Diagnostic Ultrasound to Dominate the India Ultrasound Systems Market through FY2027
Rising geriatric population and
increasing therapy techniques are expected to drive the demand for India ultrasound
systems market in the forecast period.
According to TechSci Research report, “India
Ultrasound Systems Market By Technology (Diagnostic Ultrasound v/s
Therapeutic Ultrasound), By Display Type (Colored v/s Black & White), By
Mobility (Fixed v/s Mobile), By Application (Obstetrics/Gynecology, General
Imaging, Cardiology, Urology), By End User (Hospitals & Clinics, Diagnostic
Centers, Others), By Company, By Region, Forecast & Opportunities, FY2027”,
India Ultrasound Systems market is expected to witness steady growth for the
next five years. Ultrasound uses high frequency waves to take images of internal organs, which are then interpretated by healthcare
professionals to detect abnormalities in patient’s body. Earlier, application
of ultrasound systems was limited to radiology, cardiology, gynecology, and
from past few years it has expanded to clinical specialties such as
musculoskeletal, surgery, among others. Introduction of government initiative
Ayushman Bharat is expected to contribute to huge spike in the market demand.
Introduction of 3D and 4D technology to provide real time enhanced images of
fetus and improved image visualization power, in addition to increasing
awareness about breast cancer and early diagnosis benefits is expected to
bolster the ultrasound market demand.
Due to the sudden outbreak of COVID-19 pandemic
in FY2020, lockdown was imposed all over the country. Complete shutdown was observed,
and people started practicing social distancing and avoided going out to avail
healthcare facilities. Change in regulations and guidelines by leading
authorities is impacting the market growth. Manufacturing units were shutdown
which created a disruption in supply chains which hampered the market for
ultrasound systems.
However, shortage of skilled technicians and
initial high cost for ultrasound systems may hamper market growth in the
forecast period.
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India ultrasound systems market is segmented into technology,
display type, mobility, application, end user, region, and company. Based on technology,
market is bifurcated into diagnostic ultrasound and therapeutic ultrasound. Diagnostic
ultrasound uses high-frequency sound waves and comprises of 2D, 3D & 4D and
doppler ultrasound techniques while therapeutic ultrasound uses sound wave
above hearing range, and it does not produce image and includes shockwave
lithotripsy and focused ultrasound techniques. Diagnostic ultrasound segment is
expected to account for major market share as there is an increased demand for
2D ultrasound technology in determining the condition of women’s body.
Technological advancements to upgrade the diagnostic ultrasound infrastructure
is expected to fuel the market demand. Government initiative to provide
reimbursement facility to avail diagnostic procedures is aiding to the market
growth. On the basis of application, the market is divided into obstetrics/gynecology,
general imaging, cardiology, and urology. General imaging segment is expected
to hold lion’s share for the next five years. Increasing incidences of terminal
diseases such as cancer and tissue biopsy is fostering the market demand. Rising
adoption of focused ultrasound in disease therapies is also influencing the
ultrasound systems market growth. Based on display type, market is fragmented
into colored and black & white. Colored segment is expected to play a
significant role during the predicted period. Accurate visualization and
high-resolution images are the other two contributing factors. Color patterns
help in identification of tissues based on color. Based on end user, market is categorised into
hospitals & clinics, diagnostic centers and others. Hospitals & clinics
segment is expected to dominate the market for the forecast period owing to
government initiatives to promote the healthcare sector. Growing number of
hospitals across the country and substantial number of ultrasound procedures
performed in hospitals is expected to contribute to the high market demand.
Philips India Limited, Wipro GE Healthcare Pvt. Ltd., Siemens
Healthineers India, Fujifilm India Private Limited, Canon India Pvt. Ltd.,
Konica Minolta Healthcare India Pvt Ltd, Trivitron Healthcare Pvt. Ltd.,
Mindray Medical India Pvt Ltd, Hitachi India Pvt. Ltd., Carestream Health India
Pvt. Ltd. are the leading players operating in India ultrasound systems market.
Manufacturers are increasingly focusing on research and development process to
fuel higher growth in the market. To meet evolving customer demand with respect
to better efficiency and durability, several ultrasound systems manufacturers are
coming up with their technologically advanced offerings.
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“Emerging
technological inventions such as doppler ultrasound in vascular imaging and
3D/4D ultrasound technology is fueling the market demand. Image-guided
procedures and minimally invasive therapies are in high demand from healthcare
facilities. Growing demand for high intensity focused ultrasound for cosmetic
treatment of skin, such as for face lifts and firm skin. Expansion in
application of ultrasound systems and development of easy to operate systems is
expected to propel the market demand until FY2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India Ultrasound
Systems Market By Technology (Diagnostic Ultrasound v/s Therapeutic Ultrasound),
By Display Type (Colored v/s Black & White), By Mobility (Fixed v/s Mobile),
By Application (Obstetrics/Gynecology, General Imaging, Cardiology, Urology), By
End User (Hospitals & Clinics, Diagnostic Centers, Others), By Company, By
Region, Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India ultrasound systems market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of India ultrasound systems market.
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