India Diagnostic Imaging Market to Reach USD 2.4 Billion by 2033 - Industry Growing at a CAGR of 7.75%

Attributes and Key Statistics of the India Diagnostic Imaging Market Report by IMARC Group:

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Units: USD Billion
Market Size in 2024: USD 1.2 Billion
Market Forecast in 2033: USD 2.4 Billion
Market Compound Annual Growth Rate 2025-2033: 7.75%

As indicated in the latest market research report published by IMARC Group, titled "India Diagnostic Imaging Market Report by Modality (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, and Others), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Others), End User (Hospitals, Diagnostic Centers, and Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

India diagnostic imaging market size reached USD 1.2 Billion in 2024. Looking ahead, the market is expected to reach USD 2.4 Billion by 2033, exhibiting a growth rate (CAGR) of 7.75% during 2025-2033.

Core Factors Driving Market Trends:

India diagnostic imaging market is witnessing robust growth powered by growing healthcare awareness, rising prevalence of chronic diseases, and expanding investments in healthcare infrastructure. Essentially, India's growing aging population and expanding lifestyle disorders like cancer, cardiovascular diseases, and orthopedic issues are driving demand for early diagnosis and correct diagnosis, boosting the need for advanced imaging solutions. Furthermore, increased income levels and swift urbanization are boosting the availability of healthcare services, thus raising the number of patients availing MRI, CT scans, X-rays, and ultrasound treatments.

Aside from that, the government's initiative to promote healthcare accessibility with programs such as Ayushman Bharat and the creation of diagnostic centers in Tier 2 and Tier 3 cities is paving the way for market growth. In addition, advances in technology, including the introduction of AI in radiology, 3D imaging, and cloud storage of images, are improving diagnostic quality and workflow, both of which are compelling public and private hospitals to invest in the latest imaging equipment.

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Additionally, the increasing trend of preventive care and regular health check-ups is boosting the usage of imaging for screening among urban populations. Along with this, the development of mobile diagnostic units and tele-radiology facilities is making imaging diagnostics more accessible in remote and underserved regions. In addition, joint ventures between foreign imaging equipment suppliers and Indian healthcare providers are encouraging the provision of high-end imaging modalities. Additionally, supportive regulatory policies, exemptions on import duty for medical devices, and growing chains for diagnostic centers are driving the expansion of the private imaging market.

Further, the rise of startups and digital health platforms providing diagnostic services is transforming the imaging delivery model by enhancing convenience and affordability. Furthermore, rising insurance penetration and third-party reimbursement coverage are rendering costlier imaging procedures economically feasible for the common patient. Finally, increasing demand for customized medicine and image-guided treatment planning in oncology and neurology is further increasing the role of diagnostic imaging in the treatment process. Overall, a mix of demographic transition, improvement in healthcare infrastructure, technological advancements, and policy environment favoring growth is fueling the rise of India's diagnostic imaging market across urban and rural geographies.

Comprehensive Market Report Highlights & Segmentation Insights:

Modality Insights:

1) MRI
a. Low and Mid Field MRI Systems
b. High Field MRI Systems
c. Very High and Ultra High Field MRI Systems

2) Computed Tomography
a. Low-End Scanners
b. Mid-Range Scanners
c. High-End Scanners

3) Ultrasound
a. 2D Ultrasound
b. 3D Ultrasound
c. Others

4) X-Ray
a. Analog Systems
b. Digital Systems

5) Nuclear Imaging
a. Positron Emission Tomography (PET)
b. Single Photon Emission Computed Tomography (SPECT)

6) Others

Application Insights:

• Cardiology
• Oncology
• Neurology
• Orthopedics
• Gastroenterology
• Gynecology
• Others

End User Insights:

• Hospitals
• Diagnostic Centers
• Others

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

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Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

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