Market Trends of India Computed Tomography Industry
Neurology Segment is Expected to Witness Significant Growth Over the Forecast Period
The neurology segment includes neurological disorders such as multiple sclerosis, Alzheimer's, Dementia, and others diagnosed by computed tomography imaging. CT scanning of the brain enables to differentiate of the brain area affected by the disorder.
The neurology segment is expected to grow during the forecast period with the high burden of neurological disorders and the advancing research of neurological diseases' diagnosis using CT systems. For instance, per the data published by the Organization for Economic Cooperation and Development (OECD) in 2021, over 5.3 individuals in every 1,000 people in India were reported to have Dementia 2021. The same source stated that this number is expected to increase to 11.8 individuals in every 1,000 people in India by 2050. With such a vast patient base of Dementia in India, the demand for CT systems for diagnosing and researching the abovementioned neurological disease will increase, boosting the segment's growth.
Research studies by Indian researchers have underlined the technological advancements in CT imaging for neurological disease diagnosis, which are expected to attract more growth opportunities for the segment. For instance, a study published in the journal Postgraduate Medical Journal in January 2022 demonstrated the high potential of cerebral perfusion CT (PCT) for the early diagnosis of Dementia. The study stated that the PCT is a reliable imaging modality for early diagnosis of Dementia and in differentiating vascular Dementia from Alzheimer's disease. Such studies can improve the diagnosis and the early detection of difficult-to-diagnose neurological conditions. These factors are expected to tap the unmet diagnosis needs of the patient base and boost the segment's growth.
Also, investments by the public and private bodies in neurology research are on the rise, creating more demand for CT systems in the country and boosting market growth. For instance, in June 2022, the Centre for Brain Research (CBR) in Karnataka, India, was inaugurated. The research facility will combine the approach of imaging, genetics, cognition, and computational methods to address the complex challenges of understanding brain functioning in health and disease. Further, in February 2023, Infosys signed a memorandum of understanding (MoU) with the Indian Institute of Science (IISc) and the Centre for Brain Research (CBR), an autonomous Centre of IISc located on the Institute campus, to support fundamental and translational research on neurodegenerative diseases of the elderly population.
Therefore, the neurology segment is expected to witness significant growth over the forecast period due to the high burden of neurological disorders and advancing research.
Hospital Segment is Expected to Witness Significant Growth Over the Forecast Period
Hospitals in India deliver comprehensive health care services, including curative, promotive, rehabilitative, and preventive services, to the vast patient pool of the country. Hospitals are well-equipped with necessary and advanced equipment, infrastructure, and qualified medical staff to manage and perform computed tomography examinations effectively.
The hospitals' segment is expected to grow with its advanced CT imaging system and facilities, capacity to handle vast numbers of patients, and the strategic developments the hospitals take to leverage computed tomography examinations in India. These factors are anticipated to increase the penetrance of computed tomography in India and boost market growth.
In the past few years, several hospitals in India have strategically decided to install more CT systems to meet the demands for diagnostic imaging in India. For instance, in July 2022, Dr. LH Hiranandani Hospital in Mumbai, India, installed the advanced 384 Slice Cardiac CT scan machine. The CT machine has advanced AI-based technology, which improves the accuracy and clarity of the CT diagnosis three times and assists the cardiologists/cardiac surgeons on the other line of treatment to the patients. Similarly, in September 2022, a CT scan machine worth INR 5 crore (USD 0.61 million) was installed at the Civil Hospital of Phagwara, India. Thus, with the increasing installation of CT scanning systems in the hospitals of India, market penetration is expected to increase further in Indian hospitals to meet the soaring needs of patients.
Therefore, the hospital segment is expected to witness significant growth over the forecast period due to the increasing installation of CT systems at Indian hospitals, the growing investments in the hospital infrastructure, and the rising number of hospitals.
