The global ultrasound transducer market accounted for USD 3.89 billion in 2023 and is expected to reach at USD 5.79 billion by 2034 with a CAGR of 3.68% during the forecast period 2024-2034. The utilization of ultrasound devices for diagnostic imaging across different conditions is expanding, increasing focus on developing high-powered, handheld, & single-use ultrasound transducers, growing trend of incorporating advanced transducers into ultrasound devices, a heightened use of ultrasound machines due to their efficiency & safety, and surge in the introduction of innovative ultrasound transducer devices are some of the key factors boosting the market growth.
Surge in the introduction of innovative ultrasound transducer devices is predicted to boost the market growth during the forecast period. Ultrasound transducers find application in diagnostic testing, surgical interventions, and noninvasive procedures such as lithotripsy. These devices are primarily utilized for diagnostic purposes in various medical fields, including cardiology, obstetrics, abdominal imaging, gynecology, neurology, urology, breast imaging, and pediatric examinations, as well as intraoperative evaluations. For instance, in November 2023, Boston Imaging, the U.S. base of Samsung's digital radiography and ultrasound division, unveiled its newest ultrasound system, the V6. This system offers extensive imaging features in 2D, 3D, and color image quality, specifically designed for Women's Health and Urology applications. Recently granted 510(k) clearance by the U.S. Food and Drug Administration for commercial utilization, the V6 is engineered to be cost-effective while satisfying workflow and productivity requirements.
By product, convex was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the product's effectiveness, widespread utilization of convex transducers in diagnosing transvaginal, abdominal, & transrectal conditions, and increasing number of product introductions by various market participants. For instance, in February 2022, The Sonosite LX system is a high-end addition to FUJIFILM Sonosite, Inc.'s next-generation portfolio, expanding its superior POCUS offering. This system features the largest clinical image ever produced by the company and includes a monitor that offers enhanced real-time provider collaboration through extension, rotation, and tilting capabilities. Additionally, linear is predicted to grow at the fastest CAGR during the forecast period. This transducer is well-suited for visualizing external structures and vessels, earning it the moniker "vascular probes." Its beam shape is rectangular, ensuring excellent resolution in close proximity. The size, frequency, and intended use vary depending on whether it's for 2D or 3D imaging. Linear transducers used for 2D imaging are frequently utilized in various medical procedures such as vascular examinations, venipuncture, visualization of blood vessels, and intraoperative procedures. Meanwhile, linear transducers for 3D imaging are utilized for imaging the thyroid, breast, and carotid artery.
By application, general imaging was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the increasing need for diagnostic methods that are free from radiation & non-invasive and rise in the introduction of advanced solutions. Ultrasound is gaining popularity for general imaging purposes due to its ability to capture clear images of soft tissue effectively. For instance, in November 2022, Royal Philips unveiled its latest compact and portable ultrasound solution worldwide during the Radiological Society of North America (RSNA) annual meeting. The new Compact 5000 Series by Philips is designed to extend the high diagnostic quality typically found in premium cart-based ultrasound systems to a broader range of patients. Additionally, cardiovascular is predicted to grow at the fastest CAGR during forecast period owing to the increasing need for precise diagnostic alternatives, the emergence of specially tailored products, rising incidence of heart ailments, and heightened awareness among individuals regarding the importance of timely treatment.
By end-user, hospital was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the rising adoption of ultrasound systems as the primary choice for imaging, growing presence of healthcare facilities increasing cadre of skilled professionals within hospitals, and surge in the introduction of innovative devices. For instance, in June 2022, Mindray introduced the TEX20 Series, its top-of-the-line Point of Care ultrasound system. This series integrates a comprehensive array of wireless features such as voice command, wireless charging, and wireless transducers, aimed at improving workflow efficiency and enhancing user experience in high-pressure clinical settings. Additionally, clinic is predicted to grow at the fastest CAGR during the forecast period owing to the rising number of professionals, expanding clinic count, accessibility of cost-effective ultrasound systems suitable for small clinic environments, and increasing awareness about cutting-edge devices.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread acceptance of ultrasound as a modality for general diagnostics, increase in the occurrence of chronic diseases linked to lifestyle factors, a strong desire for technologically advanced medical devices, and growing number of innovative devices being introduced to the market. For instance, in September 2023, During the recent European Society of Cardiology (ESC) 2023 meeting in Amsterdam, The Netherlands, GE HealthCare unveiled a handheld, wireless ultrasound imaging system tailored for swift cardiac and vascular evaluations at the point of care. Branded as Vscan Air SL, this new addition to the Vscan product line aims to assist clinicians in expediting diagnoses and treatment determinations, as per a statement issued by the company. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing elderly population, enhanced healthcare facilities catering to heart conditions, rise in healthcare spending, growing medical tourism, surge in the importation of ultrasound devices and an uptick in collaborations among market participants. For instance, in October 2022, Abdul Latif Jameel Health, a division of the international diversified family business Abdul Latif Jameel, has reached an agreement with Wellesta Holdings, a Singapore-based company offering marketing and commercialization services in the healthcare sector across Southeast Asia and India, as well as collaborating in the MENA region (Middle East & North Africa). The agreement pertains to the marketing and distribution of the Butterfly iQ+ point-of-care ultrasound device in India.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Surge in the introduction of innovative ultrasound transducer devices is predicted to boost the market growth during the forecast period. Ultrasound transducers find application in diagnostic testing, surgical interventions, and noninvasive procedures such as lithotripsy. These devices are primarily utilized for diagnostic purposes in various medical fields, including cardiology, obstetrics, abdominal imaging, gynecology, neurology, urology, breast imaging, and pediatric examinations, as well as intraoperative evaluations. For instance, in November 2023, Boston Imaging, the U.S. base of Samsung's digital radiography and ultrasound division, unveiled its newest ultrasound system, the V6. This system offers extensive imaging features in 2D, 3D, and color image quality, specifically designed for Women's Health and Urology applications. Recently granted 510(k) clearance by the U.S. Food and Drug Administration for commercial utilization, the V6 is engineered to be cost-effective while satisfying workflow and productivity requirements.
