The Indian medical devices market is largely dependent on imports from foreign countries. In such a sector, domestic manufacturers of x-ray equipments have managed to not only carve a space for themselves in the market, but also export their products to other countries and earn high revenues. The market is currently dominated by analog models but is expected to shift towards digital models in coming years. The growing target base of consumers will boost sales and the market is expected to exhibit steady growth in future.
The report provides a snapshot of the x-ray equipment market. It begins with the introduction section which offers a brief description of the segments in the x-ray market in India. The market overview section provides an insight into the market and highlights the market size and growth, both for the overall market and for the individual segments. Import and export figures for x-ray equipments, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing number of hospitals and diagnostic centers, rising incidence of injuries, increasing number of osteoporosis patients, advancements in technology and innovation, and convenient and time saving. The main challenge to the market is hazardous radiation effects. The government regulations section describes some of the regulatory steps taken by the government which include statutory requirements, installation procedure, personnel requirements and duties, and safety measures.
The competition section highlights the features of the major players operating in the market. It includes a brief profile of the major domestic and foreign players in the market along with their financials.