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.

Attribute

Details

Market size value in FY2021

USD489.91 Million

Revenue Forecast in FY2027

USD705.12 Million

Growth Rate

6.43%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

  • Technology
  • Display Type
  • Mobility
  • Equipment Type
  • Source
  • Application
  • End User

Regional Scope

North; South; West; East

Key Companies Profiled

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

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Ultrasound Systems Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Demand, By Technology

5.3.  Demand, By Display Type

5.4.  Preference, By Mobility

5.5.  Demand, By Equipment Type

6.    India Ultrasound Systems Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     Market Share & Forecast

6.2.2.     By Technology (Diagnostic Ultrasound v/s Therapeutic Ultrasound)

6.2.3.     By Display Type (Colored v/s Black & White)

6.2.4.     By Mobility (Fixed v/s Mobile)

6.2.5.     By Equipment Type (New v/s Refurbished)

6.2.6.     By Source (Domestic v/s Import)

6.2.7.     By Application (Obstetrics/Gynecology, General Imaging, Cardiology, Urology)

6.2.8.     By End User (Hospitals & Clinics, Diagnostic Centers, Others)

6.2.9.     By Region

6.2.10.  By Company (2021)

6.3.  Market Map

7.    India Diagnostic Ultrasound Systems Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Type (2D Ultrasound, 3D&4D Ultrasound, Doppler Ultrasound)

7.2.2. By Display Type

7.2.3. By Mobility

7.2.4. By Application

7.2.5. By End User

8.    India Therapeutic Ultrasound Systems Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type (High-Intensity Focused Ultrasound (HIFU) v/s Extracorporeal Shockwave Lithotripsy (ESWL))

8.2.2.     By Display Type

8.2.3.     By Mobility

8.2.4.     By Application

8.2.5.     By End User

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends and Developments

11.  Policy & Regulatory Landscape

12.  Import-Export Analysis

13.  India Economic Profile

14.  Competitive Landscape

14.1.              Philips India Limited

14.2.              Wipro GE Healthcare Private Limited

14.3.              Trivitron Healthcare Private Limited

14.4.              Hitachi India Private Limited

14.5.              Konica Minolta Healthcare India Private Limited

14.6.              Siemens Healthcare Private Limited

14.7.              Fujifilm Sonosite India Private Limited

14.8.              Canon Medical India Private Limited

14.9.              Mindray Medical India Private Limited

14.10.            BPL Medical Technologies Private Limited

15.  Strategic Recommendations

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1: India Ultrasound Systems Market Size, By Value (USD Million), 2017-2027F

    Figure 2: India Ultrasound Systems Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 3: India Ultrasound Systems Market Share, By Technology, By Value, 2017-2027F

    Figure 4: India Ultrasound Systems Market Share, By Display Type, By Value, 2017-2027F

    Figure 5: India Ultrasound Systems Market Share, By Mobility, By Value, 2017-2027F

    Figure 6: India Ultrasound Systems Market Share, By Equipment Type, By Value, 2017-2027F

    Figure 7: India Ultrasound Systems Market Share, By Source, By Value, 2017-2027F

    Figure 8: India Ultrasound Systems Market Share, By Application, By Value, 2017-2027F

    Figure 9: India Ultrasound System Market Share, By End User, By Value, 2017-2027F

    Figure 10: India Ultrasound System Market Share, By Region, By Value, 2017-2027F

    Figure 11: India Ultrasound System Market Share, By Company, By Value, 2021

    Figure 12: India Ultrasound System Market Map, By Technology, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 13: India Ultrasound System Market Map, By Display Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 14: India Ultrasound System Market Map, By Mobility, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 15: India Ultrasound System Market Map, By Equipment Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 16: India Ultrasound System Market Map, By Source, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 17: India Ultrasound System Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 18: India Ultrasound System Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 19: India Ultrasound System Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 20: India Diagnostic Ultrasound Systems Market Size, By Value (USD Million), 2017-2027F

    Figure 21: India Diagnostic Ultrasound Systems Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 22: India Diagnostic Ultrasound Systems Market Share, By Type, By Value, 2017-2027F

    Figure 23: India Diagnostic Ultrasound Systems Market Share, By Display Type, By Value, 2017-2027F

    Figure 24: India Diagnostic Ultrasound Systems Market Share, By Mobility, By Value, 2017-2027F

    Figure 25: India Diagnostic Ultrasound Systems Market Share, By Application, By Value, 2017-2027F

    Figure 26: India Diagnostic Ultrasound System Market Share, By End User, By Value, 2017-2027F

    Figure 27: India Therapeutic Ultrasound Systems Market Size, By Value (USD Million), 2017-2027F

    Figure 28: India Therapeutic Ultrasound Systems Market Size, By Volume (Thousand Units), 2017-2027F

    Figure 29: India Therapeutic Ultrasound Systems Market Share, By Type, By Value, 2017-2027F

    Figure 30: India Therapeutic Ultrasound Systems Market Share, By Display Type, By Value, 2017-2027F

    Figure 31: India Therapeutic Ultrasound Systems Market Share, By Mobility, By Value, 2017-2027F

    Figure 32: India Therapeutic Ultrasound Systems Market Share, By Application, By Value, 2017-2027F

    Figure 33: India Therapeutic Ultrasound System Market Share, By End User, By Value, 2017-2027F