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: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Ultrasound Devices market currently, in 2023, has witnessed an HHI of 1910, Which has increased slightly as compared to the HHI of 1832 in 2017. The market is moving towards moderately competitive. 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 fewer numbers of players or countries exporting in the market.
Report Name | India Ultrasound Devices |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Diagnostic Imaging |
The India Ultrasound Devices Market report thoroughly covers the market By Type, By Device Display, By Device Portability, By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Ultrasound Devices Market has shown significant growth over recent years, driven by advancements in medical technology and increasing healthcare awareness. Ultrasound devices are widely used across various medical applications, including diagnostics, obstetrics, cardiology, and oncology, making them an essential tool in modern healthcare. The rising prevalence of chronic diseases, coupled with a higher demand for non-invasive diagnostic procedures, has further propelled the adoption of ultrasound technology in India.
Additionally, government initiatives to improve healthcare infrastructure and the growing presence of domestic and international manufacturers are contributing to the expansion of the market. Such trends highlight the critical role of ultrasound devices in enhancing medical outcomes and accessibility across the country.
According to 6Wresearch, the India Ultrasound Devices Market is anticipated to grow at a CAGR of 6.2% during the forecast period 2025-2031. The growth of the ultrasound devices market in India is fueled by several key factors. One of the primary drivers is the increasing focus on early disease detection and preventive healthcare, which has augmented the demand for advanced diagnostic tools.
The continuous innovation in ultrasound technology, such as portable and handheld devices, has enhanced accessibility and usability, particularly in rural and underserved regions. Furthermore, the growing geriatric population and the escalating number of healthcare facilities equipped with imaging solutions have significantly contributed to India Ultrasound Devices Market Growth. Supportive government policies and financial incentives aimed at modernizing India’s healthcare infrastructure have also played a crucial role in fostering industry growth.
Despite these growth factors, the industry faces several notable challenges. High initial costs of advanced ultrasound systems can deter adoption, particularly in small and mid-sized healthcare facilities. A significant urban-rural divide in healthcare infrastructure and limited access to skilled professionals for operating these devices further impede market penetration in remote areas. Additionally, stringent regulatory requirements and competition from alternative diagnostic modalities, such as MRI and CT scans, could also act as barriers to growth. Overcoming these challenges will be essential to ensuring the continued expansion and effectiveness of ultrasound technology in India's evolving healthcare landscape.
Some of the key trends observed in the India Ultrasound Devices Industry include the increasing use of portable and handheld ultrasound devices, integration of artificial intelligence in ultrasound technology, and growing popularity of point-of-care ultrasound. These advancements are not only improving the efficiency and accuracy of diagnosis but also making healthcare services more accessible to remote areas.
Furthermore, there is a rising demand for technologically advanced ultrasound devices with features such as 3D/4D imaging and wireless connectivity. This presents growth opportunities for market players to develop innovative products that cater to the evolving needs of healthcare professionals
The India Ultrasound Devices Market presents lucrative investment opportunities for both domestic and international players. With the government's focus on promoting indigenous manufacturing of medical devices, there is a growing demand for locally manufactured ultrasound devices. Additionally, collaborations and partnerships with local distributors can help companies expand their reach in the country. Moreover, investing in research and development to develop technologically advanced ultrasound devices can give companies a competitive edge in the market. Furthermore, exploring untapped rural markets through targeted marketing and strategic pricing could also lead to growth opportunities.
Some of the leading players in the India Ultrasound Devices Market include GE Healthcare, Philips, Siemens Healthineers, Samsung Medison, and Fujifilm SonoSite. These companies are investing in expanding their product portfolio and developing advanced ultrasound devices to cater to the growing demand in the country. They are also focusing on collaborations and partnerships with local distributors to increase their market presence.
The growth of the India Ultrasound Devices Market is also shaped by stringent government regulations aimed at ensuring safety, quality, and ethical use of diagnostic equipment. For instance, the Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act of 1994 strictly regulates the use of ultrasound machines to prevent their misuse for sex determination and gender-biased practices. This law mandates the registration of all ultrasound equipment and facilities and imposes heavy penalties for non-compliance.
Additionally, the Medical Device Rules, 2017, introduced by the Central Drugs Standard Control Organization (CDSCO), classify ultrasound machines as regulated medical devices. These rules emphasize the certification, testing, and adherence to safety standards of these devices before they can be marketed or used in the country. While these regulations are essential for maintaining ethical standards and ensuring patient safety, they can create additional compliance challenges for manufacturers and healthcare providers.
