Increasing disposable income
of the consumers coupled with improved healthcare facilities to drive India
diagnostic imaging market
According
to TechSci Research report, “India Diagnostic Imaging
Market By Type (X-Ray Imaging Solutions, Ultrasound
Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography,
Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import),
By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology,
Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers,
Ambulatory Care Centers, Others), By Component (OEM v/s Refurbished), By Region,
Forecast & Opportunities, FY2026”, the
Indiadiagnostic imaging market was valued USD 1655.35 Million in FY2019 and is
projected to grow at 9.03% in value terms until FY2026 on account of the ongoing
technical advancements in digital imaging procedures. Additionally, increasing
foreign direct investments for improving the healthcare facilities in India is
further expected to propel the market growth through FY2026. Furthermore,
emergence of India as a potential medical tourism hub is further expected to
fuel the market growth over the next few years. Besides, growing prevalence of
non-communicable diseases in the country is further expected to spur the market
growth. However, procedures such as CT Scan are quite capital intensive. This might
restrict the market growth during the forecast period. Furthermore, shortage of
radiologists and other skilled professionals to carry out the diagnostic
procedure might further impede the market growth through FY2026. Moreover, high
import tariffs might further hider the market growth until FY2026.
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