Market Overview:
Ultrasound transducer products are used to produce images of the inside of the body. These devices are used in a number of different applications, including ambulatory surgery centers, clinics, hospitals and others. The global ultrasound transducer products market is expected to grow at a CAGR of 5.5% from 2018 to 2030. Some factors that will contribute to this growth include the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases.
Product Definition:
Ultrasound transducers are medical devices that use sound waves to create images of the inside of the body. They are used to diagnose and treat a wide range of medical conditions.
Linear:
The linear is the part of a transducer that moves in only one dimension. It's used to convert the circular motion into linear motion and vice versa. The ultrasound transducers have two or more sets of these Linear moveable parts, which are known as pistons. These pistons move back and forth inside a sealed chamber creating an ultrasound beam (echogenic).
Convex:
Convex is a type of lens that focuses sound waves in a particular direction. It helps in increasing the sensitivity of transducers by decreasing the noise and unwanted vibrations created by them. The product also reduces power consumption, weight, size & cost which are important factors for manufacturers to compete with other companies offering similar products at a cheaper price.
The ultrasound transducer uses convex lenses to focus sound waves on different parts of the tissue or organ being examined.
Application Insights:
Based on application, the market is segmented into ambulatory surgery centers, clinics, hospitals and others. The clinics segment dominated the market in 2017 owing to increasing demand for minimally invasive procedures. Minimally invasive surgeries involve use of ultrasound devices for diagnosis and treatment of diseases at a cellular level by breaking down tissue barriers. Ultrasound helps in visualizing internal organs with greater clarity which boosts its usage in clinics as compared to other applications.
The hospital application segment is expected to witness growth at a CAGR of XX% from 2018 to 2030 due largely to rising prevalence of chronic diseases such as cancer that require regular checkups and diagnostic procedures involving use of high-frequency sound waves.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, increasing prevalence of chronic diseases, and rising adoption of advanced technologies are some major factors responsible for its dominance. Moreover, the availability of skilled professionals and improvement in healthcare infrastructure is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and growing awareness about ultrasound devices among physicians & surgeons as well as patients. In addition, an increase in medical tourism due to affordable treatment rates is also expected to boost demand for ultrasound devices in this region over next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Ultrasound transducers are an important part of minimally invasive surgeries and are used in a wide range of applications such as image-guided surgery, ablation therapy, and lithotripsy.
- Growing demand for ultrasound devices in diagnostics: The global market for ultrasound devices is expected to grow at a CAGR of 7% from 2016 to 2021. This growth can be attributed to the increasing use of ultrasound devices in diagnostics across all major application segments such as cardiology, obstetrics & gynecology (OB/GYN), general imaging, and musculoskeletal imaging. Ultrasound transducers are an essential component of most ultrasound devices and play a key role in providing high-quality images during diagnostic procedures.
- Technological advancements: The development of new technologies that improve the performance or reduce the cost of ultrasound transducers is likely to drive growth in this market over the next few years. For example, recent advancements in piezoelectric materials have led to the development of low-cost ultrasonic transducers that can be used for medical applications such as fetal heart
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasound Transducer Products Market Research Report
By Type
Linear, Convex, Phased Array, Endocavitary, CW Doppler, Others
By Application
Ambulatory Surgery Centers, Clinics, Hospital, Others
By Companies
Canon Medical Systems Corp, Esaote, FUJIFILM SonoSite, GE Healthcare, Philips Healthcare, Samsung Medison, Siemens Healthineers, Mindray
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasound Transducer Products Market Report Segments:
The global Ultrasound Transducer Products market is segmented on the basis of:
Types
Linear, Convex, Phased Array, Endocavitary, CW Doppler, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ambulatory Surgery Centers, Clinics, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canon Medical Systems Corp
- Esaote
- FUJIFILM SonoSite
- GE Healthcare
- Philips Healthcare
- Samsung Medison
- Siemens Healthineers
- Mindray
Highlights of The Ultrasound Transducer Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear
- Convex
- Phased Array
- Endocavitary
- CW Doppler
- Others
- By Application:
- Ambulatory Surgery Centers
- Clinics
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ultrasound Transducer Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ultrasound transducers are devices that convert sound waves into an image of the body. Ultrasound is a type of medical imaging that uses high-frequency sound waves to create pictures of organs and tissues. Ultrasound transducers are used in many different medical procedures, including prenatal care, childbirth, and cancer screening.
Some of the key players operating in the ultrasound transducer products market are Canon Medical Systems Corp, Esaote, FUJIFILM SonoSite, GE Healthcare, Philips Healthcare, Samsung Medison, Siemens Healthineers, Mindray.
The ultrasound transducer products market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultrasound Transducer Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ultrasound Transducer Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultrasound Transducer Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ultrasound Transducer Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ultrasound Transducer Products Market Size & Forecast, 2020-2028
4.5.1 Ultrasound Transducer Products Market Size and Y-o-Y Growth
4.5.2 Ultrasound Transducer Products Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Linear
5.2.2 Convex
5.2.3 Phased Array
5.2.4 Endocavitary
5.2.5 CW Doppler
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ambulatory Surgery Centers
6.2.2 Clinics
6.2.3 Hospital
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultrasound Transducer Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ultrasound Transducer Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Linear
9.6.2 Convex
9.6.3 Phased Array
9.6.4 Endocavitary
9.6.5 CW Doppler
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ambulatory Surgery Centers
9.10.2 Clinics
9.10.3 Hospital
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Linear
10.6.2 Convex
10.6.3 Phased Array
10.6.4 Endocavitary
10.6.5 CW Doppler
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ambulatory Surgery Centers
10.10.2 Clinics
10.10.3 Hospital
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Linear
11.6.2 Convex
11.6.3 Phased Array
11.6.4 Endocavitary
11.6.5 CW Doppler
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ambulatory Surgery Centers
11.10.2 Clinics
11.10.3 Hospital
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Linear
12.6.2 Convex
12.6.3 Phased Array
12.6.4 Endocavitary
12.6.5 CW Doppler
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ambulatory Surgery Centers
12.10.2 Clinics
12.10.3 Hospital
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Linear
13.6.2 Convex
13.6.3 Phased Array
13.6.4 Endocavitary
13.6.5 CW Doppler
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ambulatory Surgery Centers
13.10.2 Clinics
13.10.3 Hospital
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ultrasound Transducer Products Market: Competitive Dashboard
14.2 Global Ultrasound Transducer Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canon Medical Systems Corp
14.3.2 Esaote
14.3.3 FUJIFILM SonoSite
14.3.4 GE Healthcare
14.3.5 Philips Healthcare
14.3.6 Samsung Medison
14.3.7 Siemens Healthineers
14.3.8 Mindray
