The North America ultrasound transducer market is expected to reach US$ 2,093.15 Mn in 2027 from US$ 1,570.93 Mn in 2019. The market is estimated to grow with a CAGR of 4.0% from 2020-2027.
The growth of the market is driven by the factors such as, growing prevalence of chronic diseases and increase in funds for ultrasound research are expected to augment the growth of the market. However, shortage of medical staff in North America is likely to have negative impact on the growth of the North America Ultrasound Transducer Market in the coming years.
Ultrasound imaging is used in anesthesiology, cardiology, angiology (vascular), gastroenterology/colorectal surgery, hemodynamics, gynecology/obstetrics, otolaryngology, and emergency medicine, among others. It has been widely used for both diagnostic as well as therapeutic procedures. Therefore, there has been increase in ultrasound imaging research activities. Additionally, there are government funds as well as private funds for ultrasound imaging research.
The Society for Academic Emergency Medicine (SAEM) focuses on improving emergency patient care and thus supports the research activities by innovative researchers and experts in emergency medicine. The SAEMF/Academy of Emergency Ultrasound (AEUS) Research Grant will provide up to US $10,000 for an applicant conducting research on point-of-care ultrasound on clinical practice or characterize point-of-care ultrasound learning curves.
Similarly, the Focused Ultrasound Foundation conducts and funds research activities in order to advance new applications of focused ultrasound that will fulfill an unmet clinical need, are cost-effective, and can become a standard of care. In May 2020, the foundation funded “Focused Ultrasound Treatment of Cerebral Cavernous Malformations Project”.
Thus growing funds for Ultrasound research is likely to drive the market growth in the North American region.
Furthermore, North America is witnessing the growing number of COVID-19 cases, for instance, in the United States the number of cases has been increased to 1,895,507 with 108,79 deaths reported. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments is distressing. However, In the situation of covid-19 many companies such as Siemens Healthineers, General Electric Company are taking initiative in the United States, used ultrasound in the treatment of covid19. For instance, Siemens Healthineers, is providing lung ultrasound which is strongly recommended for acute respiratory failure and can be a useful alternative during the COVID-19 outbreak if CT is not readily available. presented with flu-like symptoms and COVID-19 pneumonia. Therefore, it is likely to affect ultrasound transducers market owing to above mention points.
Mexico Ultrasound Transducer Market Revenue and Forecast to 2027 (US$ Mn)
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North America Ultrasound Transducer – Market Segmentation
- Linear
- Convex
- Phased Array
- Endocavitary
- CW Doppler
- TEE Probes
- Type
- 2D TEE Probes
- 3D TEE Probes
- 4D TEE Probes
- Age group
- Pediatric
- Adult
- Type
- Others
By Application
- Cardiovascular
- General Imaging
- Musculoskeletal
- OB and GYN
- Vascular
- Other
By End User
- Hospital
- Clinics
- Diagnostic Centers
- Ambulatory Surgery Centers (ASCs)
By Country
- US
- Canada
- Mexico
Company Profiles
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- General Electric Company
- Samsung (Samsung Medison Co Ltd)
- Hitachi, Ltd. (Hitachi Medical Systems Europe Holding AG)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- General Electric Company
- Samsung (Samsung Medison Co Ltd)
- Hitachi, Ltd. (Hitachi Medical Systems Europe Holding AG)
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Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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