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Key Influencer in the Ultrasound Transducer Market 2025: Impact Of Rising Cardiovascular And Respiratory Disorders On The Ultrasound Transducer Market Driver
Ultrasound Transducer Market Size
In recent times, there has been a consistent rise in the market size of the ultrasound transducer. The market is projected to expand from $4.39 billion in 2024 to $4.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.7%. Factors such as the escalating demand for diagnostic imaging, surge in chronic illnesses, widespread use in obstetrics and gynecology, an increasing aging population, and the development of healthcare infrastructure worldwide have contributed to the growth in the historic period.
In the upcoming years, a consistent increase is anticipated in the ultrasound transducer market, with an estimated worth of $5.32 billion in 2029 and a compound annual growth rate (CAGR) of 3.9%. Several factors such as the development of telemedicine services, emphasis on point-of-care diagnostics, better access in developing areas, increasing use in interventional practices, and customization for unique medical fields will drive this growth in the forecast period. Market trends expected during this period include technology miniaturization, extension of point-of-care ultrasound (POCUS), production of high-frequency transducers, incorporation of artificial intelligence (AI), progress in transducer substances, and the introduction of wireless and cordless transducer connectivity.
What Factors Are Propelling the Expansion of the Ultrasound Transducer Market?
The rising frequency of cardiovascular and respiratory conditions is projected to drive the ultrasound transducer market's expansion in the future. Cardiovascular and respiratory ailments encompass a range of health concerns that impact the cardiovascular (heart and blood vessels) and respiratory (lungs and airways) systems. Ultrasound transducers are widely employed for diagnosing and controlling these disorders. These gadgets provide critical imagery and assessment of the heart, blood vessels, lungs, and other related organs' structures and functionality. For instance, as reported by the British Heart Foundation in September 2024, around 7.6 million people in the UK, including 4 million men and 3.6 million women, suffer from heart and circulatory diseases. These diseases account for about 27% of all UK deaths, resulting in approximately 170,000 fatalities per year, or an average of 480 deaths per day. Furthermore, according to the Centers for Disease Control and Prevention in March 2024, tuberculosis cases grew from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. Thus, the growing prevalence of cardiovascular and respiratory diseases is fueling the ultrasound transducer market's growth. Market Driver for Ultrasound Transducer : Growth in Ultrasound Transducer Market due to Increasing Ultrasound Diagnostic Procedures
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Which Businesses Are at the Forefront of Ultrasound Transducer Market Development?
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 Are the Latest Innovations in the Ultrasound Transducer Market?
Leading firms in the ultrasound transducer market are initiating innovative technological advancements such as the TEX20 Series to satisfy the requirements of healthcare professionals in challenging settings like critical care and emergency medicine. TEX20 Series, a point-of-care ultrasound system, empowers clinicians to enhance patient care in rigorous surroundings. For example, in June 2022, Mindray Global, a medical device company based in China, introduced the TEX20 Series, a point-of-care ultrasound system equipped with several cutting-edge technologies. These technologies ensure outstanding image quality, clinical assurance, and workflow productivity. The Mindray TEX20 series is a technologically advanced solution, integrating numerous features to elevate clinical efficiency and patient-centric care. The TEX20 series includes significant technologies such as ZST, AI-enabled Smart Tools, a system for information integration, ergonomic design, a cordless transducer, advanced imaging modes, high-frequency imaging, and a compact design.
How Is the Ultrasound Transducer Market Segmented?
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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Where Is the Ultrasound Transducer Market Growth Most Prominent?
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.
What Is Covered In The Ultrasound Transducer Global Market Report?
- Market Size Analysis: Analyze the Ultrasound Transducer Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ultrasound Transducer Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ultrasound Transducer Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ultrasound Transducer Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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