Ultrasound Transducers Market by Product (Convex, Linear, Endocavitary, Phased Array, CW Doppler), Application (Diagnostic [Cardiovascular, OB/GYN, Musculoskeletal), Therapeutic), End User (Hospitals, Diagnostic Centers, ASC) - Global Forecast to 2030

The Ultrasound Transducers Market is projected to reach $5.5 billion by 2030, at a CAGR of 5.4% from 2024 to 2030. The ultrasound transducers market comprises advanced products and technologies used by medical professionals for patient management, from diagnosis to treatment, primarily focusing on areas such as infectious disease and cancer.

The growth of this market is driven by factors such as the rising prevalence of cardiovascular and abdominal disorders, technological developments in ultrasound, growing incidences of orthopedic injuries and musculoskeletal disorders, the rising geriatric population, and the increasing number of hospitals. However, the high cost of ultrasound products and the lack of skilled professionals hamper the growth of this market to a notable extent.

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Increasing Geriatric Population Coupled With Chronic Illnesses Drives the Demand for Ultrasound Procedures

According to the World Population Ageing 2020 report released by the Department of Economic and Social Affairs, United Nations, globally, there were 727 million people aged 65 or above in 2020. It is estimated that by 2050 this number will reach 1.5 billion.

The aging population and changes in social behavior are major factors driving a steady increase in the number of people suffering from chronic diseases, increasing the demand for ultrasound as a standard part of the assessment procedure for the elderly population. The ultrasound modality can be used for assessing various disorders in the elderly population, such as pericardial effusions, pulmonary symptoms or infection, pleural sealing, aortic aneurysms, urinary tract obstructions and gallstones, as well as the investigation of the vessels of the neck and lower limbs, and infectious pathologies of the digestive tract among others.

Moreover, gallbladder ultrasound is a recommended method for diagnosing Acute Acalculous Cholecystitis (AAC) in critically ill elderly patients. Additionally, knee pain is highly prevalent in the older population and is commonly associated with knee osteoarthritis (OA), which can be diagnosed using ultrasound. The Power Doppler (PD) ultrasound modes provide a unique opportunity to detect indirect signs of increased vascularization observed in elders' joint inflammatory activity. Also, lung ultrasound (LUS) showed a promising role in diagnosing and monitoring COVID-19 in senior patients. The elderly also suffer from malnutrition, leading to increased frailty risk, reduced quality of life and increased mortality. Malnutrition involves a reduction of muscle mass that can impact muscle strength. In this situation, muscle thickness, measured by ultrasonography, has been investigated for nutritional assessment in older adults.

Also, the emergence of the point of care (PoC) ultrasound systems provides practical advantages to performing examinations. PoC devices restrict the movement of a patient from one room to another examination room. Also, the time taken by the PoC device is less than the conventional modalities. Hence, bedside examination is beneficial for older people who cannot move.

Key Findings of the Ultrasound Transducers Market Study

In 2024, the Convex Segment is Expected to Dominate the Ultrasound Transducers Market

Based on product, in 2024, the convex segment is expected to account for the largest share of the ultrasound transducers market. Convex transducers help in in-depth investigations due to their curved arrangement of a piezoelectric crystal, used for diagnosing abdominal, transvaginal, and transrectal conditions. The high prevalence of abdominal and transvaginal conditions has fueled the demand for convex transducers, contributing to the largest share of the segment.

In 2024, the Diagnostics Segment is Expected to Dominate the Ultrasound Transducers Market

Based on application, in 2024, the diagnostics segment is expected to account for the largest share of the ultrasound transducers market. An increase in awareness of the early diagnosis of diseases, technological developments in diagnostic imaging devices, and wide scope for the use of diagnostic applications of ultrasound devices contribute to the largest share of the segment.

In 2024, the Hospitals & Clinics Segment is Expected to Dominate Ultrasound Transducers Market

Based on end user, in 2024, the hospitals & clinics segment is expected to account for the largest share of the ultrasound transducers market. Factors attributing to this segment's share include increased hospitalizations due to various diseases and the high burden of the geriatric population requiring ultrasound for diagnostic and therapeutic purposes.

Asia-Pacific: Fastest-growing Regional Market

Based on geography, Asia-Pacific is slated to record the highest growth rate during the forecast period. The growth of this regional market is mainly driven by the growing geriatric population, rising healthcare expenditure, and the presence of supportive initiatives for improving vision care.

Key Players

The key players profiled in the ultrasound transducers market study are GE Healthcare (U.S.), Seimens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), FUJIFILM Sonosite, Inc. (U.S.), Canon Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Samsung Medison Co., Ltd. (South Korea), Esaote SpA (Italy), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Carestream Health, Inc (U.S.), and ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea).

Scope of the Report:

Ultrasound Transducers Market, by Product

• Convex
• Linear
• Endocavitary
• Phased array
• CW Doppler
• Other Products

Ultrasound Transducers Market, by Application

• Diagnostic Applications
  • Cardiovascular
  • General Imaging
  • Orthopedic & Musculoskeletal
  • Obstetrics and Gynaecology (OB-GYN)
  • Other Applications
• Therapeutic Applications

Ultrasound Transducers Market, by End User

• Hospitals & Clinics
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers
• Other End Users

Ultrasound Transducers Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • RoLATAM
• Middle East & Africa

Key questions answered in the report: