India CT Scanners Market, By Technology (16-slice, 32-slice, 128 & Above slices, 64-slice, 8 and less than 8 slices), By Modality (Fixed v/s Mobile), By Device Architecture (O-Arm v/s C-Arm), By Application (Cardiology, Oncology, Neurology, Others), By End User (Hospital, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F
India CT scanners market was valued at USD203.32 million in 2022 and is expected to grow further with a CAGR of 4.85% during the forecast period and achieve a market value of USD268.98 million by 2028. The growing demand for diagnostic imaging can attenuate the market growth to identify diseases and health conditions among the country's population. The increasing geriatric population and their requirement for regular diagnostic tests and imaging techniques used to diagnose various chronic diseases further drives the growth of the India CT scanner market in the upcoming five years. The higher prevalence of chronic diseases and increasing instances of infectious diseases like pulmonary infection, lung infection, etc., further supports the growth of the India CT scanners market in the future five years.
Growing research, product innovations, and higher investments in the form of government finances in the academic centers to evolve the product and aid the education of the young practitioners also fuels the growth of India CT scanners market in the forecast years. Higher dependency on radiographic techniques for disease diagnosis as well as research purposes substantiates the growth of India CT scanners market in the forecast period.
The India CT scanners market is segmented by technology, modality, device architecture, application, end user, competitional landscape, and regional distribution. Based on technology, the market is further segmented into 16-slice, 32-slice, 128 & Above slice, 64-slice, 8 and less than 8 slices. By modality, the market is differentiated between fixed and mobile models. Based on device architecture, the market is again divided between o-arm and c-arm. By application, the market is segmented into cardiology, oncology, neurology, and others. Based on end user, the market is fragmented into hospitals, diagnostic centers, and others. The market is also analyzed among the four regions of the country, North India, South India, East India, and West India.
By application, cardiology is anticipated to hold the largest revenue share of the market and dominate the market segment in the upcoming five years on the ground of increasing instances of cardiovascular diseases among the population. The geriatric population is at the highest risk of heart attacks and strokes. Also, the sedentary lifestyle of the younger population often leads to obesity, blood pressure, diabetes, and diseases that fuel the segment's growth along with the growth of the India CT scanners market in the next five years.
Wipro GE Healthcare Private Limited, Siemens Healthcare Private Limited, Philips India Limited, Canon Medical Systems Corporation (Erbis Engineering Company Limited), Hitachi Medical Systems, Allengers Medical Systems Limited, Carestream Health India Private Limited, United Imaging Healthcare Co., Ltd., Trivitron Healthcare Pvt. Ltd., Medirays Corporation, are among the key market players actively operating in the industry and substantiating the growth of the India CT scanners market.
Years considered for this report:
Historical Years: 2018- 2021
Base Year: 2022
Estimated Year: 2023E
Forecast Period: 2024F – 2028F
Objective of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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