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The Indian 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 Indian 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.Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The Indian 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 Indian 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.
Years considered for this report:
- Historical Years: FY2016-FY2019
- Base Year: FY2020
- Estimated Year: FY2021
- Forecast Period: FY2022–FY2026
Objective of the Study:
- To analyze and estimate the market size of the Indian Diagnostic Imaging Market from FY2016 to FY2019.
- To estimate and forecast the market size of the Indian Diagnostic Imaging Market from FY2020 to FY2026 and growth rate until FY2026.
- To classify and forecast the Indian Diagnostic Imaging Market based on type, mobility, source, application, end-users, component, company and regional distribution.
- To identify dominant country or segment in the Indian Diagnostic Imaging Market.
- To identify drivers and challenges for the Indian Diagnostic Imaging Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Diagnostic Imaging Market.
- To identify and analyze the profile of leading players operating in the Indian Diagnostic Imaging Market.
- To identify key sustainable strategies adopted by market players in the Indian Diagnostic Imaging Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of diagnostic imaging equipment manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the diagnostic imaging equipment manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the diagnostic imaging equipment manufacturers, distribution channels and presence of all major players across the country.
The publisher calculated the market size of the Indian Diagnostic Imaging Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher 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.
Key Target Audience:
- Diagnostic imaging equipment manufacturers, suppliers, distributors and other stakeholders
- Hospitals & clinics/diagnostic centers/ambulatory care centers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to diagnostic imaging
- Market research and consulting firms
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 the market opportunities.
Report Scope:
In this report, the Indian Diagnostic Imaging Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Diagnostic Imaging Market, By Type:
- X-Ray Imaging Solutions
- Ultrasound Systems
- MRI Systems
- CT Scanners
- Nuclear Imaging Solutions
- Mammography
- Others
India Diagnostic Imaging Market, By Mobility:
- Portable
- Standalone
India Diagnostic Imaging Market, By Source:
- Domestic
- Import
India Diagnostic Imaging Market, By Application:
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Gastroenterology
- Gynecology
- Others
India Diagnostic Imaging Market, By End-Users:
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Care Centers
- Others
India Diagnostic Imaging Market, By Component:
- OEM
- Refurbished
India Diagnostic Imaging Market, By Region:
- North
- South
- East
- West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Diagnostic Imaging Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Impact of COVID-19 on India Diagnostic Imaging Market
4. Executive Summary
5. Voice of Customer
6. India Diagnostic Imaging Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others)
6.2.2. By Mobility (Portable v/s Standalone)
6.2.3. By Source (Domestic v/s Import)
6.2.4. By Application (Cardiology, Oncology, Neurology, Orthopaedics, Gastroenterology, Gynaecology, Others)
6.2.5. By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others)
6.2.6. By Component (OEM, Refurbished)
6.2.7. By Company (FY2019)
6.2.8. By Region
6.3. Product Market Map
6.4. India: Region Analysis
6.4.1. India X-Ray Imaging Solutions Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Mobility
6.4.1.2.2. By Source
6.4.1.2.3. By Application
6.4.1.2.4. By End User
6.4.1.3. Competition Outlook
6.4.2. India Ultrasound Systems Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Mobility
6.4.2.2.2. By Source
6.4.2.2.3. By Application
6.4.2.2.4. By End User
6.4.2.3. Competition Outlook
6.4.3. India MRI Systems Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Mobility
6.4.3.2.2. By Source
6.4.3.2.3. By Application
6.4.3.2.4. By End User
6.4.4. India CT Scanners Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Mobility
6.4.4.2.2. By Source
6.4.4.2.3. By Application
6.4.4.2.4. By End User
6.4.4.3. Competition Outlook
6.4.5. India Nuclear Imaging Solutions Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Mobility
6.4.5.2.2. By Source
6.4.5.2.3. By Application
6.4.5.2.4. By End User
6.4.5.3. Competition Outlook
6.4.6. India Mammography Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value
6.4.6.2. Market Share & Forecast
6.4.6.2.1. By Mobility
6.4.6.2.2. By Source
6.4.6.2.3. By Application
6.4.6.2.4. By End User
6.4.6.3. Competition Outlook
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Market Trends & Developments
