India Computed Tomography (CT) Market Outlook to 2030

Region:Asia

Author(s):Sanjeev

Product Code:KROD2398

Published On

November 2024

Total pages

93

About the Report

India Computed Tomography Market Overview

  • The India Computed Tomography (CT) market was valued at approximately USD 265.36 million based on historic 5-year data, driven by the increasing prevalence of chronic diseases, advancements in imaging technology, and the growing demand for early diagnostic tools in healthcare. The market is segmented into low-slice, mid-slice, high-slice, and dual-source CT scanners, with mid-slice CT scanners dominating due to their affordability and wide application in routine diagnostics.
  • Major players in the India CT market include GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems, and Hitachi Healthcare. These companies are known for their innovative product portfolios and focus on delivering high-quality imaging systems. GE Healthcare leads the market with its cutting-edge CT solutions like the Revolution Apex, known for its high resolution and faster imaging.
  • In Northern India, Delhi NCR and Maharashtra are prominent markets, driven by high investments in healthcare infrastructure, a growing number of diagnostic centers, and a rising incidence of lifestyle-related diseases such as cardiovascular disorders and cancer. These regions are characterized by advanced medical facilities and a strong preference for technologically superior diagnostic equipment.
  • In 2023, Philips Healthcare introduced a new AI-powered spectral CT scanner, aimed at providing enhanced image quality and reducing radiation dose for patients. This innovation highlights the shift towards integrating artificial intelligence in medical imaging, reflecting broader trends in the healthcare sector for precision and patient safety.market overviews

India Computed Tomography Market Segmentation

The India Computed Tomography Market can be segmented by product type, application, and region:

  • By Product Type: The market is segmented into low-slice (1-16 slices), mid-slice (32-64 slices), high-slice (128-256 slices), and dual-source (above 256 slices) CT scanners. In 2023, mid-slice CT scanners were the most dominant due to their cost-effectiveness and broad clinical applications, including general diagnostics and oncology. However, the demand for high-slice and dual-source scanners is increasing, particularly in specialized fields like cardiology and neurology, where advanced imaging capabilities are essential.market overviews
  • By Application: The CT market is segmented by application into oncology, cardiology, neurology, and orthopedic. Oncology is the leading application, driven by the growing need for early detection of cancer and the use of CT in planning radiation therapy. Cardiology is another fast-growing segment, benefiting from the development of cardiac CT for non-invasive heart imaging.market overviews
  • By Region: The India market is regionally segmented into North, South, East, and West. In 2023, Northern India leads the market due to a strong healthcare infrastructure, followed by Western India, where cities like Mumbai and Pune are investing heavily in diagnostic technologies. Southern India, with its growing medical tourism sector, is also emerging as a key market.

India Computed Tomography Market Competitive Landscape

Company

Establishment Year

Headquarters

GE Healthcare

1892

Chicago, USA

Siemens Healthineers

1847

Erlangen, Germany

Philips Healthcare

1891

Amsterdam, Netherlands

Canon Medical Systems

1930

Tochigi, Japan

Hitachi Healthcare

1910

Tokyo, Japan

  • GE Healthcare: In 2023, GE Healthcare launched the Revolution Ascend, a next-generation CT scanner designed for oncology imaging. This system improves patient comfort and delivers high-definition images with reduced radiation exposure. GEs extensive research in imaging technology and focus on precision medicine have solidified its market leadership.
  • Siemens Healthineers: Siemens introduced the SOMATOM Force in 2023, a dual-source CT scanner that provides faster imaging at low doses, ideal for cardiac and pediatric imaging. The product strengthens Siemens position in the high-end CT segment, where demand for precision and low-dose imaging is growing.

India Computed Tomography Market Analysis

Market Growth Drivers:

  • Rising Prevalence of Chronic Diseases: In 2023, there were approximately 2.25 million new cancer cases diagnosed in India, contributing to the increasing demand for CT scanners in oncology. Additionally, around 60 million people in India suffer from cardiovascular diseases, making CT imaging essential for diagnosis and treatment planning.
  • Increasing Healthcare Investments: The Indian government allocated over USD 30 billion to healthcare in 2023 under the National Health Mission, which includes funding for diagnostic infrastructure improvements. This has led to the establishment of more diagnostic centers equipped with advanced CT scanners.
  • Growing Medical Tourism: In 2023, India received over 500,000 medical tourists, many of whom sought diagnostic and therapeutic services that require advanced imaging technologies such as CT scanners. The demand for quality healthcare is boosting the installation of CT systems in private and government hospitals.

