Ultrasound Probes Market
Ultrasound Probes Market Forecasts to 2030 - Global Analysis By Product Type (Wireless Ultrasound Probe, Wired Ultrasound Probe and Other Product Types), Type (Probe, Software and Service, Accessories and Other Types), Age Group, Sales Channel, Application, End User and by Geography
According to Stratistics MRC, the Global Ultrasound Probes Market is accounted for $3.91 billion in 2024 and is expected to reach $5.45 billion by 2030 growing at a CAGR of 5.70% during the forecast period. Transducers, or ultrasound probes, are crucial parts of ultrasound imaging systems. By converting electrical energy into sound waves and vice versa, these gadgets make it possible to see inside bodily structures. High-frequency sound waves are emitted by the probe and bounce off organs and tissues inside the body. Moreover, the probe picks up these echoes and transforms them back into electrical signals, which are then processed to produce finely detailed pictures. Ultrasound probes are available in a range of sizes and forms, each designed for a particular use, such as vascular, cardiac, or abdominal imaging.
According to the American Heart Association, maintaining a healthy diet and regular physical activity are crucial in preventing cardiovascular diseases.
Market Dynamics:
Driver:
Increasing requirement for less invasive techniques
Globally, there is a trend toward less invasive procedures because they are associated with shorter recovery periods, fewer complications, and better patient outcomes than conventional surgical methods. Additionally, the use of specialized probes in ultrasound-guided procedures allows for precise targeting of treatment areas, such as needle biopsies or catheter placements, thereby improving procedural safety and efficacy.
Restraint:
Exorbitant price of cutting-edge equipment
High-end ultrasound systems and probes can come with significant upfront capital costs and ongoing maintenance costs for medical facilities, particularly in areas with limited resources. Adoption rates are hampered by this financial barrier, especially in smaller clinics and healthcare facilities with tighter budgets. Furthermore, the overall cost is further increased by the expense of training staff members to operate and interpret ultrasound images.
Opportunity:
Development of point-of-care ultrasonography (POCUS)
In a variety of clinical contexts, such as emergency medicine, critical care, and primary care, point-of-care ultrasound (POCUS) is becoming more and more popular because of its portability, real-time imaging capabilities, and affordability. Moreover, incorporating portable and handheld ultrasound devices improves clinical decision-making, lowers healthcare costs related to traditional imaging modalities, and allows for rapid diagnostic assessments at the patient's bedside.
Threat:
Price sensitivity and competitive pressure
Price pressure arises from the presence of multiple market players and intense competition among ultrasound probe manufacturers, especially in healthcare environments where costs are critical. Additionally, price competition can have an impact on market share and profit margins, particularly for businesses selling commoditized ultrasound probes that lack unique features or cutting-edge technology.
Covid-19 Impact:
The COVID-19 pandemic had a major effect on the market for ultrasound probes. There was initially a significant drop in outpatient visits and non-urgent medical procedures, which decreased the need for ultrasound probes and other diagnostic imaging technologies. Hospitals had to prioritize COVID-19 treatment over other operational issues, such as staffing shortages, resource reallocation, and equipment upgrades and purchases being delayed. Furthermore, the need for portable and handheld ultrasound devices for remote diagnostics was fueled by the pandemic's acceleration of telemedicine and point-of-care ultrasound (POCUS) trends.
The Probe segment is expected to be the largest during the forecast period
The probe segment has the largest share in the ultrasound probe market. This section covers the different kinds of ultrasound probes that are used in imaging and diagnostics in medicine. Ultrasound probes are vital parts of ultrasonography systems that allow medical professionals to view internal organs and tissues without making any incisions. Moreover, the development of probes with improved imaging capabilities, greater resolutions, and greater portability has been made possible by technological advancements, and these probes can now be used in a variety of medical settings, including clinics, hospitals, and even remote areas.
The Wireless Ultrasound Probe segment is expected to have the highest CAGR during the forecast period
Within the ultrasound probe market, the wireless ultrasound probe segment exhibits the highest CAGR. Numerous factors driving demand in healthcare settings globally can be attributed to this growth. Compared to their wired counterparts, wireless ultrasound probes are more flexible and mobile, which makes scanning more convenient and efficient for medical professionals. Additionally, the quality and dependability of wireless ultrasound probes have also improved due to advancements in wireless technology, which has fueled their adoption even more.
Region with largest share:
North America holds the largest market share for ultrasound probes. The primary factors contributing to this dominance are the sophisticated healthcare infrastructure, the rapid adoption of technological innovations, and the significant investments made in healthcare R&D. Modern medical equipment and diagnostic tools, such as ultrasound probes, are in high demand in North America, especially in the United States. Furthermore, the region leads the ultrasound probe market in part because of advantageous reimbursement policies and a proactive approach to early diagnosis and preventive healthcare.
