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, Applicatio

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.

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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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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
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