3.6% Global CAGR for Ultrasound Transducer Market to achieve US$ 5,020.76 million by 2027

Koninklijke Philips N.V, General Electric Company.-Notable Market Players in Ultrasound transducer Market

Ultrasound transducer is the hand held part of the ultrasound system which produces and detects the ultrasound waves. The transducer converts electrical energy into sound waves which bounce off the body tissues and produces echoes. These echoes are received by the transducer and are sent to the computer which creates an image (sonogram). Transducers are available in different sizes, shapes, and possess diverse features.

Market leaders operating in the market have undertaken various organic growth strategies in the ultrasound transducer market. The ultrasound transducer marketmajorly consists of the players such as GE Healthcare, Koninklijke Philips N.V., Siemens, Fujifilm Sonosite (Fujifilm), Samsung Medison (Samsung Corporation), Hitachi, Mindray,Esaote, SIUI, and Shenzhen Ruqi Technology, among others. Several organic as well as inorganic approaches, such as product launches, and expansion, mergers & acquisition, collaborations in the ultrasound transducer market, have resulted in the positive growth of the market. Product launches help the company to strengthen its product offering and the customer base, which allows the company to hold a strong position in the market.

Below is the list of the growth strategies done by the players operating in the ultrasound transducermarket:

Month & Year News
July-17 Koninklijke Philips N.V., has signed an agreement to acquire TomTec Imaging Systems .This agreement is likely tostrengthen its ultrasound business of the Philips.
Sep-17 Pentaxand Hitachi Medical Systems Europe performed collaboration to launchendoscopic ultrasound (EUS) with Crystal Technology incorporated into the Ultrasound transducer of the EB19-J10U.
Mar-18 Siemens Healthineers launched Acuson Juniper next-generation ultrasound system a new ultrasound system with advanced applications and imaging,Acuson Juniper is equipped with 16 transducers and is customizable with advanced imaging applications for use in radiology and interventional radiology.
Oct-18 Samsung Medison,has launched its new generation of premium ultrasound system HERA W10 and prototype of a chair-type ultrasound system.Samsung’s new platform combines Crystal Architecture™ with an advanced transducer technology called S-Vue.
Feb-19 Royal Philips has launched a new ultrasound system, dubbed EPIQ Elite, that combines the latest advances in transducer innovation and enhanced performance, to improve clinical confidence and the patient experience. With this launch the company is likely to expand its product portfolio.



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