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What fueled the previous growth in the ultrasound transducer market?

The ultrasound transducer market has grown steadily and is set to rise from $4.39 billion in 2024 to $4.56 billion in 2025, achieving a CAGR of 3.7%. Growth has been driven by increasing demand for diagnostic imaging, the prevalence of chronic diseases, expanding applications in obstetrics and gynecology, an aging population, and improvements in healthcare infrastructure.

What will be the ultrasound transducer market size in the future?

The ultrasound transducer market is set for steady growth, reaching $5.32 billion in 2029 with a CAGR of 3.9%. Factors driving growth include expanding telemedicine services, increased accessibility in developing regions, and the rise of point-of-care diagnostics. Key trends include miniaturization, AI integration, high-frequency transducers, and wireless connectivity.

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What main drivers 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 key areas define the segmentation of 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

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Who are the dominant players expanding their reach 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.

How are evolving market trends shaping ultrasound transducer Strategies?

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.

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Which regions are emerging as leaders 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.

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