India Diagnostic Imaging Market to Grow with a CAGR of 8.28% through 2030
Rise in the Prevalence of Chronic Diseases and Increased Adoption of Advanced Technologies in Medical Imaging are expected to drive the India Diagnostic Imaging Market growth in the forecast period, 2026-2030
According to TechSci Research report, “India Diagnostic
Imaging Market - By Region, Competition Forecast &
Opportunities, 2030F”, the India Diagnostic Imaging Market stood at USD 845.91 Million in 2024 and is
anticipated to grow with a CAGR of 8.28% in the forecast period, 2026-2030.
India's diagnostic imaging market is experiencing robust growth, driven by several key factors. The rising prevalence of chronic diseases, such as cancer and cardiovascular conditions, coupled with the aging population, is significantly contributing to the market's expansion. Technological advancements in imaging systems, the increasing adoption of minimally invasive diagnostic procedures, and government initiatives aimed at strengthening healthcare infrastructure further support this growth.
A primary driver of the market is the rising demand for early disease detection and accurate diagnosis. This is complemented by the growth of the private healthcare sector and the expansion of health insurance coverage, which are increasing access to diagnostic imaging services. Additionally, telemedicine services are expanding the reach of diagnostic tools, particularly in remote and underserved regions. Government programs such as the Pradhan Mantri Jan Arogya Yojana (PMJAY) are also playing a crucial role by making healthcare services more affordable, thereby increasing the utilization of diagnostic imaging, especially in rural areas. Moreover, the government's emphasis on expanding and improving healthcare infrastructure is further propelling market demand.
The diagnostic imaging market is notably benefiting from advances in radiology, with magnetic resonance imaging (MRI) and computed tomography (CT) scans driving substantial growth in this segment. The ultrasound segment is also poised for significant expansion, largely due to its non-invasive nature and extensive application in obstetrics and gynecology. The incorporation of digital imaging techniques and artificial intelligence (AI) algorithms is further enhancing the precision and capabilities of these diagnostic modalities.
However, the market faces challenges such as the high cost of advanced imaging equipment, a shortage of skilled radiologists, and a stringent regulatory environment for new equipment approvals. To address these obstacles, efforts are underway to improve the affordability and accessibility of imaging solutions, invest in skill development programs, and streamline regulatory processes.
Despite these challenges, the outlook for India’s diagnostic imaging market remains highly positive, with significant growth opportunities in areas such as nuclear imaging, interventional radiology, and AI-driven imaging technologies. These trends are expected to shape the market’s future, making it an attractive space for both domestic and international stakeholders. Investments in infrastructure, technology, and workforce training, combined with favorable government policies and growing healthcare awareness, will continue to fuel market growth in the coming years.
India's diagnostic imaging market stands at a critical juncture with immense growth potential. Targeted investments in infrastructure, training, and advanced technologies, along with government-backed initiatives, will further propel this sector. The integration of AI, digital imaging, and telemedicine will revolutionize diagnostic practices, enabling more timely and accurate diagnoses, thereby enhancing patient outcomes. The market offers significant opportunities for stakeholders to contribute to the evolution of India's healthcare system and meet the growing diagnostic needs of its population.
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The India Diagnostic Imaging Market is segmented into type,
mobility, source, application, component, end user, regional distribution, and
company.
Based on end user, the hospital and clinics segment is
poised to witness substantial growth at a healthy compound annual growth rate
(CAGR) during the forecast period. This growth can be attributed to the
comprehensive availability of advanced diagnostic imaging equipment and
machinery in hospitals, making them the preferred choice for individuals
seeking high-quality diagnostic imaging services. By offering a wide range of
state-of-the-art technologies, hospitals and clinics ensure that patients
receive accurate and timely diagnoses, leading to improved healthcare outcomes.
Additionally, these facilities often have multidisciplinary teams of healthcare
professionals who collaborate to provide comprehensive and personalized care to
patients. Moreover, hospitals and clinics invest in continuous research and
development, staying at the forefront of medical advancements and ensuring that
their patients have access to cutting-edge treatments and therapies. Through a
patient-centric approach, these healthcare institutions strive to improve the
overall well-being and quality of life for individuals in need of medical care.
Major companies operating in India Diagnostic Imaging
Market are:
- Wipro GE Healthcare Private
Limited
- Siemens Healthineers India
- Allengers Medical Systems
Limited
- Erbis Engineering Co Limited
- Samsung India Electronics
(SIEL)
- Philips India Limited
- Olympus Medical Systems India
Private Limited
- Fujifilm India Private
Limited
- Carestream Health India
Private Limited
- Shimadzu Medicals (India)
Private Limited
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“The future of the diagnostic imaging market in India
is poised for substantial growth, driven by several key factors. The ageing
population in the country is increasing, leading to a higher demand for
diagnostic services. Additionally, the rising prevalence of chronic diseases
further fuels the need for accurate and efficient diagnosis through imaging
technologies. Furthermore, the continuous advancements in technology, including
the integration of artificial intelligence (AI), are expected to propel the
market even further. AI integration in diagnostic imaging offers improved
precision, speed, and efficiency, enabling healthcare professionals to make
more accurate diagnoses and provide targeted treatment plans. Moreover, the
Indian government's initiatives focused on healthcare infrastructure
development play a crucial role in the expansion of the diagnostic imaging
market. Increased investments in healthcare facilities and equipment create a
favorable environment for the adoption of advanced imaging technologies. Considering
these factors, the diagnostic imaging market in India is expected to experience
significant expansion in the coming years, providing improved healthcare
outcomes for the population and creating opportunities for industry players”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based 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, Standalone), By Source (Domestic, Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By Component (OEM, Refurbished), By End User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Diagnostic Imaging
Market and 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 India Diagnostic Imaging
Market.
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