The Ultrasound Transducer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ultrasound Transducer Global Market Report 2024, The ultrasound transducer market size has grown strongly in recent years. It will grow from $3.96 billion in 2023 to $4.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increasing diagnostic imaging demand, rise in chronic diseases, expanding applications in obstetrics and gynecology, growing geriatric population, global healthcare infrastructure development..
The ultrasound transducer market size is expected to see steady growth in the next few years. It will grow to $4.95 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to proliferation of telemedicine services, focus on point-of-care diagnostics,
increased accessibility in developing regions, expanding applications in interventional procedures, customization for specific medical specialties.. Major trends in the forecast period include miniaturization of transducer technology, expansion of point-of-care ultrasound (pocus), development of high-frequency transducers, integration of artificial intelligence (ai), advancements in transducer materials, wireless and cable-free transducer connectivity..
The increasing prevalence of cardiovascular and respiratory disorders is expected to propel the growth of the ultrasound transducer market going forward. Cardiovascular and respiratory disorders refer to a group of medical conditions that affect the cardiovascular system (heart and blood vessels) and the respiratory system (lungs and airways). Ultrasound transducers are commonly used to diagnose and manage cardiovascular and respiratory disorders. These devices play a crucial role in imaging and assessing the structures and functions of the heart, blood vessels, lungs, and related organs. For instance, in March 2022, according to a report published by the Office for National Statistics, a UK-based government department, between 2020 and 2021, 19,440 to 20,061 people died from heart attacks. Furthermore, for instance, in June 2023, according to reports published by the Australian Institute of Health and Welfare, an Australia-based national agency, there was a rise in respiratory disease-related deaths from 43,031 in 2020 to 46,551 in 2021 in Australia. Therefore, the increasing prevalence of cardiovascular and respiratory disorders is driving the growth of the ultrasound transducer market.
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The ultrasound transducer market covered in this report is segmented –
1) By Product: Linear, Convex, Phased array, Endocavitary, Continuous wave Doppler, Other Products
2) By Application: Cardiovascular, General Imaging, Musculoskeletal, Obstetrics (OB) And Gynecology (GYN), Vascular, Other Applications
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Clinics
Major companies operating in the ultrasound transducer market are developing innovative technological products, such as the TEX20 Series, to meet the needs of clinicians in demanding environments such as critical care and emergency medicine. The TEX20 Series is a point-of-care ultrasound system that can help clinicians provide better patient care in demanding environments. For instance, in June 2022, Mindray Global, a China-based medical device company, launched the TEX20 Series, a point-of-care ultrasound system. It features several innovative technologies that deliver exceptional image quality, clinical confidence, and workflow efficiency. The Mindray TEX20 series point-of-care ultrasound system is a sophisticated technological solution combining several characteristics to improve clinical performance and patient-centered treatment. The TEX20 series incorporates essential technology such as ZST, AI-powered Smart Tools, an information integration system, an ergonomic design, a wireless transducer, sophisticated imaging modes, high-frequency imaging, and a portable design.
The ultrasound transducer market report table of contents includes:
- Executive Summary
- Ultrasound Transducer Market Characteristics
- Ultrasound Transducer Market Trends And Strategies
- Ultrasound Transducer Market - Macro Economic Scenario
- Global Ultrasound Transducer Market Size and Growth
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- Global Ultrasound Transducer Market Competitive Benchmarking
- Global Ultrasound Transducer Market Competitive Dashboard
- Key Mergers And Acquisitions In Ultrasound Transducer Market
- Ultrasound Transducer Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Hitachi Medical Corporation
- Siemens Healthineers
- Fujifilm Holdings Corporation
- Koninklijke Philips N.V
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The ultrasonic sensors are used for liquid level measurement, object detection, distance measurement, anti collision detection and pallet detection among others. Ultrasonic sensors are used to improve the operational efficiency and provide additional safety in manufacturing facilities. This is one of the major factors fueling the demand for ultrasonic sensors globally.
The need for demand of automation and focus on improvement of production efficiency has increased across industries such as automotive, chemical, construction, and food and beverages among others. Moreover, increasing demand for advanced features such as automatic steering controls, park assist system, blind spot detection and adaptive cruise control is also expected to have a positive impact on the demand for ultrasonic sensors globally.
