Ultrasound Transducer Market

Ultrasound Transducer Market Size, Share, Growth Analysis, By Product(Linear, Convex), By Application(Cardiovascular, General Imaging), By End-Use(Hospital, Clinics), By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG35A2351 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Ultrasound Transducer Market Insights

Market Overview:

By the end of 2026, the market for ultrasonic transducers is projected to have grown at a CAGR of 3.6% from its 2018 value of USD 3.2 billion. One of the main drivers of the expansion is the increasing use of ultrasonic equipment for diagnostic imaging of various ailments, as well as the development of more advanced transducers.

Ultrasound Transducer Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Ultrasound Transducer Market is segmented by Product, Application, End-Use, Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Ultrasound Transducer Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Product the market is segmented as, Linear, Convex, Phased Array, Endocavitary, CW Doppler, Others
  • Based on Application the market is segmented as, Cardiovascular, General Imaging, Musculoskeletal, OB/GYN, Vascular, Others
  • Based on End-Use the market is segmented as, Hospital, Clinics, Diagnostic center, Ambulatory Surgery Centers (ASCs)
  • Based on Region the market is segmented as, North America, Europe, Asia Pacific

Regional Analysis:

Ultrasound Transducer Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Ultrasound Transducer Market Attractiveness Analysis, By Region 2020-2028
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Ultrasound Transducer Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Ultrasound Transducer Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Ultrasound Transducer Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Ultrasound Transducer Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Ultrasound Transducer Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • are focusing on the development of high-powered, handheld, single-use ultrasound transducers. Moreover, companies are launching ultrasound devices incorporated with the advanced transducer. These advanced products are specially designed for various applications including vascular and muscular-skeletal. Introduction of novel devices such as EPIQ Elite ultrasound system, SiliconWave L38-22 linear array transducer, and mi-ultra with both linear & convex offering is anticipated to boost the market during the forecast period.
  • Increasing the use of ultrasound machines owing to its high efficiency and safety is expected to drive the market. These devices offer accurate diagnosis and real-time data to the physicians for better diagnosis. Owing to these advantages, the demand for these systems is expected to be on a steep rise during the forecast period.
  • Product Type Insights
  • Convex segment leads the ultrasound transducers market owing to the high efficiency of the product. It offers a wider footprint as compared to linear-array configuration and focuses view on the deep part of the targeted region. It also displays a clearer picture with highly improved reliability. These factors are anticipated to fuel the demand for a convex scanning transducer.
  • Convex transducers are also known as curved transducer since the arrangement of piezoelectric crystal is curvy (rounded). The beam shape is ideal for in-depth investigation. They are widely used for the diagnosis of abdominal, transvaginal, and transrectal conditions.
  • The linear segment is expected to grow at a significant pace during the forecast period. This transducer is ideal for imaging external structures & vessels and hence are also known as vascular probes. The shape of the beam is rectangular along with high-quality near-field resolution. The footprint, frequency, and application depend on 2D or 3D imaging. 2D imaging linear transducer is widely used for vascular examinations, venipuncture, blood vessel visualization, and intraoperative procedures. 3D imaging linear transducers are used in imaging of thyroid, breast, and arteria carotis.
  • Application Insights
  • The general imaging segment accounted for the largest market share in 2018 owing to the high demand for radiation-free and non-invasive diagnostic modalities. The usage of ultrasound is becoming prominent for general imaging as it helps in capturing effective images of soft tissue.
  • The cardiovascular segment is expected to showcase the fastest growth owing to a rise in demand for accurate diagnostic options, the introduction of specially designed products, rising prevalence of heart conditions, and growing awareness among individuals regarding timely treatment.
  • Others (urology, transrectal) segment is expected to capture significant market share in the forecast period owing to the high demand for ultrasound devices in diagnostic as well as surgical procedures. Recently, a study found that ultrasound can be used to assess the risks of deep vein thrombosis (DVT) after ablation procedures. Applications of ultrasound are expected to expand significantly during the forecast period
  • End-Use Insights
  • Hospital segment is anticipated to lead the market in the next seven years owing to the high adoption of ultrasound systems as the primary imaging option. The availability of portable ultrasound systems and usage of this modality in each department is anticipated to boost the demand for ultrasound transducers.
  • The rising number of healthcare facilities in the emerging economies is one of the major demand drivers of the ultrasound transducers. An increasing number of skilled professionals in hospitals and growing awareness regarding innovative devices are few other driving factors affecting the segment growth.
  • The clinic segment is expected to grow considerably during the forecast period owing to the increasing number of professionals and a growing number of clinics in both developing and developed economies. The availability of affordable ultrasound systems which can be used in small clinic settings is expected to play an important role in segment growth.
  • Regional Insights
  • North America is anticipated to lead the market owing to the high adoption of ultrasound modality in general diagnostics and the rising prevalence of lifestyle-associated chronic diseases. Also, high demand for technologically advanced medical devices is expected to propel the market growth in the region.
  • The Asia Pacific is anticipated to grow significantly in the forthcoming years owing to the rapidly growing geriatric population, improving healthcare facilities for treating heart disorders, and growing healthcare expenditure. Blooming medical tourism in Asia Pacific economies is also expected to fuel the ultrasound transducer market in the region.
  • Prospering medical tourism in developing countries such as India, Thailand, Brazil, Mexico, and the Philippines is boosting the demand for world-class healthcare services. This is expected to fuel the number of imported ultrasound devices in these countries. Major market players are strategizing to increase their presence in these regions and offer products at competitive prices.
  • Ultrasound Transducer Market Share Insights
  • The major players profiled in the market comprise GE Healthcare, Koninklijke Philips N.V., Siemens, FUJIFILM SonoSite, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, Shenzhen Ruqi Technology, SonoScape Medical, and Shenzhen Jiarui Electronic Technology.
  • These players are focusing on adopting various growth strategies such as new product launches, innovations in the existing products, and mergers and acquisitions for the introduction of more efficient medical diagnostic devices and strengthening their market presence. Lately, Philips acquired Shanghai Apex Electronics Technology (Apex), a China-based manufacturer of ultrasound transducers for an undisclosed fee. The acquisition aims at strengthening Philip’s portfolio of manufacturing transducers that are essential for determining the image quality of these systems.
  • KEY MARKET SEGMENTS
  • By Product
  • Linear
  • Convex
  • Phased Array
  • Endocavitary
  • CW Doppler
  • Others
  • By Application
  • Cardiovascular
  • General Imaging
  • Musculoskeletal
  • OB/GYN
  • Vascular
  • Others
  • By End-Use
  • Hospital
  • Clinics
  • Diagnostic center
  • Ambulatory Surgery Centers (ASCs)
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • KEY PLAYERS
  • E Healthcare
  • Koninklijke Philips N.V.
  • Siemens
  • FUJIFILM SonoSite
  • Samsung Medison
  • Hitachi
  • Esaote
  • Mindray
  • SIUI
  • Shenzhen Ruqi Technology
  • SonoScape Medical
  • Shenzhen Jiarui Electronic Technology

SkyQuest's Expertise:

