The Indian diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The market is driven by various factors including government initiatives for the awareness towards chronic disease diagnosis such as cancer and CVD coupled with the rising healthcare expenditure in the country. The growth in the market will be focused on changing disease profile and favorable demographics in India, socio-economic changes, and urbanization along with a sedentary lifestyle. The foreign healthcare companies and government over the years have tapped the Indian healthcare sector by a series of major acquisitions, new product launch and expansion of field force that further provide significant opportunity to the Indian diagnostic imaging equipment market in the near future. 

The Indian diagnostic imaging equipment market is segmented on the basis of modality and application. Based on the modality, the market is further classified into X-Ray, ultrasound, computed tomography, magnetic resonance imaging (MRI), mammography, and Others (Nuclear Imaging). The X-Ray segment is projected to have a considerable share in the Indian market owing to the high application in various chronic diseases such as CVD, neurological disease, and others. Based on the application, the Indian diagnostic imaging equipment market is further segmented into oncology, orthopedics, cardiovascular, neurology, urology, others. The oncology segment is estimated to grow at a considerable CAGR during the forecast period owing to the growing awareness towards cancer diagnosis coupled with rising healthcare expenditure in the country.

The companies which are contributing to the growth of the Indian diagnostic imaging equipment market include Canon Inc., FUJIFILM Corp., General Electric Co., Hitachi Ltd., Koninklijke Philips N.V., Shimadzu Corp., Siemens AG, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the Indian diagnostic imaging equipment market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for diagnostic imaging equipment providers, medical device manufacturers, distributors, third-party suppliers, hospitals & clinics, government organizations, regulatory bodies, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

1. Indian Diagnostic Imaging Equipment Market Research and Analysis by Modality
2. Indian Diagnostic Imaging Equipment Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Indian diagnostic imaging equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian diagnostic imaging equipment market.
• Insights about market determinants that are stimulating the Indian diagnostic imaging equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.