India CT Scan Market Analysis

India CT Scan Market Executive Summary

India CT Scan Market was valued at $83.84 Mn in 2023 and is predicted to grow at a CAGR of 10.87% from 2023 to 2030, to $172.64 Mn by 2030.

A CT scan, or computed tomography scan, is a sophisticated imaging procedure that uses X-rays to produce detailed cross-sectional images of the body. Unlike traditional X-rays, CT scans capture multiple views from various angles, which a computer then processes into a three-dimensional representation of internal structures such as organs, bones, and soft tissues. Before the scan, patients may prepare by wearing a gown and removing metal objects. Depending on the type of scan, they might need to ingest a contrast material to enhance the visibility of specific tissues. During the scan, patients lie on a table that moves through a donut-shaped scanner while X-ray images are taken. Afterward, a radiologist interprets the images to diagnose conditions like cancer, heart disease, bone fractures, internal bleeding, and injuries. While CT scans offer detailed diagnostic capabilities, they involve radiation exposure and can be costly, though advancements have minimized risks and enhanced safety. Other imaging options like X-rays, ultrasound, and MRI scans are considered based on specific medical needs and radiation concerns.

Chronic diseases are a significant public health issue among the elderly population in India, with around 21% of those aged 60 and above having at least one chronic condition. This prevalence is higher in urban areas (29%) compared to rural areas (17%). The most common chronic diseases among the elderly are hypertension (38%) and diabetes (31%), followed by heart disease, respiratory diseases, and stroke. There are notable regional variations, with southern states like Kerala (54%), Andhra Pradesh (43%), and West Bengal (36%) having the highest prevalence, while the north-eastern states have lower rates.

The market is therefore driven by significant factors like the rising burden of chronic diseases, growing population, and increasing healthcare expenditure. However, the high cost of CT scanners, shortage of skilled personnel, and power supply issues restrict the growth and potential of the market.

A prominent player in this field is GE Healthcare, which launched a new refurbishing unit in Bangladesh for A1-Sure Ultrasound Systems, aiming to enhance accessibility to affordable ultrasound technology in developing regions, and Siemens Healthineers partnered with Microsoft to utilize Azure cloud services for AI-powered medical imaging solutions, aimed at advancing healthcare delivery with secure and scalable cloud computing. Other contributors include Canon Medical Systems, and Koninklijke Philips N.V. among others.

Market Dynamics

Market Growth Drivers

Rising Burden of Chronic Diseases: India is grappling with a significant health challenge due to chronic diseases like diabetes, which had an estimated prevalence of 11.8% in 2023, and cardiovascular diseases. CT scans are crucial for early diagnosis and effective management of these conditions, helping to reduce complications and improve patient outcomes.

Growing Population: With India's population projected to reach 1.46 Bn by 2030, there is an escalating demand for healthcare services, including diagnostic tools like CT scans. This population growth drives the need for expanded medical infrastructure and advanced diagnostic capabilities to cater to the increasing healthcare needs.

Increasing Healthcare Expenditure: The Indian government is amplifying its healthcare spending, as evidenced by the Union Budget 2022-2023 allocation of $105.05 Mn for healthcare. This growing financial commitment aims to enhance healthcare access and quality, particularly through improved diagnostic services.

Technological Advancements: Innovations in CT scanner technology, such as low-dose and automated scanners, offer substantial benefits. These include reduced radiation exposure, which addresses major patient concerns, improved image quality, and faster scan times, facilitating accurate diagnoses and efficient healthcare workflows, along with increased affordability for healthcare institutions.

Supportive Government Initiatives: Schemes like Ayushman Bharat aim to enhance healthcare access for underprivileged populations, potentially increasing the demand for diagnostic tools like CT scans in public healthcare facilities. These initiatives focus on broadening healthcare coverage and improving diagnostic capabilities in underserved regions.

Market Restraints

High Cost of CT Scanners: Acquisition and maintenance of CT scanners are expensive, posing a significant barrier for many healthcare providers, especially smaller hospitals and facilities in rural areas. High costs can limit the widespread adoption of this critical diagnostic technology.

Shortage of Skilled Personnel: Preparation and interpretation of CT scans require highly trained radiologists. India faces a shortage of skilled professionals, which can impede the optimal utilization of existing CT scanners and affect the quality of diagnostic services provided.

Power Supply Issues: Reliable electricity is vital for the operation of CT scanners, and inconsistent power supply in some parts of India can disrupt services and potentially damage sensitive equipment. This reliability issue poses a significant operational challenge for healthcare providers.

Regulatory Landscape and Reimbursement Scenario

India's medical device market is regulated by the Central Drugs Standard Control Organization (CDSCO) under the Ministry of Health and Family Welfare, ensuring device safety, efficacy, and quality. Devices are classified by risk into four classes (Class A-Low, Class B-Moderate, Class C-High, Class D-Life-threatening), with corresponding regulatory requirements for pre-market approval. Manufacturers, whether domestic or foreign, must submit registration applications that include technical documentation and clinical trial data for higher-risk devices. Conformity assessments by notified bodies, independent organizations verifying compliance, may be required. Post-market surveillance is crucial, with manufacturers responsible for monitoring devices post-launch and reporting adverse events to the CDSCO.

Reimbursement landscape for medical devices in India is complex, involving multiple payers, including public and private health insurance companies and government schemes like Ayushman Bharat. Coverage is limited, with some devices requiring out-of-pocket expenses from patients. Positive developments include initiatives to establish a national pricing and reimbursement framework to enhance transparency and accessibility. However, challenges persist, such as varying coverage policies among insurers, limited price negotiation power for hospitals, and a dynamic regulatory environment, complicating the reimbursement system.

Competitive Landscape

Key Players

Here are some of the major key players in the India CT Scan Market:

• GE HealthCare
• Koninklijke Philips N.V.
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• Canon Medical Systems Corporation
• Fujifilm Holdings Corporation
• Hitachi Healthcare Manufacturing, Ltd.
• Mindray Medical India Pvt. Ltd.
• PerkinElmer Inc.
• Canon Medical Systems