Ultrasound Transducer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Ultrasound Transducer Market is segmented By Product (Convex, Linear, Endocavitary, Phased array, CW Doppler), By Application, By End User and Geography.

Market Snapshot

Ultrasound Transducer Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

The Ultrasound Transducer Market is expected to register a CAGR of 8% during the forecast period. This is attributing to the rising demand for minimally invasive therapies, increasing prevalence of cardiovascular, respiratory, and abdominal disorders. The ultrasound technology with the help of transducers transfer the ultrasound waves and transmit the images with echoes in the machine. These are used for diagnostic purposes such as monitoring of cardiac, abdominal, cerebrovascular, gynecological, and urological. Thus, growing target patient pool with technological advancement associated with transducers will trigger the revenue growth of the market. Moreover, an increasing number of chronic diseases population, rising awareness about early diagnosis, and the growing number of ultrasound diagnostic imaging procedures are some more factors promoting the growth of the ultrasound transducer market. Furthermore high efficiency and safety associated with ultrasound machines led to increasing usage among end-user and the introduction of novel devices such as Silicon Wave L38-22 linear array transducer and EPIQ Elite ultrasound system will create a demand and drive the overall market in the forecasted period.

Scope of the Report

As per the scope, an ultrasound transducer is a device also known as probe which produces sound waves and makes echoes. The device is used in surgical procedures, diagnostic testing, and noninvasive procedures.

By Product
Convex
Linear
Endocavitary
Phased array
CW Doppler
Others
By Application
Musculoskeletal
Cardiovascular
OB/GYN
General Imaging
Others
By End User
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Convex in ultrasound transducer is Estimated to Witness a Healthy Growth in Future.

Convex transducer is estimated to witness healthy growth in the future attributed to several benefits associated with this convex transducer device. Benefits such as high efficiency, due to wider footprint and it focuses on the deep part of organ compared to other transducers product types. In addition, these devices also give more clear images and highly improved reliability. The beam shape of the convex transducer is convex and are ideal for in-depth investigation in several disorders Moreover, high adoption of convex transducers in the diagnosis of transvaginal, abdominal, and transrectal condition will promote the segment growth.

In Addition, the number of new cancer cases reported in 2018 as per Globocan around the world will promote early treatment and diagnosis of the disorder and further create a lucrative opportunity for the ultrasound transducer market in the coming years.

Key trends Ultrasound transducer.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Ultrasound Transducer Market due to the rising prevalence of chronic diseases, high demand for technologically advanced medical devices, growing research and development expenditure, rising patient preference for early diagnosis and increasing demand of ultrasound system. The United States owns the largest share of Ultrasound Transducer Market in the North America region Furthermore, well-established infrastructure and growing healthcare infrastructure are also expected to fuel the Ultrasound Transducer Market in this region.

Geography Ultrasound transducer.png

Competitive Landscape

The Ultrasound Transducer Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Koninklijke Philips N.V, Siemens Healthineers, GE Healthcare, Hitachi Medical Systems, FUJIFILM Sonosite, Inc, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Canon Medical Systems Corporation, ESAOTE SPA, and Samsung Medison Co., Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand of Minimally Invasive Therapies

      2. 4.2.2 Increasing Prevalence of Cardiovascular, Respiratory, and Abdominal Disorders

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Ultrasound Product

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Convex

      2. 5.1.2 Linear

      3. 5.1.3 Endocavitary

      4. 5.1.4 Phased array

      5. 5.1.5 CW Doppler

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Musculoskeletal

      2. 5.2.2 Cardiovascular

      3. 5.2.3 OB/GYN

      4. 5.2.4 General Imaging

      5. 5.2.5 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Diagnostic Centers

      3. 5.3.3 Ambulatory Surgical Centers

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips N.V

      2. 6.1.2 Siemens Healthineers

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Hitachi Medical Systems

      5. 6.1.5 FUJIFILM Sonosite, Inc

      6. 6.1.6 Shenzhen Mindray Bio-Medical Electronics Co., Ltd

      7. 6.1.7 Canon Medical Systems Corporation

      8. 6.1.8 ESAOTE SPA

      9. 6.1.9 Samsung Medison Co., Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Ultrasound Transducer Market market is studied from 2018 - 2026.

The Ultrasound Transducer Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Koninklijke Philips N.V, Siemens Healthineers, GENERAL ELECTRIC COMPANY, Hitachi Medical Systems, FUJIFILM Sonosite, Inc are the major companies operating in Ultrasound Transducer Market.

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