Global Medical Ultrasound Probe Market Growth 2019-2024

Ultrasound probe is an essential part of the ultrasonic diagnostic instrument, it can not only transform the electrical signal into ultrasonic signal, but also the ultrasonic signal into electrical signals, with ultrasonic transmission and reception of dual functions.
The global Medical Ultrasound Probe industry has a rather high concentration. The major manufacturers are concentrated in North America, Europe and Asia Pacific, such as GE, Siemens, Philips, SonoSite and Toshiba. At present, GE is the world leader, holding 15.77% sales market share in 2016.

The global consumption of Medical Ultrasound Probe increases from 703.46 K Units in 2012 to 935.66 K Units in 2016, at a CAGR of more than 7.39%. In 2016, the global Medical Ultrasound Probe consumption market is led by North America and North America is the largest region consumption market accounting for about 32.40% of global consumption of Medical Ultrasound Probe.

Medical Ultrasound Probe downstream is wide and recently Medical Ultrasound Probe has acquired increasing significance in various fields of Ophthalmology, Cardiology, Abdomen, Uterus and others. Globally, the Medical Ultrasound Probe market is mainly driven by growing demand for Abdomen. Abdomen accounts for nearly 58.70% of total downstream consumption of Medical Ultrasound Probe.

Medical Ultrasound Probe can be mainly divided into Linear Type, Convex Type, Phased Array Type and Endocavitary Type which Convex Type captures about 49.12% of Medical Ultrasound Probe market in 2016. According to our research and analysis, manufacturers from North America are the major leaders in the international market of Medical Ultrasound Probe.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Medical Ultrasound Probe consumption will show a trend of steady growth. In 2023 the consumption of Medical Ultrasound Probe is estimated to be 1333.31 K Units. On product prices, the slow downward trend in recent years will maintain in the future.


According to this study, over the next five years the Medical Ultrasound Probe market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 3860 million by 2024, from US$ 3180 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Medical Ultrasound Probe business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Ultrasound Probe market by product type, application, key manufacturers and key regions and countries.

This study considers the Medical Ultrasound Probe value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Linear Type
Convex Type
Phased Array Type
Endocavitary Type
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Ophthalmology
Cardiology
Abdomen
Uterus
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
GE
Philips
Siemens
SonoSite
Toshiba
Samsung Medison
Hitachi
Esaote
Mindray
SIUI
Shenzhen Ruqi
SonoScape
Jiarui

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Medical Ultrasound Probe consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Medical Ultrasound Probe market by identifying its various subsegments.
Focuses on the key global Medical Ultrasound Probe manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medical Ultrasound Probe with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Medical Ultrasound Probe submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.