Transducer Segment of Ultrasound Market On the Move

Diagnostic ultrasound, also called sonography or diagnostic medical sonography, is a noninvasive imaging method that utilizes high-frequency sound waves to produce images of structures within the human body. The images can provide valuable information for diagnosing and treating a variety of diseases and conditions, as explained by PR Newswire.

Ultrasound is sound that is defined as frequency above 20,000 Hertz (Hz). The frequencies that medical ultrasound transducers produce and use in diagnostic radiology range from 2 MHz to approximately 15 MHz, depending on their application. Medical ultrasound transducers often contain more than one operating frequency.

For example, a 2.5 MHz frequency is used for deep abdomen, obstetric and gynecological imaging whereas a frequency of 15.0 MHz is used for superficial structures and musculoskeletal imaging.

The global market for medical ultrasound devices is expected to reach $9.9 billion by 2021 from $7.3 billion in 2016, rising at a compound annual growth rate (CAGR) of 6.4 percent from 2016 through 2021, according to a BCC Research report.

“In terms of technology, ultrasound is constantly moving towards greater mobility. Diagnostics as an industry is moving towards using non-ionizing technologies for imaging such as MRI and capsule endoscopy.”

The Asia-Pacific market is the largest regional market for medical ultrasound devices. The market is expected to grow from $2.4 billion in 2016 to $3.7 million in 2021 at a CAGR of 9.5 percent for the period 2016-2021. The Latin American market for medical ultrasound devices is expected to grow from $576 million in 2016 to $847 million in 2021 at a CAGR of 8.0 percent for the period 2016-2021.

Another report also predicts continued growth.

The report “Global Diagnostic Ultrasound Devices Market Assessment & Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting Group reveals that global diagnostic ultrasound devices market was valued at $5.4 billion in 2014 and expected to grow to $7.5 billion by 2019 at a CAGR of 6.8 percent from 2015 to 2019.

“In terms of technology, ultrasound is constantly moving towards greater mobility. Diagnostics as an industry is moving towards using non-ionizing technologies for imaging such as MRI and capsule endoscopy,” according to Spearhead Acuity Business Research & Consulting Group. “There are an increasing number of companies such as Rivanna Medical and Signostics that are introducing hand-held and portable ultrasound. Due to the relative safety, and the non-invasive nature, ultrasonic imaging has become one of the most rapidly advancing technologies. Along with this, companies are now introducing wireless transducers such as Acuson Freestyle that are able to send images of internal organs such as kidneys, heart and lungs without worrying about troublesome cables or moving bulky machines around in a patient’s room.”

This growth will also power the ultrasound probe and transducer market segment, especially as new technological advancements are made.

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