Market Challenges:

  • High Costs of Advanced Systems: The high initial costs of advanced CT systems, especially dual-source and high-slice scanners, remain a challenge, particularly for smaller hospitals and diagnostic centers. This could limit market growth in tier 2 and tier 3 cities where healthcare budgets are constrained.
  • Regulatory Challenges: The market is subject to stringent regulations for medical device safety and performance standards. Compliance with these regulations can be challenging, especially for new entrants and smaller companies lacking the resources for rigorous testing and certification processes.
  • Shortage of Skilled Professionals: A shortage of radiologists and skilled technicians to operate advanced imaging systems like CT scanners is another challenge, particularly in rural areas. This can impact the adoption and effective utilization of advanced diagnostic equipment.

Government Initiatives:

  • Ayushman Bharat Scheme: The Indian government allocated over USD 1.6 billion for the Ayushman Bharat healthcare program in 2023, Specifically, the allocation for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) was estimated at 7,200 crore (approximately USD 870 million), representing a 12% increase from the previous year's revised estimate. Additionally, the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) received an allocation of 4,200 crore (approximately USD 510 million) for the same period.
  • National Digital Health Mission (NDHM): The Indian government has allocated around USD 200 million for the National Digital Health Mission in 2023, focusing on the digitization of healthcare services, which includes enhancing diagnostic infrastructure such as CT scanners across public hospitals.

India Computed Tomography Market Future Outlook

The India Computed Tomography Market is expected to grow steadily, driven by the increasing demand for advanced diagnostic tools, government initiatives to enhance healthcare access, and technological advancements in imaging.

Future Market Trends:

  • Growing Popularity of Dual-Energy and Spectral CT Scanning: These advanced CT techniques, which provide better tissue characterization and more detailed images, are expected to see increased adoption. Dual-energy CT is especially useful in cardiology, oncology, and trauma care, offering improved diagnostic accuracy for complex conditions.
  • Customization and Precision Imaging Solutions: With the rise of personalized medicine, CT scanners tailored for specific clinical applications such as cardiology, oncology, and neurology will become more common. These solutions will be designed to meet the specific needs of different patient populations, including those requiring precise, targeted imaging.
  • Evolving Tele-radiology Solutions: The future will see increased integration of tele-radiology, where CT scans can be remotely analyzed by radiologists, enabling faster diagnosis in regions with a shortage of specialists. This will be especially beneficial for remote or rural areas with limited access to radiologists.

Scope of the Report

By Region

West

East

North

South

By Application

Oncology

Cardiology

Neurology

Orthopedic

By Product Type

Low-slice CT Scanners

Mid-slice CT Scanners

High-slice CT Scanners

Dual-source CT Scanners

Products

Key Target Audience Organizations and Entities Who Can Benefit by Subscribing to This Report:

  • Banks and Financial Institutions

  • Government and Regulatory Bodies (MoHFW, CDSCO, NABH, AERB)

  • Diagnostic Centers and Hospitals

  • Medical Device Manufacturers

  • Healthcare Investors

  • E-commerce Companies

  • Medical Imaging Technology Firms

Time Period Captured in the Report:

  • Historical Period: 2018-2023

  • Base Year: 2023

  • Forecast Period: 2023-2028

Companies

Players Mentioned in the Report:

