Growing technological advancements in the field of diagnostic imaging is expected to drive the growth of India X ray imaging system market.
According to TechSci Research report, “India X ray Imaging System Market – By Region, Competition, Forecast & Opportunities, 2017-2027F,” the India X ray imaging system market stood at USD312.84 million in 2021 and is expected to grow at a CAGR of 7.04% during the forecast period. This can be ascribed to the increasing number of orthopedic problems across the country. Additionally, the sudden outbreak and spread of pandemic COVID-19 which requires conducting chest X ray to diagnose and treat COVID-19 patients, increased the demand for X ray imaging system significantly. Furthermore, growing dental problems in the country have increased the demand for dental X-rays, thereby supporting market growth through 2027. Besides, supportive government policies such as 100% FDI in medical device, and PLI schemes are expected to create lucrative opportunities for overall market growth. However, the higher cost of X ray imaging system leads to affordability constraints, increasing demand for used or refurbished equipment and decreasing the sales of new X ray imaging systems.
Browse over 19 market data Figures spread through 70 Pages and an in-depth TOC on “India X ray Imaging System Market”
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The India X ray imaging system market is segmented based on modality, mobility, type, application, end user, company, and regional distribution. Based on modality, the market can be bifurcated into direct radiography and computed radiography. The direct radiography segment dominated the market in 2021 with a share of 82.77% on account of the various advantages associated with direct radiography such as superior quality and accuracy in terms of image capture, lesser radiation exposure to both patient and healthcare professionals, among others. Based on end user, the market is categorized into hospitals & clinics, diagnostic centers, and others. The hospitals & clinics segment dominated the market because of the higher demand for X ray imaging systems from hospitals & clinics. Also, patients prefer going for diagnostic procedures from hospitals & clinics over other end users because of the diagnostic results accuracy and reliability.
Key market players in the India X ray imaging system market include:
- Siemens Healthcare Private Limited
- Philips India Limited
- Wipro GE Healthcare Private Limited
- Fujifilm India Private Limited
- Agfa Healthcare India Private Limited
- Konica Minolta Healthcare India Private Limited
- Carestream Health India Private Limited
- BPL Medical Technologies Private Limited
- Allengers Medical Systems Limited
- Skanray Technologies Private Limited
The India X ray imaging system market is a very fragmented market with few well-established global players, many regional players from China, and a few emerging players from India. At present, the market is being dominated by international players on account of the dependency of the market on imports. However, under the supportive government policies such as Production Linked Incentive Scheme and Aatmanirbhar Bharat, India will become self-sufficient in producing locally manufactured X ray imaging systems in the coming years.
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“The India X ray Imaging System Market is expected to witness significant growth in the coming years due to the growing prevalence of chronic diseases such as breast cancer, and chronic obstructive pulmonary diseases (COPD), among others. Additionally, growing awareness pertaining to early disease diagnosis and treatment among the population is further expected to increase the demand for several diagnostic procedures such as ultrasound, X-ray, MRI, among others, thereby creating lucrative opportunities for the overall market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India X ray Imaging System Market By Modality (Direct Radiography v/s Computed Radiography), By Mobility (Stationary v/s Mobile), By Type (Digital v/s Analog), By Application (General Radiography, Dental, Mammography, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2027F,”, has evaluated the future development capability 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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