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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Ultrasound Transducer Market Outlook
The global ultrasound transducer market size was valued at USD 4.21 billion in 2023, driven by the growing prevalence of cardiovascular, pulmonary, and abdominal problems, increased mergers and acquisitions. The market is anticipated to grow at a CAGR of 3.5% during the forecast period 2024-2032 to reach a value of USD 5.74 billion by 2032.
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Ultrasound transducers are used in diagnostic, surgical treatments, and non-invasive processes, including lithotripsy. Primary diagnostic purposes of these instruments include maternity, cardiovascular, abdominal, cerebrovascular, gynaecological, and urological examinations, as well as breast, tiny tissue parts, paediatric, and operational examinations.
Market Segmentation
The ultrasound transducer market can be divided on the basis of segments like type, end-use, and technology.
The industry can be divided on the basis of its type as ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor. The industry can be broadly divided based on its end-use segments into:
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- Automotive
- Food and Beverage
- Medical and Healthcare
- Aerospace and Defence
- Industrial
The industry can be classified on the basis of its technology as ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology.
The EMR report looks into the regional ultrasound transducer markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The ultrasound transducer market owes its growth to factors like the increasing prevalence of cardiovascular, respiratory, and abdominal disorders, growing mergers and acquisitions, and the growing number of product launches. The growing use of ultrasound machines in medical imaging of different circumstances and the introduction of developed transducers are some of the critical drivers of the industry. The high cost of the ultrasound product is the only constraint of ultrasound transducer market.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global ultrasound transducer market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Siemens AG (OTCMKTS: SIEGY)
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Murata Manufacturing Co. Ltd
- Omron Corporation
- Sick AG
- Banner Engineering Corp.
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global ultrasound transducer market reached a value of USD 4.21 billion in 2023.
The market is anticipated to grow at a CAGR of 3.5% during the forecast period of 2024-2032 to reach a value of USD 5.74 billion by 2032.
The industry is primarily being driven by the growing prevalence of cardiovascular, pulmonary, and abdominal problems, increased mergers and acquisitions, a growing number of product launches, and increasing use of ultrasound machines owing to its high efficiency and safety.
The key trends augmenting the market growth are the expanding usage of ultrasound machines in medical imaging of various cases and the introduction of advanced transducers.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Ultrasonic medical technology, ultrasonic processing technology, and ultrasonic testing technology are the different types of technologies in the industry.
The different types include ultrasonic proximity sensor, ultrasonic retro-reflective sensor, and ultrasonic through-beam sensor.
The various end-uses of the industry are automotive, food and beverage, medical and healthcare, aerospace and defence, and industrial.
The major players in the industry are Siemens AG, Honeywell International Inc., Rockwell Automation, Inc., Murata Manufacturing Co. Ltd, Omron Corporation, Sick AG, and Banner Engineering Corp.
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