India Ultrasound System Market By Technology (Diagnostic Ultrasound v/s Therapeutic Ultrasound), By Display Type (Black & White v/s Colored), By Mobility (Fixed v/s Mobile), By Equipment Type (Refurbished v/s New), By Source (Import v/s Domestic), By Application (Obstetrics/Gynecology, General Imaging, Cardiology, Urology), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2027

India ultrasound system market stood at USD489.91 million in 2021 and is expected to grow at a CAGR of around 6.43% during the forecast period on account of increasing advancements in the overall ultrasound workflow along with the integration of technologies such as Artificial Intelligence into an ultrasound system. Furthermore, advancements in 3-D ultrasound and new ultrasound visualization methods are expected to influence the growth of India ultrasound systems market positively.

Furthermore, ultrasound machine manufacturers are moving beyond basic 2D and 3D imaging. They are coming up with new ways to reconstruct and new displays to make things easier to see, interpret, and understand. New imaging techniques are being developed to address fetal, heart, and brain imaging specifically. All these factors are expected to create lucrative opportunities for the overall ultrasound system market growth through 2027.

Growing Prevalence of Chronic Diseases

The growing prevalence of various chronic diseases such as cardiovascular diseases, renal disorders, and cancer is expected to increase the demand for ultrasound systems for diagnostic and therapeutic purposes, thereby positively influencing the market growth. According to the global cancer observatory (Globocan), around 1,324,413 new cancer cases were reported in India in 2020. Out of these, 646,030 new cancer cases were reported in males, while in females, the number of newly reported cancer cases was around 678,383. Most observed cancers in men were lip, oral cavity, lung, stomach, colorectum and esophagus. In females, the most observed cancers were breast, cervix uteri, ovary, lip, oral cavity and colorectum.

Increasing Healthcare Awareness

The growing healthcare awareness among the population across India, especially in tier-1 cities, in terms of early disease diagnosis and treatment, is expected to support the growth of the India ultrasound systems market during the forecast period. Furthermore, initiatives taken by the government, non-governmental organizations, different hospitals and diagnostic centers to create awareness related to preventive medicine are further expected to drive the market growth through 2027.

Improvising Healthcare Infrastructure

The improving healthcare infrastructure across the country has led to an increase in the number of new hospitals and diagnostic laboratories establishments. Additionally, the Indian government is continuously investing in upgrading the existing hospitals' infrastructure. For instance, on March 26th, 2022, the Delhi government announced that it would be upgrading 15 hospitals and building 4 new hospital facilities in Delhi. This, in turn, is expected to create lucrative opportunities for the growth of ultrasound systems.

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Market Segmentation

The India ultrasound system market is segmented based on technology, display type, mobility, equipment type, source, application, end user, company, and regional distribution. Based on technology, the market can be split into diagnostic ultrasound and therapeutic ultrasound. Based on display type, the market can be divided into black & white and colored. Based on mobility, the market is bifurcated into fixed and mobile. In terms of equipment type, the market can be bifurcated into refurbished and new. Based on source, the market can be divided into domestic and import. Based on application, the market can be segmented into obstetrics/gynecology, general imaging, cardiology, urology. Based on end user, the market is categorized into hospitals & clinics, diagnostic centers, and others. Regionally, North India is expected to dominate the market with an overall market share of around 30.20% in 2021. This can be attributed to a large number of hospitals and diagnostic centers in the region.

Company Profiles

Philips India Limited, Wipro GE Healthcare Private Limited, Trivitron Healthcare Private Limited, Hitachi India Private Limited, Konica Minolta Healthcare India Private Limited, Siemens Healthcare Private Limited, Fujifilm Sonosite India Private Limited, Canon Medical India Private Limited, Mindray Medical India Private Limited, BPL Medical Technologies Private Limited, among others are some of the major companies operating in the India ultrasound system market.

Report Scope:

In this report, India Ultrasound System market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Ultrasound System Market, By Technology:
• Diagnostic
• Therapeutic
• India Ultrasound System Market, By Display Type:
• Black & White
• Colored
• India Ultrasound System Market, By Type Mobility
• Fixed
• Mobile
• India Ultrasound System Market, By Equipment Type:
• Refurbished
• New
• India Ultrasound System Market, By Source:
• Import
• Domestic
• India Ultrasound System Market, By Application:
• Obstetrics/Gynecology
• General Imaging
• Cardiology
• Urology
• India Ultrasound System Market, By End User:
• Hospitals & Clinics
• Diagnostic Centers
• Others
• India Ultrasound System Market, By Region:
• North
• South
• West
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Ultrasound System market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).