India Ultrasound Devices Market (2021-2027) | Trends, Industry, Growth, Forecast, Analysis, Revenue, COVID-19 IMPACT, Outlook, Size, Share, Value & Companies

Market Forecast By Type (Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems), By Device Display (Color Ultrasound Devices, Black & White (B/W) Ultrasound Devices), By Device Portabilty (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices), By Application (Radiology/General Imaging, Obstetrics/Gynaecology, Cardiology, Urology, Vascular, Others) And Competitive Landscape
Product Code: ETC062803 Publication Date: Aug 2023 Updated Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Ultrasound Devices Market Shipment Analysis

India Ultrasound Devices Market registered a growth of 22.04% in value shipments in 2022 as compared to 2021 and an increase of 7.39% CAGR in 2022 over a period of 2017. In Ultrasound Devices Market India is becoming less competitive as HHI index in 2022 was 1910 while in 2017 it was 1832. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Ultrasound Devices Market.

India Ultrasound Devices Market Competition 2023


India Export Potential Assessment For Ultrasound Devices Market (Values in Thousand)


India Ultrasound Devices Market Synopsis

The India Ultrasound Devices market is expected to grow significantly during the forecast period 2021-2027. The rising prevalence of diseases such as cancer and cardiovascular conditions, an increase in the number of diagnostic centers, technological advancements in ultrasound imaging techniques, and government initiatives are some of the major factors driving the growth of this market. Moreover, increasing healthcare expenditure has also contributed to a surge in demand for quality medical devices and services. Additionally, emerging economies are witnessing increased investments from existing players due to better economic conditions which further provides impetus to industry growth.

Drivers of the Market:

Rising Prevalence Of Diseases: Increasing incidence rate of chronic diseases such as cancer and cardiovascular disorders worldwide is one of the key drivers for global ultrasound devices market demand over the given timeframe. According to World Health Organization (WHO), globally 15 million people suffer from stroke every year out which half die within 6 months due to inadequate diagnosis followed by improper treatment options available at time being. This factor will drive need for timely diagnosis through use ultrasound imaging systems aiding overall industry outlook over coming years. Furthermore, WHO states that around 8 million people died due to cancer in 2018 alone with higher mortality reported among developing countries hence propelling need for early detection technologies across clinical settings enhancing business potentials. Technological Advancements In Ultrasound Imaging Techniques: Technological advancements have enabled high resolution images along with 3D/4D capabilities resulting into accurate diagnosis leading towards positive patient outcomes thus positively impacting overall revenue generation scope across industry participants over foreseeable future. With introduction of improved image processing algorithms such as adaptive speckle reduction filters & Doppler spectral analysis enabling efficient functioning at low cost offering significant benefits throughout complete product life cycle including production cost optimization providing opportunities for vendors operating amid competitive landscape.

Challenges of the Market:

High Cost Associated With Advanced Technologies And Equipment Installation : High costs associated with advanced technologies used in ultrasound equipment installation coupled with lack or absence trained professionals may serve as major restraints limiting adoption rates across regions like India hampering business expansion prospects through 2027.. Additionally presence stringent rules & regulations pertaining approvals form regulatory bodies further add up extra burden on manufacturers operating thereby challenging profit margins throughout entire value chain hindering any new entrants intending foray into concerned domain deteriorating overall scenario. Lack Of Awareness Among Patients Regarding Usefulness Of Diagnostic Tests : Low awareness levels regarding significance & usage if diagnostic tests especially among rural population poses challenge before investors particularly while.

Key Highlights of the Report:

  • India Ultrasound Devices Market Outlook
  • Market Size of India Ultrasound Devices Market, 2020
  • Forecast of India Ultrasound Devices Market, 2027
  • Historical Data and Forecast of India Ultrasound Devices Revenues & Volume for the Period 2023 - 2027
  • India Ultrasound Devices Market Trend Evolution
  • India Ultrasound Devices Market Drivers and Challenges
  • India Ultrasound Devices Price Trends
  • India Ultrasound Devices Porter's Five Forces
  • India Ultrasound Devices Industry Life Cycle
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Type for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Diagnostic Ultrasound Systems for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Therapeutic Ultrasound Systems for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Device Display for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Color Ultrasound Devices for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Black & White (B/W) Ultrasound Devices for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Device Portabilty for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Trolley/Cart-Based Ultrasound Devices for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Compact/Handheld Ultrasound Devices for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Application for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Radiology/General Imaging for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Obstetrics/Gynaecology for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Cardiology for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Urology for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Vascular for the Period 2023 - 2027
  • Historical Data and Forecast of India Ultrasound Devices Market Revenues & Volume By Others for the Period 2023 - 2027
  • India Ultrasound Devices Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Device Display
  • Market Opportunity Assessment By Device Portabilty
  • Market Opportunity Assessment By Application
  • India Ultrasound Devices Top Companies Market Share
  • India Ultrasound Devices Competitive Benchmarking By Technical and Operational Parameters
  • India Ultrasound Devices Company Profiles
  • India Ultrasound Devices Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Ultrasound Devices Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Ultrasound Devices Market Revenues & Volume, 2020 & 2027F

