Market Research Report
India Diagnostic Imaging Market, By Type, By Mobility, By Source, By Application, By End Users, By Component, By Region, Forecast & Opportunities, FY2026
|Published by||TechSci Research||Product code||974932|
|Published||Content info||110 Pages
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|India Diagnostic Imaging Market, By Type, By Mobility, By Source, By Application, By End Users, By Component, By Region, Forecast & Opportunities, FY2026|
|Published: December 1, 2020||Content info: 110 Pages||
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.
India diagnostic imaging market was valued USD 1655.35 Million in FY2019 and is forecast to grow at an impressive rate of 9.03% in value terms during the forecast period. The India diagnostic imaging market is driven by the increasing expenditure by the government on the development of healthcare facilities. The total expenditure on healthcare in India is around 3.6% of the country's GDP. The per capita government spending also increased to INR 1944 in FY2020. This has led to the development and improvement of the healthcare infrastructure in the country. Furthermore, the penetration of large hospital chains across the country is expected to fuel the market growth through FY2026. Besides, introduction of health checkup packages and attractive offers, especially on occasions such as Women's Day, World Cancer Day, Breast Cancer Awareness Month, among others, is expected to spur the market growth over the next few years. Additionally, the growing focus of diagnostic imaging equipment & machinery providers on effective diagnosis in order to ensure proper treatment and quality of care at an optimum cost is further expected to create lucrative opportunities for the market growth during the forecast period.
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 X-ray imaging solutions 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 spinal problems. Additionally, growing incidences of road accidents across the country is further expected to drive the segmental growth.
Based on mobility, the market can be bifurcated into portable and standalone. Here, the standalone segment is expected to dominate the market on account of their widespread adoption and use in advanced healthcare facilities. Also, they are affordable as compared to the portable ones. Additionally, in context to portable ultrasound systems, the government does not support their development since this can lead to identification of fetal gender during pregnancy and feticide.
Based on end users, the market can be categorized into hospitals & clinics, diagnostic centers, ambulatory care centers, others. 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. However, the diagnostic centers segment is also expected to witness significant growth on account of the improved diagnostic imaging infrastructure and diagnostic tests facilities in them. Additionally, improvement in their services, focus on patient satisfaction, availability of reports on apps or email, among others, are some other factors driving the segmental growth.
Major players operating in the India diagnostic imaging market include 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. and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of diagnostic imaging equipment manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the diagnostic imaging equipment manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the diagnostic imaging equipment manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India diagnostic imaging market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as diagnostic imaging equipment manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India diagnostic imaging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India diagnostic imaging market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: