Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Phased array ultrasonic transducers play a major role in modern healthcare, as phase array ultrasonic transducers are an advanced method of ultrasonic testing, which are prominently used in medical imaging and industrial non-destructive testing. Phased array ultrasonic transducers are used in medical ultrasonography, a technique which is used to create an image of internal body structures such as blood vessel, joint muscles, tendons, and internal organs to find the main source of disease conditions. Moreover, there are some limitation of phased array ultrasonic transducer such as difficulty in operation and data interpretations and difficulty in achieving good ultrasonic coupling due to larger probe dimension.

Moreover, according to Reproductive Health Report published in 2018, obstetric ultrasound is proving very beneficial due to easy access, proper evidence of disease cause after diagnostic procedures, and high utility, effectiveness, and cost-effective for low and middle income countries. These factors are driving growth of the global phased array ultrasonic transducer market.

The global phased array ultrasonic transducer market size is estimated to be valued at US$ 525.6 million in 2020 and is expected to exhibit a CAGR of 4.80 % over the forecast period (2020-2027).

Figure 1. Global Phased Array Ultrasonic Transducers Market, by Market Value (US$ Mn), 2016-2027

Phased Array Ultrasonic Transducer  | Coherent Market Insights

Rising incidence of heart disease conditions globally such as heart attacks and coronary artery diseases are resulting in increasing demand for phased array ultrasonic transducers for medical ultrasonography. For instance, according to World Health Organization, in 2017, approximately 17.9 people died due to cardiovascular diseases globally and accounted for 31% of global deaths due to cardiovascular disease conditions.

Furthermore, North America is expected to drive demand for phase array ultrasonic transducer for cardiac examination, owing to increasing prevalence of cardiovascular diseases. For instance, according to the Centers for Disease Control and Prevention Report published in 2020, approximately 18.2 million adults of age above 30 are suffering from coronary artery disease in U.S.

request-sample

Phased Array Transducer Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 525.6 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.80 % 2027 Value Projection: US$ 729.1 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of the Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Linear Array, Annular Array, Circular Array.
  • By Application: Cardiovascular, Neurological, Renal, Gynecology, Others.
  • By End User: Hospitals, Specialty Clinics, Academic and Research Institutes, Others.
Companies covered:

B K Medical Systems Inc, Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, SonoScape Medical Corp, Edan Instruments Inc, Samsung Healthcare, Mindray Medical International Limited, Esaote, FUJIFILM Medical Systems, Siemens Healthineers AG, Canon Medical Systems Corporation, and Butterfly Network Inc

Growth Drivers:
  • Strong product pipeline and approval of new phased array ultrasonic transducers
  • Mergers and acquisitions by key companies
  • Innovation and development of advanced technology in ultrasonic transducers
Restraints & Challenges:
  • Difficulty in operation and data interpretation of results
  • Difficulty in achieving good ultrasonic coupling due to larger probe dimension

Global Phased Array Ultrasonic Transducer Market – Impact of Coronavirus (Covid-19)

Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus (COVID-19) has resulted in more than 33.4 million infected individuals worldwide as of September 29, 2020.

Moreover, in April 2020, GE Healthcare, a leading company in manufacturing and distribution of medical devices in the U.S., stated that handheld ultrasonic transducers are very efficient, easy to handle, and also stated that it is easy to use handheld ultrasonic transducers during examination of COVID-19 patients rather than big medical imaging equipment.

Figure 2. Global Phased Array Transducer Market Share (%), by Region, 2020

Phased Array Ultrasonic Transducer  | Coherent Market Insights

In North America, key companies are focusing on product approvals and product launches to strengthen their position in the phase array ultrasonic transducer market. For instance, in 2016, GE Healthcare, a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals, received premarketing approval for LOGIQ V5 Expert, LOGIQ V5, and LOGIQ V3 from the U.S. Food Drug and Administration. LOGIQ V5 Expert, LOGIQ V5, and LOGIQ V3 are ultrasonic transducers with applications such as cardiac examination, breast and abdominal examinations, peripheral vascular examination, and 3D imaging mode.

The Europe phased array ultrasonic transducer market is expected to show significant growth during the forecast period, owing to increasing focus of key companies on product launches and product approvals. For instance, in 2018, Koninklijke Philips N.V, received approval for Philips EPIQ and Affiniti ultrasound system from the U.S. Food Drug and Administration and CE mark from European Union. Philips EPIQ and Affiniti ultrasound system can be used in elastography, combined screening, breast ultrasound screening, and precision biopsy.

Key Players

Major players operating in the global phased array ultrasonic transducer market include B K Medical Systems Inc, Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, SonoScape Medical Corp, Edan Instruments Inc, Samsung Healthcare, Mindray Medical International Limited, Esaote, FUJIFILM Medical Systems, Siemens Healthineers AG, Canon Medical Systems Corporation, and Butterfly Network Inc

The global phased array ultrasonic transducer market includes ultrasonic transducers such as linear, annular, and circular array transducers used in medical ultrasonography applications such as brain examinations, cardiac examinations, abdominal examinations, vascular examinations, and gynecology. Moreover, ultrasonic transducers are very effective in analyzing and diagnosis of lesions formed in pleural region of lungs in COVID-19 patients during this pandemic. An ultrasound transducer, also called a probe, is a device that produces sound waves that bounce off body tissues and make echoes. The transducer receives the echoes and sends them to a computer that uses them to create an image called sonogram. Moreover, the essential element of each ultrasound transducer is a piezoelectric crystal, which serves to generate as well as receive ultrasound waves.