By product, convex was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the product's effectiveness, widespread utilization of convex transducers in diagnosing transvaginal, abdominal, & transrectal conditions, and increasing number of product introductions by various market participants. For instance, in February 2022, The Sonosite LX system is a high-end addition to FUJIFILM Sonosite, Inc.'s next-generation portfolio, expanding its superior POCUS offering. This system features the largest clinical image ever produced by the company and includes a monitor that offers enhanced real-time provider collaboration through extension, rotation, and tilting capabilities. Additionally, linear is predicted to grow at the fastest CAGR during the forecast period. This transducer is well-suited for visualizing external structures and vessels, earning it the moniker "vascular probes." Its beam shape is rectangular, ensuring excellent resolution in close proximity. The size, frequency, and intended use vary depending on whether it's for 2D or 3D imaging. Linear transducers used for 2D imaging are frequently utilized in various medical procedures such as vascular examinations, venipuncture, visualization of blood vessels, and intraoperative procedures. Meanwhile, linear transducers for 3D imaging are utilized for imaging the thyroid, breast, and carotid artery.
By application, general imaging was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the increasing need for diagnostic methods that are free from radiation & non-invasive and rise in the introduction of advanced solutions. Ultrasound is gaining popularity for general imaging purposes due to its ability to capture clear images of soft tissue effectively. For instance, in November 2022, Royal Philips unveiled its latest compact and portable ultrasound solution worldwide during the Radiological Society of North America (RSNA) annual meeting. The new Compact 5000 Series by Philips is designed to extend the high diagnostic quality typically found in premium cart-based ultrasound systems to a broader range of patients. Additionally, cardiovascular is predicted to grow at the fastest CAGR during forecast period owing to the increasing need for precise diagnostic alternatives, the emergence of specially tailored products, rising incidence of heart ailments, and heightened awareness among individuals regarding the importance of timely treatment.
By end-user, hospital was the highest revenue-grossing segment in the global ultrasound transducer market in 2023 owing to the rising adoption of ultrasound systems as the primary choice for imaging, growing presence of healthcare facilities increasing cadre of skilled professionals within hospitals, and surge in the introduction of innovative devices. For instance, in June 2022, Mindray introduced the TEX20 Series, its top-of-the-line Point of Care ultrasound system. This series integrates a comprehensive array of wireless features such as voice command, wireless charging, and wireless transducers, aimed at improving workflow efficiency and enhancing user experience in high-pressure clinical settings. Additionally, clinic is predicted to grow at the fastest CAGR during the forecast period owing to the rising number of professionals, expanding clinic count, accessibility of cost-effective ultrasound systems suitable for small clinic environments, and increasing awareness about cutting-edge devices.
North America region is anticipated for the highest revenue share during the forecast period owing to the widespread acceptance of ultrasound as a modality for general diagnostics, increase in the occurrence of chronic diseases linked to lifestyle factors, a strong desire for technologically advanced medical devices, and growing number of innovative devices being introduced to the market. For instance, in September 2023, During the recent European Society of Cardiology (ESC) 2023 meeting in Amsterdam, The Netherlands, GE HealthCare unveiled a handheld, wireless ultrasound imaging system tailored for swift cardiac and vascular evaluations at the point of care. Branded as Vscan Air SL, this new addition to the Vscan product line aims to assist clinicians in expediting diagnoses and treatment determinations, as per a statement issued by the company. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increasing elderly population, enhanced healthcare facilities catering to heart conditions, rise in healthcare spending, growing medical tourism, surge in the importation of ultrasound devices and an uptick in collaborations among market participants. For instance, in October 2022, Abdul Latif Jameel Health, a division of the international diversified family business Abdul Latif Jameel, has reached an agreement with Wellesta Holdings, a Singapore-based company offering marketing and commercialization services in the healthcare sector across Southeast Asia and India, as well as collaborating in the MENA region (Middle East & North Africa). The agreement pertains to the marketing and distribution of the Butterfly iQ+ point-of-care ultrasound device in India.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Product, Application, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
Segmentation: Ultrasound Transducer Market Report 2023 - 2034
Ultrasound Transducer Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Phased Array
- Convex
- Linear
- CW Doppler
- Endocavitary
- Others
Ultrasound Transducer Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- General Imaging
- Musculoskeletal
- Vascular
- Cardiovascular
- OB/GYN
- Others
Ultrasound Transducer Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Diagnostic Center
- Hospital
- Ambulatory Surgery Centers (ASCs)
- Clinics
Ultrasound Transducer Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Ultrasound Transducer Market: Product Estimates & Trend Analysis
8. Ultrasound Transducer Market: Application Estimates & Trend Analysis
9. Ultrasound Transducer Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Ultrasound Transducer Market
12. Europe Global Ultrasound Transducer Market
13. Asia Pacific Global Ultrasound Transducer Market
14. Latin America Global Ultrasound Transducer Market
15. MEA Global Ultrasound Transducer Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Canon Medical Systems Corporation
- Broadsound Corporation Information
- Fujifilm Holdings Corporation (fujifilm Sonosite)
- Ezono Ag
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd
- Alpinion Medical Systems Co. Ltd
- ESAOTE SPA
- Telemed Ultrasound Medical System
- Koninklijke Philips N.V
- Siemens Healthineers
- GE Healthcare
- Samsung Electronics Co. Ltd (samsung Medison)