The Ultrasound Transducer Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Product - Linear, Convex, Phased Array, Endocavitary, CW Doppler, Others
  • By Application - Cardiovascular, General Imaging, Musculoskeletal, OB/GYN, Vascular, Others
  • By End-Use - Hospital, Clinics, Diagnostic center, Ambulatory Surgery Centers (ASCs)
  • By Region - North America, Europe, Asia Pacific
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • are focusing on the development of high-powered, handheld, single-use ultrasound transducers. Moreover, companies are launching ultrasound devices incorporated with the advanced transducer. These advanced products are specially designed for various applications including vascular and muscular-skeletal. Introduction of novel devices such as EPIQ Elite ultrasound system, SiliconWave L38-22 linear array transducer, and mi-ultra with both linear & convex offering is anticipated to boost the market during the forecast period.
  • Increasing the use of ultrasound machines owing to its high efficiency and safety is expected to drive the market. These devices offer accurate diagnosis and real-time data to the physicians for better diagnosis. Owing to these advantages, the demand for these systems is expected to be on a steep rise during the forecast period.
  • Product Type Insights
  • Convex segment leads the ultrasound transducers market owing to the high efficiency of the product. It offers a wider footprint as compared to linear-array configuration and focuses view on the deep part of the targeted region. It also displays a clearer picture with highly improved reliability. These factors are anticipated to fuel the demand for a convex scanning transducer.
  • Convex transducers are also known as curved transducer since the arrangement of piezoelectric crystal is curvy (rounded). The beam shape is ideal for in-depth investigation. They are widely used for the diagnosis of abdominal, transvaginal, and transrectal conditions.
  • The linear segment is expected to grow at a significant pace during the forecast period. This transducer is ideal for imaging external structures & vessels and hence are also known as vascular probes. The shape of the beam is rectangular along with high-quality near-field resolution. The footprint, frequency, and application depend on 2D or 3D imaging. 2D imaging linear transducer is widely used for vascular examinations, venipuncture, blood vessel visualization, and intraoperative procedures. 3D imaging linear transducers are used in imaging of thyroid, breast, and arteria carotis.
  • Application Insights
  • The general imaging segment accounted for the largest market share in 2018 owing to the high demand for radiation-free and non-invasive diagnostic modalities. The usage of ultrasound is becoming prominent for general imaging as it helps in capturing effective images of soft tissue.
  • The cardiovascular segment is expected to showcase the fastest growth owing to a rise in demand for accurate diagnostic options, the introduction of specially designed products, rising prevalence of heart conditions, and growing awareness among individuals regarding timely treatment.
  • Others (urology, transrectal) segment is expected to capture significant market share in the forecast period owing to the high demand for ultrasound devices in diagnostic as well as surgical procedures. Recently, a study found that ultrasound can be used to assess the risks of deep vein thrombosis (DVT) after ablation procedures. Applications of ultrasound are expected to expand significantly during the forecast period
  • End-Use Insights
  • Hospital segment is anticipated to lead the market in the next seven years owing to the high adoption of ultrasound systems as the primary imaging option. The availability of portable ultrasound systems and usage of this modality in each department is anticipated to boost the demand for ultrasound transducers.
  • The rising number of healthcare facilities in the emerging economies is one of the major demand drivers of the ultrasound transducers. An increasing number of skilled professionals in hospitals and growing awareness regarding innovative devices are few other driving factors affecting the segment growth.
  • The clinic segment is expected to grow considerably during the forecast period owing to the increasing number of professionals and a growing number of clinics in both developing and developed economies. The availability of affordable ultrasound systems which can be used in small clinic settings is expected to play an important role in segment growth.
  • Regional Insights
  • North America is anticipated to lead the market owing to the high adoption of ultrasound modality in general diagnostics and the rising prevalence of lifestyle-associated chronic diseases. Also, high demand for technologically advanced medical devices is expected to propel the market growth in the region.
  • The Asia Pacific is anticipated to grow significantly in the forthcoming years owing to the rapidly growing geriatric population, improving healthcare facilities for treating heart disorders, and growing healthcare expenditure. Blooming medical tourism in Asia Pacific economies is also expected to fuel the ultrasound transducer market in the region.
  • Prospering medical tourism in developing countries such as India, Thailand, Brazil, Mexico, and the Philippines is boosting the demand for world-class healthcare services. This is expected to fuel the number of imported ultrasound devices in these countries. Major market players are strategizing to increase their presence in these regions and offer products at competitive prices.
