Increase in the prevalence of chronic diseases is expected to drive the growth of India CT scanners market during the forecast period.
According to TechSci Research report, “India CT Scanners Market By Technology (16-slice, 32-slice, 128 & Above slice, 64-slice, 8-slice and less than 8 slices), By Modality (Fixed v/s Mobile), By Device Architecture (O-Arm v/s C-Arm), By Application (Cardiology, Oncology, Neurology, Others), By End Use (Hospital, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2018-2028”, the Indian CT Scanner market stood at USD203.32 Million in 2022 and is expected to grow at a steady CAGR of 4.85% during the forecast period. Novel Advancements in CT scanners, rising demand for early and effective diagnostics, and increased dependency on image-guided scans are some of the elements that are envisioned as driving factors for India CT scanners market during the forecast period.
A high-slice CT scanner reduces scan time, improves patient throughput, lowers radiation doses, and produces images with higher detail and fewer artifacts. Patients with arrhythmias, rapid heart rates, obesity, and children, on the other hand, benefit from high-slice systems, which are speedier and have a bigger imaging area. High slice CT is also faster because no film pictures need to be produced. Radiologists can use computers to enhance images further to discover micro-calcifications that would otherwise go undetected on low and medium slice CT scans. As a result, the benefits of high-slice CT scanners may help the industry grow. However, the high cost of CT scanners and the lack of production in India with a dependency on imports are some factors that can hinder the growth of the India CT scanners market.
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The India CT scanners market is segmented into technology, modality, device architecture, application, end user, region, and company.
Based on technology, the market is fragmented into 16-slice, 32-slice, 8 and less than 8 slices, 64-slice, and 128 & Above slice. Amongst them, 16-slice holds the largest market share covering 34.96% in 2022. This high demand for 16-slice is due to the several benefits offered by this technology, such as the ability to capture numerous pictures of a patient’s anatomy and present the required information in a 3-D format. It takes the images much faster, thereby diminishing the examination time and increasing the patient’s comfort.
Based on the end user, the market is divided into hospitals, diagnostic centers, and others. The Hospital segment seem to rule the market in 2022, with a share of 54.93%, and is expected to grow at a CAGR of 5.47% in the forecast period. The increase in the number of patients suffering from various chronic diseases such as cardiovascular diseases, cancer, neurological problems, etc. has significantly led to an increase in demand from the hospital industry within the country. Another reason could be to make a better judgement of when a surgery becomes unavoidable and to aid in a better cancer diagnosis and treatment.
Based on regional analysis, South India dominated the market with a market share of 34.52% in the India CT scanners market. This is due to the highly populated states of South India and the increased incidence of cardiovascular disorders and cancers in these regions. As a result, the demand for CT scans is high to offer a better diagnosis and, therefore, better, and timely treatment of the medical condition. However, a significant rise in the number of people and manufacturing units on the country’s West side may accelerate the market demand for CT scanners over the next five years.
The leading companies operating in the India CT scanners market are:
- Wipro GE Healthcare Private Limited
- Siemens Healthcare Private Limited
- Philips India Limited
- Canon Medical Systems Corporation (Erbis Engineering Company Limited)
- Hitachi Medical Systems
- Allengers Medical Systems Limited
- Carestream Health India Private Limited
- United Imaging Healthcare Co., Ltd.
- Trivitron Healthcare Pvt. Ltd.
- Medirays Corporation
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“In India, a growing preference for minimally invasive diagnostic treatments, as well as a growing reliance on artificial intelligence and machine learning, would likely drive demand for more effective CT scanners. Furthermore, ongoing initiatives to improve the efficiency of these CT scanners, government-sanctioned efforts, and an increase in the frequency of chronic diseases are predicted to push the India CT scanners market growth through 2028.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India CT Scanners Market By Technology (16-slice, 32-slice, 128 & Above slice, 64-slice, 8-slice and less than 8 slices), By Modality (Fixed v/s Mobile), By Device Architecture (O-Arm v/s C-Arm), By Application (Cardiology, Oncology, Neurology, Others), By End Use (Hospital, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of India CT scanners 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 CT scanners market.
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