India Contrast Enhanced Ultrasound Market Size & Outlook
India contrast enhanced ultrasound market, 2018-2030 (US$M)
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India contrast enhanced ultrasound market highlights
- The India contrast enhanced ultrasound market generated a revenue of USD 62.7 million in 2023 and is expected to reach USD 101.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Contrast Agents is the most lucrative product segment registering the fastest growth during the forecast period.
Contrast enhanced ultrasound market data book summary
| Market revenue in 2023 | USD 62.7 million |
| Market revenue in 2030 | USD 101.2 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Contrast Agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Contrast Agents |
| Key market players worldwide | Lantheus Holdings Inc, GE Aerospace, Bracco, Siemens Healthineers AG ADR, Koninklijke Philips NV, Canon Inc, Mindray Medical International |
Other key industry trends
- In terms of revenue, India accounted for 2.9% of the global contrast enhanced 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 contrast enhanced ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 209.4 million by 2030.
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Contrast Enhanced Ultrasound Market Scope
Contrast Enhanced Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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India contrast enhanced 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 contrast enhanced ultrasound market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 72.41% in 2023. Horizon Databook has segmented the India contrast enhanced ultrasound market based on equipment, contrast agents covering the revenue growth of each sub-segment from 2018 to 2030.
Ultrasound contrast agent manufacturers are observed to partner with domestic medical technology companies of India for marketing, distribution, and manufacturing activities. The partnership program helps foreign companies to increase their sales revenue and extend their distribution network.
Ultrasound contrast agent companies generally partner with ultrasound device manufacturers because customers wanting to purchase ultrasound devices may consider procuring associated products such as contrast agents.
For instance, Trivitron Healthcare, one of the leaders in the ultrasound market of India, partnered with Bracco Diagnostic, Inc. for the distribution of SonoVue (Sulphur Hexafluoride UCA) in India. Additionally, India has poor health care coverage, which further propels the demand for cost-effective imaging procedures such as contrast-enhanced ultrasound.
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Horizon Databook provides a detailed overview of country-level data and insights on the India contrast enhanced ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into India contrast enhanced ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India contrast enhanced ultrasound market size, by product, 2018-2030 (US$M)
India Contrast Enhanced Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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