India’s diagnostic imaging market to exceed $7b by 2033

Thanks to rising healthcare expenditure and a greater demand for accessible solutions.

India’s diagnostic imaging market is projected to surpass $7b by 2033 at a compound annual growth rate of approximately 7%, according to GlobalData.

The expansion is attributed to rising healthcare expenditure, an increasing chronic disease burden, and greater demand for accessible diagnostic solutions.

Moreover, the adoption of portable imaging solutions is expected to contribute significantly to market growth, particularly in underserved and rural areas.

Currently, India accounts for around 20% of the Asia-Pacific diagnostic imaging devices market.

However, high ownership costs, complex import regulations, and a lack of service infrastructure pose challenges to widespread adoption.

“To unlock the full potential of portable imaging, it is essential to address regulatory bottlenecks, streamline import processes, and support networks,” said Rohit Anand, Practice Head – Medical Devices at GlobalData.

“The future of diagnostic imaging in India lies in this hybrid model. As income levels rise and awareness of preventive care grows, the demand for portable imaging will accelerate,” Anand added.