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Increasing medical centers driving the ultrasound scanner market in India

 


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The Indian medical devices sector is largely import dependent. However, the market for ultrasound scanners has been characterized by low dependency on imports due to the presence of a large number of indigenous manufacturers.

The market is currently dominated by color dopplers and growth in the black & white segment has been stagnant. The growing target base of consumers will boost sales and the market is expected to exhibit steady growth in future.

The report provides a snapshot of the ultrasound scanner market. It begins with the introduction section which offers a brief description of the segments in the market. The market overview section provides an insight into the market and highlights the market size and growth. It also provides details of the share of the different segments in the market. Import and export figures for ultrasound scanners, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

There are various factors driving growth in the market. The increasing number of medical centers, that is, hospitals, nursing homes and diagnostic centers in the country is causing the demand for ultrasound scanners to go up. Application of ultrasound in newer areas such as during surgeries is also helping the market to grow considerably. The increased use of ultrasounds in cardiology procedures is yet another reason for the strong growth in the market. Along with these, the various programmes and schemes of the government for pregnant women and the growing population of aged people in the country is causing the market to experience increasing demand. The portability of ultrasounds resulting from the introduction of mobile units is also a reason for the market’s growth. There are, however, certain challenges which are hindering growth in the market. The increased competition among players is acting against the market’s growth. Similarly, the lack of awareness among people regarding the importance of ultrasound scans for the diagnosis of various diseases has led to the underutilization of ultrasound scanners. Also, the enforcement of the Prenatal Diagnostic Tests Act by the Indian Government is a hindrance to growth.

There are various technological trends taking place in the market. These include fusion imaging which fuses images obtained from ultrasound scans with images from other modalities such as CT scans to give an enhanced image, resulting in better diagnosis. Ultrasound scanners with the capability of developing four-dimensional images or moving images and scanners that can be used to examine tissue elasticity are another trend in the market. Finally, the need for greater portability for point-of-care applications has resulted in miniaturization of ultrasound scanners.

The competition section highlights the features of the major players operating in the market. It includes a brief profile of the major domestic and foreign players in the market along with their financials. A section providing strategic recommendations has also been given at the end of the report which gives effective solutions to existing and potential players for improving their market share and increasing profitability.

Research On India (ROI) is Netscribes’ leading source for market intelligence on emerging sectors in India. Our topics provide a holistic view of an industry and are a spring board for entry strategies, private equity and venture capital investments, investor presentations and management discussions.

For more details on the content of the report and our services you can contact us at sales@researchonindia.com

Netscribes is a Business research firm Netscribes (India) Pvt. Ltd. , launches a report on the Ultrasound Scanner Market in India 2011 as part of Netscribes’ Healthcare Industry report series.

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