Over the years, Ultrasound modality has grown leaps and bounds in India to become an inevitable part of Healthcare delivery in the country and is well-poised for strong growth. Currently, the market size of Ultrasound is about INR 1400 Crore with a CAGR of 6 to 7 %. When we look at the Super Value and Value segments, increased growth is expected and traditionally, the buyers in this segment are Upgrades from Black & White Ultrasound & Basic entry level Color Doppler users, first time buyers in Tier II & III Locations where the technology penetration in Healthcare delivery is still low. With Government initiatives like Ayushman Bharat, we expect a major spike in growth of Super Value and Value segments of Ultrasound in such locations and they will contribute to a major portion of the Market in the coming years.

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