Millennium Research Group (MRG), leveraging medical technology market intelligence stated that the diagnostic imaging systems’ considerably underpenetrated Indian market will testify an increasing annual growth rate of 9% progressing to reach $830 M by 2016.
Strong growth will be observed specifically in small hospitals and services in rural areas that are unfamiliar with imaging capability. However, sophisticated systems like digital and analog X-ray imaging, CT and MRI systems have an increased demand in urban facilities.
Ultrasound systems exhibit an increased unit growth, with increase in midrange systems by 15 % annually and low-end systems by 12 % through 2016. Owing to the strong market competition, the average selling prices will deteriorate over this time period.
Legal restrictions on portable ultrasound systems usage, which are being employed in the illegal sex-selective abortion of female fetuses has impacted the unit growth of ultrasound systems. However, the X-ray system division will be a rapidly advancing imaging component in the Indian market, including affordable analog systems to advanced digital systems such as DR systems and direct radiography (DR) retrofits. Computed radiography installation is also expected to increase.
Millennium Research Group’s Indian Markets for Diagnostic Imaging Systems 2012 report comprises of unit, revenue information and average selling price, market drivers, ultrasound systems, X-ray systems, competitive landscape for magnetic resonance imaging (MRI) systems, and computed tomography (CT) systems in India.
Source: http://mrg.net/