3.3 India Ultrasound Devices Market - Industry Life Cycle

3.4 India Ultrasound Devices Market - Porter's Five Forces

3.5 India Ultrasound Devices Market Revenues & Volume Share, By Type, 2020 & 2027F

3.6 India Ultrasound Devices Market Revenues & Volume Share, By Device Display, 2020 & 2027F

3.7 India Ultrasound Devices Market Revenues & Volume Share, By Device Portabilty, 2020 & 2027F

3.8 India Ultrasound Devices Market Revenues & Volume Share, By Application, 2020 & 2027F

4 India Ultrasound Devices Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Ultrasound Devices Market Trends

6 India Ultrasound Devices Market, By Types

6.1 India Ultrasound Devices Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Ultrasound Devices Market Revenues & Volume, By Type, 2018 - 2027F

6.1.3 India Ultrasound Devices Market Revenues & Volume, By Diagnostic Ultrasound Systems, 2018 - 2027F

6.1.4 India Ultrasound Devices Market Revenues & Volume, By Therapeutic Ultrasound Systems, 2018 - 2027F

6.2 India Ultrasound Devices Market, By Device Display

6.2.1 Overview and Analysis

6.2.2 India Ultrasound Devices Market Revenues & Volume, By Color Ultrasound Devices, 2018 - 2027F

6.2.3 India Ultrasound Devices Market Revenues & Volume, By Black & White (B/W) Ultrasound Devices, 2018 - 2027F

6.3 India Ultrasound Devices Market, By Device Portabilty

6.3.1 Overview and Analysis

6.3.2 India Ultrasound Devices Market Revenues & Volume, By Trolley/Cart-Based Ultrasound Devices, 2018 - 2027F

6.3.3 India Ultrasound Devices Market Revenues & Volume, By Compact/Handheld Ultrasound Devices, 2018 - 2027F

6.4 India Ultrasound Devices Market, By Application

6.4.1 Overview and Analysis

6.4.2 India Ultrasound Devices Market Revenues & Volume, By Radiology/General Imaging, 2018 - 2027F

6.4.3 India Ultrasound Devices Market Revenues & Volume, By Obstetrics/Gynaecology, 2018 - 2027F

6.4.4 India Ultrasound Devices Market Revenues & Volume, By Cardiology, 2018 - 2027F

6.4.5 India Ultrasound Devices Market Revenues & Volume, By Urology, 2018 - 2027F

6.4.6 India Ultrasound Devices Market Revenues & Volume, By Vascular, 2018 - 2027F

6.4.7 India Ultrasound Devices Market Revenues & Volume, By Others, 2018 - 2027F

7 India Ultrasound Devices Market Import-Export Trade Statistics

7.1 India Ultrasound Devices Market Export to Major Countries

7.2 India Ultrasound Devices Market Imports from Major Countries

8 India Ultrasound Devices Market Key Performance Indicators

9 India Ultrasound Devices Market - Opportunity Assessment

9.1 India Ultrasound Devices Market Opportunity Assessment, By Type, 2020 & 2027F

9.2 India Ultrasound Devices Market Opportunity Assessment, By Device Display, 2020 & 2027F

9.3 India Ultrasound Devices Market Opportunity Assessment, By Device Portabilty, 2020 & 2027F

9.4 India Ultrasound Devices Market Opportunity Assessment, By Application, 2020 & 2027F

10 India Ultrasound Devices Market - Competitive Landscape

10.1 India Ultrasound Devices Market Revenue Share, By Companies, 2020

10.2 India Ultrasound Devices Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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