In 2022, the India CT Scanners Market reached a valuation of USD 203.32 million and is set to grow at a steady Compound Annual Growth Rate (CAGR) of 4.85% during the forecast period. This report delves into the key factors driving this growth, such as technological advancements, increased demand for early diagnostics, and the reliance on image-guided scans in the Indian healthcare sector.
Drivers of Market Growth:
Advancements in CT Scanner Technology: Novel advancements in CT scanner technology have revolutionized the field of medical imaging. The introduction of high-slice CT scanners has brought about several benefits, including reduced scan times, improved patient throughput, lower radiation doses, and higher-quality images with fewer artifacts. These improvements are critical for enhancing patient care and diagnostic accuracy.
Early and Effective Diagnostics: The rising demand for early and effective diagnostics has made CT scanners an indispensable tool in the medical field. These devices aid in the prompt detection of various medical conditions, contributing to more effective treatment and improved patient outcomes.
Dependence on Image-Guided Scans: The medical community’s increasing reliance on image-guided scans for precise interventions and surgical procedures has further boosted the demand for advanced CT scanners. High-slice CT scanners, in particular, offer the speed and detail required for these image-guided procedures.
Challenges and Market Constraints:
High Cost of CT Scanners: The cost of acquiring CT scanners can be a deterrent for many healthcare facilities, particularly smaller ones. The initial investment required for these advanced machines is substantial.
Dependency on Imports: India’s dependency on imported CT scanners due to limited domestic production can pose challenges, including potential supply chain disruptions and increased costs. Strengthening domestic manufacturing capabilities could mitigate these concerns.
Market Segmentation:
Technology: The Indian CT scanners market is segmented based on technology into various categories, with 16-slice technology holding the largest market share, covering 34.96% in 2022. This technology’s popularity stems from its ability to capture multiple images of a patient’s anatomy and present them in a 3-D format, resulting in faster examinations and enhanced patient comfort.
End User: Within the end-user segment, hospitals emerged as the dominant player in 2022, with a 54.93% share and an expected CAGR of 5.47% in the forecast period. The increase in chronic diseases and the need for timely and accurate diagnoses have significantly boosted demand from the hospital sector.
Regional Analysis: South India took the lead in the market, with a share of 34.52% in the Indian CT scanners market. The high population density in South India, coupled with an increased incidence of cardiovascular disorders and cancer, has driven the demand for CT scans for better diagnosis and timely treatment. However, the western part of the country is also poised for significant growth due to a rise in population and manufacturing units.
TechSci Research’s report offers a comprehensive view of the Indian CT Scanners market, providing vital information for stakeholders across various sectors. With the ever-evolving healthcare landscape in India, CT scanners are poised to play a pivotal role in shaping the future of medical diagnostics.
Browse over 25 market data Figures spread through 70 Pages and an in-depth TOC on “India CT Scanner Market”
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The leading companies operating in the India CT scanners market are:
- 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
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“In India, a growing preference for minimally invasive diagnostic treatments, as well as a growing reliance on artificial intelligence and machine learning, would likely drive demand for more effective CT scanners. Furthermore, ongoing initiatives to improve the efficiency of these CT scanners, government-sanctioned efforts, and an increase in the frequency of chronic diseases are predicted to push the India CT scanners market growth through 2028.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India CT Scanners Market By Technology (16-slice, 32-slice, 128 & Above slice, 64-slice, 8-slice 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 Use (Hospital, Diagnostic Centers, Others), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of India CT scanners market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India CT scanners market.
What to Expect in the Sample Report:
- Comprehensive market analysis, including size, trends, and forecasts.
- Insights into the driving forces and challenges.
- Detailed segmentation by technology, end user, and region.
- Competitive landscape with key players.
- Regional dynamics and future growth prospects.
Who Will Benefit from This Report:
- Healthcare Providers: Understand market trends to make informed decisions regarding equipment acquisition and patient care.
- Investors: Gain insights into market potential and investment opportunities in the healthcare sector.
- Manufacturers: Identify growth areas for CT scanner production and technology development.
- Government and Policy Makers: Utilize data for healthcare planning and infrastructure development.
- Academia and Researchers: Access valuable information for medical research and education in the field of diagnostic imaging.
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