India Computed Tomography Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India Computed Tomography Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

India computed tomography (CT) market was valued at USD 229.61 million in 2021 and is projected to register a CAGR of 7.1% during the forecast period (2022-2027).

As a result of the COVID-19 pandemic, the diagnostic imaging sector was largely hampered due to restrictions on certain surgical procedures. According to a survey published in the British Journal of Surgery (BMJ) 2021, the number of procedures canceled in India in 2020 was approximately 48,728 per week, or nearly 585,000 during a 12-week period. These delays in elective surgery can convert into emergency surgeries, lowering survival rates. When preventive operations are postponed, experts fear that mild problems, small tumors, and early symptoms that can be treated with the appropriate diagnosis would have increased. According to a BMJ study, even a four-week delay in surgical, systemic, and radiotherapy cancer treatment was linked to an increased risk of death across all three modalities. Therefore, COVID-19 has affected the market studied in significant way.

Growth in the number of trauma cases on account of severe injuries, rising cancer incidences, and a surge in demand for computed tomography devices for the diagnosis of cardiovascular and orthopedic disorders are propelling the market growth in India. In addition, the geriatric population is more prone to chronic diseases due to the weak immune system. According to the Report of the Technical Group on Population Projections for India and States 2011-2036, there were nearly 138 million elderly persons in India as of the end of the year 2021, and this number is expected to reach 225.428 million by 2050. This expected increase in the elderly population will increase the incidence rate of chronic diseases in the country, thus driving the use of computed tomography in their diagnosis, hence boosting the market.

Key Market TrendsCardiovascular Applications are Expected to Witness Strong Growth

The rise in the prevalence of cardiovascular disorders and greater applications of CT scan in diagnosing cardiac issues are the major factors attributed to the growth of this segment in India. Many research studies are also being conducted leading to greater innovation that can boost market growth.

Additionally, according to a study titled, ‘Cardiovascular disease (CVD) and its associated risk factors among older adults in India’ published by Sampurna Kundu et al., in December 2021, the mortality associated with coronary artery disease in Indians were approximately 20–50% higher than in any other population. Higher rates of mortality associated with cardiac diseases are boosting the demand for the use of CT scans in the diagnosis of heart ailments.

New developments in the Indian Computed Tomography Market include product launches and approvals, partnerships, collaborations, mergers, and acquisitions. For instance, in September 2020, Tamil Nadu Health Minister inaugurated the country’s first 640 slices CT scanner at Apollo Hospital in Chennai. The new CT scanner is designed to take diagnosis to the next level, and scan the entire heart in less than one-third of a second to allow rapid diagnosis. The coronary CT and entire aortogram can be done together with this scanner.

Therefore, with the above-mentioned factors, the segment is expected to witness strong growth over the forecast period.

Competitive Landscape

The computed tomography (CT) market is consolidated due to the presence of a few major players, including Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers. These major players hold a significant share in the industry. Most of the players focus on bringing technologically advanced products into the market to acquire the maximum market share.

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