The India diagnostic imaging equipment market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing elderly population and rising investment in the healthcare infrastructure.
Diagnostic medical imaging is a technique that visualize physical diagnosis with help of electromagnetic radiation. This imaging equipment is used for the diagnosis of disease and to determine appropriate treatment decisions. Diagnostic imaging is useful for the clinical examination and medical implant, and the visual representation of the function of organs or tissues in the human body. Diagnostic imaging consists of different radiological imaging equipment, such as MRI, X-ray, ultrasound, and CT scan portable systems. Multiple-use units such as digital fluoroscopy and radiography systems are also used in the hospitals and clinics.
CT scan and MRI systems are the most commonly used diagnostic imaging equipment. These equipment are used for the detection of the medical conditions by reducing the unnecessary invasive exploratory processes and to improvise patient health diagnostic imaging equipment. Diagnostic imaging also includes calculations and recording techniques to produce data that is often represented in graph form.
The report on the India diagnostic imaging equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Diagnostic Imaging Equipment Market - India Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Modalities (MRI, Computed Tomography, Ultrasound, X-ray, Nuclear Imaging, and Others), Applications (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Others), and End-users (Hospitals, Diagnostic Centers, and Others) |
Regional Scope |
India |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Carestream Health Inc, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Systems, and Koninklijke Philips N.V. |
Based on modalities, the market is segmented into MRI, computed tomography, ultrasound, X-Ray, nuclear imaging, and others. The X-ray segment is expected to represent a key market share during the forecast period owing to increasing demand for mobile X-ray systems, retrofit upgrade kits. Moreover, increasing number of hospitals & diagnostic centers, painless & non-invasive procedures, and low-prices as compared to other modalities are driving the segment growth.
In terms of applications, the market is divided into cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology, and others. The orthopedics segment is expected to grow at a robust pace in the coming years due to the increasing number of road accidents in the country.
On the basis of end-users, the market is segregated into hospitals, diagnostic centers, and others. The hospitals segment is anticipated to expand at a healthy CAGR during the forecast period. Hospitals usually have all the available diagnostic imaging equipment and machinery. Thus, the people prefer visiting hospitals & clinics for diagnostic imaging.
Key players competing in the India diagnostic imaging equipment market include Carestream Health Inc, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Systems, and Koninklijke Philips N.V.
Companies are partnering with hospitals and clinics to expand their market share. Moreover, they’re engaging in R&D activities to leverage their market position.
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