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    Market Research On X-Ray Machine & