Market Trends of India Ultrasound Devices Industry
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.
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.