Region with highest CAGR:
In the ultrasound probe market, the Asia-Pacific region has the highest CAGR. Numerous factors, such as rising healthcare costs, growing healthcare infrastructure, and growing public awareness of early diagnosis and disease prevention, are contributing to this rapid growth. Key players in this growth include China, India, Japan, and South Korea. Furthermore, technological developments like the widespread use of handheld and portable ultrasound equipment are hastening market expansion in the Asia-Pacific area.
Key players in the market
Some of the key players in Ultrasound Probes market include GE Healthcare, Hitachi Medical Systems, Fujifilm Holdings Corporation, RamSoft, Inc., Samsung Electronics Co., Ltd., Esaote SpA, Analogic Corporation, Healcerion Co., Ltd., Canon Medical Systems, Siemens Healthcare GmbH , Terason Corporation, Philips Healthcare, Trivitron Healthcare, Akumin Inc., Koninklijke Philips N.V. , Hologic Inc. , Toshiba Corporation and Sonic Healthcare Limited.
Key Developments:
In April 2024, FUJIFILM Wako Chemicals U.S.A. Corporation (Fujifilm), a supplier of high purity chemicals and reagents, and Predictive Oncology Inc., , a leader in AI-driven drug discovery and biologics, announced that the companies have entered into a collaboration and co-marketing agreement to reduce protein interference in bacterial endotoxin testing of biopharmaceutical products.
In December 2023, GE Healthcare has entered into a distribution agreement with mobile-first clinical surveillance technology provider, AirStrip to expand AirStrip Cardiology and Patient Monitoring solutions in the US.The mobile application from AirStrip enables clinicians to view clinical data on the web and on mobile devices.
In April 2023, Philips Healthcare has secured a contract to provide its HealthSuite Imaging PACS to Amazon Web Services (AWS).The deal builds on an existing arrangement between Philips and AWS that includes Amazon Bedrock for cloud-based artificial intelligence (AI) applications that support clinical decision-making, Philips said.
Product Types Covered:
• Wireless Ultrasound Probe
• Wired Ultrasound Probe
• Other Product Types
Types Covered:
• Probe
• Software and Service
• Accessories
• Other Types
Age Groups Covered:
• Paediatric
• Adult
Sales Channels Covered:
• Direct Sales
• Distributor
Applications Covered:
• Breast and Thyroid
• Ophthalmology
• Urology
• Gastrointestinal Tract
• Obstetrics
• Urology
• Nervous System
• Renal / Digestive
• Musculoskeletal (MSK)
• Abdominal and Point of Care
• Gynaecology
• Cardiology
• Vascular
• Other Applications
End Users Covered:
• Hospitals
• Clinics
• Diagnostic Centers
• Ambulatory Surgical Centers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ultrasound Probes Market, By Product Type
