Ultrasound Transducer Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, UK, Germany, China - Size and Forecast 2024-2028

Ultrasound Transducer Market Size 2024-2028 

The ultrasound transducer market size is estimated to grow by USD 838.3 million at a CAGR of 4.5% between 2023 and 2028. Chronic diseases and an aging population are two significant trends driving growth in the global medical devices market. With the rising prevalence of chronic conditions such as diabetes, cancer, and cardiovascular diseases, there is a heightened demand for medical devices that can provide minimally invasive therapies. These devices offer numerous benefits, including reduced recovery time, lower risk of complications, and improved patient outcomes. Furthermore, as the global population ages, the need for medical devices that can support the unique healthcare needs of older adults is becoming increasingly important. This trend is expected to continue, as the geriatric population is projected to grow significantly in the coming years. Consequently, the medical devices market is poised for robust growth, with a focus on innovative solutions that address the specific needs of patients with chronic conditions and older adults.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market is a significant segment of the medical imaging industry, driven by the increasing demand for non-invasive diagnostic tools for various disorders. Ultrasound transducers are an essential component of ultrasound machines, converting electrical energy into mechanical energy that generates sound waves. These waves then interact with tissue, creating echoes that form images based on density and tissue structure. Transducers are used in various applications, including transthoracic echocardiography, thoracentesis, vascular access, lung ultrasound examination, and minimally invasive therapies. Ultrasound transducers find extensive use in monitoring cardiovascular and respiratory disorders, such as pancreas diseases, inflammatory bowel disease, gastrointestinal disorders, and abdominal disorders. Coupling gels are used to ensure proper contact between the transducer and the patient's skin, enhancing the quality of the ultrasound image. Ultrasound probe frequencies, harmonics, and fundamental frequency, among other factors, influence image quality. Artifacts, such as speckle and reverberation, can impact image interpretation. Endoscopic ultrasound, using echo-endoscopes, provides high-resolution images of the gut wall and pancreas, aiding in the diagnosis and treatment of various conditions. Ultrasound transducers are continually evolving, with advancements in technology leading to improved image quality and increased diagnostic capabilities. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising prevalence of chronic diseases is notably driving market growth. Chronic diseases and conditions, including prostate gland diseases, uterine cavity abnormalities, and various cancers, pose a significant health challenge worldwide. The aging population and altered lifestyle choices, such as sedentary living and unhealthy diagnostics, have led to a surge in the prevalence of these conditions. According to the World Health Organization (WHO), chronic diseases accounted for 71% of all global deaths in 2019, with 41 million people losing their lives to these conditions. Among those aged 30-69 years, more than 15 million deaths occur annually due to chronic diseases, with 85% of these premature deaths occurring in low- and middle-income countries. In the realm of medical diagnostics, ultrasound transducers play a crucial role in imaging various tissue structures, including the duodenum, uterus, prostate gland, and other organs. Ultrasound technology uses high-frequency sound waves to produce images, providing valuable information about tissue contrast, impedance, axial resolution, lateral resolution, and depth of field. Transabdominal and transvaginal transducers are used for pelvic imaging, allowing for the detection of conditions such as fibroids, cancer, and calcified structures.

Moreover, the ultrasound images are displayed in gray scale, enabling the differentiation of various tissue types, including muscle tissue, fat, dermoid cysts, calcified fibroids, and fluid-containing structures. Calcified structures, such as calcified fibroids and calcified structures in the prostate gland, can create shadows and echo levels, affecting the image quality. The reflective bending of sound waves at tissue interfaces also influences image resolution and attenuation, affecting the beam penetration and tissue depth. Ultrasound technology is an essential diagnostic tool in the detection and management of various chronic conditions, including prostate cancer, uterine cavity abnormalities, and fibroids. Its non-invasive nature, cost-effectiveness, and real-time imaging capabilities make it an indispensable tool in modern healthcare. However, the limitations of ultrasound, such as operator dependence, image quality, and the inability to penetrate certain structures, necessitate the use of complementary imaging modalities, such as CT and MRI, for a more comprehensive diagnosis. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

