India Diagnostic Imaging Services Market, By Modality (X-ray, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, Nuclear Imaging, Mammography), Application (Oncology, Neurology, Cardiovascular, Orthopedics, Obstetrics and Gynecology, Dentistry, General radiography), Technology (2D Imaging Technology, 3D/4D Imaging Technology), End User (Hospitals, Diagnostic Centers, Ambulatory Care Centers, Research and Academia) – Industry Trends and Forecast to 2031.
India Diagnostic Imaging Services Market Analysis and Size
Diagnostic imaging is anticipated to be used more often as customized medicine spreads. Imaging tests can assist doctors in customizing treatment strategies to meet the unique needs of individual patients, producing more successful results. Rapid growth in telemedicine creates potential for businesses that can deliver diagnostic imaging services remotely. This is crucial in locations that lack access to healthcare services, such as rural or underdeveloped areas. Overall, the India diagnostic imaging services market offers a wide range of possibilities for businesses that can innovate, grow into developing markets, and satisfy shifting patient and healthcare provider expectations.
Data Bridge Market Research analyses that the India diagnostic imaging services market which was USD 5.88 billion in 2023, expected to reach up to USD 10.72 billion by 2031, and is expected to undergo a CAGR of 7.80% during the forecast period. “X-ray” dominates the modality segment of the market is growing due to the increasing usage and demand with initial stage of recommendation for treatment. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Modality (X-ray, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, Nuclear Imaging, Mammography), Application (Oncology, Neurology, Cardiovascular, Orthopedics, Obstetrics and Gynecology, Dentistry, General radiography), Technology (2D Imaging Technology, 3D/4D Imaging Technology), End User (Hospitals, Diagnostic Centers, Ambulatory Care Centers, Research and Academia)
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Market Players Covered
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GE HealthCare (U.S.), Siemens Healthineers AG (Switzerland), Koninklijke Philips N.V. (Netherlands), TOSHIBA CORPORATION (Japan), Hitachi, Ltd. (Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), FUJIFILM Corporation (Japan), Hologic, Inc. (U.S.), Agfa- Gevart Group (Belgium), CANON MEDICAL SYSTEMS CORPORATION (Japan)
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Market Opportunities
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Market Definition
A variety of medical treatments and techniques are referred to as diagnostic imaging services when they are utilized to view the interior body structures. To help in the identification and diagnosis of illnesses, wounds, or anomalies, these services use a variety of technologies to provide finely detailed images of organs, tissues, bones, and other structures.
India Diagnostic Imaging Services Market Dynamics
Drivers
- Rising Prevalence of Diseases Among the Population
With a growing population and lifestyle changes, India is experiencing a rise in the prevalence of chronic diseases such as cardiovascular diseases, cancer, and diabetes. This increases the demand for diagnostic imaging services for early detection, diagnosis, and monitoring of these conditions.
- Increasing Technological Advancements
Advancements in imaging technologies, such as MRI, CT, and ultrasound, lead to better image quality, faster scanning times, and enhanced diagnostic capabilities. As newer and more advanced imaging modalities become available, healthcare providers and patients seek access to these technologies, driving market growth.
Opportunities
- Rising Healthcare Expenditure
As India's economy grows, there is an increase in healthcare spending, both by the government and private sector. This allows for greater investment in healthcare infrastructure, including diagnostic imaging facilities, thereby expanding access to imaging services across the country.
- Increasing Awareness and Education
Growing awareness among patients and healthcare professionals about the importance of early diagnosis and preventive healthcare measures fuels demand for diagnostic imaging services. In addition, medical education and training programs enhance the skills of radiologists and technologists, improving the quality of imaging services.
Restraints
- Regulatory Approvals and Compliance
Regulatory requirements and approval processes for establishing and operating diagnostic imaging centers in India can be complex and time-consuming. Compliance with regulations related to equipment standards, radiation safety, and licensing adds to the operational burden and may deter investment in the sector.
- Shortage of Skilled Personnel
The shortage of trained radiologists, radiologic technologists, and other skilled healthcare professionals poses a constraint on the provision of diagnostic imaging services. This shortage can lead to longer wait times for appointments and interpretation of imaging studies, impacting patient care and outcomes.
Challenge
- Concerns About Radiation Exposure
Despite the benefits of diagnostic imaging, there are concerns among patients and healthcare providers about radiation exposure associated with certain modalities such as X-rays and CT scans. Fear of radiation-related risks may lead to reluctance among patients to undergo imaging studies, impacting the demand for services.
This India diagnostic imaging services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the India diagnostic imaging services market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In April 2021, Siemens Healthineers will introduce the Somatom X.ceed, a high-resolution computed tomography (CT) scanner that makes it possible to diagnose cancer, cardiovascular disease, and other disorders more quickly and accurately
India Diagnostic Imaging Services Market Scope
The India diagnostic imaging services market is segmented the based on the basis of modality, application, technology, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Modality
- X-ray
- Magnetic Resonance (MRI)
- Computed Tomography (CT)
- Ultrasound
- Nuclear Imaging
- Mammography
Application
- Oncology
- Neurology
- Cardiovascular
- Orthopedics
- Obstetrics and Gynecology
- Dentistry
- General radiography
Technology
- 2D Imaging Technology
- 3D/4D Imaging Technology
End User
- Hospitals
- Diagnostic Centers
- Ambulatory Care Centers
- Research and Academia
Healthcare Infrastructure Growth Installed base and New Technology Penetration
India diagnostic imaging services market also provides you with detailed market analysis for every country growth in India diagnostic imaging services market with diagnostic imaging services or product sales, the impact of advancement in the imaging products, products manufacturing, and distribution, and changes in regulatory scenarios with their support for the India diagnostic imaging services market. The data is available for historic period 2016-2021.
Competitive Landscape and India Diagnostic Imaging Services Market Share Analysis
India diagnostic imaging services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to India diagnostic imaging services market.
Some of the major players operating in the India diagnostic imaging services market are:
- GE HealthCare (U.S.)
- Siemens Healthineers AG (Switzerland)
- Koninklijke Philips N.V. (Netherlands)
- TOSHIBA CORPORATION (Japan)
- Hitachi, Ltd. (Japan)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- FUJIFILM Corporation (Japan)
- Hologic, Inc. (U.S.)
- Agfa- Gevart Group (Belgium)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
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