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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 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.