Ultrasound Devices Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Ultrasound Devices Market in India Manufacturers and it is Segmented by Application (Anesthesiology, Cardiology, Gynecology/Obstetrics, Musculoskeletal, Radiology, Critical Care, and Other Applications), Technology (2D Ultrasound Imaging, 3D and 4D Ultrasound Imaging, Doppler Imaging, and High-intensity Focused Ultrasound), Type (Stationary Ultrasound and Portable Ultrasound). The report offers the value (in USD million) for the above segments.

India Ultrasound Devices Market Size

View Global Report
India Ultrasound Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 245.78 Million
Market Size (2029) USD 334.10 Million
CAGR (2024 - 2029) 6.40 %
Market Concentration Medium

Major Players

India Ultrasound Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Ultrasound Devices Market with other markets in Healthcare Industry

Biotechnology

Pharmaceuticals

Healthcare IT

Medical Devices

Animal Health

Device Drug Combination

India Ultrasound Devices Market Analysis

The India Ultrasound Devices Market size is estimated at USD 245.78 million in 2024, and is expected to reach USD 334.10 million by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).

COVID-19 has impacted the ultrasound device market in India as ultrasound use for COVID-19 diagnosis has increased during the pandemic. For instance, according to the article published in Intelligence Decision Technology in April 2022, portable and convenient lung ultrasonography appeared to be excellent for inspecting lung abnormalities in suspected or infected individuals. Because of its portability, lung/thoracic ultrasonography has been evaluated for the detection of COVID-19 infection in India. The abnormalities discovered during lung ultrasound were pleural line, consolidation, B-lines, and bilateral involvement, with a predominant distribution detected in the posterior section of the affected patient's lungs. 

Furthermore, during the pandemic, the development of ultrasound for COVID-19 diagnoses boosted market growth. For instance, in August 2021, a telerobotic ultrasonography system was created by the Indian Institute of Technology (IIT) in Delhi and the All India Institute of Medical Sciences (AIIMS) in New Delhi. Through the use of a robotic arm, this technology enables remote ultrasound access. Because of such developments, the market grew significantly during the pandemic, and it is predicted to grow at a stable pace over the forecast period.

With the rising burden of chronic diseases in the country and the growing application of ultrasound in the diagnosis of various chronic diseases, the ultrasound devices market is expected to show a significant rise in India. Thoracic ultrasound detects peripheral lesions in patients with pulmonary tuberculosis, such as consolidations and tiny subpleural consolida. Thus, the number of TB patients is predicted to rise, driving the market growth. For instance, according to the India TB Report 2022, the overall number of incident TB patients (new and relapse) notified in 2021 increased by 19% over the previous year, with 19,33,381 notified in 2021. Thus, the high burden of TB in the country is expected to raise the demand for effective diagnosis, thereby boosting market growth.

Major market players are also introducing and launching brand-new, cutting-edge ultrasound equipment and expanding the manufacturing facilities for ultrasound, which will further accelerate the industry's growth in the country. For instance, in June 2021, Wipro GE Healthcare expanded its local manufacturing capacity in India to produce a wide range of Versana products. This is part of the company's strategy to strengthen the supplier ecosystem and expand localization. According to a company statement, the Versana Ultrasound range is part of the company's affordable product port. It is to be manufactured at its state-of-the-art facility in Kadugodi, Bengaluru.

Thus, all the aforementioned factors, such as the growing burden of chronic diseases and strategic activities by the market players, are expected to boost market growth over the forecast period. However, stringent regulation may restrain the market's growth over the forecast period.

India Ultrasound Devices Market Trends

Portable Ultrasounds Segment is Expected to Hold a Significant Share Over the Forecast Period

Portable ultrasound machines have the potential to overcome location barriers and benefit patients who are in life-threatening situations and require immediate treatment wherever they are. Thus, portable ultrasound plays a vital role in diagnosing and monitoring a patient's bedside without the hurdle of transferring the patient to the radiology department. Major factors driving the growth of portable ultrasounds include advanced technology, a growing geriatric population that requires point-of-care diagnostics, and rising awareness about the availability of portable ultrasounds.

There are various clinical advantages of employing ultrasound as a standard element of the assessment approach for the geriatric population. The benefit of ultrasonography at the bedside is that it is advantageous for older persons who cannot move as readily and may be anxious about moving to another setting. According to the Organisation for Economic Cooperation and Development, 6.8% of India's population were 60 years or older in 2021. This aging population burden is also predicted to benefit the portable ultrasound segment in India.

The introduction of the new product by key players is expected to boost the market over the forecast period. For instance, in September 2021, the SonoRad K40 portable ultrasound machine was unveiled by Trivitron Healthcare, an Indian company. The advanced and cutting-edge portable color Doppler ultrasound system is powered by an RF ultrasonic metadata platform and equipped with cutting-edge technology, making it a portable, intelligent, and potent diagnostic instrument. The gadget is small and stylish and ideally suited for routine scanning. It also satisfies medical practice in gastroenterology, obstetrics and gynecology, cardiology, and point-of-care.

Thus, owing to the aforementioned factors, such as the growing geriatric population and product launches, the studied segment is expected to show significant growth during the forecast period.

India Ultrasound Devices Market: Number of People Injured in Road Accident (in Thousand), By Category, India, 2021

2D Ultrasound Imaging Segment is Expected to Hold a Significant Share Over the Forecast Period

Factors such as increased cancer prevalence, technological advancements, and a rising birth rate are projected to fuel India's 2D ultrasound devices market growth. Chronic diseases can be detected using 2D ultrasound. They provide doctors with a clear inside picture and can be utilized to detect and diagnose specific medical conditions.

The 2D ultrasound is helpful in the diagnosis of chronic diseases, so its demand in the diagnosis of chronic diseases is predicted to rise, supporting segment growth. For instance, according to the article published in Neurology India in May 2021, 2D ultrasound increases tumor sample accuracy by recognizing the solid component of the lesion intraoperatively. Furthermore, operating site hematoma can be detected quickly, minimizing the need for post-procedure imaging. Thus, 2D ultrasound is excellent diagnosis equipment for brain tumors, and its use for brain tumor diagnosis is predicted to increase, boosting the market growth.

2D ultrasound produces a black-and-white view of the baby's skeletal structure and interior organs. The 2D ultrasound is most typically used to diagnose the baby's health. According to the World Bank Data 2022, the crude birth rate was 16 individuals per 1000 in India in 2021. Thus, a high birth rate in India may be expected to rise in demand for ultrasonography for babies, which is likely to boost the 2D ultrasound segment over the forecast period.

Thus, all the aforementioned factors, such as the growing burden of chronic diseases and the huge birth rate in India, are expected to boost segment growth over the forecast period.

India Ultrasound Devices Market: Estimated Number of Aging Population (in Million), By Sex, 2021-2031

India Ultrasound Devices Industry Overview

India's ultrasound devices market is moderately competitive and consists of several major players. Some of the companies that are currently dominating the market are Mindray Medical International Limited, GE Healthcare, Fujifilm Holdings Corporation, Siemens Healthineers AG, and Koninklijke Philips NV, among others.

India Ultrasound Devices Market Leaders

  1. Fujifilm Holdings Corporation

  2. GE Healthcare

  3. Koninklijke Philips NV

  4. Siemens Healthineers AG

  5. Mindray Medical International Limited

*Disclaimer: Major Players sorted in no particular order

India Ultrasound Devices Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

India Ultrasound Devices Market News

  • January 2023: FUJIFILM Sonosite, Inc. introduced the new Sonosite PX ultrasound system. Sonosite PX is the next generation of Sonosite POCUS, offering the most advanced image clarity ever seen in a Sonosite system, as well as a suite of workflow efficiency features and an adaptable form factor.
  • April 2022: Trivitron Healthcare sets up a new ultrasound manufacturing facility in India at Patalganga Industrial Area, Mumbai. The new manufacturing facility will be manufacturing a wide range of advanced ultrasound devices and accessories as per the market requirements in India and globally.