  • Ultrasound Transducer Market Share Insights
  • The major players profiled in the market comprise GE Healthcare, Koninklijke Philips N.V., Siemens, FUJIFILM SonoSite, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, Shenzhen Ruqi Technology, SonoScape Medical, and Shenzhen Jiarui Electronic Technology.
  • These players are focusing on adopting various growth strategies such as new product launches, innovations in the existing products, and mergers and acquisitions for the introduction of more efficient medical diagnostic devices and strengthening their market presence. Lately, Philips acquired Shanghai Apex Electronics Technology (Apex), a China-based manufacturer of ultrasound transducers for an undisclosed fee. The acquisition aims at strengthening Philip’s portfolio of manufacturing transducers that are essential for determining the image quality of these systems.
  • KEY MARKET SEGMENTS
  • By Product
  • Linear
  • Convex
  • Phased Array
  • Endocavitary
  • CW Doppler
  • Others
  • By Application
  • Cardiovascular
  • General Imaging
  • Musculoskeletal
  • OB/GYN
  • Vascular
  • Others
  • By End-Use
  • Hospital
  • Clinics
  • Diagnostic center
  • Ambulatory Surgery Centers (ASCs)
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • KEY PLAYERS
  • E Healthcare
  • Koninklijke Philips N.V.
  • Siemens
  • FUJIFILM SonoSite
  • Samsung Medison
  • Hitachi
  • Esaote
  • Mindray
  • SIUI
  • Shenzhen Ruqi Technology
  • SonoScape Medical
  • Shenzhen Jiarui Electronic Technology
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Ultrasound Transducer Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Ultrasound Transducer Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • are focusing on the development of high-powered, handheld, single-use ultrasound transducers. Moreover, companies are launching ultrasound devices incorporated with the advanced transducer. These advanced products are specially designed for various applications including vascular and muscular-skeletal. Introduction of novel devices such as EPIQ Elite ultrasound system, SiliconWave L38-22 linear array transducer, and mi-ultra with both linear & convex offering is anticipated to boost the market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Increasing the use of ultrasound machines owing to its high efficiency and safety is expected to drive the market. These devices offer accurate diagnosis and real-time data to the physicians for better diagnosis. Owing to these advantages, the demand for these systems is expected to be on a steep rise during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Product Type Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Convex segment leads the ultrasound transducers market owing to the high efficiency of the product. It offers a wider footprint as compared to linear-array configuration and focuses view on the deep part of the targeted region. It also displays a clearer picture with highly improved reliability. These factors are anticipated to fuel the demand for a convex scanning transducer.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Convex transducers are also known as curved transducer since the arrangement of piezoelectric crystal is curvy (rounded). The beam shape is ideal for in-depth investigation. They are widely used for the diagnosis of abdominal, transvaginal, and transrectal conditions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The linear segment is expected to grow at a significant pace during the forecast period. This transducer is ideal for imaging external structures & vessels and hence are also known as vascular probes. The shape of the beam is rectangular along with high-quality near-field resolution. The footprint, frequency, and application depend on 2D or 3D imaging. 2D imaging linear transducer is widely used for vascular examinations, venipuncture, blood vessel visualization, and intraoperative procedures. 3D imaging linear transducers are used in imaging of thyroid, breast, and arteria carotis.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The general imaging segment accounted for the largest market share in 2018 owing to the high demand for radiation-free and non-invasive diagnostic modalities. The usage of ultrasound is becoming prominent for general imaging as it helps in capturing effective images of soft tissue.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The cardiovascular segment is expected to showcase the fastest growth owing to a rise in demand for accurate diagnostic options, the introduction of specially designed products, rising prevalence of heart conditions, and growing awareness among individuals regarding timely treatment.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others (urology, transrectal) segment is expected to capture significant market share in the forecast period owing to the high demand for ultrasound devices in diagnostic as well as surgical procedures. Recently, a study found that ultrasound can be used to assess the risks of deep vein thrombosis (DVT) after ablation procedures. Applications of ultrasound are expected to expand significantly during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • End-Use Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hospital segment is anticipated to lead the market in the next seven years owing to the high adoption of ultrasound systems as the primary imaging option. The availability of portable ultrasound systems and usage of this modality in each department is anticipated to boost the demand for ultrasound transducers.