| Product Code: ETC370524 | 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 x-ray generator market import shipments demonstrated a robust growth trajectory over the period 2020-2024, with a notable CAGR of 18.1%. However, there was a sharp decline in growth rate between 2023 and 2024 at -45.5%, indicating a significant slowdown in market expansion towards the end of the period. Despite the deceleration, the market exhibited overall expansion with fluctuating momentum.
The India x-ray generator market size was valued at USD 37 million and is projected to reach USD 51 million, registering a CAGR of 5 %during the forecast period owing to the growing usage of x-ray generators.
The x-ray generator market in India is witnessing growth due to several key drivers. One of the primary drivers is the increasing prevalence of various medical conditions and the rising demand for diagnostic imaging services. X-ray generators are essential components of X-ray machines used in hospitals, clinics, and diagnostic centers for medical imaging. The growing burden of diseases and the need for accurate and timely diagnosis have led to a higher demand for x-ray generators. Additionally, the expansion of the healthcare infrastructure in India, with the establishment of new healthcare facilities and diagnostic centers, has further contributed to market growth. Moreover, the incorporation of digital imaging technologies and the introduction of mobile and portable x-ray systems have expanded the application areas of x-ray generators, driving their adoption in different healthcare settings.
The X-ray generator market in India is experiencing growth, driven by the increasing demand for diagnostic imaging in the healthcare sector. However, the market faces some challenges. One of the primary challenges is the high cost of X-ray generators, which may deter small healthcare facilities and clinics from investing in advanced X-ray equipment. Additionally, concerns about radiation exposure to patients and healthcare professionals may impact the acceptance and utilization of X-ray machines. The lack of proper training and knowledge among radiologists and technicians in handling X-ray equipment may lead to suboptimal image quality and diagnostic accuracy. Moreover, the need for regular maintenance and the availability of spare parts can be a challenge for some healthcare institutions, particularly in rural and remote areas.
The X-ray generator market in India experienced challenges due to the COVID-19 pandemic. With the diversion of healthcare resources towards managing the pandemic, elective medical procedures and diagnostic imaging services faced disruptions during the early stages of the pandemic. This resulted in a reduced demand for X-ray generators in hospitals and diagnostic centers. However, as the country`s healthcare system adapted to the pandemic`s demands, the market gradually recovered. The importance of X-ray imaging in diagnosing COVID-19-related complications and other critical medical conditions supported the demand for X-ray generators. Furthermore, the expansion of medical infrastructure in response to the pandemic, such as setting up temporary hospitals and diagnostic facilities, created additional opportunities for X-ray generator manufacturers. To meet the growing demand and ensure safety, manufacturers emphasized enhancing product reliability, efficiency, and hygiene features.
The X-ray generator market in India has experienced steady growth due to the increasing demand for medical imaging and non-destructive testing applications. Key players in this market include companies like Siemens Healthineers India, General Electric (GE) Healthcare India, Philips India, and Shimadzu Medical (India) Pvt. Ltd. These companies are major players in the medical imaging industry and offer a wide range of X-ray generators, including stationary and mobile units, designed for various medical diagnostic and industrial inspection purposes. They focus on continuous innovation to develop X-ray generators with lower radiation doses, faster imaging capabilities, and improved image quality, ensuring safety and efficiency. To strengthen their market position, these players collaborate with hospitals, clinics, and industrial inspection facilities to provide comprehensive X-ray solutions and technical support.