The Ultrasound Transducer Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Ultrasound Transducer Market?
The market size of the ultrasound transducer has consistently expanded in the previous years. The market is expected to increase from a size of $4.39 billion in 2024 to $4.56 billion in 2025, with a compound annual growth rate (CAGR) of 3.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Ultrasound Transducer Industry?
The 2029 market projections for the Ultrasound Transducer Global Market Report indicate that the market size is anticipated to reach $5.32 billion, growing at a compound annual growth rate (CAGR) of 3.9%.
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What are the Key Growth Drivers Fueling the Ultrasound Transducer Market?
The key drivers in the ultrasound transducer market are:
• Proliferation of telemedicine services
• Focus on point-of-care diagnostics
• Increased accessibility in developing regions
• Expanding applications in interventional procedures
Global Market Segmentation: Identifying Major Ultrasound Transducer Industry Segments
The ultrasound transducer market covered in this report is segmented –
1) By Product: Linear, Convex, Phased array, Endocavitary, Continuous wave Doppler, Other Products
2) By Application: Cardiovascular, General Imaging, Musculoskeletal, Obstetrics (OB) And Gynecology (GYN), Vascular, Other Applications
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Clinics
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What are the Emerging Trends Shaping the Future of the Ultrasound Transducer Market?
The key trends in the ultrasound transducer market are:
• There is an increasing trend of miniaturizing transducer technology.
• Expansion of point-of-care ultrasound is emerging as a major trend.
• The development of high-frequency transducers is an emerging trend.
• The incorporation of artificial intelligence and advancements in materials used in transducers, along with wireless and cable-free connectivity are significant new trends.
Who Are the Top Competitors & Leading Players in the Ultrasound Transducer Market?
Major companies in the ultrasound transducer market are:
• Hitachi Medical Corporation
• Siemens Healthineers
• Fujifilm Holdings Corporation
• Koninklijke Philips N.V
• Alpinion Medical Systems Co. Ltd.
• GE HealthCare Technologies Inc.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Neusoft Medical Systems Co. Ltd.
• Canon Medical Systems Corporation
• Meditech Group
• Samsung Medison Co. Ltd.
• Esaote SpA
• SonoScape Medical Corp.
• Edan Instruments Inc.
• Butterfly Network Inc.
• HistoSonics Inc.
• Acutus Medical Inc.
• eZono AG
• Broadsound Corporation
• Delphinus Medical Technologies Inc.
• iThera Medical GmbH
• Novuson Surgical Inc.
• Rivanna Medical Inc.
• Shenzhen JiaRui Electronic Technology Co. Ltd.
• Exact Imaging Inc.
• MediView LLC annual revenue
• Sonavex Inc.
• iSono Health Inc.
Regional Dominance: Which Area Leads the Global Ultrasound Transducer Market?
North America was the largest region in the ultrasound transducer market in 2024
