According to 6Wresearch, Indian Ultrasound Equipment’s market volume reached 2,096 units in CY Q4 2013. GE HEALTHCARE emerged as the market leader followed by PHILIPS and MINDRAY. Switch of the Indian consumers towards Color Doppler’s over the Black and White ultrasound equipment’s have resulted in an increase in market share of Color Doppler’s.
Rising government spend in the Indian healthcare system as well increasing need to enhance the standard and access of healthcare services is fueling growth of the Ultrasound Equipment Market in India.
Source: 6Wresearch Quarterly India Ultrasound Market, CY Q4 2013
Key Highlights (CY Q4 2013)
Source: 6Wresearch Quarterly India Ultrasound Market, CY Q4 2013.
During CY Q4 2013, in the display segment, LCD (Liquid-crystal display) captured more than 79% share of the total Ultrasound Equipment market. Further, 15 Inch monitor registered around 32% of the total market share.