23 Jul 2019
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. 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.
