The global ultrasound transducer market size is anticipated to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% during the forecast period. Increasing number of product launches and growing focus of the major players on innovations for safe and accurate diagnosis are the factors driving the growth.
North
America is anticipated to hold substantial share of the market during the
forecast period owing to high adoption of advanced medical devices. Continuous
innovations in ultrasound machine such as portable and mobile ultrasound
machine is expected to fuel the growth. Moreover, presence of a large number of
ultrasound transducer manufacturers is anticipated to bode well for the
regional growth. These companies emphasize on heavy investments to develop
smart production methods and process automation, which is a key factor in
optimizing product prices and maximizing revenues.
Another
innovation pertaining to these devices include burst wave lithotripsy which
help delicate procedures including kidney stone destruction. The technology is
not only efficient but also offers non-invasive procedure to patients, which is
anticipated to ultimately augment the product demand in the forthcoming years.
Growing
number of partnerships between resellers for ultrasound transducers is an
emerging trend witnessed in the market. Direct purchase from Original Equipment
Manufacturers (OEMs) is another trend observed in the market. End users are
increasingly dealing with OEMs since they offer efficient technologies like
custom strain gauge sensing to finished product designs, to achieve greater
business advantage.
Full Research Report On Ultrasound Transducer Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/ultrasound-transducer-market
Ultrasound
Transducer Market Report Highlights
- Convex transducers holds
largest market share owing to the advantages of the product such as
superior quality resolution for accurate diagnosis, wider footprint, and
ergonometric designs
- 2D linear transducers are highly
preferred as compared to 3D linear owing as they provide detailed results
in heart conditions
- General imaging segment is
expected to lead the ultrasound transducer market in the forthcoming years
owing to increased adoption of ultrasound devices in primary diagnostic
purposes
- Owing to lower labor costs
and untapped areas in developing regions of Asia Pacific, the market
players are expected to witness huge opportunities to increase their
clientele and expand their product portfolio
- Key players in the
ultrasound transducers market include Shenzhen Ruqi Technology, GE
Healthcare, Siemens Healthineers, Samsung Medison, Hitachi, Esaote,
Mindray, SIUI, , SonoScape Medical, FUJIFILM SonoSite, Shenzhen Jiarui
Electronic Technology, and Koninklijke Philips N.V.
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https://www.grandviewresearch.com/industry-analysis/ultrasound-transducer-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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