Ultrasound transducer market to reach $4.53b by 2030

Key drivers include increased product launches and innovations.

The global ultrasound transducer market is expected to grow to $4.53b by 2030, with a CAGR of 3.2% from 2024 to 2030, according to ResearchAndMarkets.com.

Key drivers include increased product launches and innovations focused on improving diagnostic accuracy and safety. Advancements such as portable and mobile ultrasound machines are expected to further fuel growth.

A large number of manufacturers are investing in smart production methods and automation to optimise pricing and boost revenue. Innovations like burst wave lithotripsy, used for non-invasive kidney stone treatment, are also expected to drive demand.

The report noted that convex transducers currently hold the largest market share due to their superior image quality, wider footprint, and ergonomic designs. Meanwhile, 2D linear transducers are preferred for heart condition diagnostics due to their detailed results.

The general imaging segment is expected to lead the market as ultrasound devices gain more use in primary diagnostics.

The Asia Pacific region is also poised for significant growth, driven by lower labor costs and untapped markets in developing areas.