Discover trends, market shifts, and competitive outlooks for the ultrasound transducer industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Key Projections for the CAGR of the Ultrasound Transducer Market Size From 2025 to 2034?

In the past few years, the ultrasound transducer market has seen a consistent increase in size. It is projected to expand from $4.39 billion in 2024 up to $4.56 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.7%. This growth during the historic period has been driven by factors such as the escalating demand for diagnostic imaging, an increase in chronic diseases, broadened usage areas in obstetrics and gynecology, a rising geriatric population, and the evolution of worldwide healthcare infrastructure.

In the coming years, the ultrasound transducer market is projected to steadily increase in size. The market is anticipated to reach $5.32 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.9%. The factors contributing to growth during this forecast period include the growing adoption of telemedicine services, emphasis on point-of-care diagnostics, greater accessibility in developing areas, expanding applications in interventional procedures, and customization for specific medical specialties. The major trends to look out for in this period are the reduction in size of transducer technology, growth in the field of point-of-care ultrasound (POCUS), creation of high-frequency transducers, incorporation of artificial intelligence (AI), improvements in transducer materials, and the emergence of wireless and cable-free transducer connections.

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Which Primay Drivers Are Accelerating Growth in the Ultrasound Transducer Market?

The escalation in cardiovascular and respiratory disorders is anticipated to energize the expansion of the ultrasound transducer market. These disorders, which impact the cardiovascular system (comprising the heart and blood vessels) and the respiratory system (lungs and airways), are routinely diagnosed and managed using ultrasound transducers. These devices are vital for imaging and evaluating the properties and actions of the heart, blood vessels, lungs, and related organs. For example, data released by the British Heart Foundation in September 2024 revealed that around 7.6 million people in the UK are afflicted with heart and circulatory conditions, with about 4 million men and 3.6 million women suffering from these diseases. These diseases account for approximately 27% of all UK deaths, equal to over 170,000 deaths per year or around 480 deaths per day, amounting to one death every three minutes. In March 2024, the Centers for Disease Control and Prevention reported that the number of tuberculosis cases increased from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. Therefore, the growth in cardiovascular and respiratory disorders is catalyzing the expansion of the ultrasound transducer market.

Ultrasound Transducer Market Driver: Higher Rate of Ultrasound Diagnostic Procedures Leaves Positive Impact on Ultrasound Transducer Market

Which Primary Segments of the Ultrasound Transducer Market Are Driving Growth and Industry Transformations?

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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Which Regions Are Key Players in the Growth of 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.

Which Technological Trends Are Reshaping the Ultrasound Transducer Industry Dynamics?

Leading corporations in the ultrasound transducer market are introducing groundbreaking products with novel technology, including the TEX20 Series, aimed at fulfilling the requirements of medical professionals in high-pressure settings like critical care and emergency medicine. The point-of-care ultrasound system, TEX20 Series, can assist clinicians in enhancing patient care in these demanding scenarios. For example, Mindray Global, a medical device firm from China, launched the TEX20 Series, a point-of-care ultrasound system, in June 2022. This system boasts several cutting-edge technologies that offer exceptional image quality, enhanced clinical confidence, and workflow efficiency. The highly technologically advanced Mindray TEX20 series significantly improves clinical outcomes and tailors treatment around the patient with its features like ZST, AI-powered Smart Tools, information integration system, ergonomic design, wireless transducer, advanced imaging modes, high-frequency imaging and its portability.

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What Parameters Are Used to Define the Ultrasound Transducer Market?

An ultrasonic transducer is a device that utilizes the piezoelectric phenomenon to transform electrical energy into mechanical (sound) energy and vice versa for generating and detecting ultrasound waves in medical imaging. It is responsible for producing and catching ultrasound waves, comprising the ultrasound machine’s handheld component. It is an essential component of ultrasound machines, which are widely used in healthcare for visualizing the body’s internal structures.

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