India Ultrasound Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Burden of Chronic Diseases

      2. 4.2.2 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulations

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Application

      1. 5.1.1 Anesthesiology

      2. 5.1.2 Cardiology

      3. 5.1.3 Gynecology/Obstetrics

      4. 5.1.4 Musculoskeletal

      5. 5.1.5 Radiology

      6. 5.1.6 Critical Care

      7. 5.1.7 Other Applications

    2. 5.2 By Technology

      1. 5.2.1 2D Ultrasound Imaging

      2. 5.2.2 3D and 4D Ultrasound Imaging

      3. 5.2.3 Doppler Imaging

      4. 5.2.4 High-intensity Focused Ultrasound

    3. 5.3 By Type

      1. 5.3.1 Stationary Ultrasound

      2. 5.3.2 Portable Ultrasound

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 SonoScape Medical Corp

      3. 6.1.3 Fujifilm Holdings Corporation

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Hologic Inc.

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 Mindray Medical International Limited

      8. 6.1.8 Samsung Electronics Co. Ltd

      9. 6.1.9 Esaote SPA

      10. 6.1.10 Siemens Healthineers AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

India Ultrasound Devices Industry Segmentation

As per the scope of the report, a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also widely used to treat chronic illnesses, which include ailments including diabetes, asthma, cancer, and heart disease. As a result, these devices have a variety of uses in the medical area, including both diagnostic imaging and therapeutic modality. India ultrasound devices market is segmented by application, technology, and type. By application market is segmented into anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications. By technology market is segmented into 2d ultrasound imaging, 3d and 4d ultrasound imaging, doppler imaging, and high-intensity focused ultrasound). By type market is segmented into stationary ultrasound and portable ultrasound. The report offers the value (in USD) for the above segments.

By Application
Anesthesiology
Cardiology
Gynecology/Obstetrics
Musculoskeletal
Radiology
Critical Care
Other Applications
By Technology
2D Ultrasound Imaging
3D and 4D Ultrasound Imaging
Doppler Imaging
High-intensity Focused Ultrasound
By Type
Stationary Ultrasound
Portable Ultrasound
Need A Different Region Or Segment?
Customize Now

India Ultrasound Devices Market Research FAQs

The India Ultrasound Devices Market size is expected to reach USD 245.78 million in 2024 and grow at a CAGR of 6.40% to reach USD 334.10 million by 2029.

In 2024, the India Ultrasound Devices Market size is expected to reach USD 245.78 million.

Fujifilm Holdings Corporation, GE Healthcare, Koninklijke Philips NV, Siemens Healthineers AG and Mindray Medical International Limited are the major companies operating in the India Ultrasound Devices Market.

In 2023, the India Ultrasound Devices Market size was estimated at USD 230.05 million. The report covers the India Ultrasound Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Ultrasound Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Ultrasound Devices Industry Report

The report on the Ultrasound Devices Market in India provides an in-depth industry analysis, highlighting the market share, market size, and market forecast for various segments. The report covers applications such as anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications. It also delves into different technologies including 2D ultrasound imaging, 3D and 4D ultrasound imaging, Doppler imaging, and high-intensity focused ultrasound, along with types like stationary and portable ultrasound devices.

The industry overview reveals significant market trends and growth rate, driven by advancements in technology and increasing demand in healthcare. The market segmentation is detailed, offering insights into the value of each segment in USD million. The report example provides a comprehensive market analysis, outlining the market value and market growth, and identifying market leaders who are shaping the industry.

Industry reports and industry research included in the study offer valuable industry information, industry outlook, and industry statistics. The market data and market predictions are supported by thorough research, making the report a reliable source for understanding the market dynamics.

The report pdf is available for download, providing a detailed industry review and market overview. The market outlook for the forecast period is positive, with anticipated industry sales and market growth. Research companies involved in the study have contributed to a robust market review, ensuring the report covers all aspects of the industry trends and market segmentation.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Ultrasound Devices Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)