Global Ultrasound Probe Market, By Component (Product and Accessories, Software and Service), Type (Single type, Linear Type, Convex Type, Phased Array Type, Endocavitary Type, Cerebrovascular Doppler, Transesophageal Echocardiography Probes, Others), Application (Breast and Thyroid, Ophthalmology, Urology, Fetus Heart Rate, Gastrointestinal Tract, Intraoperative, Healthcare, Obstetrics/ Gynecology (OB-Gyn), Urology, Nervous System, Renal / Digestive, Musculoskeletal (MSK), Abdominal and Point of Care, Gynaecology, Cardiology, Vascular, Others), Age Group (Paediatric, Adult), End- Users (Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Others), Product Type (Wireless Ultrasound Probe, Wired Ultrasound Probe), Channel (Direct Sales, Distributor) – Industry Trends and Forecast to 2030.
Ultrasound Probe Market Analysis and Size
As more people develop pulmonary artery-related illnesses, there is also expected to be an increase in the demand for ultrasound devices for lung imaging. As soaking a probe in a solution for disinfecting purposes contaminates the solution, it may harm the patient's health. The most recent technique for cleaning ultrasound probes is high-level disinfection (HLD). The ultrasound probe can be cleaned quickly, affordably, and safely while protecting patients and hospital staff as high-frequency sound waves from ultrasound probes travel through biological tissues and produce echoes. Transducers, also called probes, come in various sizes and shapes and are used to take pictures of different body parts. The transducer can be passed over the body's surface or inserted into an opening, such as the rectum or vagina.
Data Bridge Market Research analyses that the ultrasound probe market, valued at USD 383.61 million in 2022, will reach USD 514.98 million by 2030, growing at a CAGR of 3.75% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Ultrasound Probe Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Product and Accessories, Software and Service), Type (Single type, Linear Type, Convex Type, Phased Array Type, Endocavitary Type, Cerebrovascular Doppler, Transesophageal Echocardiography Probes, Others), Application (Breast and Thyroid, Ophthalmology, Urology, Fetus Heart Rate, Gastrointestinal Tract, Intraoperative, Healthcare, Obstetrics/ Gynecology (OB-Gyn), Urology, Nervous System, Renal / Digestive, Musculoskeletal (MSK), Abdominal and Point of Care, Gynaecology, Cardiology, Vascular, Others), Age Group (Paediatric, Adult), End- Users (Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Others), Product Type (Wireless Ultrasound Probe, Wired Ultrasound Probe), Channel (Direct Sales, Distributor)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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NIHON DEMPA KOGYO CO., LTD. (Japan), UNILABS (Switzerland), GENERAL ELECTRIC (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), FUJIFILM Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Hitachi Ltd. (Japan), ESAOTE SPA (Italy), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), FUKUDA DENSHI (Japan), Hologic Inc. (U.S), Analogic Corporation (U.S.), TOSHIBA CORPORATION (Japan), Trivitron Healthcare (India), RamSoft, Inc. (India), Sonic Healthcare Limited (Australia), RadNet, Inc. (U.S), Akumin Inc. (U.S), Sonomed Sp. z o.o. [Ltd.] (India)
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Market Opportunities
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Market Definition
The ultrasound probe, also known as the transducer, is the part of the ultrasound system attached externally to contact the patient’s body per the diagnostic requirement. Unlike other imaging techniques, ultrasound doesn’t use radiation. It is responsible for transmitting and receiving the high-frequency sound waves used to produce images of internal organs, tissues, and blood flow
Ultrasound Probe Market Dynamics
Drivers
- Increase in the use of ultrasound technology
The rise in chronic diseases and cases of pulmonary artery-related disorders has led to increased demand for technologies, which is also expected to drive the ultrasound probe market over the forecast period. Doctors and other medical professionals can treat even the most severe illnesses using cutting-edge technology. One of the most significant developments in medical science is ultrasound. The increase in hospital-acquired infections (HAIs), the use of diagnostic imaging, technological advancements, and the expansion of ultrasound imaging techniques. Several factors contribute to the growth, including the rise in hospital-acquired infections (HAIs), the use of diagnostic imaging, technological developments, and the expansion of ultrasound imaging techniques. Significant technological advancements have occurred in the market, which has created an increase.
- Increasing investment in healthcare infrastructure
In addition to positive market factors, government organizations want to strengthen the healthcare system by increasing funding, which benefits the ultrasound probe market. Additionally, through increased investments, the ultrasound probe market is anticipated to grow as a result of the rising number of product launches. Thus several significant players are focusing on developing potent, transportable, and single-use ultrasound transducers, which will further propel the market growth.
