India Diagnostic Imaging Market to Witness Significant Growth until 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 India diagnostic imaging market is expected to grow at
an impressive rate during the forecast period 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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The India diagnostic 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 MRI systems segment 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 neuro
problems. Additionally, growing incidences of brain strokes across the country
is further expected to drive the segmental growth. Based on application, the
market can be grouped into cardiology, oncology, neurology, orthopedics,
gastroenterology, gynecology and others. Here, the orthopedics segment is
expected to dominate the market on account of the surge in the number of road
accidents happening across the country. 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. (GE Healthcare Limited), Siemens
Healthineers India, Allengers Medical Systems Limited, Canon Medical Systems
Corporation, Samsung India Electronics Pvt. Ltd., Philips Healthcare India,
Hitachi Medical Corporation, Fujifilm India Private Limited, Hologic India,
Toshiba Medical Systems Corporation and others are some of the leading players
operating in India diagnostic imaging market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“India
diagnostic imaging market is expected to witness significant growth during 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,
2025”,” 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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