Business Articles - Ultrasound Systems Market growth and investment opportunities in India

by SUNIL NAIR - Date: 2009-12-27 - Word Count: 515 Share This!

India Ultrasound Systems Market: Strategic Market Analysis and Insight report ( ) is an essential source of data and analysis on the India Ultrasound Systems market with complete coverage by categories. The report provides market landscape, competitive landscape and market trends information on two market categories - B/W Ultrasound System and Color Doppler Ultrasound System. The report identifies the key trends shaping and driving the dynamism in the India Ultrasound Systems market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also provides valuable insight on the pipeline products within the India Ultrasound Systems market.

The Ultrasound Systems Market in India to Grow at a CAGR of 13% during 2008 - 2015 In 2008, the ultrasound market in India was valued at $108m. It is forecast to grow at a Compound Annual Growth Rate (CAGR) of 13% over the next seven years to reach $250m in 2015. During this period the market is expected to be driven by a rapidly developing healthcare infrastructure in rural India and the increasing use of portable ultrasound systems in new applications such as critical care and vascular surgery.

GE Leads the India Ultraosund Systems Market with 33% Share GE leads the ultrasound systems market in India with a 33% market share in terms of revenue. GE maintains its leadership largely due to its broad product pricing range. GE's sales efforts are equally focused on both its high end systems and also the low end ones. The company keeps gaining market share in terms of units due to its large customer base that buys low end systems. Philips, Siemens and Toshiba Medical follow GE with a combined share of 39%. These companies rely on brand loyalty and extended service contracts for their customers. Other companies include Hitachi, Esaote, L&T, Sonosite and Mindray Medical.

Demand for Miniaturization and use of Ultrasound in New Application Areas to Drive the Market The demand for miniaturization of ultrasound systems, improved handling of the devices, a decreasing price trend, and the use of ultrasound as a primary screening method for breast cancer will be the key factors influencing and driving the volume of ultrasound procedures in India. Product innovations such as decreased boost up times, increased battery backup, and stronger service contracts and warranties for probes will positively affect the future market penetration of ultrasound systems. High import duties and the misinterpretation of the Pre-Natal Diagnostics Techniques (PNDT) Act will remain the challenges faced by the ultrasound systems market in India. However, with a booming population, an increased awareness of the advantages offered by portable color ultrasound systems, and an ever increasing number of radiologists and physicians, India will continue to present growth and investment opportunities for ultrasound manufacturers in the future.

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Related Tags: market, research, india, report, diagnosis, market share, ultrasound, medical devices, demand forecast, market leaders, market growth, market forecast

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