The Indian health imaging market is expected to double from the existing $350 million in the next five years, according to estimates by London-based market intelligence firm Tekplus.
In 2009, the imaging modalities of x-ray, ultrasound, CT, and MRI are collectively estimated to account for 68.6% of the health imaging market. The rest is expected to come from other health imaging modalities, including mammography, PET, and SPECT, according to Tekplus.
The highest growth is expected from the other health imaging equipment segment with greater penetration of mammography, PET, SPECT, and nuclear medicine for diagnostic and therapeutic purposes, the firm stated.
The firm's research report, "Indian Health Imaging Market", covers the demographics of healthcare in the country, regulatory policy factors, economic factors, market conditions, and opportunities for growth.
The research report "analyses the current status and how we expect it to evolve in the next five years in different product segments," Tekplus said.
Anurag Sultania, the firm's industry analyst, attributed the growth to increasing health awareness, increase in per capita spending, entry of private corporations, favourable government policies, and better health insurance schemes among other reasons.
By AuntMinnie.com staff writers
March 28, 2005
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