India Ultrasound Systems Market, By Technology (Diagnostic Ultrasound v/s Therapeutic Ultrasound), By Display Type, By Mobility, By Equipment Type, By Source, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2027

The Indian Ultrasound Systems Market value in the year 2021 was USD489.91 million, which is anticipated to further grow with a CAGR of 6.43% during the forecast period, 2023-2027, to achieve the market value of USD705.12 million by 2027. The Indian Ultrasound Systems Market is anticipated to grow on account of growing diagnostic medicine practices in the country. Surging demand for early and efficient diagnosis is further driving the growth of the Indian Ultrasound Systems Market in the upcoming five years. Technologies like artificial intelligence (AI), Internet of Things (IoT), etc., are also facilitating the growth of the Indian Ultrasound Systems Market in the next five years.



New imaging techniques and the growing trend of integrated imaging technology are also supporting the growth of the Indian Ultrasound Systems Market. Growing disease burden, rising instances of chronic diseases like cardiovascular diseases, cancer, neurological disorders, etc., are major factors surging the demand for ultrasound systems and thus aiding the growth of the Indian Ultrasound Systems Market in the future five years. Cardiovascular diseases and cancer are some of the major diseases that cause rising mortality rates in the country. Rising geriatric population of the country and their susceptibility toward chronic diseases is concerning and thus, the demand for ultrasound systems is consistently increasing and substantiating the growth of the Indian Ultrasound Systems Market in the forecast years through 2027.

The Indian Ultrasound Systems Market is segmented by technology, display type, mobility, equipment type, source, application, end-user, regional analysis, and competitive landscape. Based on technology, the market is differentiated between diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound systems include 2D ultrasound, 3D & 4D ultrasound, and doppler ultrasound. Therapeutic ultrasound systems include high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). By display type, the market is distinguished between black & white and colored displays. Based on mobility, the market is differentiated between fixed and mobile. On the basis of equipment type, the market is divided between refurbished and new equipment. Based on source, the market is discussed between import and domestic. Based on application, the market is fragmented into obstetrics/ gynecology, general imaging, cardiology, and urology. Based on end-user, the market is further segmented into hospitals & clinics, diagnostic centers, and others. The market is also analyzed among North India, East India, South India, and West India regions.

Applications of ultrasound systems are expanding, and obstetrics/gynecology applications may lead the market segment based on application and hold the largest revenue shares of the market in the upcoming five years. Rising population, increasing instances of pregnancies, and rising concerns among the population regarding the healthcare of pregnant females and unborn children are also driving the segmental growth along with the growth of the Indian Ultrasound Systems Market in the next five years.

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 market companies operating in the Indian Ultrasound Systems Market.

Years considered for this report:

• Historical Years: 2017- 2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023 - 2027

Objective of the Study:

• To analyze the market size of the Indian Ultrasound Systems Market from 2017 to 2021.
• To estimate and forecast the market size of the Indian Ultrasound Systems Market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast the Indian Ultrasound Systems Market based on technology, display type, mobility, equipment type, source, application, end-user, regional analysis, and competitive landscape.
• To identify dominant region or segment in the Indian Ultrasound Systems Market.
• To identify drivers and challenges for the Indian Ultrasound Systems Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Ultrasound Systems Market.
• To identify and analyze the profile of leading players operating in the Indian Ultrasound Systems Market.
• To identify key sustainable strategies adopted by the market players in the Indian Ultrasound Systems Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across India.

The publisher calculated the market size of the Indian Ultrasound Systems Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to ultrasound systems
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Indian Ultrasound Systems 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
• 2D Ultrasound
• 3D & 4D Ultrasound
• Doppler Ultrasound
• Therapeutic
• High-Intensity Focused Ultrasound (HIFU)
• Extracorporeal Shockwave Lithotripsy (ESWL)

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 the Indian Ultrasound Systems Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.