India Diagnostic Imaging Market Report 2024: Sector to Reach USD 1,567.9 Million by 2032 at a 8.20% CAGR

India Diagnostic Imaging Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 8.20% (2024-2032)

Market Size in 2023: USD 768.2 Million

Market Size in 2032: USD 1,567.9 Million

The India diagnostic imaging market is growing rapidly, driven by advancements in technology, rising healthcare needs, and increased investments. According to the latest report by IMARC Group, the size reached USD 768.2 Million in ​2023​. Looking forward, IMARC Group expects the market to reach USD 1,567.9 Million by ​2032​, exhibiting a growth rate (CAGR) of 8.20% during ​2024-2032​.

India Diagnostic Imaging Market Trends and Drivers:

The growth of the India diagnostic imaging market is driven by the increasing prevalence of chronic illnesses such as cancer, cardiovascular diseases, and neurological disorders, which necessitate advanced imaging techniques for precise diagnosis and treatment planning. Additionally, the aging population is fueling demand for diagnostic imaging services to detect and manage age-related conditions.

Government initiatives to enhance healthcare infrastructure, coupled with rising healthcare expenditure, are improving access to diagnostic services in urban and rural areas. Furthermore, growing health awareness and the expansion of health insurance are boosting the adoption of imaging technologies like MRI, CT scans, and ultrasound.

Key market trends include the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) to improve the accuracy and efficiency of imaging techniques. AI-powered diagnostic tools are increasingly being used to assist radiologists in quickly and accurately identifying abnormalities. Portable and point-of-care imaging devices are also gaining traction, particularly in rural regions with limited healthcare access.

The heightened focus on preventive healthcare is driving demand for routine screenings, further propelling market growth. Additionally, collaborations between healthcare providers and imaging companies are expanding access to state-of-the-art imaging solutions. These trends are expected to significantly boost the India diagnostic imaging market, transforming healthcare delivery and enhancing patient outcomes over the forecast period.

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India Diagnostic Imaging Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Modality:

  • MRI
    • Low and Mid Field MRI Systems
    • High Field MRI Systems
    • Very High and Ultra High Field MRI Systems
  • Computed Tomography
    • Low-End Scanners
    • Mid-Range Scanners
    • High-End Scanners
  • Ultrasound
    • 2D Ultrasound
    • 3D Ultrasound
    • Others
  • X-Ray
    • Analog Systems
    • Digital Systems
  • Nuclear Imaging
    • Positron Emission Tomography (PET)
    • Single Photon Emission Computed Tomography (SPECT)
  • Others

Breakup by Application:

  • Cardiology
  • Oncology
  • Neurology
  • Orthopedics
  • Gastroenterology
  • Gynecology
  • Others

Breakup by End User:

  • Hospitals
  • Diagnostic Centers
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21405&flag=C

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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