Opportunities
- Abnormalities in fetuses have provided chances to grow
Demand for ultrasonic diagnosis is anticipated to rise due to an increase in the frequency of abnormalities in fetuses brought on by pregnancy at a late age. The lack of harmful radiation, ultrasound devices are widely used for obstetric imaging. Chromosomal abnormalities affect about one in every 150 newborn babies, according to the March of Dimes Foundation. Therefore, early pregnancy treatment of chromosomal abnormalities requires fetus diagnostics. Demand for ultrasound imaging and, consequently, the use of ultrasound probes rises as the rate of indication of abnormalities also does.
- Expanding through the rising demand for minimally invasive treatments
The rising demand for minimally invasive therapies has created expansion. The gold standard for minimally invasive spinal surgery is expected to shift from X-ray fluoroscopy to ultrasound imaging, according to a study published in IEEE Transactions on Medical Imaging in 2021. Researchers are working to develop ultrasonic imaging for navigation, utilizing its distinct advantages of being user-friendly and radiation-free. Using ultrasounds in these minimally invasive surgical procedures in place of dangerous X-ray fluoroscopy will therefore result in a greater uptake, fueling market expansion.
Restraints/Challenges
- Lack of expertise restricts growth
When using an ultrasound transducer, a skilled sonographer is necessary to get an accurate, artifact-free recording with good clinical quality and diagnostic value. A trained sonographer must use an ultrasound transducer to take real-time pictures of the internal organs' movement and structure and blood flow through their blood vessels. However, an image is produced by the ultrasound transducer's high-frequency sound waves as they pass from the probe through the gel and into the body. Therefore, trained and experienced sonographers must operate imaging technology and soundwaves.
This ultrasound probe market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultrasound probe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2022, The Butterfly iQ+ point-of-care ultrasound device will be marketed and distributed in India by Abdul Latif Jameel Health, a division of the globally diversified family business Abdul Latif Jameel, and Wellesta Holdings, a Singapore-based firm that supports the marketing and commercialization of healthcare products in South East Asia, India, and MENA (the Middle East and North Africa).
- In 2022, The TEX20 Series, a top-of-the-line Point of Care ultrasound system from Mindray, was introduced. To further improve workflow efficiency and elevate the user experience in hectic, demanding clinical environments, the Series incorporates a full suite of wireless solutions, including voice command, wireless charging, and wireless transducers.
- In 2021, WHO also published a list of 500 medical devices crucial for managing cardiovascular diseases in all healthcare facilities, from primary care offices to highly specialized hospitals.
Global Ultrasound Probe Market Scope
The ultrasound probe market is segmented on the basis of component, type, application, age group, product type, channel, end- users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Product and Accessories
- Software and services
Type
- Single type
- Linear Type
- Convex Type
- Phased Array Type
- Endocavitary Type
- Cerebrovascular Doppler
- Transesophageal echocardiography probes
- Type
- 2D TEE probes
- 3D TEE probes
- 4D TEE probes
- Others
- TV type
Application
- Breast and Thyroid
- Ophthalmology
- Urology
- Fetus heart rate
- Gastrointestinal Tract
- Intraoperative
- Healthcare
- Muscle
- Fat
- Obstetrics/ Gynecology (OB-Gyn)
- Superficial
- Endocavity
- Urology
- Nervous System
- Renal / Digestive
- Musculoskeletal (MSK)
- Tendon
- Arthrosis
- Abdominal and point of care
- Gynaecology
- Superficial
- Endocavity
- Cardiology
- Superficial
- TEE
- Vascular
- Arteriosclerosis
- Needle Guide
- Others
Age group
- Paediatric
- Adult
Product Type
- Wireless Ultrasound Probe
- Wired Ultrasound Probe
Channel
- Direct Sales
- Distributor
End- Users
- Hospitals
- Clinics
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others
Ultrasound Probe Market Regional Analysis/Insights
The ultrasound probe market is analysed and market size insights and trends are provided by country, component, type, application, age group, product type, channel, end- users as referenced above.
The countries covered in the ultrasound probe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the rising incidence of breast cancer and the consequent rise in demand for cutting-edge medical procedures.
Asia-Pacific will have the highest growth rate during the forecast period due to rising developing-country investments in healthcare infrastructure and increasing public awareness of in-vitro fertilization procedures.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ultrasound Probe Market Share Analysis
The ultrasound probe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultrasound probe market.
Some of the major players operating in the ultrasound probe market are:
- NIHON DEMPA KOGYO CO., LTD. (Japan)
- UNILABS (Switzerland)
- GENERAL ELECTRIC (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Siemens Healthcare GmbH (Germany)
- FUJIFILM Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
- Hitachi Ltd. (Japan)
- ESAOTE SPA (Italy)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- FUKUDA DENSHI (Japan)
- Hologic Inc. (U.S)
- Analogic Corporation (U.S.)
- TOSHIBA CORPORATION (Japan)
- Trivitron Healthcare (India)
- RamSoft, Inc. (India)
- Sonic Healthcare Limited (Australia)
- RadNet, Inc. (U.S)
- Akumin Inc. (U.S)
- Sonomed Sp. z o.o. [Ltd.] (India)
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