India Cardiovascular Ultrasound Market Size & Outlook
India cardiovascular ultrasound market, 2018-2030 (US$M)
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India cardiovascular ultrasound market highlights
- The India cardiovascular ultrasound market generated a revenue of USD 88.1 million in 2023 and is expected to reach USD 126.9 million by 2030.
- The India market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, transthoracic echocardiography was the largest revenue generating type in 2023.
- Fetal Echocardiography is the most lucrative type segment registering the fastest growth during the forecast period.
Cardiovascular ultrasound market data book summary
| Market revenue in 2023 | USD 88.1 million |
| Market revenue in 2030 | USD 126.9 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Transthoracic echocardiography |
| Fastest growing segment | Fetal Echocardiography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transthoracic Echocardiography, Transesophageal Echocardiography, Fetal Echocardiography, Other Types |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hitachi Ltd, shenzhen mindray automation equipment co., FUJIFILM Holdings Corp, Samsung Medison, Chison Medical Technologies |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global cardiovascular ultrasound market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cardiovascular ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 250.7 million by 2030.
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Cardiovascular Ultrasound Market Scope
Cardiovascular Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cardiovascular ultrasound market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiovascular ultrasound market will help companies and investors design strategic landscapes.
Transthoracic echocardiography was the largest segment with a revenue share of 55.39% in 2023. Horizon Databook has segmented the India cardiovascular ultrasound market based on transthoracic echocardiography, transesophageal echocardiography, fetal echocardiography, other types covering the revenue growth of each sub-segment from 2018 to 2030.
Approximately 65 million people in India suffer from cardiovascular diseases. Presence of a large patient pool in the country is expected to boost the demand for cardiac solutions. Therefore, various market players are launching cardiovascular ultrasound systems in India to meet the growing demand. In October 2020, Philips introduced Ultrasound 3300, an advanced ultrasound for various applications such as general imaging, OB/GYN, and cardiovascular imaging in India.
Similarly, the company also launched EPIQ CVx cardiac ultrasound in the Indian market. EPIQ CVx incorporates TrueVue that helps clinicians see a realistic image of the heart, which improves cardiac anatomy analysis. Therefore, growing number of product launches is expected to propel the market growth during the forecast period.
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Our clientele includes a mix of cardiovascular ultrasound market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India cardiovascular ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into India cardiovascular ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cardiovascular ultrasound market size, by type, 2018-2030 (US$M)
India Cardiovascular Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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