India CT Scanners Market to Grow with a CAGR of 4.85% through 2028
Increase in the prevalence
of chronic diseases is expected to drive the growth of India CT scanners market
during the forecast period.
According to TechSci Research report, “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, 2018-2028”, the Indian CT Scanner market stood at
USD203.32 Million in 2022 and is expected to grow at a steady CAGR of 4.85%
during the forecast period. Novel Advancements in CT scanners, rising demand
for early and effective diagnostics, and increased
dependency on image-guided scans are some of the elements that are envisioned
as driving factors for India CT scanners market during the forecast period.
A high-slice CT scanner
reduces scan time, improves patient throughput, lowers radiation doses, and
produces images with higher detail and fewer artifacts. Patients with
arrhythmias, rapid heart rates, obesity, and children, on the other hand,
benefit from high-slice systems, which are speedier and have a bigger imaging
area. High slice CT is also faster because no film pictures need to be
produced. Radiologists can use computers to enhance images further to discover
micro-calcifications that would otherwise go undetected on low and medium slice
CT scans. As a result, the benefits of high-slice CT scanners may help the
industry grow. However, the high cost of CT scanners and the lack of production
in India with a dependency on imports are some factors that can hinder the
growth of the India CT scanners market.
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CT Scanner Market"
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The India CT scanners market
is segmented into technology, modality, device architecture, application, end
user, region, and company.
Based on technology, the
market is fragmented into 16-slice, 32-slice, 8 and less than 8 slices,
64-slice, and 128 & Above slice. Amongst them, 16-slice holds the largest
market share covering 34.96% in 2022. This high demand for 16-slice is due to
the several benefits offered by this technology, such as the ability to capture
numerous pictures of a patient’s anatomy and present the required information
in a 3-D format. It takes the images much faster, thereby diminishing the
examination time and increasing the patient’s comfort.
Based on the end user,
the market is divided into hospitals, diagnostic centers, and others. The Hospital segment seem to rule
the market in 2022, with a share of 54.93%, and is expected to grow at a CAGR
of 5.47% in the forecast period. The increase in the number of patients
suffering from various chronic diseases such as cardiovascular diseases,
cancer, neurological problems, etc. has significantly led to an increase in
demand from the hospital industry within the country. Another reason could be
to make a better judgement of when a surgery becomes unavoidable and to aid in
a better cancer diagnosis and treatment.
Based on regional analysis,
South India dominated the market with a market share of 34.52% in the India CT
scanners market. This is due to the highly populated states of South India and
the increased incidence of cardiovascular disorders and cancers in these regions.
As a result, the demand for CT scans is high to offer a better diagnosis and,
therefore, better, and timely treatment of the medical condition. However, a
significant rise in the number of people and manufacturing units on the
country's West side may accelerate the market demand for CT scanners over the
next five years.
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.
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