What Has Been the Progress and Growth of the Ultrasound Transducer Market in Recent Years?
The ultrasound transducer market has seen considerable growth due to a variety of factors.
• In recent times, the ultrasound transducer market has seen steady expansion. The market, which was valued at $4.39 billion in 2024, is expected to increase to $4.56 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.7%.
This historic period growth is largely due to factors such as the surge in demand for diagnostic imaging, the prevalence of chronic diseases, widened usage in obstetrics and gynecology, a growing elderly populace, and the evolution of global healthcare infrastructure.
What Is The Expected Growth In The Ultrasound Transducer Market Size Evolve over the Forecast Period?
The ultrasound transducer market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the ultrasound transducer market is projected to experience consistent expansion. It is predicted to increase to a value of $5.32 billion in 2029 with a compound annual growth rate (CAGR) of 3.9%.
The expected increase in the forecast period can be linked with the growth of telemedicine services, emphasis on point-of-care diagnostics, greater availability in developing regions, the rise of applications in interventional procedures, and customization for particular medical fields. In the forecast period, significant trends comprise the reduction in size of transducer technology, growth in the use of point-of-care ultrasound (pocus), the creation of high-frequency transducers, the incorporation of artificial intelligence (AI), progress in transducer materials and the establishment of wireless and cable-free transducer connectivity.
What Main Forces Are Fueling Expansion In The Ultrasound Transducer Market?
The growth in the ultrasound transducer market is anticipated to be driven by the rising incidence of cardiovascular and respiratory diseases. These ailments, which encompass various conditions affecting the heart, blood vessels, lungs, and airways, are often diagnosed and treated using ultrasound transducers. These devices are essential for imaging and assessing the condition of the heart, blood vessels, and lungs. For example, British Heart Foundation data from September 2024 revealed that about 7.6 million people in the UK live with heart and circulatory diseases, with such diseases contributing to roughly 27% of all deaths in the country. Furthermore, data from the Centers for Disease Control and Prevention in March 2024 recorded a significant increase in tuberculosis cases, from 8,320 in 2022 to 9,615 in 2023. Thus, the growth of the ultrasound transducer market is closely tied to the rise in cardiovascular and respiratory disorders. The ultrasound transducer market is also stimulated by an increase in ultrasound diagnostic imaging procedures. These procedures use high-frequency sound waves to generate real-time, non-invasive images of the body's internal structures, with the ultrasound transducer playing a critical role by generating and detecting these sound waves. To illustrate, per The National Health Service data from November 2023, the number of diagnostic ultrasonography activities in England rose by 1.8% to 10.3 million in 2021/22. Consequently, the increase in ultrasound diagnostic imaging procedures contributes to the expansion of the ultrasound transducer market.
What Are The Primary Segments In The Global Ultrasound Transducer Market?
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
Subsegments:
1) By Linear: High-Frequency Linear Transducers, Low-Frequency Linear Transducers
2) By Convex: Microconvex Transducers, Full-Range Convex Transducers
3) By Phased Array: Small Footprint Phased Array Transducers, Full-Sector Phased Array Transducers
4) By Endocavitary: Vaginal Endocavitary Transducers, Rectal Endocavitary Transducers
5) By Continuous Wave Doppler: Pedoff-Type Continuous Wave Doppler Transducers, Immersion Doppler Transducers
6) By Other Products: 3D Or 4D Transducers, Intravascular Ultrasound (IVUS) Transducers
Pre-Book The Ultrasound Transducer Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Ultrasound Transducer Market?
Key players in the ultrasound transducer market are innovating technological products like the TEX20 Series to address the needs of medical professionals in challenging situations such as critical care and emergency medicine. The TEX20 Series is an ultrasound system designed for point-of-care, enabling clinicians to enhance patient care in challenging environments. For example, in June 2022, Mindray Global, a medical device company based in China, introduced the TEX20 Series point-of-care ultrasound system. This system boasts numerous innovative features that provide impeccable image quality, clinical confidence, and improved workflow efficiency. The Mindray TEX20 series ultrasound system at point-of-care is an advanced technological solution that combines multiple features to enhance clinical performance and patient-focused care. The suite of features in the TEX20 series includes essential technology like ZST, AI-powered Smart Tools, an integrated information management system, ergonomic design, wireless transducer, advanced imaging modalities, high-frequency imaging, and a portable configuration.
Who Are the Key Players In The Ultrasound Transducer Market?
Major companies operating in the ultrasound transducer market report 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.
What Is The Most Dominant Region In The Ultrasound Transducer Market?
North America was the largest region in the ultrasound transducer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ultrasound transducer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
