India Diagnostic Imaging Market To be Valued USD 22270.88 Million by FY2026
Increasing disposable income of the consumers coupled with improved healthcare facilities to drive India diagnostic imaging market
According to TechSci Research report, “India Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Component (OEM v/s Refurbished), By Region, Forecast & Opportunities, FY2026”, the Indiadiagnostic imaging market was valued USD 1655.35 Million in FY2019 and is projected to grow at 9.03% in value terms until FY2026 on account of the ongoing technical advancements in digital imaging procedures. Additionally, increasing foreign direct investments for improving the healthcare facilities in India is further expected to propel the market growth through FY2026. Furthermore, emergence of India as a potential medical tourism hub is further expected to fuel the market growth over the next few years. Besides, growing prevalence of non-communicable diseases in the country is further expected to spur the market growth. However, procedures such as CT Scan are quite capital intensive. This might restrict the market growth during the forecast period. Furthermore, shortage of radiologists and other skilled professionals to carry out the diagnostic procedure might further impede the market growth through FY2026. Moreover, high import tariffs might further hider the market growth until FY2026.
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"IndiaDiagnostic Imaging Market"
The Indiadiagnostic imaging market is segmented based on type, mobility, source, application, end users, component, company and region.Based on type, the market can be fragmented into X-Ray imaging solutions, ultrasound systems, MRI systems, CT scanners, nuclear imaging solutions, mammography and others. Among these, the X-Ray imaging solutionssegment is expected to dominate the market on account of their widespread use and adoption across hospitals & clinics, diagnostic centers, among others for early and accurate diagnosis of spinal problems. Additionally, growing incidences of road accidents across the country is further expected to drive the segmental growth. Based on end users, the market can be categorized into hospitals & clinics, diagnostic centers, ambulatory care centers, others. Out of these, the hospitals & clinics segment is expected to dominate the market since they have all the available diagnostic imaging equipment and machinery. Hence, the people prefer visiting hospitals & clinics for diagnostic imaging.
Wipro GE Healthcare Pvt. Ltd., Siemens Healthcare Private Limited, Allengers Medical Systems Limited, Erbis Engineering Co. Ltd., Samsung Electronics SIEL, Philips India Ltd, Olympus Medical Systems India Pvt. Ltd., Fujifilm Medical Systems India Pvt. Ltd., Carestream Health India Pvt. Ltd., Shimadzu Medical (India) Pvt. Ltd. among othersare some of the leading players operating in Indiadiagnostic imaging market.The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
“Indiadiagnostic imaging market is expected to witness significant growthduring the forecast period on account of growing number of diagnostic centers and hospitals in the country. Furthermore, supportive government policies such as Ayushman Bharat Yojana, Healthcare for All, Make in India, among others, are further expected to fuel the market growth through FY2026. Besides, increasing focus of the government and healthcare facility providers on increasing the life expectancy and reducing mortality rates associated with different diseases is further expected to create lucrative opportunities for the market growth over the next few years.”said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Component (OEM Vs Refurbished), By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of Indiadiagnostic imaging marketand provides statistics &information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Indiadiagnostic imaging market.