9. Policy & Regulatory Landscape
10. India Economic Profile
11. Pricing Analysis
12. Competitive Landscape
12.1. Wipro GE Healthcare Pvt. Ltd. (GE Healthcare Limited)
12.2. Siemens Healthineers India
12.3. Allengers Medical Systems Limited
12.4. Erbis Engineering Co. Ltd.
12.5. Samsung Electronics SIEL
12.6. Philips India Limited
12.7. Olympus Medical Systems India Pvt. Ltd.
12.8. Fujifilm Medical Systems India Pvt. Ltd.
12.9. Carestream Health India Pvt. Ltd.
12.10. Shimadzu Medical (India) Pvt. Ltd.
13. Strategic Recommendations
14. About the Publisher & DisclaimerList of Figures
Figure 1: India Diagnostic Imaging Market Size, By Value (USD Million) & By Volume Units), FY2016-FY2026F
Figure 2: Total Number of Hospitals in India, 2019
Figure 3: India Diagnostic Imaging Market Share, By Type, By Value, FY2016-FY2026F
Figure 4: Growing Share of Geriatric Population (Above 60 Years) in India
Figure 5: India Diagnostic Imaging Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 6: India Diagnostic Imaging Market Share, By Source, By Value, FY2016-FY2026F
Figure 7: India Diagnostic Imaging Market Share, By Application, By Value, FY2016-FY2026F
Figure 8: Incidence of Patients with Cancer in India, 2020
Figure 9: India Diagnostic Imaging Market Share, By End Users, By Value, FY2016-FY2026F
Figure 10: India Diagnostic Imaging Market Share, By Component, By Value, FY2016-FY2026F
Figure 11: India Diagnostic Imaging Market Share, By Company, By Value, FY2020
Figure 12: India Diagnostic Imaging Market Share, By Region, By Value, FY2020 & FY2026F
Figure 13: India Diagnostic Imaging Market Share, By Region, By Value, FY2016-FY2026F
Figure 14: India Diagnostic Imaging Market Map, By Type - Market Size (USD Million) & Growth Rate (%)
Figure 15: India Diagnostic Imaging Market Map, By Mobility - Market Size (USD Million) & Growth Rate (%)
Figure 16: India Diagnostic Imaging Market Map, By Source - Market Size (USD Million) & Growth Rate (%)
Figure 17: India Diagnostic Imaging Market Map, By Application - Market Size (USD Million) & Growth Rate (%)
Figure 18: India Diagnostic Imaging Market Map, By End Users - Market Size (USD Million) & Growth Rate (%)
Figure 19: India Diagnostic Imaging Market Map, By Component - Market Size (USD Million) & Growth Rate (%)
Figure 20: India Diagnostic Imaging Market Map, By Region - Market Size (USD Million) & Growth Rate (%)
Figure 21: India X-Ray Imaging Solutions Market Size, By Value (USD Million), FY2016-FY2026F
Figure 22: Total No. of Road Accidents in India (Million), 2016-2019
Figure 23: India X-Ray Imaging Solutions Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 24: India X-Ray Imaging Solutions Market Share, By Source, By Value, FY2016-FY2026F
Figure 25: India X-Ray Imaging Solutions Market Share, By Application, By Value, FY2016-FY2026F
Figure 26: India X-Ray Imaging Solutions Market Share, By End Users, By Value, FY2016-FY2026F
Figure 27: India CT Scanners Market Size, By Value (USD Million), FY2016-FY2026F
Figure 28: India Healthcare Spending, By Value, 2015 -2019 (USD Per Capita)
Figure 29: India CT Scanners Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 30: India CT Scanners Market Share, By Source, By Value, FY2016-FY2026F
Figure 31: India CT Scanners Market Share, By Application, By Value, FY2016-FY2026F
Figure 32: India CT Scanners Market Share, By End Users, By Value, FY2016-FY2026F
Figure 33: India MRI Systems Market Size, By Value (USD Million), FY2016-FY2026F
Figure 34: FDI: Medical Devices (USD Million) (2015-2018)
Figure 35: India MRI Systems Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 36: India MRI Systems Market Share, By Source, By Value, FY2016-FY2026F
Figure 37: India MRI Systems Market Share, By Application, By Value, FY2016-FY2026F
Figure 38: India MRI Systems Market Share, By End Users, By Value, FY2016-FY2026F
Figure 39: India Ultrasound Systems Market Size, By Value (USD Million), FY2016-FY2026F
Figure 40: Total Number of Deliveries in India (Million), FY2015-FY2019
Figure 41: India Ultrasound Systems Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 42: India Ultrasound Systems Market Share, By Source, By Value, FY2016-FY2026F
Figure 43: India Ultrasound Systems Market Share, By Application, By Value, FY2016-FY2026F
Figure 44: India Ultrasound Systems Market Share, By End Users, By Value, FY2016- FY2026F
Figure 45: India Mammography Market Size, By Value (USD Million), FY2016-FY2026F
Figure 46: Age Wise Prevalence of Breast Cancer in India, (%), Out of 100 Patients, 2019
Figure 47: India Mammography Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 48: India Mammography Market Share, By Source, By Value, FY2016-FY2026F
Figure 49: India Mammography Market Share, By Application, By Value, FY2016-FY2026F
Figure 50: India Mammography Market Share, By End Users, By Value, FY2016-FY2026F
Figure 51: India Nuclear Imaging Solutions Market Size, By Value (USD Million), FY2016-FY2026F
Figure 52: India Medical Device Market Size, By Value, 2015 -2019 (USD Billion)
Figure 53: India Nuclear Imaging Solutions Market Share, By Mobility, By Value, FY2016-FY2026F
Figure 54: India Nuclear Imaging Solutions Market Share, By Source, By Value, FY2016-FY2026F
Figure 55: India Nuclear Imaging Solutions Market Share, By Application, By Value, FY2016-FY2026F
Figure 56: India Nuclear Imaging Solutions Market Share, By End Users, By Value, FY2016-FY2026F
Figure 57: Population age 65 years and above (% of total population)List of Tables
Table 1: India X-Ray Machine, Pricing Analysis, By Value (USD), FY2020
Table 2: India Nuclear Imaging Machine, Pricing Analysis, By Value (USD), FY2020
Table 3: India MRI Machine, Pricing Analysis, By Value (USD), FY2020
Table 4: India CT Scan Machine, Pricing Analysis, By Value (USD), FY2020
Table 5: India Ultrasound Machine, Pricing Analysis, By Value (USD), FY2020
Table 6: India Mammography Machine, Pricing Analysis, By Value (USD), FY2020
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Wipro GE Healthcare Pvt. Ltd. (GE Healthcare Limited)
- Siemens Healthineers India
- Allengers Medical Systems Limited
- Erbis Engineering Co. Ltd.
- Samsung Electronics SIEL
- Philips India Limited
- Olympus Medical Systems India Pvt. Ltd.
- Fujifilm Medical Systems India Pvt. Ltd.
- Carestream Health India Pvt. Ltd.
- Shimadzu Medical (India) Pvt. Ltd.
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