Ultrasound Transducer Market To Reach $4.53 Billion By 2030

Ultrasound Transducer Market Growth & Trends

The global ultrasound transducer market size is anticipated to reach USD 4.53 billion by 2030, according to a new report by Grand View Research, Inc. 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.

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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.

Ultrasound Transducer Market Segmentation

Grand View Research has segmented the global ultrasound transducer market report based on product type, application, end use, and region:

Ultrasound Transducer Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Linear

• Convex

• Phased array

• Endocavitary

• CW Doppler

• Others

Ultrasound Transducer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiovascular

• General Imaging

• Musculoskeletal

• OB/GYN

• Vascular

• Others

Ultrasound Transducer End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital

• Clinics

• Diagnostic Center

• Ambulatory Surgery Centers (ASCs)

Ultrasound Transducer Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Ultrasound Transducer Market

• 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.