India's 3D imaging market is projected to grow from $ 0.55 Bn in 2022 to $ 2.30 Bn by 2030, registering a CAGR of 19.5% during the forecast period of 2022-30. The market will be driven by increasing healthcare spending and positive government initiatives. The market is segmented by product, by application, end-user & by portability. Some of the major players include GE Healthcare, Siemens Healthineers & Philips Healthcare.
India's 3D imaging market is projected to grow from $ 0.55 Bn in 2022 to $ 2.30 Bn by 2030, registering a CAGR of 19.5% during the forecast period of 2022-30. According to World Health Organization (WHO) Global Health Expenditure database, health expenditure of India has grown from $60.27 per person (2.95% of GDP) in 2018 to $ 63.75 per person (3.01% of GDP) in 2019. According to reports, around 21% of the elderly in India suffer at least one chronic condition and the likelihood of having the same is 1.15 times higher in urban inhabitants than in rural residents. Diabetes, stroke, cancer, hypertension, and heart/cardiovascular ailments are the most prevalent ones in India making it a large market space for the 3D Imaging market to aid better diagnostics and treatments for patients.
3D imaging produces a three-dimensional representation of a patient's inner anatomy, providing accurate anatomical information and aiding in the diagnosis and monitoring of a number of medical disorders.3D applications of Computed Tomography (CT) scans, Magnetic Resonance Imaging (MRI) scans, X-ray Imaging Systems, 3D ultrasonography, and Nuclear Imaging systems are all used in a variety of medical fields including cardiology, neurology, cancer, gynecology, and orthopedics.
In February 2023, Abdul Latif Jameel Health, made a distribution agreement with iSono Health, to launch a portable breast imaging scanner called “ATUSA scanner” across 31 countries including India. It is the world’s 1st AI-driven portable 3D Breast ultrasound scanner. “Metropolis Healthcare”, a diagnostic company network, purchased a 51% share in “Shraddha Diagnostic Centre” in January 2020 for Rs 9.36 crores ($1.27 million). This acquisition expands Metropolis Healthcare's geographical reach in India to 9 cities and towns.
Market Growth Drivers
In India, one in four people is likely to die of chronic disease. India is the fourth biggest country in Asia, behind Japan, China, and South Korea, and is in the top 20 countries in terms of medical imaging procedure consumption due to the high population with growing demand for imaging techniques, especially those that are detailed and accurate. The emergence of enhanced data storage and information-sharing methods, such as medical cloud technology, is expanding the market for 3D imaging. This is due to the fact that 3D imaging needs enough resources to process, preserve, transmit, and utilize massive amounts of medical data in order to make proper diagnostic and treatment decisions, and modern cloud computing in medical imaging answers these problems. The Indian government has made major expenditures in the healthcare industry, including advanced 3D imaging technology development. This assistance has aided in the expansion of the 3D imaging market in India by increasing its availability and cost.
Market Restraints
According to the International Labor Organization, there is a global shortage of approximately 10.3 million trained health professionals, with Asia accounting for more than half of the shortage (7.1 million, or 69%). This shortage of competent professionals may result in reduced imaging quality and higher patient expenditures eventually leading to a slowdown in market growth.
Moreover, the high expense of 3D imaging technology and the inability of many patients, particularly in rural regions, to purchase it is a major impediment. The regulatory framework for 3D imaging in India might create entry barriers for new market players. In some areas, limited infrastructure, such as electricity and internet access, might hinder the adoption of modern imaging tools. Traditional imaging techniques such as X-rays and CT scans, which are less expensive and more accessible are highly preferable in India.
Key Players
In India, the Central Drugs Standard Control Organization (CDSCO), which is part of the Ministry of Health and Family Welfare, is the regulatory body for medical equipment, including 3D imaging systems. The CDSCO is in charge of defining medical device standards and guaranteeing their safety and efficacy. The Indian government has put in place a number of policies and measures to stimulate the expansion of the medical device sector, The "Make in India" campaign, for example, intends to make India a worldwide manufacturing powerhouse by encouraging local production and boosting the country's competitiveness in the global market.
Ayushman Bharat, a flagship scheme of the Government of India, was launched as recommended by the National Health Policy 2017, to achieve the vision of Universal Health Coverage (UHC). Ayushman Bharat PM-JAY is the world's largest government-funded health insurance/assurance plan. It covers Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization in India's public and private enrolled facilities.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product (Revenue, USD Billion):
The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.
By Application (Revenue, USD Billion):
The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.
By End User (Revenue, USD Billion):
Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.
By Portability (Revenue, USD Billion):
The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.
Methodology for Database Creation
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How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
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With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:
2. Primary Research
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Combining Secondary and Primary Research
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