Ultrasound Transducer Market is expected to reach US$ 5,020.76 Mn by 2027

Market for Linear Ultrasound Transducers to Grow at High CAGR during 2020–2027

According to our latest study on "Ultrasound Transducer Market to 2027 – Covid-19 Impact, Global Analysis and Forecast – by Product, Application, and End User," the market is expected to reach US$ 5,020.76 million by 2027 from US$ 3,816.25 million in 2019; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The report provides trends prevailing in the global ultrasound transducer market, and the drivers and hindrances pertaining to the market growth.

Based on product, the global ultrasound transducer market is segmented into linear, convex, phased array, endocavitary, CW doppler, TEE probes, and others. The linear segment is estimated to register the highest CAGR in the market during the forecast period. Linear transducers generally have high frequency ranges and are used for imaging the superficial structures and vessels. These transducers have many applications in medical diagnostics, including vascular part imaging, venipuncture, blood vessel visualization, photoacoustic imaging, ultrasonic velocity change imaging, and breast and thyroid imaging. The linear transducers have a wide footprint in 3D imaging. Thus, the wide application of linear ultrasonic transducers is likely to boost the market for this type.  

Increasing diagnostic applications of ultrasound and rising prevalence of chronic diseases are the key factors driving the growth of the ultrasound transducer market. Moreover, technological developments by the market players are likely to have positive impact on the market in the coming years. However, the scarce availability of skilled professionals restricts the market growth.

General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Samsung, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Fujifilm Corporation, Hitachi, Ltd., ESAOTE SPA, SIUI, and Shenzhen Ruqi Technology Co., Ltd., are among the leading companies operating in the ultrasound transducer market.  

Global Ultrasound Transducer Market, By Region, 2019 (%)

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Ultrasound Transducer Market to Grow at a CAGR of 3.6% to reach US$ 5,020.76 Million from 2020 to 2027

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Ultrasound Transducer Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product (Linear, Convex, Phased Array, Endocavitary, CW Doppler, TEE Probes, Others); Application (Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular, Other); End User (Hospital, Clinics, Diagnostic Centers, Ambulatory Surgery Centers (ASCs)); and Geography

The Report Segments the Global Ultrasound Transducer Market as Follows:

By Product

• Linear
• Convex
• Phased Array
• Endocavitary
• CW Doppler
• TEE Probes
  • Type
    • 2D TEE Probes
    • 3D TEE Probes
    • 4D TEE Probes
  • Age group
    • Pediatric
    • Adult
• Others

By Application

• Cardiovascular
• General Imaging
• Musculoskeletal
• OB and GYN
• Vascular
• Other

By End User

• Hospital
• Clinics
• Diagnostic Centers
• Ambulatory Surgery Centers (ASCs)

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
• South and Central America (SCAM)
  • Brazil
  • Argentina