London: With portable imaging driving accessibility for patients, India’s imaging device market is projected to grow at a CAGR of 7 per cent, crossing $7 billion by 2033.
According to market research by GlobalData, as of 2024, India holds around 20 per cent of the APAC diagnostic imaging devices market. With the increasing adoption of portable imaging, the domestic market is set to expand significantly, reaching $7 billion by 2033.
However, GlobalData also highlighted several challenges hindering widespread adoption. “Portable imaging in India is still in its nascent stage. High ownership costs, complex import regulations, and limited service infrastructure remain key barriers,” the firm noted. “Ongoing maintenance requirements and the need for skilled personnel further add to the cost burden,” it added.
Commenting on market trends, Rohit Anand, Practice Head, Medical Devices, GlobalData, stated, “In emergency and trauma situations, these devices enable rapid on-site diagnostics, reducing the need for patient transfers. For smaller healthcare centers, they offer a cost-effective alternative to full-scale imaging setups, improving access without requiring substantial capital investment.”
“The future of diagnostic imaging in India lies in a hybrid model. As income levels rise and awareness of preventive care increases, demand for portable imaging will accelerate. This evolution promises to reshape healthcare delivery and improve patient outcomes across the nation,” the analyst added.
Global AI-driven imaging products are also expected to lead the market expansion, as they offer higher resolution and lower radiation exposure.
However, with 80-85 per cent of India’s medical device requirements currently met through imports, it remains to be seen who the key beneficiaries of this market expansion will be.
