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Global & India Ultrasound Market to 2031

Publisher Business Market Insights
Published Sep 24, 2025
Length 109 Pages
SKU # BMKS20418290

Description

The ultrasound market in India is significantly shaped by a national healthcare strategy that emphasizes modernization and technological self-sufficiency. Government initiatives aimed at enhancing medical infrastructure and broadening healthcare access to both urban and rural populations play a crucial role in this evolution. A prominent trend is the government's advocacy for 'Make in India' and 'Made for the World' policies, which encourage domestic production of medical devices to decrease reliance on imports and stimulate local innovation.

As reported by the Ministry of Health and Family Welfare in July 2025, the Production-Linked Incentive (PLI) scheme has a budget of approximately US$ 410.95 million dedicated to boosting the domestic manufacturing of medical devices. This initiative particularly supports the production of advanced equipment, including ultrasound machines, and by March 2025, it has facilitated the creation of 54 products that were previously reliant on imports. This shift is fostering domestic innovation and promoting the development of more sophisticated, locally manufactured ultrasound equipment.

Additionally, the Annual Report 2024–2025 from the Ministry highlights significant advancements in public health infrastructure, with the number of operational Ayushman Arogya Mandir (AAM) centers reaching 172,148 by the end of the fiscal year 2023–2024. These centers are increasingly equipped with diagnostic tools. The Ayushman Bharat Digital Mission (ABDM) is also pivotal, as it aims to create a digital health ecosystem that integrates data from new ultrasound devices into patients' digital health records, enhancing efficiency and accessibility.

Table of Contents

109 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. India Ultrasound Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Ultrasound Market Key Market Dynamics
5.1 Ultrasound Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. India Ultrasound Market – Analysis
6.1 India Ultrasound Market Revenue (US$ Million), 2021–2031
6.2 India Ultrasound Market Revenue and Forecast Analysis
7. India Ultrasound Market Analysis – by Product Type
7.1 India Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Product Type
8. India Ultrasound Market Analysis – by Portability
8.1 India Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Portability
9. India Ultrasound Market Analysis – by Application
9.1 India Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
10. India Ultrasound Market Analysis – by End User
10.1 India Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.1 Company Positioning and Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.2 Partnerships and Collaborations
12.2 Other Developments
13. Company Profiles
13.1 GE HealthCare Technologies Inc
13.1. 1 Key Facts
13.1. 2 Business Description
13.1. 3 Products and Services
13.1. 4 Financial Overview
13.1. 5 SWOT Analysis
13.1. 6 Key Developments
13.2 Siemens Healthineers AG
13.2. 1 Key Facts
13.2. 2 Business Description
13.2. 3 Products and Services
13.2. 4 Financial Overview
13.2. 5 SWOT Analysis
13.2. 6 Key Developments
13.3 FUJIFILM Holdings Corp
13.3. 1 Key Facts
13.3. 2 Business Description
13.3. 3 Products and Services
13.3. 4 Financial Overview
13.3. 5 SWOT Analysis
13.3. 6 Key Developments
13.4 Canon Inc
13.4. 1 Key Facts
13.4. 2 Business Description
13.4. 3 Products and Services
13.4. 4 Financial Overview
13.4. 5 SWOT Analysis
13.4. 6 Key Developments
13.5 Koninklijke Philips NV
13.5. 1 Key Facts
13.5. 2 Business Description
13.5. 3 Products and Services
13.5. 4 Financial Overview
13.5. 5 SWOT Analysis
13.5. 6 Key Developments
13.6 ESAOTE SPA
13.6. 1 Key Facts
13.6. 2 Business Description
13.6. 3 Products and Services
13.6. 4 Financial Overview
13.6. 5 SWOT Analysis
13.6. 6 Key Developments
13.7 Shenzhen Mindray Bio-Medical Electronics Co Ltd
13.7. 1 Key Facts
13.7. 2 Business Description
13.7. 3 Products and Services
13.7. 4 Financial Overview
13.7. 5 SWOT Analysis
13.7. 6 Key Developments
13.8 Hologic Inc
13.8. 1 Key Facts
13.8. 2 Business Description
13.8. 3 Products and Services
13.8. 4 Financial Overview
13.8. 5 SWOT Analysis
13.8. 6 Key Developments
13.9 Trivitron Healthcare Pvt Ltd
13.9. 1 Key Facts
13.9. 2 Business Description
13.9. 3 Products and Services
13.9. 4 Financial Overview
13.9. 5 SWOT Analysis
13.9. 6 Key Developments
13.10 Samsung Healthcare
13.10. 1 Key Facts
13.10. 2 Business Description
13.10. 3 Products and Services
13.10. 4 Financial Overview
13.10. 5 SWOT Analysis
13.10. 6 Key Developments
14. Appendix
14.1 About Business Market Insights
14.2 List of Abbreviations
TABLE OF TABLES
Table 1. India Ultrasound Market Segmentation
Table 2. List of Vendors
Table 3. India Ultrasound Market – Revenue, 2021–2024 (US$ Million)
Table 4. India Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. India Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Product Type
Table 6. India Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
Table 7. India Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Portability
Table 8. India Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Portability
Table 9. India Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 10. India Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 11. India Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by End User
Table 12. India Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
Table 13. List of Abbreviations
TABLE OF FIGURES
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. India Ultrasound Market Revenue, (US$ Million), 2021–2031
Figure 3. Heat Map Analysis by Key Players
Figure 4. Company Positioning and Concentration

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