India Diagnostic Imaging Market is Booming and Predicted to Hit USD 1,567.9Billion by 2032

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 increasing healthcare demand, technological advancements, and rising chronic disease cases. 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 high occurrence of chronic diseases like cancer, cardiovascular disorders, neurological conditions, etc., is responsible for the growth of the India diagnostic imaging market. Additionally, the market is propelling owing to the increasing demand for early and accurate diagnoses like MRI, CT scans, and ultrasound.

Besides this, a growing geriatric population, which is more susceptible to chronic illnesses, is contributing to the rising need for diagnostic imaging services. Government initiatives focused on improving healthcare infrastructure, in rural and semi-urban areas, are further supporting market expansion. These programs aim to enhance access to advanced diagnostic facilities, thereby bridging the gap in healthcare delivery. 

The high adoption of innovative technologies and the shift toward minimally invasive diagnostic procedures are augmenting the India diagnostic imaging market. In addition to this, the use of artificial intelligence along with machine learning in imaging systems is revolutionizing the industry by improving the accuracy and efficiency of diagnostic processes. AI-powered tools are assisting radiologists in analyzing complex imaging data, leading to faster and more precise diagnoses.

Furthermore, there is an increasing focus on portable and point-of-care imaging solutions, which offer convenience and flexibility, especially in remote areas. The market is also witnessing growth in demand for 3D and 4D imaging technologies, which provide detailed insights for better clinical decision-making. Rising healthcare awareness and increasing investments from both the public and private sectors are expected to drive the growth of the India diagnostic imaging market in the coming years.

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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.

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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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