The Asia Pacific ultrasound transducer market is expected to reach US$ 1,058.38 million by 2027 from US$ 776.12 million in 2019; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.
The growth of the Asia Pacific ultrasound transducer market is attributed to the growing medical device industry and increasing aging population in the region. On the other hand, the market growth is hindered by the shortage of healthcare workforce in Asia Pacific.
Elder population is more prone to chronic diseases, which increases the demand for advanced diagnostic technologies. South Korea is one of the world’s fastest aging countries. In 2019, 15.5% of the total population was 65 or older, and as per the Statistics Korea, the number is likely to reach 46.5% by 2067. Similarly, according to the China's National Bureau of Statistics, ~11.9% of China’s population (166.6 million people) was 65 or older at the end of 2018. Furthermore, the United Nations estimated that by 2050, ~366 million older Chinese adults will be aged 65 or more, which is larger than the total U.S. population (331 million). Additionally, according to the United Nations Population Fund and HelpAge India, the elderly population in India is expected to grow to 173 million by 2026. Moreover, the third-largest economy of the world, Japan has been facing the issue of aging population. As per the World Bank Group in 2019, ~28% of the Japanese population is aged 65 or more. Thus, growing aging population in Asia Pacific boosts the demand for ultrasound technology.
The Asia Pacific ultrasound transducer market based on product has been segmented into linear, convex, phased array, endocavitary, CW Doppler, tee probes, and others. The TEE probes segment is further segmented into 2D TEE probes, 3D TEE probes, and 4D TEE probes. Whereas, the age group is sub-segmented as adult and pediatric. The convex segment held the largest share of the North American market in 2019. However, the linear segment is estimated to register the highest CAGR in the market during the forecast period. The Asia Pacific ultrasound transducer market based on application has been segmented into cardiovascular, general imaging, musculoskeletal, OB AND GYN, and other. On the basis of end user, the Asia Pacific ultrasound transducer market has been segmented into hospitals, clinics, diagnostic centers, and ambulatory surgical centers.
A few of the major secondary sources referred to while preparing this report on the Asia Pacific ultrasound transducer market are Korea Health Industry Development Institute, Globocan, Korean Society of Ultrasound in Medicine, Malaysia Healthcare Travel Council, Japan’s Ministry of Health, Labour and Welfare (MHLW) Annual Pharmaceutical Production Statistics , and China National Bureau of Statistics
TABLE OF CONTENTS
1. Introduction 18 1.1 Scope of the Study 18 1.2 Research Report Guidance 18 1.3 Market Segmentation 20 1.3.1 Asia Pacific Ultrasound Transducer Market – By Product 21 1.3.2 Asia Pacific Ultrasound Transducer Market – By Application 22 1.3.3 Asia Pacific Ultrasound Transducer Market – By End User 22 1.3.4 Asia Pacific Ultrasound Transducer Market – By Country 22 2. Asia Pacific Ultrasound Transducer Market – Key Takeaways 24 3. Research Methodology 28 3.1 Coverage 29 3.2 Secondary Research 30 3.3 Primary Research 31 4. Asia Pacific Ultrasound Transducer Market Landscape 32 4.1 Overview 32 4.2 PEST Analysis 33 4.2.1 Asia Pacific Ultrasound Transducer Market - Asia Pacific PEST Analysis 33 4.3 Expert Opinion 35 5. Asia Pacific Ultrasound Transducer Market Key Market Dynamics 36 5.1 Key Market Drivers 36 5.1.1 Growing Medical Device Industry in Asia Pacific 36 5.1.2 Increasing Aging Population in Asia Pacific 37 5.2 Key Restraints 37 5.2.1 Shortage of Healthcare Workforce in Asia Pacific 37 5.3 Key Market Opportunities 38 5.3.1 Growing Medical Tourism in Asia 38 5.4 Future Trend 38 5.4.1 Organic and Inorganic Developments by the Market Players 38 5.5 Impact Analysis 39 6. Ultrasound Transducer Market – Asia Pacific Analysis 40 6.1 Asia Pacific Ultrasound Transducer Market Revenue Forecasts and Analysis 40 7. Ultrasound Transducer Market Analysis – By Product 41 7.1 Overview 41 7.2 Ultrasound Transducer Market Share, by Product, 2019 and 2027 (%) 41 7.3 Linear 42 7.3.1 Overview 42 7.3.2 Linear: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 42 7.4 Convex 43 7.4.1 Overview 43 7.4.2 Convex: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 43 7.5 Phased Array 44 7.5.1 Overview 44 7.5.2 Phased Array: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 44 7.6 Endocavitary 45 7.6.1 Overview 45 7.6.2 Endocavitary: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 45 7.7 CW Doppler 46 7.7.1 Overview 46 7.7.2 CW Doppler: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 46 7.8 TEE Probes 47 7.8.1 Overview 47 7.8.2 TEE Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 47 7.8.2.1 2D TEE Probes 48 7.8.2.1.1 Overview 48 7.8.2.1.2 2D TEE Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 48 7.8.2.2 3D TEE Probes Market 49 7.8.2.2.1 Overview 49 7.8.2.2.2 3D Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 49 7.8.2.3 4D TEE Probes Market 50 7.8.2.3.1 Overview 50 7.8.2.3.2 4D TEE probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 50 7.8.3 TEE Probes, Age Group 51 7.8.3.1 Adults 51 7.8.3.1.1 Overview 51 7.8.3.1.2 Adults: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 51 7.8.3.2 Pediatric 52 7.8.3.2.1 Overview 52 7.8.3.2.2 Pediatric: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 52 7.9 Others 53 7.9.1 Overview 53 7.9.2 Others: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 53 8. Ultrasound Transducer Market Analysis – By Application 54 8.1 Overview 54 8.2 Ultrasound Transducer Market Share, by Application, 2019 and 2027 (%) 54 8.3 Cardiovascular 55 8.3.1 Overview 55 8.3.2 Cardiovascular: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 55 8.4 General Imaging 