Corporation
- Carestream Health
- ALPINION MEDICAL SYSTEMS Co., Ltd.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Ultrasound Transducer Market Variables, Trends, & Scope
Chapter 4. Ultrasound Transducer Market: Product Type Estimates & Trend Analysis
Chapter 5. Ultrasound Transducer Market: Application Estimates & Trend Analysis
Chapter 6. Ultrasound Transducer Market: End Use Estimates & Trend Analysis
Chapter 7. Ultrasound Transducer Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Ultrasound Transducer market include:- GE HealthCare
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- CANON MEDICAL SYSTEMS CORPORATION
- Hitachi, Ltd.
- Samsung Medison Co., Ltd.
- FUJIFILM Holdings Corporation
- Esaote SPA
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Analogic Corporation
- Carestream Health
- ALPINION MEDICAL SYSTEMS Co., Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.65 Billion |
| Forecasted Market Value ( USD | $ 4.53 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