The growing focus on pocket-sized ultrasound device development is the key trend in the market. The market is witnessing significant growth due to the increasing adoption of portable and mobile ultrasound systems. These pocket-sized devices offer several advantages, including ease of use, convenience, and reduced risk of healthcare-associated infections (HAIs). The demand for ultrasound transducers in the market is driven by their ability to provide clear images of various tissue structures, including the duodenum, prostate gland, uterus, and uterine cavity. Advancements in technology have led to the development of high-resolution imaging, with pixel counts and gray-scale displays offering superior tissue contrast. Ultrasound transducers employ different frequencies to image various structures, such as fat, muscle tissue, and calcified fibroids. The use of transabdominal and transvaginal transducers enables pelvic imaging, facilitating the detection of conditions like prostate cancer and fibroids. The ultrasound transducer market is witnessing innovation in the form of wireless, pocket-sized devices.

For instance, GE Healthcare's Vscan Air is a recent addition to the market, offering full-body scanning capabilities, wireless connectivity, and intuitive software. This device provides clear images of various tissue structures, including the prostate gland, uterus, and ovarian parenchyma. Despite the advantages, challenges such as attenuation, beam penetration, and tissue depth can affect image quality. Ultrasound transducers use high-frequency sound waves to penetrate various tissue structures, and the resulting echo levels and reflective bending can influence image quality. The speed of sound in different tissue structures, such as fluid-containing structures and calcified structures, can also impact image resolution and depth of field. Nevertheless, the ultrasound transducer market continues to grow, driven by the need for non-invasive diagnostic tools and the ongoing development of advanced imaging technologies. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

The high costs associated with ultrasound systems is the major challenge that affects the growth of the market. Ultrasound transducers are integral components of diagnostic imaging systems, enabling the visualization of various tissue structures within the body. These transducers utilize high-frequency sound waves to generate images of organs such as the duodenum, uterus, and prostate gland. In the case of prostate cancer diagnosis, endorectal ultrasound is commonly used in conjunction with digital rectal examination (DRE). Transvaginal transducers are preferred for imaging the uterus and uterine cavity, providing superior image resolution and tissue contrast. Ultrasound technology is widely used in pelvic imaging due to its non-invasive nature and ability to differentiate between fluid-containing structures, calcified structures, and tissue depth. The image quality is influenced by factors such as frequencies, image resolution, depth of field, and tissue impedance.

However, transabdominal transducers operate at lower frequencies for deeper penetration, while transvaginal transducers use higher frequencies for improved axial and lateral resolution. The ultrasound transducer market caters to various applications, including the detection and monitoring of conditions like fibroids, cancer, and dermoid cysts. Calcified structures, such as calcified fibroids, can create shadows and echo levels, affecting image interpretation. Reflective bending and attenuation also impact the image quality. Despite the benefits, the high cost of ultrasound systems and transducers remains a significant barrier to widespread adoption. The price range for ultrasound transducers is substantial, ranging from USD 4,000 to over USD 6,000 each. The number and types of transducers required for a comprehensive ultrasound configuration significantly impact the upfront costs. Hence, the above factors will impede the growth of the market during the forecast period.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alpinion Medical Systems Co. Ltd. - The company offers ultrasound transducers such as SC1 4H, SC1 6H, SC1 4HS.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Alpinion Medical Systems Co. Ltd.
• Bracco Spa
• Broadsound Corp.
• Butterfly Network Inc.
• Canon Inc.
• Esaote Spa
• eZono AG
• FUJIFILM Corp.
• General Electric Co.
• Hitachi Ltd.
• KOELIS SAS
• Kolo Medical Inc.
• Koninklijke Philips N.V.
• Mianyang Xianfeng Medical Instrument Co. Ltd.
• Samsung Electronics Co. Ltd.
• Shantou Institute of Ultrasonic Instruments Co. Ltd.
• Shenzhen Warp United Scientific Co. Ltd.
• Siemens AG
• SonoScape Medical Corp.
• Telemed Ultrasound

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By Type 

The convex segment is estimated to witness significant growth during the forecast period. The market was led by the convex segment in 2023, which is anticipated to maintain its dominance throughout the forecast period. Convex ultrasound transducers, also known as curved transducers, feature a curved arrangement of piezoelectric crystals. The convex shape of the beam generated by these transducers enables detailed examination of various organs.