5.1 Introduction
5.2 Wireless Ultrasound Probe
5.3 Wired Ultrasound Probe
5.4 Other Product Types
6 Global Ultrasound Probes Market, By Type
6.1 Introduction
6.2 Probe
6.2.1 Single Type
6.2.2 Linear Type
6.2.3 Convex Type
6.2.4 Phased Array Type
6.2.5 Endocavitary Type
6.2.6 Cerebrovascular Doppler
6.2.7 Transesophageal Probes
6.3 Software and Service
6.4 Accessories
6.5 Other Types
7 Global Ultrasound Probes Market, By Age Group
7.1 Introduction
7.2 Paediatric
7.3 Adult
8 Global Ultrasound Probes Market, By Sales Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributor
9 Global Ultrasound Probes Market, By Application
9.1 Introduction
9.2 Breast and Thyroid
9.3 Ophthalmology
9.4 Urology
9.5 Gastrointestinal Tract
9.6 Obstetrics
9.7 Urology
9.8 Nervous System
9.9 Renal / Digestive
9.10 Musculoskeletal (MSK)
9.11 Abdominal and Point of Care
9.12 Gynaecology
9.13 Cardiology
9.14 Vascular
9.15 Other Applications
10 Global Ultrasound Probes Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Clinics
10.4 Diagnostic Centers
10.5 Ambulatory Surgical Centers
10.6 Other End Users
11 Global Ultrasound Probes Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 GE Healthcare
13.2 Hitachi Medical Systems
13.3 Fujifilm Holdings Corporation
13.4 RamSoft, Inc.
13.5 Samsung Electronics Co., Ltd.
13.6 Esaote SpA
13.7 Analogic Corporation
13.8 Healcerion Co., Ltd.
13.9 Canon Medical Systems
13.10 Siemens Healthcare GmbH
13.11 Terason Corporation
13.12 Philips Healthcare
13.13 Trivitron Healthcare
13.14 Akumin Inc.
13.15 Koninklijke Philips N.V.
13.16 Hologic Inc.
13.17 Toshiba Corporation
13.18 Sonic Healthcare Limited
List of Tables
1 Global Ultrasound Probes Market Outlook, By Region (2022-2030) ($MN)
2 Global Ultrasound Probes Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Ultrasound Probes Market Outlook, By Wireless Ultrasound Probe (2022-2030) ($MN)
4 Global Ultrasound Probes Market Outlook, By Wired Ultrasound Probe (2022-2030) ($MN)
5 Global Ultrasound Probes Market Outlook, By Other Product Types (2022-2030) ($MN)
6 Global Ultrasound Probes Market Outlook, By Type (2022-2030) ($MN)
7 Global Ultrasound Probes Market Outlook, By Probe (2022-2030) ($MN)
8 Global Ultrasound Probes Market Outlook, By Single Type (2022-2030) ($MN)
9 Global Ultrasound Probes Market Outlook, By Linear Type (2022-2030) ($MN)
10 Global Ultrasound Probes Market Outlook, By Convex Type (2022-2030) ($MN)
11 Global Ultrasound Probes Market Outlook, By Phased Array Type (2022-2030) ($MN)
12 Global Ultrasound Probes Market Outlook, By Endocavitary Type (2022-2030) ($MN)
13 Global Ultrasound Probes Market Outlook, By Cerebrovascular Doppler (2022-2030) ($MN)
14 Global Ultrasound Probes Market Outlook, By Transesophageal Probes (2022-2030) ($MN)
15 Global Ultrasound Probes Market Outlook, By Software and Service (2022-2030) ($MN)
16 Global Ultrasound Probes Market Outlook, By Accessories (2022-2030) ($MN)
17 Global Ultrasound Probes Market Outlook, By Other Types (2022-2030) ($MN)
18 Global Ultrasound Probes Market Outlook, By Age Group (2022-2030) ($MN)
19 Global Ultrasound Probes Market Outlook, By Paediatric (2022-2030) ($MN)
20 Global Ultrasound Probes Market Outlook, By Adult (2022-2030) ($MN)
21 Global Ultrasound Probes Market Outlook, By Sales Channel (2022-2030) ($MN)
22 Global Ultrasound Probes Market Outlook, By Direct Sales (2022-2030) ($MN)
23 Global Ultrasound Probes Market Outlook, By Distributor (2022-2030) ($MN)
24 Global Ultrasound Probes Market Outlook, By Application (2022-2030) ($MN)
25 Global Ultrasound Probes Market Outlook, By Breast and Thyroid (2022-2030) ($MN)
26 Global Ultrasound Probes Market Outlook, By Ophthalmology (2022-2030) ($MN)
27 Global Ultrasound Probes Market Outlook, By Urology (2022-2030) ($MN)
28 Global Ultrasound Probes Market Outlook, By Gastrointestinal Tract (2022-2030) ($MN)
29 Global Ultrasound Probes Market Outlook, By Obstetrics (2022-2030) ($MN)
30 Global Ultrasound Probes Market Outlook, By Urology (2022-2030) ($MN)
31 Global Ultrasound Probes Market Outlook, By Nervous System (2022-2030) ($MN)
32 Global Ultrasound Probes Market Outlook, By Renal / Digestive (2022-2030) ($MN)
33 Global Ultrasound Probes Market Outlook, By Musculoskeletal (MSK) (2022-2030) ($MN)
34 Global Ultrasound Probes Market Outlook, By Abdominal and Point of Care (2022-2030) ($MN)
35 Global Ultrasound Probes Market Outlook, By Gynaecology (2022-2030) ($MN)
36 Global Ultrasound Probes Market Outlook, By Cardiology (2022-2030) ($MN)
37 Global Ultrasound Probes Market Outlook, By Vascular (2022-2030) ($MN)
38 Global Ultrasound Probes Market Outlook, By Other Applications (2022-2030) ($MN)
39 Global Ultrasound Probes Market Outlook, By End User (2022-2030) ($MN)
40 Global Ultrasound Probes Market Outlook, By Hospitals (2022-2030) ($MN)
41 Global Ultrasound Probes Market Outlook, By Clinics (2022-2030) ($MN)
42 Global Ultrasound Probes Market Outlook, By Diagnostic Centers (2022-2030) ($MN)
43 Global Ultrasound Probes Market Outlook, By Ambulatory Surgical Centers (2022-2030) ($MN)
44 Global Ultrasound Probes Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