  • GE Healthcare

  • Siemens Healthineers

  • Philips Healthcare

  • Canon Medical Systems

  • Hitachi Healthcare

  • Fujifilm Healthcare

  • Wipro GE Healthcare

  • Allengers

  • Trivitron Healthcare

  • Carestream Health

  • Toshiba Medical Systems

  • Shimadzu Corporation

  • Hologic

  • Mindray

  • Neusoft Medical Systems

Table of Contents

1. India Computed Tomography (CT) Market Overview

1.1. Definition and Scope

1.2. Market Taxonomy

1.3. Market Growth Rate

1.4. Market Segmentation Overview

2. India Computed Tomography (CT) Market Size (in USD Mn), 2018-2023

2.1. Historical Market Size

2.2. Year-on-Year Growth Analysis

2.3. Key Market Developments and Milestones

3. India Computed Tomography (CT) Market Analysis

3.1. Growth Drivers

3.1.1. Prevalence of Chronic Diseases

3.1.2. Healthcare Infrastructure Investments

3.1.3. Growing Medical Tourism

3.2. Restraints

3.2.1. High Initial Costs

3.2.2. Regulatory Challenges

3.2.3. Lack of Skilled Workforce

3.3. Opportunities

3.3.1. Technological Advancements

3.3.2. Expansion into Tier 2 and Tier 3 Cities

3.4. Trends

3.4.1. AI-Powered Imaging

3.4.2. Adoption of Dual-Energy CT

3.4.3. Growth in Tele-Radiology Solutions

3.5. Government Regulation

3.5.1. Ayushman Bharat Scheme

3.5.2. National Digital Health Mission (NDHM)

3.5.3. Medical Device Regulations

3.6. SWOT Analysis

3.7. Stake Ecosystem

3.8. Competition Ecosystem

4. India Computed Tomography (CT) Market Segmentation, 2023

4.1. By Product Type (in Value %)

4.1.1. Low-slice CT Scanners

4.1.2. Mid-slice CT Scanners

4.1.3. High-slice CT Scanners

4.1.4. Dual-source CT Scanners

4.2. By Application (in Value %)

4.2.1. Oncology

4.2.2. Cardiology

4.2.3. Neurology

4.2.4. Orthopedic

4.3. By Region (in Value %)

4.3.1. North

4.3.2. South

4.3.3. East

4.3.4. West

5. India Computed Tomography (CT) Market Cross Comparison

5.1 Detailed Profiles of Major Companies

5.1.1. GE Healthcare

5.1.2. Siemens Healthineers

5.1.3. Philips Healthcare

5.1.4. Canon Medical Systems

5.1.5. Hitachi Healthcare

5.1.6. Fujifilm Healthcare

5.1.7. Wipro GE Healthcare

5.1.8. Allengers

5.1.9. Trivitron Healthcare

5.1.10. Carestream Health

5.1.11. Toshiba Medical Systems

5.1.12. Shimadzu Corporation

5.1.13. Hologic

5.1.14. Mindray

5.1.15. Neusoft Medical Systems

5.2 Cross Comparison Parameters (No. of Employees, Headquarters, Inception Year, Revenue)

6. India Computed Tomography (CT) Market Competitive Landscape

6.1. Market Share Analysis

6.2. Strategic Initiatives

6.3. Mergers and Acquisitions

6.4. Investment Analysis

6.4.1. Venture Capital Funding

6.4.2. Government Grants

6.4.3. Private Equity Investments

7. India Computed Tomography (CT) Market Regulatory Framework

7.1. Medical Device Standards

7.2. Compliance Requirements

7.3. Certification Processes

8. India Computed Tomography (CT) Future Market Size (in USD Mn), 2023-2028

8.1. Future Market Size Projections

8.2. Key Factors Driving Future Market Growth

9. India Computed Tomography (CT) Future Market Segmentation, 2028

9.1. By Product Type (in Value %)

9.2. By Application (in Value %)

9.3. By Region (in Value %)

10. India Computed Tomography (CT) Market Analysts Recommendations

10.1. TAM/SAM/SOM Analysis

10.2. Customer Cohort Analysis

10.3. Marketing Initiatives

10.4. White Space Opportunity Analysis

Disclaimer

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Research Methodology

Step 1: Identifying Key Variables

We begin by referencing multiple secondary and proprietary databases to conduct desk research. This includes gathering industry-level information on market drivers, challenges, key players, technological advancements, and market dynamics. We also assess regulatory impacts and market trends specific to the Indian medical imaging market.

Step 2: Market Building

We collect historical data on market size, growth rates, product segmentation (low-slice, mid-slice, high-slice, and dual-source CT scanners), and the distribution of applications (oncology, cardiology, neurology, and orthopedic). We also analyze market share and revenue generated by leading companies, emerging trends in diagnostic technology, and healthcare infrastructure development to ensure accuracy and reliability in the data presented.

Step 3: Validating and Finalizing

We perform Computer-Assisted Telephone Interviews (CATIs) with industry experts, including representatives from leading CT scanner manufacturers, diagnostic centers, and hospitals. These interviews validate the statistics collected and provide insights into operational and financial aspects, such as pricing strategies, supply chain management, and adoption trends for advanced imaging technologies.

Step 4: Research Output

Our team interacts with radiologists, healthcare professionals, and market analysts to understand the dynamics of market segments, evolving healthcare demands, and technological trends. This process helps validate the derived statistics using a bottom-up approach, ensuring that the final data accurately reflects actual market conditions.

Frequently Asked Questions

01. How large is the India Computed Tomography Market?

Based on historic 5-year data, the India Computed Tomography Market was valued at approximately USD 265.36 million. The market's growth is driven by the increasing prevalence of chronic diseases, rising healthcare expenditure, and advancements in imaging technology, particularly in urban centers.

02. What are the challenges in the India Computed Tomography Market?

Key challenges in the India Computed Tomography Market include the high cost of advanced CT systems, regulatory hurdles related to medical device approvals, and a shortage of skilled radiologists, especially in rural areas. Additionally, the increasing competition among local and global manufacturers adds pressure on pricing and product innovation.

03. Who are the major players in the India Computed Tomography Market?

Major players in the India CT Market include GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems, and Hitachi Healthcare. These companies lead the market with advanced product offerings, strong brand presence, and continuous innovation in diagnostic imaging technologies.

04. What are the growth drivers of the India Computed Tomography Market?

Key growth drivers include the rising prevalence of chronic diseases such as cancer and cardiovascular conditions, the government's focus on improving healthcare infrastructure through programs like Ayushman Bharat, and technological advancements like AI-powered CT scanners, which enhance diagnostic accuracy and patient safety.

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