56 8.4.1 Overview 56 8.4.2 General Imaging: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 56 8.5 Musculoskeletal 57 8.5.1 Overview 57 8.5.2 Musculoskeletal: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 57 8.6 OB AND GYN 58 8.6.1 Overview 58 8.6.2 OB and GYN: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 58 8.7 Vascular 59 8.7.1 Overview 59 8.7.2 Vascular: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 59 8.8 Others 60 8.8.1 Overview 60 8.8.2 Others: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 60 9. Ultrasound Transducer Market – By End-User 61 9.1 Overview 61 9.2 Ultrasound Transducer Market, by End-User, 2019 and 2027 (%) 61 9.3 Hospitals 62 9.3.1 Overview 62 9.3.2 Hospitals: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 62 9.4 Ambulatory Surgical Centers 64 9.4.1 Overview 64 9.4.2 Ambulatory Surgical Centers: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 64 9.5 Clinics 65 9.5.1 Overview 65 9.5.2 Clinics: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 65 9.6 Diagnostics Centers 66 9.6.1 Overview 66 9.6.2 Diagnostic Centers: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 66 10. Ultrasound Transducer Market Revenue and Forecasts To 2027 – Geographical Analysis 67 10.1 Asia Pacific Ultrasound Transducer Market Revenue and Forecasts To 2027 67 10.1.1 Overview 67 10.1.2 Asia Pacific: Ultrasound Transducer Market - Revenue and Forecast to 2027 (USD Million) 69 10.1.3 Asia Pacific Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 70 10.1.3.1 Asia Pacific TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 71 10.1.3.2 Asia Pacific TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 71 10.1.4 Asia Pacific Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 72 10.1.5 Asia Pacific Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 73 10.1.6 Asia Pacific: Ultrasound Transducer Market, by Country, 2019 & 2027 (%) 74 10.1.7 China: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 75 10.1.7.1 China: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 76 10.1.7.2 China Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 77 10.1.7.2.1 China TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 78 10.1.7.2.2 China TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 78 10.1.7.3 China Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 79 10.1.7.4 China Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 80 10.1.8 Japan: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 81 10.1.8.1 Japan: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 81 10.1.8.2 Japan Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 83 10.1.8.2.1 Japan TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 84 10.1.8.2.2 Japan TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 84 10.1.8.3 Japan Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 85 10.1.8.4 Japan Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 86 10.1.9 India: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 87 10.1.9.1 India: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 88 10.1.9.2 India Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 89 10.1.9.2.1 India TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 90 10.1.9.2.2 India TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 90 10.1.9.3 India Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 91 10.1.9.4 India Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 92 10.1.10 South Korea: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 93 10.1.10.1 South Korea: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 94 10.1.10.2 South Korea Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 95 10.1.10.2.1 South Korea TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 96 10.1.10.2.2 South Korea TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 96 10.1.10.3 South Korea Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 97 10.1.10.4 South Korea Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 98 10.1.11 Australia: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 99 10.1.11.1 Australia: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 99 10.1.11.2 Australia Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 100 10.1.11.2.1 Australia TEE Probes Market, by Type – Revenue and Forecast to 2027 (USD Million) 101 10.1.11.2.2 Australia TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 102 10.1.11.3 Australia Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 102 10.1.11.4 Australia Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 103 11. Impact of COVID-19 Pandemic on Global Ultrasound Transducer Market 104 11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic 104 12. Company Profiles 106 12.1 Shenzhen Mindray Bio-Medical Electronics Co., Ltd. 106 12.1.1 Key Facts 106 12.1.2 Business Description 106 12.1.3 Products and Services 107 12.1.4 Financial Overview 107 12.1.5 SWOT Analysis 107 12.1.6 Key Developments 109 12.2 Fujifilm Corporation 110 12.2.1 Key Facts 110 12.2.2 Business Description 110 12.2.3 Products and Services 111 12.2.4 Financial Overview 112 12.2.5 SWOT Analysis 113 12.2.6 Key Developments 115 12.3 Hitachi, Ltd. (Hitachi Medical Systems Europe Holding AG) 116 12.3.1 Key Facts 116 12.3.2 Business Description 116 12.3.3 Products and Services 117 12.3.4 Financial Overview 117 12.3.5 SWOT Analysis 119 12.3.6 Key Developments 121 12.4 Samsung (Samsung Medison Co Ltd) 122 12.4.1 Key Facts 122 12.4.2 Business Description 122 12.4.3 Products and Services 123 12.4.4 Financial Overview 124 12.4.5 SWOT Analysis 126 12.4.6 Key Developments 128 12.5 SIUI 129 12.5.1 Key Facts 129 12.5.2 Business Description 129 12.5.3 Products and Services 129 12.5.4 Financial Overview 130 12.5.5 SWOT Analysis 130 12.5.6 Key Developments 131 13. Appendix 132 13.1 About 132 13.2 Glossary of Terms 132
LIST OF TABLES
