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Ultrasound Transducer Market

Global Ultrasound Transducer Market Size, Share, Analysis, Outlook, Forecast: 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, Others; Regional Analysis; Supplier Landscape; 2024-2032

Global Ultrasound Transducer Market Outlook

The global ultrasound transducer market size was valued at USD 4.21 billion in 2023, driven by the growing prevalence of cardiovascular, pulmonary, and abdominal problems, increased mergers and acquisitions. The market is anticipated to grow at a CAGR of 3.5% during the forecast period 2024-2032 to reach a value of USD 5.74 billion by 2032.

 

Ultrasound Transducer Market

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Ultrasound transducers are used in diagnostic, surgical treatments, and non-invasive processes, including lithotripsy. Primary diagnostic purposes of these instruments include maternity, cardiovascular, abdominal, cerebrovascular, gynaecological, and urological examinations, as well as breast, tiny tissue parts, paediatric, and operational examinations.

 

Market Segmentation

The ultrasound transducer market can be divided on the basis of segments like type, end-use, and technology.

The industry can be divided on the basis of its type as ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor. The industry can be broadly divided based on its end-use segments into:

 

Global Ultrasound Transducer Market

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  • Automotive
  • Food and Beverage
  • Medical and Healthcare
  • Aerospace and Defence
  • Industrial

The industry can be classified on the basis of its technology as ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology.

The EMR report looks into the regional ultrasound transducer markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Market Analysis

The ultrasound transducer market owes its growth to factors like the increasing prevalence of cardiovascular, respiratory, and abdominal disorders, growing mergers and acquisitions, and the growing number of product launches. The growing use of ultrasound machines in medical imaging of different circumstances and the introduction of developed transducers are some of the critical drivers of the industry. The high cost of the ultrasound product is the only constraint of ultrasound transducer market.

 

Ultrasound Transducer Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global ultrasound transducer market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Siemens AG (OTCMKTS: SIEGY)
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • Murata Manufacturing Co. Ltd
  • Omron Corporation
  • Sick AG 
  • Banner Engineering Corp.

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • End User
  • Region
Breakup by Product
  • Convex
  • Linear
  • Endocavitary
  • Phased array
  • CW Doppler
  • Others
Breakup by Application
  • Musculoskeletal
  • Cardiovascular
  • OB/GYN
  • General Imaging
  • Others
Breakup by End User
  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Koninklijke Philips N.V.
  • Siemens Healthineers
  • GE Healthcare
  • Hitachi Medical Systems
  • FUJIFILM Sonosite Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co.
  • Canon Medical Systems Corporation
  • ESAOTE SPA
  • Samsung Medison Co., Ltd.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope 
    1.4    Research Methodology
2    Executive Summary
3    Ultrasound Transducer Market Overview 

