The Indian diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The market is driven by various factors including government initiatives for the awareness towards chronic disease diagnosis such as cancer and CVD coupled with the rising healthcare expenditure in the country. The growth in the market will be focused on changing disease profile and favorable demographics in India, socio-economic changes, and urbanization along with a sedentary lifestyle. The foreign healthcare companies and government over the years have tapped the Indian healthcare sector by a series of major acquisitions, new product launch and expansion of field force that further provide significant opportunity to the Indian diagnostic imaging equipment market in the near future.
The Indian diagnostic imaging equipment market is segmented on the basis of modality and application. Based on the modality, the market is further classified into X-Ray, ultrasound, computed tomography, magnetic resonance imaging (MRI), mammography, and Others (Nuclear Imaging). The X-Ray segment is projected to have a considerable share in the Indian market owing to the high application in various chronic diseases such as CVD, neurological disease, and others. Based on the application, the Indian diagnostic imaging equipment market is further segmented into oncology, orthopedics, cardiovascular, neurology, urology, others. The oncology segment is estimated to grow at a considerable CAGR during the forecast period owing to the growing awareness towards cancer diagnosis coupled with rising healthcare expenditure in the country.
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Indian Diagnostic Imaging Equipment Market Segmentation
By Modality
- X-Ray
- Ultrasound
- Computed Tomography
- Magnetic Resonance Imaging (MRI)
- Mammography
- Others (Nuclear Imaging)
By Application
- Oncology
- Orthopedics
- Cardiovascular
- Neurology
- Urology
- Others (Gastroenterology)
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Company Profiles
- Allengers Medical Systems Ltd.
- Overview
- Allengers Medical in India Diagnostic Imaging Equipment
- Recent Developments
- Canon Inc.
- FUJIFILM Corp.
- Fukuda Denshi Co., Ltd.
- General Electric Co.
- Hitachi Ltd.
- Neusoft Corp.
- Siemens AG
- Shimadzu Corp.
- SonoScape Medical Corp.
- Trivitron Healthcare Pvt. Ltd.
- United Imaging Healthcare Co, Ltd.
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