| Product Code: ETC365664 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India irradiation apparatus market import shipments demonstrated significant growth from 2020 to 2024, with a robust CAGR of 18.9%. The market accelerated further between 2023 and 2024, showing a growth rate of 30.6%. The market expanded rapidly, indicating strong momentum and a positive overall trend in the period under review.
The irradiation apparatus market in India is projected to witness steady growth over the forecast period, on account of the rising prevalence rate for food-borne illnesses due to the consumption of contaminated food items along with increasing demand for fruits & vegetables due to changing lifestyles among the India population. Furthermore, growing awareness about safety standards related to hygiene regulations provided by FSSAI (Food Safety Standards Authority Of India) has supported the adoption rate for irradiation apparatus across the country which will further increase its market size over coming years. The market is anticipated to grow at a CAGR of 5% during 2025-2031F owing to factors such as a rise in disposable income levels amongst consumers along with expanding presence of retail store chains across the country resulting in increased penetration rates.
The India Irradiation Apparatus Market has seen significant growth due to the increasing adoption of irradiation technologies in diverse applications such as food preservation, healthcare, and materials testing. Irradiation offers effective sterilization and preservation capabilities, prolonging the shelf life of food products and enhancing safety in healthcare. Additionally, advancements in radiation technology and the government`s focus on enhancing food safety standards have further boosted market growth.
One of the significant challenges is public perception and awareness about irradiation technology. There can be misconceptions and fears surrounding the use of ionizing radiation, which may lead to resistance from some segments of society. Educating the public and stakeholders about the safety and benefits of irradiation technology is essential for its wider acceptance and market growth. Moreover, stringent regulations and safety standards govern the use of irradiation apparatus, and compliance with these regulations can be complex and expensive. Market players must invest in safety measures, training, and equipment maintenance to meet regulatory requirements. Ensuring adherence to these standards will be critical to maintaining the credibility and sustainability of the irradiation apparatus market in India.
The COVID-19 pandemic had a considerable impact on the Irradiation Apparatus Market in India. During the pandemic`s peak, the market experienced disruptions in production, supply chain challenges, and logistical issues. Many research and medical facilities faced budget constraints and diverted resources to combat the healthcare crisis. As a result, the demand for irradiation apparatus witnessed a temporary decline. However, the market witnessed a gradual recovery as the healthcare sector adapted to the new normal, and research activities resumed with a focus on understanding the virus and developing vaccines. Moreover, the increasing adoption of sterilization and disinfection practices in various industries, including healthcare and pharmaceuticals, further bolstered the demand for irradiation apparatus. In the long term, the market is expected to benefit from growing applications in research, healthcare, and sterilization processes.
Key players in the India Irradiation Apparatus Market include Varian Medical Systems Inc., Elekta AB, and Shinva Medical Instrument Co. Ltd.