Table 1. Asia Pacific Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 70 Table 2. Asia Pacific TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 71 Table 3. Asia Pacific TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 71 Table 4. Asia Pacific Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 72 Table 5. Asia Pacific Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 73 Table 6. China Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 77 Table 7. China TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 78 Table 8. China TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 78 Table 9. China Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 79 Table 10. China Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 80 Table 11. Japan Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 83 Table 12. Japan TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 84 Table 13. Japan TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 84 Table 14. Japan Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 85 Table 15. Japan Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 86 Table 16. India Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 89 Table 17. India TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 90 Table 18. India TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 90 Table 19. India Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 91 Table 20. India Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 92 Table 21. South Korea Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 95 Table 22. South Korea TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 96 Table 23. South Korea TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 96 Table 24. South Korea Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 97 Table 25. South Korea Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 98 Table 26. Australia Ultrasound Transducer Market, by Product – Revenue and Forecast to 2027 (USD Million) 100 Table 27. Australia TEE Probes Market, by Type– Revenue and Forecast to 2027 (USD Million) 101 Table 28. Australia TEE Probes Market, by Age Group – Revenue and Forecast to 2027 (USD Million) 102 Table 29. Australia Ultrasound Transducer Market, by Application– Revenue and Forecast to 2027(USD Million) 102 Table 30. Australia Ultrasound Transducer Market, by End User – Revenue and Forecast to 2027 (USD Million) 103 Table 31. Glossary of Terms, Asia Pacific Ultrasound Transducer Market 132
LIST OF FIGURES
Figure 1. Ultrasound Transducer Market Segmentation 20 Figure 2. Asia Pacific Ultrasound Transducer Market Overview 24 Figure 3. Convex Segment Held Largest Share of Ultrasound Transducer Market 25 Figure 4. Japan Is Expected to Show Remarkable Growth During the Forecast Period 26 Figure 5. Asia Pacific Ultrasound Transducer Market- Leading Country Markets (US$ Mn) 27 Figure 6. Asia Pacific PEST Analysis 33 Figure 7. Ultrasound Transducer Market Impact Analysis of Drivers and Restraints 39 Figure 8. Asia Pacific Ultrasound Transducer Market – Revenue Forecasts and Analysis – 2019- 2027 40 Figure 9. Ultrasound Transducer Market Share, by Product, 2019 and 2027 (%) 41 Figure 10. Linear: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 42 Figure 11. Convex : Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 43 Figure 12. Phased Array: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 44 Figure 13. Endocavitary: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 45 Figure 14. CW Doppler: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 46 Figure 15. TEE Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 47 Figure 16. 2D TEE Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 48 Figure 17. 3D Probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 49 Figure 18. 4D TEE probes: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 50 Figure 19. Adults: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 51 Figure 20. Pediatric: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 52 Figure 21. Others: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 53 Figure 22. Ultrasound Transducer Market Share, by Application, 2019 and 2027 (%) 54 Figure 23. Cardiovascular: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 55 Figure 24. General Imaging: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 56 Figure 25. Musculoskeletal: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 57 Figure 26. OB and GYN: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 58 Figure 27. Vascular: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 59 Figure 28. Others: Ultrasound Transducer Market– Revenue and Forecast to 2027 (US$ Million) 60 Figure 29. Ultrasound Transducer Market, by End-User, 2019 and 2027 (%) 61 Figure 30. Hospitals: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 63 Figure 31. Ambulatory Surgical Centers: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 64 Figure 32. Clinics: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 65 Figure 33. Diagnostic Centers: Ultrasound Transducer Market – Revenue and Forecast to 2027 (US$ Million) 66 Figure 34. Asia Pacific: Ultrasound Transducer Market, by Key Country – Revenue (2019) (USD Million) 68 Figure 35. Asia Pacific Ultrasound Transducer Market Revenue and Forecast to 2027 (USD Million) 69 Figure 36. Asia Pacific: Ultrasound Transducer Market, by Country, 2019 & 2027 (%) 74 Figure 37. China: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 76 Figure 38. Japan: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 82 Figure 39. India: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 88 Figure 40. South Korea: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 94 Figure 41. Australia: Ultrasound Transducer Market – Revenue and Forecast to 2027 (USD Million) 100 Figure 42. Impact of COVID-19 Pandemic in Asia Pacific Country Markets 105
The List of Companies - Asia Pacific Ultrasound Transducer Market
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- General Electric Company
- Samsung (Samsung Medison Co Ltd)
- Esaote SpA