Market Dynamics

Technological innovations and developments in phased array ultrasonic transducers is contributing to the market growth. For instance, in 2019, Koninklijke Philips N.V launched next generation EPIQ Elite ultrasound system, a premium ultrasound transducer innovation. EPIQ Elite ultrasound system is used in vascular examinations, obstetrics & gynecology examinations, and delivers extraordinary image quality and 3D scans to provide advanced fetal assessment during all stages of pregnancy.

Key features of the study:

  • This report provides in-depth analysis of the global phased array ultrasonic transducers market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new drug launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global phased array ultrasonic transducers market based on the following parameters – company overview, financial performance, drugs portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include B K Medical Systems Inc, Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, SonoScape Medical Corp, Edan Instruments Inc, Samsung Healthcare, Mindray Medical International Limited, Esaote, FUJIFILM Medical Systems, Siemens Healthineers AG, Canon Medical Systems Corporation, and Butterfly Network Inc
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future medical device launches, market expansion, and marketing tactics
  • The global phased Array report caters to various stakeholders in this industry including investors, suppliers, drugs manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global phased array ultrasonic transducers market

Detailed Segmentation:

  • Global Phased Array Ultrasonic Transducers, By Type:
    • Linear Array
    • Annular Array
    • Circular Array
  • Global Phased Array Ultrasonic Transducers, By Application:
    • Cardiovascular
    • Neurological
    • Renal
    • Gynecology
    • Others
  • Global Phased Array Ultrasonic Transducers, By End User:
    • Hospitals
    • Specialty Clinics
    • Academic and Research Institutes
    • Others
  • Global Phased Array Ultrasonic Transducers, By Region:
    • North America
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country/Region:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Type:
        • Linear Array
        • Annular Array
        • Circular Array
      • By Application:
        • Cardiovascular
        • Neurological
        • Renal
        • Gynecology
        • Others
      • By End User:
        • Hospital
        • Specialty Clinics
        • Academic and Research Institutes
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • B K Medical Systems Inc *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Koninklijke Philips N.V
    • GE Healthcare
    • Spacelabs Healthcare
    • SonoScape Medical Corp
    • Edan Instruments Inc
    • Samsung Healthcare
    • Mindray Medical International Limited
    • Esaote
    • FUJIFILM Medical Systems
    • Siemens Healthineers AG
    • Canon Medical Systems Corporation
    • Butterfly Network Inc

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Impact Analysis
    • Technological Evolution
    • Regulatory Scenario
    • Key Developments
    • Collaboration and Acquisition
    • Diagnosis Rate/Ratio
    • Pipeline Analysis
    • PEST Analysis
    • Reimbursement Scenario
  4. Global Phased Array Ultrasonic Transducer Market, Impact of COVID-19
    • COVID19 Impact
    • Economic Impact
    • Demand and Supply Impact Analysis
  5. Global Phased Array Ultrasonic Transducer Market, By Type, 2016-2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • Linear Array
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Annular Array
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Circular Array
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
  6. Global Phased Array Ultrasonic Transducer Market, By Application, 2016–2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • Cardiovascular
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Neurological
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Renal
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Gynecology
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
  7. Global Phased Array Ultrasonic Transducer Market, By End User, 2016–2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • Hospitals
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Specialty Clinics
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Advance and Research Institutes
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
  8. Global Phased Array Ultrasonic Transducers, By Region, 2016–2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Countries, 2017–2027
    • North America
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
      • Germany
        • U.K.
        • France       
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016–2027 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, By Type, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By End User, 2016–2027 (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016–2027 (US$ Mn)
      • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Company Profiles
      • B K Medical Systems Inc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Spacelabs Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SonoScape Medical Corp
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Edan Instruments Inc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Samsung Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mindray Medical International Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Esaote
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • FUJIFILM Medical Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Siemens Healthineers AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Canon Medical Systems Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Butterfly Network Inc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies

*Browse 33 market data tables and 32 figures on "Global Phased Array Ultrasonic Transducer Market – Global forecast to 2027”.

Frequently Asked Questions

The global phased array ultrasonic transducer market size is estimated to be valued at US$ 525.6 million in 2020 and is expected to exhibit a CAGR of 4.80 % between 2020 and 2027.
Strong product pipeline, product approval and product launches of new ultrasonic transducers, and innovation and development of advanced technology in ultrasonic transducers are driving growth of the global phased array ultrasonic transducer market.
Cardiovascular segment is estimated to hold major market share in 2020, owing to increasing prevalence of cardiovascular disease conditions such as coronary heart diseases, rheumatoid heart diseases, and others.
North America is estimated to generate highest revenue share in 2020 in the global phased array ultrasonic transducer market.
Difficulty in operation and data interpretations and difficulty in achieving good ultrasonic coupling due to larger probe dimension are key factors hampering growth of the market.
Major players operating in the global phased array ultrasonic transducer market include B K Medical Systems Inc, Koninklijke Philips N.V., GE Healthcare, Spacelabs Healthcare, SonoScape Medical Corp, Edan Instruments Inc, Samsung Healthcare, Mindray Medical International Limited, Esaote, FUJIFILM Medical Systems, Siemens Healthineers AG, Canon Medical Systems Corporation, and Butterfly Network Inc
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner