Market Trends of India Digital X-Ray Industry
This section covers the major market trends shaping the India Digital X-Ray Market according to our research experts:
Computed Radiography Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Computed radiography (CR) equipment is used in numerous applications, such as medical facilities and industrial purposes. CR equipment comprises an imaging plate, which is made up of photostimulable phosphor. Factors such as the increasing prevalence of cancer coupled with initiatives by the key market players. In India, the anticipated five-year frequency of breast cancer cases in 2020 was 459,271, according to the Globocan 2020 report published by the International Agency for Research on Cancer. Additionally, 2,720,251 instances of all cancer were predicted to occur in India over a five-year period in 2020, according to the same survey. The high prevalence of various cancer conditions in India is predicted to increase the demand for digital x-rays used in diagnostics. To help the business expand, a number of manufacturers have partnered with the government to put their digital radiography equipment in hospitals. At Kasturba hospital in Mumbai, Agfa India installed the CR 12-X computed radiography system and the most cutting-edge Chest+ software in April 2020 for the triage and treatment of patients with COVID-19. This solution made performing chest exams significantly quicker. At the 73rd National Conference of the Indian Radiological and Imaging Association (IRIA) in January 2020, Fujifilm India Private Limited, one of the top companies in the healthcare sector, showcased its most recent medical systems. Fujifilm demonstrated the Prima TM, a mammography-compatible desktop FCR (Fuji Computed Radiography) with an economical high-speed image processing system. The device offers outstanding image quality with a 50-micron resolution and a space-saving design. Future market growth is anticipated as a result of such product launches in India. Therefore, it is anticipated that the aforementioned improvements will further enhance the market growth in this sector.