India 3d Medical Imaging Devices Market Size & Outlook
India 3d medical imaging devices market, 2018-2030 (US$M)
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India 3d medical imaging devices market highlights
- The India 3d medical imaging devices market generated a revenue of USD 495.7 million in 2023 and is expected to reach USD 887.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating device type in 2023.
- Software is the most lucrative device type segment registering the fastest growth during the forecast period.
3d medical imaging devices market data book summary
| Market revenue in 2023 | USD 495.7 million |
| Market revenue in 2030 | USD 887.7 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Siemens Healthineers AG ADR, Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Canon Inc, Hitachi Ltd, Shimadzu Corp, Esaote, Digirad, UMG/DEL MEDICAL |
Other key industry trends
- In terms of revenue, India accounted for 4.2% of the global 3d medical imaging devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan 3d medical imaging devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,232.1 million by 2030.
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3D Medical Imaging Devices Market Scope
3D Medical Imaging Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 3d medical imaging devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 3d medical imaging devices market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.46% in 2023. Horizon Databook has segmented the India 3d medical imaging devices market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
India’s diagnostic imaging market is fragmented, ranging from large diagnostic clinics to private scanning centers, and from government health centers to hospitals. Only 20% of the total healthcare in the country is provided by the government sector and a large portion of the secondary care is delivered by private diagnostic centers.
However, in recent years, there has been a substantial shift toward corporatization of diagnostic centers with 50% of total imaging centers expected to be part of chains or institutions. The demand for 3D medical imaging equipment is expected to increase over the coming years, owing to various initiatives undertaken by major players and introduction of affordable technologies that can be made accessible to patients at lower prices.
At present, the medtech industry in India is small, but is expanding rapidly. The market is highly fragmented with limited indigenous manufacturing. In November 2021, there was a collaboration between the Indian Council of Medical Research (ICMR) and the Indian Institutes of Technology (IIT) to drive the Make-in-India product development & commercialization initiative in the medical devices & diagnostics space.
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Our clientele includes a mix of 3d medical imaging devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India 3d medical imaging devices market , including forecasts for subscribers. This country databook contains high-level insights into India 3d medical imaging devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India 3d medical imaging devices market size, by device type, 2018-2030 (US$M)
India 3D Medical Imaging Devices Market Outlook Share, 2023 & 2030 (US$M)
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