The future of the ultrasound devices market in India appears promising, driven by advancements in technology, increasing healthcare awareness, and growing demand for non-invasive diagnostic tools. Innovations such as portable and handheld ultrasound devices are expected to gain traction, especially in rural and remote areas where access to larger healthcare facilities is limited. Furthermore, the integration of artificial intelligence (AI) in ultrasound systems is set to revolutionize diagnostics, enabling faster and more accurate interpretations of imaging results.
The rising prevalence of chronic diseases, coupled with a growing geriatric population, will likely propel the demand for ultrasound solutions across various medical specialties. Additionally, government initiatives aimed at strengthening healthcare infrastructure and promoting the adoption of advanced medical devices are anticipated to support market growth. However, navigating regulatory frameworks and ensuring affordability will remain crucial factors shaping the market's trajectory in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Shubhamdeep, Senior Research Analyst, 6Wresearch, the diagnostic ultrasound systems segment is anticipated to experience significant growth in the coming years. These systems are widely used for imaging various organs and tissues, aiding in the detection and diagnosis of numerous medical conditions. With increasing awareness of early disease detection and a rise in healthcare spending, the demand for diagnostic ultrasound systems is expected to surge. Furthermore, advancements in imaging technology and the miniaturization of devices are likely to drive growth in this segment.
Color ultrasound devices are projected to witness substantial growth as these devices provide enhanced imaging capabilities, enabling the visualization of blood flow and other critical parameters in real-time. Their advanced technology and versatility make them highly preferred for various diagnostic applications, including cardiology, obstetrics, and oncology. The increasing adoption of color ultrasound devices in both urban and rural healthcare settings, coupled with rising investments in advanced healthcare infrastructure, is driving the growth of this segment.
Trolley or cart-based ultrasound devices continue to play a significant role in India Ultrasound Devices Market Share due to their extensive functionality and versatility. These systems are particularly favored in hospitals and diagnostic centers for their ability to provide high-quality imaging, especially in specialized fields such as radiology, cardiology, and gynecology. Additionally, the durability and advanced imaging options of trolley-based devices make them suitable for high patient volumes. The growing number of healthcare facilities and the increasing prevalence of chronic diseases are expected to fuel the demand for these devices.
The report provides a detailed analysis of the following market segments:
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, 2021 & 2031F |
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, 2021 & 2031F |
3.6 India Ultrasound Devices Market Revenues & Volume Share, By Device Display, 2021 & 2031F |
3.7 India Ultrasound Devices Market Revenues & Volume Share, By Device Portabilty, 2021 & 2031F |
3.8 India Ultrasound Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
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, 2021 - 2031F |
6.1.3 India Ultrasound Devices Market Revenues & Volume, By Diagnostic Ultrasound Systems, 2021 - 2031F |
6.1.4 India Ultrasound Devices Market Revenues & Volume, By Therapeutic Ultrasound Systems, 2021 - 2031F |
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, 2021 - 2031F |
6.2.3 India Ultrasound Devices Market Revenues & Volume, By Black & White (B/W) Ultrasound Devices, 2021 - 2031F |
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, 2021 - 2031F |
6.3.3 India Ultrasound Devices Market Revenues & Volume, By Compact/Handheld Ultrasound Devices, 2021 - 2031F |
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, 2021 - 2031F |
6.4.3 India Ultrasound Devices Market Revenues & Volume, By Obstetrics/Gynaecology, 2021 - 2031F |
6.4.4 India Ultrasound Devices Market Revenues & Volume, By Cardiology, 2021 - 2031F |
6.4.5 India Ultrasound Devices Market Revenues & Volume, By Urology, 2021 - 2031F |
6.4.6 India Ultrasound Devices Market Revenues & Volume, By Vascular, 2021 - 2031F |
6.4.7 India Ultrasound Devices Market Revenues & Volume, By Others, 2021 - 2031F |
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, 2021 & 2031F |
9.2 India Ultrasound Devices Market Opportunity Assessment, By Device Display, 2021 & 2031F |
9.3 India Ultrasound Devices Market Opportunity Assessment, By Device Portabilty, 2021 & 2031F |
9.4 India Ultrasound Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Ultrasound Devices Market - Competitive Landscape |
10.1 India Ultrasound Devices Market Revenue Share, By Companies, 2024 |
10.2 India Ultrasound Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |