A new report from research firm GlobalData predicts significant jumps in China and India’s diagnostic ultrasound markets by 2019. Medipoint: Diagnostic Ultrasound Imaging – Global Analysis and Market Forecasts estimates that China’s ultrasound revenue will increase from $833 million in 2012 to $1.3 billion by 2019, or 7.1%. India’s market will grow from $101 million in 2012 to $192 million, an increase of 9.6%, over the same period.
The report explains the rise in terms of increased access to healthcare even in remote areas and the attractiveness of ultrasound as a diagnostic tool. “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,” said Niharika Midha, a GlobalData analyst.
At the same time, the report anticipates the growth will be offset by the falling price of ultrasound systems in China and the lack of regulatory guidelines in India, as well as price wars taking place between local and multinational manufacturers.
The report can be purchased at GlobalData.