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The rising concern for driver safety has ensured the integration of antilock braking systems (ABS) in most of the vehicles. Moreover, the ultrasonic sensors are used to control steering, acceleration and braking while parking the vehicle. In addition, the ultrasonic sensors also gather location information of the vehicle. In addition, the emerging concept of wearable medical devices is also aiding to the growth of the market. The wearable medical devices are embedded with various types of sensors such as ultrasonic, temperature, heart rate sensors and pressure sensors among others. The ultrasonic sensors can be used to visualize the internal parts of the human body without causing any negative impact. These factors are driving the growth for the market during the forecast period.
By types, the market is divided into ultrasonic proximity sensors, ultrasonic retro-reflective sensor, ultrasonic through beam sensor, ultrasonic 2 point proximity switches. On the basis of application the ultrasonic sensors market segmented into liquid level measurement, object detection, distance measurement, anti collision detection, pallet detection and others. By industry the market is categorized into automotive, power and gas & oil, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, medical and healthcare and aerospace and defense among others. Moreover, the report also provides cross sectional analysis of all the above segments across different countries within different regions such as North America, Asia Pacific, Europe and Rest of the World.
In 2014, among the different types of ultrasonic sensor, the ultrasonic proximity sensors occupied the largest market share. However, the ultrasonic through beam sensors segment is anticipated to witness the fastest growth rate. The rapid growth of this segment is attributed to the increasing demand for microprocessor controllers and ability to detect fast moving objects in short range.
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Among the different applications of ultrasonic sensors, the liquid level measurement sensor held the largest market share in 2014. Increasing use of liquid level measurement sensors for level surface detection, non contact level measurement and monitoring liquid level changes in tank among others is aiding to the growth of this segment.
Geographically, the Asia Pacific ultrasonic sensors market is predicted to experience the fastest growth from 2015 to 2023.The rapid expansion of production facility and the falling prices of the sensor components is fuelling the growth in this region.
In order to get a better understanding of the ultrasonic sensors market, a key trends analysis has been included for all the segments. Furthermore, the market share of the major players in the optical position sensors in semiconductor modules and chips market has also been discussed in terms of market share revenue held globally. In addition, the key players in the market have also been profiled in terms of their product segments, financial overview, recent developments and business strategies adopted by them.
The leading players in the market include Pepperl+Fuchs GmbH, Siemens AG, Murata Manufacturing Co., Ltd., Rockwell Automation Inc., Microsonic GmbH, Baumer Group, MaxBotix Inc., OMRON Corporation, Honeywell International Inc., Branson Ultrasonics Corporation, Gems Sensors & Controls, Senix Corporation and Crest Ultrasonics Corp. among others.
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The global ultrasonic sensors market can be segmented as follows;-
Global Ultrasonic Sensors Market, By Type
Ultrasonic Proximity Sensors
Ultrasonic Retro-Reflective Sensors
Ultrasonic Through Beam Sensors
Ultrasonic 2 Point Proximity Switches
Global Ultrasonic Sensors Market, By Application
Liquid Level Measurement
Object Detection
Distance Measurement
Anti Collision Detection
Pallet Detection
Others
Global Ultrasonic Sensors Market, By Industry
Automotive
Power and Oil & Gas
Chemical
Agriculture
Construction
Pulp & paper
Material Handling
Food and Beverage
Medical and Healthcare
Aerospace and Defense
Others (Metal working, Printing, Textile)
Global Ultrasonic Sensors Market, By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Ultrasound imaging, or diagnostic sonography, is offered at all our Insight Medical Imagining locations through Alberta.
Using non-invasive sound waves instead of radiation, Ultrasound imagining is used to assess body structures.
A sonographer uses an ultrasound transducer to generate sound waves that detect echoes produced in the body.
A computer interprets the echo and provided detailed images for the radiologist, who will review the results and send a detailed report to your doctor.
high blood pressure treatmentOur Services Venous Procedures Varicose veins are large engorged veins that can feel like rope or cords under your skin.
Read More 3-D Echocardiography A 3-D ultrasound transducer (wand-like apparatus) is placed on the chest to produce the clearest image of the heart.
Read More Stress Echocardiographic Study A major goal Home Read More https://www.cardiofitla.com
high blood pressure treatmentOur Services Venous Procedures Varicose veins are large engorged veins that can feel like rope or cords under your skin.
Read More 3-D Echocardiography A 3-D ultrasound transducer (wand-like apparatus) is placed on the chest to produce the clearest image of the heart.
Read More Stress Echocardiographic Study A major goal Home Read More https://www.cardiofitla.com