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The convex segment accounted for USD 1.03 billion in 2018. Convex transducers for 3D imaging offer a wide field of view and a central frequency ranging from 3.5MHz to 6.5MHz. These transducers are employed in several diagnostic applications, including abdominal, vascular, nerve, musculoskeletal, obstetrics and gynecology (OB/GYN), transvaginal, and transrectal examinations. The growth of the convex transducer segment is attributed to its advantages, such as high efficiency and the ability to penetrate deeper into organs compared to other transducers. In the context of pelvic imaging, convex transducers are used for the diagnosis of conditions such as prostate gland diseases, including prostate cancer, and for examining the uterus and uterine cavity. Convex transducers can distinguish between various tissue structures, including muscle tissue, fat, dermoid cysts, calcified fibroids, and calcified structures, based on their tissue contrast, impedance, and attenuation. The beam penetration and tissue depth are influenced by the frequency of the ultrasound waves, with high-frequency sound waves providing better axial and lateral resolution. However, high-frequency waves have limited depth penetration and are therefore used for imaging superficial structures. Fluid-containing structures, such as the duodenum, and calcified structures, like calcium deposits and shadow, can be clearly visualized using ultrasound imaging. Echo levels and reflective bending are crucial factors that influence the quality of the ultrasound image.

Regional Analysis

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North America is estimated to contribute 44% to the growth of the global market during the market forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Ultrasound transducers are essential components of ultrasound machines, converting electrical energy into sound waves that penetrate tissue and generate images. These transducers employ coupling gels to ensure optimal contact between the probe and the body. Ultrasound is a valuable monitoring tool for various medical conditions, including cardiovascular disorders such as transthoracic echocardiography, respiratory disorders like thoracentesis, and abdominal disorders, inflammatory bowel disease, and gastrointestinal disorders. During procedures like vascular access, minimally invasive therapies, and needle-guided aspirations for biopsies or balloon procedures, ultrasound transducers play a crucial role. The high-frequency sound waves interact with tissue density, producing gray-scale images. Transducers come in various forms, such as convex, linear array, and handheld devices. In diagnostic applications, ultrasound probes operate at different frequencies, producing harmonics and eliminating artifacts like speckle and reverberation. Transducers are used in advanced techniques like endoscopic ultrasound, where echo-endoscopes provide detailed images of the pancreas, gut wall, and stomach. Ultrasound is also used in conjunction with other imaging modalities like X-ray fluoroscopy. The skilled labor required to operate these transducers ensures accurate and reliable diagnostic information.

Segment Overview

The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type Outlook
  • Convex
  • Linear
  • Endocavitary
  • Phased array
  • CW doppler

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Argentina
    • Brazil
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

Ultrasound transducers are an essential component of ultrasound machines, converting electrical energy into sound waves that penetrate tissue and generate images. These transducers play a crucial role in various medical applications, including cardiovascular disorders, respiratory disorders, and abdominal disorders. They are used in monitoring tools like transthoracic echocardiography, thoracentesis, and vascular access for minimally invasive therapies. Transducers are applied with coupling gels to ensure proper contact between the transducer and the tissue. Ultrasound probe frequencies and harmonics generate different types of images, such as gray-scale and color Doppler. However, artifacts like speckle, reverberation, and pancreas can affect image quality. Handheld ultrasound devices have gained popularity due to their portability and ease of use. Transducers in these devices come in various configurations, such as convex, linear array, and phased array, catering to different applications like transvaginal and transrectal conditions. Ultrasound transducers are used in endoscopic ultrasound, where echo-endoscopes and color Doppler help diagnose conditions like inflammatory bowel disease and gastrointestinal disorders. Linear array probes are used for needle-guided aspirations and biopsies, while balloon catheters use acoustic contact for therapeutic interventions. In conclusion, ultrasound transducers are indispensable tools in medical imaging, enabling the detection and diagnosis of various conditions. Their role in minimally invasive therapies and image quality enhancement continues to drive innovation in this field.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies