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Emerging Trends to Reshape the Ultrasound Transducer Market: Innovative Technological Advancements In The Ultrasound Transducer Market as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Ultrasound Transducer Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the ultrasound transducer has been on a consistent increase in the past years. The market is anticipated to expand from a value of $4.39 billion in 2024 to $4.51 billion in 2025, growing at a compound annual growth rate (CAGR) of 2.7%. This growth during the historical period is due to factors such as escalating demand for diagnostic imaging, increase in chronic illnesses, widened use in the fields of obstetrics and gynecology, burgeoning elderly population, and the development of healthcare infrastructure globally.
Ultrasound Transducer Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience consistent expansion in the coming years, the ultrasound transducer market is projected to increase to a valuation of $5.28 billion by 2029, boasting a compound annual growth rate (CAGR) of 4.0%. The predicted growth over the forecast period is largely due to factors such as the widespread adoption of telemedicine, emphasis on point-of-care diagnostics, improved access in emerging regions, the growing use of ultrasound in interventional procedures, and the adaptation for specific medical practices. Some of the main trends anticipated during the forecast period include the miniaturization of transducer technology, the rise of point-of-care ultrasound (pocus), the creation of high-frequency transducers, the incorporation of artificial intelligence (ai), youthfulness in transducer supplies, and the emergence of wireless and cable-free transducer interconnection.
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What Are the Drivers Transforming the Ultrasound Transducer Market?
The ultrasound transducer market is anticipated to expand due to the rising incidence of cardiovascular and respiratory illnesses. These disorders, which affect the heart, blood vessels, lungs, and airways, are typically diagnosed and managed using ultrasound transducers. These tools are essential in imaging and evaluating the function and structure of the associated organs. The British Heart Foundation, a UK-based cardiovascular research charity, reported in September 2024 that about 7.6 million people in the UK are grappling with heart and circulatory diseases. Of these, approximately 4 million are men, and 3.6 million are women. These diseases account for around 27% of all UK deaths, equating to more than 170,000 deaths a year, or nearly 480 deaths a day, which means one death every three minutes. Further, the Centers for Disease Control and Prevention, a US government agency, reported that tuberculosis cases in the US surged from 8,320 in 2022 to 9,615 in 2023, indicating an increase of 1,295 cases. Consequently, the upsurge in cardiovascular and respiratory maladies is spurring the growth of the ultrasound transducer market.
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What Are the Key Trends Driving Ultrasound Transducer Market Growth?
Leading corporations in the ultrasound transducer market are introducing cutting-edge products, like the TEX20 Series, to cater to the requirements of healthcare professionals in high-stress settings such as intensive care and emergency medicine. The TEX20 Series is a bedside ultrasound system created to enhance patient care under tough conditions. For instance, in June 2022, Mindray Global, a medical device firm from China, rolled out the TEX20 Series, a bedside ultrasound system. It boasts multiple pioneering technologies that yield excellent image clarity, clinical assurance, and streamlined workflow. The Mindray TEX20 series bedside ultrasound system is an advanced technological solution that merges several unique features to elevate clinical performance and patient-focused care. The TEX20 series encapsulates vital technologies like ZST, AI-supported Smart Tools, a data integration system, an ergonomic design, a cordless transducer, advanced imaging modes, high-frequency imaging, and a portable design.
Which Segments in the Ultrasound Transducer Market Offer the Most Profit Potential?
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 Firms Dominate the Ultrasound Transducer Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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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Table of Contents:
1 Study Coverage
1.1 Ultra…