    3.1    Ultrasound Transducer Market Historical Value (2017-2023) 
    3.2    Ultrasound Transducer Market Forecast Value (2024-2032)
4    Ultrasound Transducer Market Landscape
    4.1    Ultrasound Transducer: Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Ultrasound Transducer: Product Landscape
        4.2.1    Analysis by Type
        4.2.2    Analysis by Technology
5    Ultrasound Transducer Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model
    5.4    Key Demand Indicators 
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends  
    5.7    Value Chain Analysis
6    Ultrasound Transducer Market Segmentation
    6.1    Ultrasound Transducer Market by Product
        6.1.1    Market Overview    
        6.1.2    Convex
        6.1.3    Linear
        6.1.4    Endocavitary
        6.1.5    Phased array
        6.1.6    CW Doppler
        6.1.7    Others
    6.2    Ultrasound Transducer Market by Application
        6.2.1    Market Overview
        6.2.2    Musculoskeletal
        6.2.3    Cardiovascular
        6.2.4    OB/GYN
        6.2.5    General Imaging
        6.2.6    Others 
    6.3    Ultrasound Transducer Market by End User
        6.3.1    Market Overview
        6.3.2    Hospitals
        6.3.3    Diagnostic Centers
        6.3.4    Ambulatory Surgical Centers
        6.3.5    Others 
    6.4    Ultrasound Transducer Market by Region
        6.4.1    Market Overview
        6.4.2    North America
        6.4.3    Europe 
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Ultrasound Transducer Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Ultrasound Transducer Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Ultrasound Transducer Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Ultrasound Transducer Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Ultrasound Transducer Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Regulatory Framework
    12.1    Regulatory Overview
        12.1.1    US FDA
        12.1.2    EU EMA
        12.1.3    INDIA CDSCO
        12.1.4    JAPAN PMDA
        12.1.5    Others
13    Patent Analysis
    13.1    Analysis by Type of Patent
    13.2    Analysis by Publication year
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Patent Age
    13.5    Analysis by CPC Analysis
    13.6    Analysis by Patent Valuation 
    13.7    Analysis by Key Players
14    Grants Analysis
    14.1    Analysis by year
    14.2    Analysis by Amount Awarded
    14.3    Analysis by Issuing Authority
    14.4    Analysis by Grant Application
    14.5    Analysis by Funding Institute
    14.6    Analysis by NIH Departments
    14.7    Analysis by Recipient Organization 
15    Clinical Trials Analysis
    15.1     Analysis by Trial Registration Year
    15.2    Analysis by Trial Status
    15.3    Analysis by Trial Phase
    15.4    Analysis by Therapeutic Area
    15.5    Analysis by Geography
16    Funding and Investment Analysis
    16.1    Analysis by Funding Instances
    16.2    Analysis by Type of Funding
    16.3    Analysis by Funding Amount
    16.4    Analysis by Leading Players
    16.5    Analysis by Leading Investors
    16.6    Analysis by Geography
17    Partnership and Collaborations Analysis
    17.1    Analysis by Partnership Instances
    17.2    Analysis by Type of Partnership
    17.3    Analysis by Leading Players
    17.4    Analysis by Geography
18    Supplier Landscape
    18.1    Koninklijke Philips N.V.
        18.1.1    Financial Analysis
        18.1.2    Product Portfolio
        18.1.3    Demographic Reach and Achievements
        18.1.4    Mergers and Acquisitions
        18.1.5    Certifications
    18.2    Siemens Healthineers 
        18.2.1    Financial Analysis
        18.2.2    Product Portfolio
        18.2.3    Demographic Reach and Achievements
        18.2.4    Mergers and Acquisitions
        18.2.5    Certifications
    18.3    GE Healthcare 
        18.3.1    Financial Analysis
        18.3.2    Product Portfolio
        18.3.3    Demographic Reach and Achievements
        18.3.4    Mergers and Acquisitions
        18.3.5    Certifications
    18.4    Hitachi Medical Systems 
        18.4.1    Financial Analysis
        18.4.2    Product Portfolio
        18.4.3    Demographic Reach and Achievements
        18.4.4    Mergers and Acquisitions
        18.4.5    Certifications
    18.5    FUJIFILM Sonosite Inc.
        18.5.1    Financial Analysis
        18.5.2    Product Portfolio
        18.5.3    Demographic Reach and Achievements
        18.5.4    Mergers and Acquisitions
        18.5.5    Certifications
    18.6    Shenzhen Mindray Bio-Medical Electronics Co.
        18.6.1    Financial Analysis
        18.6.2    Product Portfolio
        18.6.3    Demographic Reach and Achievements
        18.6.4    Mergers and Acquisitions
        18.6.5    Certifications
    18.7    Canon Medical Systems Corporation 
        18.7.1    Financial Analysis
        18.7.2    Product Portfolio
        18.7.3    Demographic Reach and Achievements
        18.7.4    Mergers and Acquisitions
        18.7.5    Certifications
    18.8    ESAOTE SPA 
        18.8.1    Financial Analysis
        18.8.2    Product Portfolio
        18.8.3    Demographic Reach and Achievements
        18.8.4    Mergers and Acquisitions
        18.8.5    Certifications
    18.9    Samsung Medison Co., Ltd.
        18.9.1    Financial Analysis
        18.9.2    Product Portfolio
        18.9.3    Demographic Reach and Achievements
        18.9.4    Mergers and Acquisitions
        18.9.5    Certifications
19    Ultrasound Transducer - Distribution Model (Additional Insight)
    19.1    Overview 
    19.2    Potential Distributors 
    19.3    Key Parameters for Distribution Partner Assessment 
20    Key Opinion Leaders (KOL) Insights (Additional Insight)
21    Company Competitiveness Analysis (Additional Insight)

    21.1    Very Small Companies
    21.2    Small Companies
    21.3    Mid-Sized Companies
    21.4    Large Companies
    21.5    Very Large Companies
22    Payment Methods (Additional Insight)
    22.1    Government Funded
    22.2    Private Insurance
    22.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The global ultrasound transducer market reached a value of USD 4.21 billion in 2023.

The market is anticipated to grow at a CAGR of 3.5% during the forecast period of 2024-2032 to reach a value of USD 5.74 billion by 2032.

The industry is primarily being driven by the growing prevalence of cardiovascular, pulmonary, and abdominal problems, increased mergers and acquisitions, a growing number of product launches, and increasing use of ultrasound machines owing to its high efficiency and safety.

The key trends augmenting the market growth are the expanding usage of ultrasound machines in medical imaging of various cases and the introduction of advanced transducers.

The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.

Ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology are the different types of technologies in the industry.

The different types include ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor.

The various end-uses of the industry are automotive, food and beverage, medical and healthcare, aerospace and defence, and industrial.

The major players in the industry are Siemens AG, Honeywell International Inc., Rockwell Automation, Inc., Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, and Banner Engineering Corp.

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