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 are the factors contributing to the growth of this market. Additionally, the emergence of POC ultrasound devices and emerging economies are expected to offer significant growth opportunities for the players operating in the ultrasound transducers market.

The Ultrasound Transducers Market is projected to reach $5.5 billion by 2030, at a CAGR of 5.4% from 2023 to 2030.

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.

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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.

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Topography Analysis:

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the ultrasound transducers market, followed by Europe and Asia-Pacific.

High demand for minimally invasive surgery, high incidence of chronic and lifestyle-related disorders, and technological advancements in ultrasound technology are the major factors responsible for the largest share of the region.

Key Players
The key players operating in the ultrasound transducers market 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
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Key questions answered in the report-

Which are the high-growth market segments in terms of product, application, end user, and geography?
What was the historical market for ultrasound transducers across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the ultrasound transducers market?

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