PUBLISHER: The Business Research Company | PRODUCT CODE: 1695214
PUBLISHER: The Business Research Company | PRODUCT CODE: 1695214
An ultrasonic transducer is a device that utilizes the piezoelectric phenomenon to convert electrical energy into mechanical (sound) energy and vice versa. It is employed for generating and detecting ultrasound waves in medical imaging, playing a crucial role in the production and reception of ultrasound waves within the handheld component of ultrasound machines. These machines are extensively used in healthcare for visualizing the internal structures of the body.
The primary types of ultrasound transducer products include linear, convex, phased array, endocavitary, continuous wave Doppler, and others. A linear transducer is a specific type or design of ultrasound transducer probe characterized by the arrangement of its transducer elements in a linear or straight line configuration within the probe. It finds applications in various forms, such as linear, convex, phased array, endocavitary, continuous wave Doppler, among others. These transducers cater to diverse end-users, including hospitals, diagnostic centers, ambulatory surgical centers, and clinics.
The ultrasound transducer market research report is one of a series of new reports from The Business Research Company that provides ultrasound transducer market statistics, including ultrasound transducer industry global market size, regional shares, competitors with an ultrasound transducer market share, detailed ultrasound transducer market segments, market trends and opportunities, and any further data you may need to thrive in the ultrasound transducer industry. This ultrasound transducer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ultrasound transducer market size has grown steadily in recent years. It will grow from $4.39 billion in 2024 to $4.56 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to increasing diagnostic imaging demand, rise in chronic diseases, expanding applications in obstetrics and gynecology, growing geriatric population, global healthcare infrastructure development.
The ultrasound transducer market size is expected to see steady growth in the next few years. It will grow to $5.32 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to proliferation of telemedicine services, focus on point-of-care diagnostics, increased accessibility in developing regions, expanding applications in interventional procedures, customization for specific medical specialties. Major trends in the forecast period include miniaturization of transducer technology, expansion of point-of-care ultrasound (pocus), development of high-frequency transducers, integration of artificial intelligence (ai), advancements in transducer materials, wireless and cable-free transducer connectivity.
The rising incidence of cardiovascular and respiratory disorders is expected to drive the growth of the ultrasound transducer market in the coming years. Cardiovascular and respiratory disorders encompass a range of medical conditions that affect the heart, blood vessels, lungs, and airways. Ultrasound transducers are widely used in the diagnosis and management of these disorders, playing a vital role in imaging and evaluating the structures and functions of the heart, blood vessels, lungs, and related organs. For example, in September 2024, data from the British Heart Foundation, a UK-based cardiovascular research charity, revealed that approximately 7.6 million people in the UK are affected by heart and circulatory diseases, with around 4 million men and 3.6 million women living with these conditions. These diseases account for about 27% of all deaths in the UK, resulting in over 170,000 deaths annually-roughly 480 deaths each day, or one death every three minutes. Furthermore, in March 2024, the Centers for Disease Control and Prevention (CDC), a US-based government agency, reported an increase in tuberculosis cases, rising from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. Therefore, the growing prevalence of cardiovascular and respiratory disorders is fueling the growth of the ultrasound transducer market.
The expected increase in the number of ultrasound diagnostic imaging procedures is set to propel the growth of the ultrasound transducer market. Ultrasound diagnostic imaging procedures utilize high-frequency sound waves to create real-time, non-invasive images of internal body structures. The ultrasound transducer is a critical component in these procedures, generating and capturing ultrasound waves. According to The National Health Service in England, diagnostic ultrasonography recorded 10.3 million imaging activities in 2021/22, indicating a 1.8% increase. Consequently, the rising number of ultrasound diagnostic imaging procedures is contributing to the growth of the ultrasound transducer market.
Leading companies in the ultrasound transducer market are actively developing innovative technological products to meet the demands of clinicians in challenging environments, such as critical care and emergency medicine. The TEX20 Series, for example, is a point-of-care ultrasound system designed to assist clinicians in delivering improved patient care in demanding situations. In June 2022, Mindray Global, a China-based medical device company, launched the TEX20 Series, incorporating several innovative technologies to enhance image quality, clinical confidence, and workflow efficiency. The TEX20 series is equipped with ZST, AI-powered Smart Tools, an information integration system, an ergonomic design, a wireless transducer, advanced imaging modes, high-frequency imaging, and a portable design.
In March 2022, Observe Medical ASA, a medtech company based in Norway, acquired Biim Ultrasound AS for an undisclosed sum. This acquisition allows Observe Medical to strengthen its product portfolio and expand its distribution network in the US, facilitating the global commercialization of its innovative medical technologies. Biim Ultrasound AS is a medical technology company based in Norway that specializes in the production of ultrasound transducers.
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.
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.
The countries covered in the ultrasound transducer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ultrasound transducer market consists of sales of transrectal transducers, pediatric transducers, intracavitary transducers, needle-guided transducers, portable transducers, and handheld transducers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ultrasound Transducer Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ultrasound transducer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ultrasound transducer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ultrasound transducer market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.