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August 2024
The global ultrasound transducer market size accounted for USD 3.80 billion in 2024, grew to USD 3.92 billion in 2025 and is expected to be worth around USD 5.23 billion by 2034, registering a CAGR of 3.24% between 2024 and 2034. The North America ultrasound transducer market size is calculated at USD 1.29 billion in 2024 and is expected to grow at a CAGR of 3.37% during the forecast year.
The global ultrasound transducer market size is worth around USD 3.80 billion in 2024 and is anticipated to reach around USD 5.23 billion by 2034, growing at a CAGR of 3.24% from 2024 to 2034. The demand for the ultrasound transducer market is growing due to their rising use in medical fields like diagnostics and surgeries. The increasing prevalence of medical conditions also contributes to market growth.
The rise of artificial intelligence (AI) and machine learning (ML) is playing an impactful role in shaping the healthcare industry, including the ultrasound transducer market. The adoption of AI is helping to improve image quality, which provides clear visuals and helps diagnose. AI is well-known for its data analyzing capabilities, which help in real-time imaging that can help in providing instant feedback.
Companies are adopting these technologies, which is beneficial to their business effectively. Additionally, AI simplifies processes like the measurements of organ size, which helps automate the whole process. The medical sector in developed countries is also aiming to use AI-based systems to educate healthcare students, which can create more advancements in the coming years.
The U.S. ultrasound transducer market size is exhibited at USD 1.03 billion in 2024 and is projected to be worth around USD 1.45 billion by 2034, growing at a CAGR of 3.44% from 2024 to 2034.
North America dominated the global ultrasound transducer market in 2023. The dominance of the region is attributed to the well-established healthcare infrastructure in countries like the United States, which focuses on the adoption of advanced technologies. Governments are also contributing heavily to the adoption of medical technologies. Additionally, the rising prevalence of chronic diseases is leading to the need for advanced technologies. The rising influence of social media is also increasing health awareness among the population, which is focused on adopting diagnosis at an early stage.
Asia Pacific is anticipated to grow at a significant CAGR in the market during the forecast period of 2024 to 2034. The growth of the region is attributed to the rising expansion of healthcare technologies in countries like China, India and Japan. The region has the two most populated countries which have a higher demand for maternal healthcare services. The ultrasound transducer market is gaining significant growth due to the rising prevalence of chronic diseases.
An ultrasound transducer is a device that produces sound waves that bounce off body tissues and make echoes. The ultrasound transducer market is growing efficiently as it plays a crucial role in ultrasound imaging, which is used in medical diagnostics. The device uses various materials like piezoelectric crystals that generate sound waves when generated by an electric current. The devices are used in various applications to create images that can be used to image various structures in the human body. Healthcare organizations are adopting the use of these devices, which attracts and generates multiple businesses in the market.
| Report Coverage | Details |
| Market Size by 2034 | USD 5.23 Billion |
| Market Size in 2024 | USD 3.80 Billion |
| Market Size in 2025 | USD 3.92 Billion |
| Market Growth Rate from 2024 to 2034 | CAGR of 3.24% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Product Type, Application, End-user, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa |
Rising prevalence of chronic diseases
The rising prevalence of chronic diseases like cardiovascular diseases, cancer, diabetes, etc, plays a critical role in market growth. The ultrasound transducer market is growing efficiently due to the rising need for early diagnosis of these diseases. The healthcare sector is also driven by the rising prevalence of chronic joint and tissue disorders, which increases the demand for these devices that help in medical settings.
Rising pregnancy rates
The rising pregnancy rate is playing a crucial role in increasing the demand for ultrasound transducers as these devices help in detecting complications related to pregnancy. As a result, the ultrasound transducer market is gaining significant demand, and the healthcare sector is increasing these technologies, which can help provide effective diagnoses to women.
Limited availability in underdeveloped countries
Ultrasound systems usually contain advanced technologies, which makes them expensive. The ultrasound transducer market has marked significant dominance in the developed regions due to their well-established infrastructure, but there are still some factors, like higher costs, which could potentially affect the market growth. The rising prevalence of diseases and the rising pregnancy rate in these countries raise the demand for ultrasound devices in the region. However, the limited availability of funds for the healthcare sector is anticipated to restrict the market growth.
Adoption of therapeutic applications
The expansion of ultrasound has gained significant popularity in various therapeutics like pain management therapies, such as high-intensity focused ultrasound (HIFU). The ultrasound transducer market is grabbing attention due to its rising adoption, which is also creating multiple business opportunities for the market companies. Many healthcare organizations are also heavily investing in innovating new technologies that can fulfill the requirements needed in these applications.
Rising preferences toward minimally invasive procedures
The rising adoption of ultrasound in needle biopsies is playing a crucial role as it boosts the recovery process. These devices are significantly helping as they reduce complications and enhance accuracy. The ultrasound transducer market is growing due to its rising use in cardiac procedures which helps in improving real-time procedures.
Rising geriatric population
The increasing geriatric population is one of the major factors that is anticipated to boost market growth at an exponential rate. The ultrasound transducer market is anticipated to grow because these populations are more prone to diseases, which leads to the need for ultrasound devices. The population mostly prefers easy diagnosis, which leads to the innovation of tools that can be used for their treatment. Additionally, there is increasing health awareness among these populations.
The convex segment stood the dominant in the global market in 2023. Convex transducers are one of the most widely used products due to their unique functional capabilities. It is a curve array containing piezoelectric crystals that help in enhanced imaging. The ultrasound transducer market has gained significant popularity due to the use of these transducers in various applications like imaging of the abdomen, liver, kidneys, etc. The exceptional capabilities also help in imaging the internal organs, which can be used to diagnose special populations. The widespread use of these devices has also created a huge demand among healthcare professionals. Bulk production is one of the major reasons these devices are cost-effective and can be used by small enterprises.
The general imaging segment contributed the largest share of the market in 2023. The segment refers to the use of these transducers in applications like thyroid, liver, breast, and others. The dominance of the segment is attributed to its use in broader applications, which also contribute to the growth of the ultrasound transducer market. The rising investments are focused on improving the image quality.
The OB/GYN segment is expected to grow as the fastest CAGR in the market during the forecast period of 2024 to 2034. These transducers are mainly designed for use in gynecology and obstetrics applications. The ultrasound transducer market is growing efficiently due to the rising birth rates, especially in developing regions. This is leading to the adoption of technologies that can help in fulfilling the requirements of the industry. Government initiatives to increase maternal health awareness are anticipated to grow further.
The hospitals segment led the global market in 2023. The dominance of the ultrasound transducer market is driven by a well-established technological base of hospitals that provide services to patients. This has attracted a majority of the customer base, which is leading to more technological adoption within hospital settings. The well-established dominance of hospitals over the past decades has raised their investment capacities, attracting multiple business opportunities and employment opportunities. The increasing support from the governments is playing a vital role that is expected to lead to extensive support in R&D activities. This is also expected to reduce the diagnosis cost and provide treatment in underdeveloped regions.
The ambulatory surgery centers segment is projected to grow at the fastest CAGR in the market during the forecast period of 2024 to 2034. These settings are the specialized version of hospitals which provide settings. The expansion of the healthcare industry is leading towards the adoption of technologies which is leading towards the growth of the ultrasound transducer market. Individuals are opting for these services as they provide minimally invasive and one-day procedures that make the process convenient. This is leading to the expansion of ambulatory surgical centers.
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