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The rising number of healthcare facilities in the emerging economies is one of the major demand drivers of the ultrasound transducers. An increasing number of skilled professionals in hospitals and growing awareness regarding innovative devices are few other driving factors affecting the segment growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The clinic segment is expected to grow considerably during the forecast period owing to the increasing number of professionals and a growing number of clinics in both developing and developed economies. The availability of affordable ultrasound systems which can be used in small clinic settings is expected to play an important role in segment growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Regional Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America is anticipated to lead the market owing to the high adoption of ultrasound modality in general diagnostics and the rising prevalence of lifestyle-associated chronic diseases. Also, high demand for technologically advanced medical devices is expected to propel the market growth in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Asia Pacific is anticipated to grow significantly in the forthcoming years owing to the rapidly growing geriatric population, improving healthcare facilities for treating heart disorders, and growing healthcare expenditure. Blooming medical tourism in Asia Pacific economies is also expected to fuel the ultrasound transducer market in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Prospering medical tourism in developing countries such as India, Thailand, Brazil, Mexico, and the Philippines is boosting the demand for world-class healthcare services. This is expected to fuel the number of imported ultrasound devices in these countries. Major market players are strategizing to increase their presence in these regions and offer products at competitive prices.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ultrasound Transducer Market Share Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The major players profiled in the market comprise GE Healthcare, Koninklijke Philips N.V., Siemens, FUJIFILM SonoSite, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, Shenzhen Ruqi Technology, SonoScape Medical, and Shenzhen Jiarui Electronic Technology.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • These players are focusing on adopting various growth strategies such as new product launches, innovations in the existing products, and mergers and acquisitions for the introduction of more efficient medical diagnostic devices and strengthening their market presence. Lately, Philips acquired Shanghai Apex Electronics Technology (Apex), a China-based manufacturer of ultrasound transducers for an undisclosed fee. The acquisition aims at strengthening Philip’s portfolio of manufacturing transducers that are essential for determining the image quality of these systems.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Product
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Linear
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Convex
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Phased Array
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Endocavitary
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CW Doppler
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cardiovascular
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • General Imaging
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Musculoskeletal
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OB/GYN
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Vascular
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By End-Use
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hospital
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Clinics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Diagnostic center
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ambulatory Surgery Centers (ASCs)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • E Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Koninklijke Philips N.V.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Siemens
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • FUJIFILM SonoSite
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Samsung Medison
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hitachi
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Esaote
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mindray
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SIUI
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Shenzhen Ruqi Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SonoScape Medical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Shenzhen Jiarui Electronic Technology
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Ultrasound Transducer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultrasound Transducer Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultrasound Transducer Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Ultrasound Transducer Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The market for Ultrasound Transducer was estimated to be valued at US$ XX Mn in 2021.

The Ultrasound Transducer Market is estimated to grow at a CAGR of XX% by 2028.

The Ultrasound Transducer Market is segmented on the basis of Product, Application, End-Use, Region.

Based on region, the Ultrasound Transducer Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Ultrasound Transducer Market are are focusing on the development of high-powered, handheld, single-use ultrasound transducers. Moreover, companies are launching ultrasound devices incorporated with the advanced transducer. These advanced products are specially designed for various applications including vascular and muscular-skeletal. Introduction of novel devices such as EPIQ Elite ultrasound system, SiliconWave L38-22 linear array transducer, and mi-ultra with both linear & convex offering is anticipated to boost the market during the forecast period., Increasing the use of ultrasound machines owing to its high efficiency and safety is expected to drive the market. These devices offer accurate diagnosis and real-time data to the physicians for better diagnosis. Owing to these advantages, the demand for these systems is expected to be on a steep rise during the forecast period., Product Type Insights, Convex segment leads the ultrasound transducers market owing to the high efficiency of the product. It offers a wider footprint as compared to linear-array configuration and focuses view on the deep part of the targeted region. It also displays a clearer picture with highly improved reliability. These factors are anticipated to fuel the demand for a convex scanning transducer., Convex transducers are also known as curved transducer since the arrangement of piezoelectric crystal is curvy (rounded). The beam shape is ideal for in-depth investigation. They are widely used for the diagnosis of abdominal, transvaginal, and transrectal conditions., The linear segment is expected to grow at a significant pace during the forecast period. This transducer is ideal for imaging external structures & vessels and hence are also known as vascular probes. The shape of the beam is rectangular along with high-quality near-field resolution. The footprint, frequency, and application depend on 2D or 3D imaging. 2D imaging linear transducer is widely used for vascular examinations, venipuncture, blood vessel visualization, and intraoperative procedures. 3D imaging linear transducers are used in imaging of thyroid, breast, and arteria carotis., Application Insights, The general imaging segment accounted for the largest market share in 2018 owing to the high demand for radiation-free and non-invasive diagnostic modalities. The usage of ultrasound is becoming prominent for general imaging as it helps in capturing effective images of soft tissue., The cardiovascular segment is expected to showcase the fastest growth owing to a rise in demand for accurate diagnostic options, the introduction of specially designed products, rising prevalence of heart conditions, and growing awareness among individuals regarding timely treatment., Others (urology, transrectal) segment is expected to capture significant market share in the forecast period owing to the high demand for ultrasound devices in diagnostic as well as surgical procedures. Recently, a study found that ultrasound can be used to assess the risks of deep vein thrombosis (DVT) after ablation procedures. Applications of ultrasound are expected to expand significantly during the forecast period, End-Use Insights, Hospital segment is anticipated to lead the market in the next seven years owing to the high adoption of ultrasound systems as the primary imaging option. The availability of portable ultrasound systems and usage of this modality in each department is anticipated to boost the demand for ultrasound transducers., The rising number of healthcare facilities in the emerging economies is one of the major demand drivers of the ultrasound transducers. An increasing number of skilled professionals in hospitals and growing awareness regarding innovative devices are few other driving factors affecting the segment growth., The clinic segment is expected to grow considerably during the forecast period owing to the increasing number of professionals and a growing number of clinics in both developing and developed economies. The availability of affordable ultrasound systems which can be used in small clinic settings is expected to play an important role in segment growth., Regional Insights, North America is anticipated to lead the market owing to the high adoption of ultrasound modality in general diagnostics and the rising prevalence of lifestyle-associated chronic diseases. Also, high demand for technologically advanced medical devices is expected to propel the market growth in the region., The Asia Pacific is anticipated to grow significantly in the forthcoming years owing to the rapidly growing geriatric population, improving healthcare facilities for treating heart disorders, and growing healthcare expenditure. Blooming medical tourism in Asia Pacific economies is also expected to fuel the ultrasound transducer market in the region., Prospering medical tourism in developing countries such as India, Thailand, Brazil, Mexico, and the Philippines is boosting the demand for world-class healthcare services. This is expected to fuel the number of imported ultrasound devices in these countries. Major market players are strategizing to increase their presence in these regions and offer products at competitive prices., Ultrasound Transducer Market Share Insights, The major players profiled in the market comprise GE Healthcare, Koninklijke Philips N.V., Siemens, FUJIFILM SonoSite, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, Shenzhen Ruqi Technology, SonoScape Medical, and Shenzhen Jiarui Electronic Technology., These players are focusing on adopting various growth strategies such as new product launches, innovations in the existing products, and mergers and acquisitions for the introduction of more efficient medical diagnostic devices and strengthening their market presence. Lately, Philips acquired Shanghai Apex Electronics Technology (Apex), a China-based manufacturer of ultrasound transducers for an undisclosed fee. The acquisition aims at strengthening Philip’s portfolio of manufacturing transducers that are essential for determining the image quality of these systems., KEY MARKET SEGMENTS, By Product, Linear, Convex, Phased Array, Endocavitary, CW Doppler, Others, By Application, Cardiovascular, General Imaging, Musculoskeletal, OB/GYN, Vascular, Others, By End-Use, Hospital, Clinics, Diagnostic center, Ambulatory Surgery Centers (ASCs), By Region, North America, Europe, Asia Pacific, Middle East & Africa, KEY PLAYERS, E Healthcare, Koninklijke Philips N.V., Siemens, FUJIFILM SonoSite, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, Shenzhen Ruqi Technology, SonoScape Medical, Shenzhen Jiarui Electronic Technology.

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Ultrasound Transducer Market

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