| Product Code: ETC4469365 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India magnetic resonance imaging systems market import shipment demonstrated robust growth with a CAGR of 37.2% from 2020-2024. However, the growth rate slightly moderated between 2023-2024, showing signs of stabilization. Overall, the market expanded significantly over the period, maintaining positive momentum.
Magnetic resonance imaging (MRI) systems are crucial for non-invasive diagnostics in India healthcare sector. As the country`s healthcare industry continues to expand and modernize, the demand for high-quality MRI systems is on the rise. The market is expected to grow as healthcare providers prioritize advanced diagnostic capabilities.
The India Magnetic Resonance Imaging Systems Market is expanding due to the growing need for non-invasive, high-resolution imaging for various medical conditions. The increase in chronic diseases, such as cardiovascular disorders and cancer, is driving the demand for MRI systems. Furthermore, the adoption of advanced MRI technologies, including 3T and 7T MRI scanners, is enhancing diagnostic capabilities and is expected to drive market growth in the coming years.
The India magnetic resonance imaging (MRI) systems market confronts challenges related to high initial costs and maintenance expenses. The installation of MRI machines necessitates a stable power supply and skilled technicians, which can be problematic in certain regions. The lack of awareness among healthcare providers and patients about the benefits of MRI can lead to underutilization. Additionally, the market faces regulatory hurdles and the need for adherence to quality and safety standards. Competition from established and emerging MRI system manufacturers also adds to the competitive landscape.
The COVID-19 pandemic had a substantial impact on the India magnetic resonance imaging (MRI) systems market. The initial disruptions in supply chains and healthcare services led to a temporary slowdown in MRI system installations. However, the pandemic also highlighted the critical role of MRI in diagnosing and monitoring various medical conditions, especially in cases related to respiratory illnesses. As healthcare facilities adapted to the new normal, the demand for advanced MRI systems, including those with telehealth capabilities, increased. The market is expected to rebound as healthcare providers prioritize diagnostic imaging in their patient care strategies.
Major participants in India MRI systems market are Siemens Healthineers, GE Healthcare, Philips, and Hitachi Medical Systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Magnetic Resonance Imaging Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Magnetic Resonance Imaging Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Magnetic Resonance Imaging Systems Market - Industry Life Cycle |
3.4 India Magnetic Resonance Imaging Systems Market - Porter's Five Forces |
3.5 India Magnetic Resonance Imaging Systems Market Revenues & Volume Share, By Field Strength, 2021 & 2031F |
3.6 India Magnetic Resonance Imaging Systems Market Revenues & Volume Share, By Architecture, 2021 & 2031F |
4 India Magnetic Resonance Imaging Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of chronic diseases requiring diagnostic imaging |
4.2.2 Technological advancements in MRI systems leading to improved image quality and diagnostic accuracy |
4.2.3 Rising healthcare infrastructure and investment in medical imaging equipment in India |
4.3 Market Restraints |
4.3.1 High cost associated with MRI systems, limiting adoption in smaller healthcare facilities |
4.3.2 Limited availability of skilled professionals for operating and interpreting MRI scans |
4.3.3 Regulatory challenges and compliance requirements in the healthcare sector in India |
5 India Magnetic Resonance Imaging Systems Market Trends |
6 India Magnetic Resonance Imaging Systems Market, By Types |
6.1 India Magnetic Resonance Imaging Systems Market, By Field Strength |
6.1.1 Overview and Analysis |
6.1.2 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Field Strength, 2021-2031F |
6.1.3 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By High-field MRI systems (1.5T to 3T), 2021-2031F |
6.1.4 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Low-to-mid-field MRI systems (<1.5T), 2021-2031F |
6.1.5 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Very-high-field MRI systems (4T and above), 2021-2031F |
6.2 India Magnetic Resonance Imaging Systems Market, By Architecture |
6.2.1 Overview and Analysis |
6.2.2 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Closed MRI systems, 2021-2031F |
6.2.3 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Standard bore MRI, 2021-2031F |
6.2.4 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Wide bore MRI, 2021-2031F |
6.2.5 India Magnetic Resonance Imaging Systems Market Revenues & Volume, By Open MRI systems, 2021-2031F |
7 India Magnetic Resonance Imaging Systems Market Import-Export Trade Statistics |
7.1 India Magnetic Resonance Imaging Systems Market Export to Major Countries |
7.2 India Magnetic Resonance Imaging Systems Market Imports from Major Countries |
8 India Magnetic Resonance Imaging Systems Market Key Performance Indicators |
8.1 Average scan time per patient |
8.2 Percentage of repeat scans due to technical issues |
8.3 Adoption rate of advanced MRI features and functionalities |
8.4 Utilization rate of MRI systems in different healthcare facilities |
8.5 Patient satisfaction scores related to MRI services |
9 India Magnetic Resonance Imaging Systems Market - Opportunity Assessment |
9.1 India Magnetic Resonance Imaging Systems Market Opportunity Assessment, By Field Strength, 2021 & 2031F |
9.2 India Magnetic Resonance Imaging Systems Market Opportunity Assessment, By Architecture, 2021 & 2031F |
10 India Magnetic Resonance Imaging Systems Market - Competitive Landscape |
10.1 India Magnetic Resonance Imaging Systems Market Revenue Share, By Companies, 2024 |
10.2 India Magnetic Resonance Imaging Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |