India Cardiac Medical Imaging Software Market is expected to show robust growth due to growing healthcare industry in the forecast period, FY2017-FY2027.
According to TechSci Research report on, “India Cardiac Medical Imaging Software Market, By Region, Competition Forecast & Opportunities, FY2017 - FY2027”, India cardiac medical imaging software market has shown promising growth in historical years until FY2021 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India cardiac medical imaging software market owes its growth to the factors like technological advancement in the radio-imaging. Rising applications of radiography in the medicine & diagnostics further drives the growth of the India cardiac medical imaging software market in the upcoming five years. High prevalence of cardiovascular diseases and coronary arterial diseases, strokes, arterial blockages, etc. further supports the growth of the India cardiac medical imaging software market in the next five years. Also, rising healthcare expenditures over the cardiovascular diagnostics, therapeutics and treatments is also one of the major factors aiding the market growth. Growing geriatric population and their susceptibility to cardiovascular and coronary arterial diseases are demanding for the efficient diagnostics of the diseases such that timely treatment can be provided thereby aiding the market growth. Increasing applications of the modalities like CT, MRI, CT-PET also adds to the future growth of the India cardiac medical imaging software market in the future five years.
Government is actively pulling in efforts to enhance the healthcare services and providing favorable schemes & plans to promote the technological advancement in the cardiac medical imaging software that would further enhance the growth opportunities for the India cardiac medical imaging software market. Rising disposable income among the population of the country along with the surge in demand for advanced patient care adamantly for the geriatric population would further substantiate the growth of the India cardiac medical imaging software market in the forecast years through FY2027.
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The India cardiac medical imaging software market segmentation is based on imaging modality, image type, deployment mode, application, end user, regional distribution, and competitional landscape. Based on imaging modality, the market is further segmented into CT scan, MRI, ultrasound imaging, radiography imaging, and others. CT scan modalities are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of increasing instances of CVD & CAD among the geriatric population. Rising geriatric population in the country and growing expenditure on the diagnostic medicine further drives the growth of the India cardiac medical imaging software market in the next five years.
By image type, the market segments are discussed among 2D imaging, 3D imaging, and 4D imaging. 3D imaging might register fastest growing CAGR value due to technological advancement in the medical devices and radiography. Increasing advancement in the products & imaging techniques are also the outcomes of the global players active in the Indian market. The increased research & growing investment in the sector would also aid the growth of the market.
Based on deployment mode, the market is differentiated between on-premises and cloud. On-premises deployment of the services & information may hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of increasing patient counts. Rapidly growing instances of cardiovascular and coronary arterial diseases, growing number of patients suffering from heart blockage and the demand to store their diagnostic information such that it can be accessed and analyzed would drive the market growth in the future five years. Based on end user, the market is further bifurcated into hospitals & clinics, diagnostic centers, and others.
A partial list of market players in the field includes:
- Siemens Healthineers India
- Zebra Medical Vision (Medsynaptic Pvt Ltd)
- Pie Medical Imaging (Meril India)
- Carestream Health India Pvt. Ltd.
- Wipro GE Healthcare Pvt. Ltd.
- Philips India Limited
- EverrTech Software Private Limited
- Lumedx Healthcare Technologies (India) Private Limited
- Fujifilm India Private Limited
- IBM India Private Limited
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“Coronary CT angiography finds highest applications of cardiac medical imaging software due to increasing patients suffering from heart and valve blockage. Sedentary lifestyle, and issues like high cholesterol levels, obesity, fat accumulation in the body aids the application demands. The healthcare industry in India is expanding rapidly on the backbone of government’s investment and financial aids from multiple sources. The future market for cardiac medical imaging software in India would expand on the premises of technological advancement and investments in the related research & software development,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Cardiac Medical Imaging Software Market By Imaging Modality (CT Scan, MRI, Ultrasound Imaging, Radiography Imaging, Others), By Image Type (2D Imaging, 3D Imaging, 4D Imaging), By Deployment Mode (On-Premises v/s Cloud), By Application (Assessment of Heart Anatomy & Coronary Arteries, Coronary Calcium Scoring, Coronary CT Angiography, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India cardiac medical imaging software market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India cardiac medical imaging software market.
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