India X-Ray Imaging System Market to grow at a High Rate During the Forecast Period
Growing disease incidence is
expected to drive the growth of India X-Ray imaging system market during the
forecast period.
According
to TechSci Research report, “India X-Ray Imaging System Market By Type (Digital X-Ray
Systems, Analog X-Ray Systems), By Mobility (Portable v/s Standalone), By
Source (Domestic v/s Import), By Application (Cardiology, Oncology, Neurology,
Orthopaedics, Gastroenterology, Gynaecology, Others), By End Users (Hospitals
& Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By
Component (OEM, Refurbished), By Company, By Region, Forecast &
Opportunities, FY2026”, the India X-ray imaging
system market is expected to grow at a high rate during the forecast period. Increasing
geriatric population is projected to act as major market driven factor.
Moreover, increasing demand for early disease diagnosis is further expected to
fuel the market growth through FY2026. Furthermore, initiatives taken by the government
of the country to provide cost-effective medical imaging solutions through
adoption of new imaging technologies such as tele-radiology is estimated to
boost India X-Ray imaging system market growth. Rising prevalence of
cardiovascular, respiratory, gastrointestinal, genitourinary, and several other
disorders is further expected to drive the market growth during the forecast
period.
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The India X-Ray imaging system market is segmented based on type,
mobility, source, application, end users, component, company, and region. Based
on mobility, the market can be fragmented into portable v/s standalone. Stationary
x-ray systems dominated the market in terms of largest market share until
FY2020, but its demand is expected to drop and be replaced with portable x-ray
imaging systems in the coming years. This fastest growing CAGR of portable X-ray
imaging system can be attributed to surging geriatric population with mobility
issues. Also, some of the benefits associated with these systems such as ease
of use and versatility with minimal construction costs, are further witnessed
to positively influence the segmental growth. Based on end user, the market can
be categorized into hospitals & clinics, diagnostic centers, ambulatory
care centers, others. Among these, the hospitals & clinics segment
dominated the market until FY2020 and is further forecasted to register high
growth during the forecast period as well because of rising number of
diagnostic imaging procedures performed in hospitals. Along with this, growing
implementation of advanced imaging modalities in order to improve workflow
efficiency in hospitals, is boosting the segmental growth in upcoming years.
Shimadzu Medical (India) Pvt.
Ltd., Carestream Health India Pvt. Ltd., Fujifilm Medical Systems India Pvt.
Ltd., Philips India Limited, Siemens Healthineers India Ltd., MediRay
HealthCare Pvt. Ltd., Wipro GE Healthcare Pvt. Ltd. (GE Healthcare Limited),
Allengers Medical Systems Limited,
Hitachi India Pvt. Ltd., Varian Medical Systems International India Pvt. Ltd. and
others are some of the leading players operating in India X-Ray imaging system market.
Companies operating in the market are using organic strategies such as product
launches, mergers and acquisitions and research collaborations to boost their
share and increase their geographic reach.
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“India X-Ray imaging system market is
expected to substantial growth during the forecast period on account of rapid
technological advancements in the X-Ray imaging systems. Moreover, entry of
multinational healthcare service providers in the country is further expected
to create lucrative opportunities for the market growth of India X-Ray imaging
system market over the next five years. Along with this, developing healthcare
infrastructure is further forecasted to bode well for the growth of X-Ray imaging
system market in the country.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based India management consulting firm.
“India X-Ray Imaging System Market By Type (Digital
X-Ray Systems, Analog X-Ray Systems), By Mobility (Portable v/s Standalone), By
Source (Domestic v/s Import), By Application (Cardiology, Oncology, Neurology,
Orthopaedics, Gastroenterology, Gynaecology, Others), By End Users (Hospitals
& Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By
Component (OEM, Refurbished), By Company, By Region, Forecast &
Opportunities, FY2026”, has
evaluated the future growth potential of India X-Ray imaging system 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 X-Ray imaging system market.
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