Market Introduction
Ultrasound transducer is the hand held part of the ultrasound system which produces and detects the ultrasound waves. The transducer converts electrical energy into sound waves which bounce off the body tissues and produces echoes. These echoes are received by the transducer and are sent to the computer which creates an image (sonogram). Transducers are available in different sizes, shapes, and possess diverse features.
Market Overview and Dynamics
The North America ultrasound transducer market is expected to reach US$ 2,093.15 million in 2027 from US$ 1,570.93 million in 2019. The market is estimated to grow with a CAGR of 4.0% from 2020-2027. Factors such as growing prevalence of chronic diseases and increase in funds for ultrasound research are expected to augment the growth of the market. On the other hand, the market is likely to have negative impact due to shortage of medical staff.
Key Market Segments
Based on product, the ultrasound transducer market is segmented into linear, convex, phased array, endocavitary, CW Doppler, tee probes, others. The convex held the largest share of the market in 2019. However, the linear segment is estimated to register the highest CAGR in the market during the forecast period. Based on application, the ultrasound transducer market is segmented into cardiovascular, general imaging, musculoskeletal, OB AND GYN, and other. The general imaging segment held the largest share of the market in 2019 and the cardiovascular segment is estimated to register the highest CAGR in the market during the forecast period. On the basis of end-user, the ultrasound transducer market has been segmented into hospitals, clinics, diagnostic centers and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2019 and clinics segment is likely to dominate the market with a CAGR in the market during the forecast period.
Major Sources and Companies Listed
Some of the major secondary sources for North America ultrasound transducer market included in the report are, Canada Foundation of Innovation, Globocan, Canadian Patient Safety Institute, Ohio State Innovation Foundation, National Institute of Health and others.
Reasons to buy the report
North America Ultrasound Transducer Market –
By Product
By Application
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,570.93 Million |
| Market Size by 2027 | US$ 2,093.15 Million |
| CAGR (2020 - 2027) | 4.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Ultrasound Transducer Market is valued at US$ 1,570.93 Million in 2019, it is projected to reach US$ 2,093.15 Million by 2027.
As per our report North America Ultrasound Transducer Market, the market size is valued at US$ 1,570.93 Million in 2019, projecting it to reach US$ 2,093.15 Million by 2027. This translates to a CAGR of approximately 4.0% during the forecast period.
The North America Ultrasound Transducer Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Ultrasound Transducer Market report:
The North America Ultrasound Transducer Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Ultrasound Transducer Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Ultrasound Transducer Market value chain can benefit from the information contained in a comprehensive market report.
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