Reports
Global Ultrasound Transducer Market Size, Trends, Report, Forecast: By Product: Convex, Linear, Endocavitary, Phased array, CW Doppler, Others; By Application: Musculoskeletal, Cardiovascular, OB/GYN, General Imaging, Others; By End User: Hospitals, Diagnostic Centers, Others; Regional Analysis; Supplier Landscape; 2023-2031
Global Ultrasound Transducer Market Outlook
The global ultrasound transducer market stood at a value of USD 3.8 billion in 2020 and is projected to grow at a CAGR of 3.5% over the forecast period of 2023-2028.
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Ultrasound transducers are used in diagnostic, surgical treatments, and non-invasive processes, including lithotripsy. Primary diagnostic purposes of these instruments include maternity, cardiovascular, abdominal, cerebrovascular, gynaecological, and urological examinations, as well as breast, tiny tissue parts, paediatric, and operational examinations.
Market Segmentation
The ultrasound transducer market can be divided on the basis of segments like type, end-use, and technology.
The industry can be divided on the basis of its type as ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor. The industry can be broadly divided based on its end-use segments into:
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- Automotive
- Food and Beverage
- Medical and Healthcare
- Aerospace and Defence
- Industrial
The industry can be classified on the basis of its technology as ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology.
The EMR report looks into the regional ultrasound transducer markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The ultrasound transducer market owes its growth to factors like the increasing prevalence of cardiovascular, respiratory, and abdominal disorders, growing mergers and acquisitions, and the growing number of product launches. The growing use of ultrasound machines in medical imaging of different circumstances and the introduction of developed transducers are some of the critical drivers of the industry. The high cost of the ultrasound product is the only constraint of ultrasound transducer market.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global ultrasound transducer market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Siemens AG (OTCMKTS: SIEGY)
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Murata Manufacturing Co. Ltd
- Omron Corporation
- Sick AG
- Banner Engineering Corp.
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
|
| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Ultrasound Transducer Market Overview
3.1 Ultrasound Transducer Market Historical Value (2016-2022)
3.2 Ultrasound Transducer Market Forecast Value (2023-2031)
4 Ultrasound Transducer Market Landscape
4.1 Ultrasound Transducer: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Ultrasound Transducer: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
5 Ultrasound Transducer Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Ultrasound Transducer Market Segmentation
6.1 Ultrasound Transducer Market by Product
6.1.1 Market Overview
6.1.2 Convex
6.1.3 Linear
6.1.4 Endocavitary
6.1.5 Phased array
6.1.6 CW Doppler
6.1.7 Others
6.2 Ultrasound Transducer Market by Application
6.2.1 Market Overview
6.2.2 Musculoskeletal
6.2.3 Cardiovascular
6.2.4 OB/GYN
6.2.5 General Imaging
6.2.6 Others
6.3 Ultrasound Transducer Market by End User
6.3.1 Hospitals
6.3.2 Diagnostic Centers
6.3.3 Ambulatory Surgical Centers
6.3.4 Others
6.4 Ultrasound Transducer Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Ultrasound Transducer Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Ultrasound Transducer Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Ultrasound Transducer Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Ultrasound Transducer Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Ultrasound Transducer Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 Koninklijke Philips N.V.
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Siemens Healthineers
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 GE Healthcare
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Hitachi Medical Systems
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 FUJIFILM Sonosite Inc.
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Shenzhen Mindray Bio-Medical Electronics Co.
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Canon Medical Systems Corporation
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 ESAOTE SPA
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 Samsung Medison Co., Ltd.
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
19 Ultrasound Transducer - Distribution Model (Additional Insight)
19.1 Overview
19.2 Potential Distributors
19.3 Key Parameters for Distribution Partner Assessment
20 Key Opinion Leaders (KOL) Insights (Additional Insight)
21 Company Competitiveness Analysis (Additional Insight)
21.1 Very Small Companies
21.2 Small Companies
21.3 Mid-Sized Companies
21.4 Large Companies
21.5 Very Large Companies
22 Payment Methods (Additional Insight)
22.1 Government Funded
22.2 Private Insurance
22.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2020, the global ultrasound transducer market attained a value of nearly USD 3.8 billion.
The market is projected to grow at a CAGR of 3.5% between 2023 and 2028.
The industry is primarily being driven by the growing prevalence of cardiovascular, pulmonary, and abdominal problems, increased mergers and acquisitions, a growing number of product launches, and increasing use of ultrasound machines owing to its high efficiency and safety.
The key trends augmenting the market growth are the expanding usage of ultrasound machines in medical imaging of various cases and the introduction of advanced transducers.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology are the different types of technologies in the industry.
The different types include ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor.
The various end-uses of the industry are automotive, food and beverage, medical and healthcare, aerospace and defence, and industrial.
The major players in the industry are Siemens AG, Honeywell International Inc., Rockwell Automation, Inc., Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, and Banner Engineering Corp.
Analyst Review
The global ultrasound transducer market attained a value of USD 3.8 billion in 2020, driven by the growing frequency of cardiovascular, pulmonary, and abdominal problems. Aided by the expanding usage of ultrasound machines in medical imaging of various cases and the introduction of advanced transducers, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the global ultrasound transducer industry can be segmented into ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology. By types of sensors, the market can be divided into ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor. On the basis of end-use, automotive, food and beverage, medical and healthcare, aerospace and defence, and industrial are the various segments. The major regional markets for the global ultrasound transducer industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The key players in the above market include Siemens AG, Honeywell International Inc., Rockwell Automation, Inc., Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, and Banner Engineering Corp.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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