Positive Image for China and India’s Diagnostic Ultrasound Markets with Significant Growth Expected by 2019

Monday 3 February 2014, Amsterdam

Both China and India’s diagnostic ultrasound market values will experience significant growth over the coming years, achieving respective Compound Annual Growth Rates (CAGRs) of 7.1% and 9.6% between 2012 and 2019, according to the new report.

The new report states that China’s ultrasound revenue will jump from an estimated $833m in 2012 to $1.3 billion by 2019, while India’s will increase from $101m in 2012 to $192m by the end of the forecast period.

Analysts attribute this growth to the sales of more compact systems that will improve access to healthcare, even in the more remote areas of these price-sensitive economies.

Niharika Midha, the Analyst covering Diagnostic Imaging, says: “We expect the global diagnostic ultrasound market to continue expanding alongside ongoing technological developments and the rising acceptance of products within emerging countries, such as China and India.

“With increasing household incomes and demand for better-quality healthcare, these two countries will see a rise in the use of ultrasound imaging procedures, as this is a cost-effective, safe and therefore widely available decision-making tool for physicians.”

However, a more impressive level of growth in the Chinese and Indian markets will be hindered by a number of barriers.

Midha continues: “We’re expecting to see a decline in the average selling price of ultrasound systems in China over the forecast period.

“Meanwhile, the major challenge for India continues to be the price wars that are created between local and multinational manufacturers. This particular market also remains difficult to penetrate in the absence of proper regulatory guidelines,” the analyst concludes.