Enriching Path Ahead for Image Device Manufacturing in India

1. Enriching Path Ahead for Image Device Manufacturing in India If you planning to enter the imaging diagnostic device manufacturing business in India, then we have good news for you. This market is rising in the nation currently. The India Watch research brings out that this market is supposed to expand and will reach USD 2.2 billion by the year 2026, which is currently USD 977 million. Though a small market in comparison to other major economies, like the UK, USA, and Japan, the industry is growing at a sustainable speed. A huge population base, increasing health awareness, GOI-backed investments in healthcare infrastructure, extension in insurance coverage, etc., are among the major growth drivers in the industry. It is supposed that the industry will also get a positive thrust from the Ayushman Bharat Yojna- a universal healthcare plan by the Government of India that covers 40% of the population. This scheme plans to cover budget-friendly and effective diagnostic services that will also fuel the growth of the device market in India. Insights on the Diagnostic Imaging Device Industry

2. GE Healthcare, Philips Healthcare, Siemens Healthcare, etc., are counted among the top instrument providers in the country. The market also runs on refurbished devices to contain costs. The diagnostic service market in the country is unorganized right now and is majorly handled by a few major diagnostic chains across India, followed by a large base of local service providers, small nursing homes, small-town labs, etc. Some of the key pathological chains include names like- SRL, Dr Lal Path Lab, etc. These labs have made a collective income of USD 170 million via imaging services. This unorganized diagnostic market is slowly changing as larger players are scaling up their game by evolving the business in rural or small towns. The diagnostic market in India will continue to traverse across an accelerated path backed by a surge in demand and a solid foundational base. All these factors are fair-enough to give you insight into how much potential an imaging device manufacturing firm will owe in India. And, to get more detail about how, to begin with, its marketing, feasibility study, etc., The India Watch team is all set. How The India Watch can Help? The India Watch is India-based market research, feasibility study, and business intelligence advisory. The company can offer tailor-made research services to healthcare clients such as hospital chains, pharma companies, pathology enterprises, etc. It can prepare feasibility studies and business plans for new hospitals, pharma companies, device manufacturing plants, etc. It can design and execute healthcare-related market research surveys. Conduct qualitative interviews of industry stakeholders. Offer custom-made research, data, and actionable insights to investors looking to make investments in the Indian healthcare sector. For any further information, feel free to connect at info@theindiawatch.com Follow Us: Facebook | Twitter | LinkedIn | Pinterest | Instagram Call Us: + 91–8197749919 Email Id: paritosh@theindiawatch.com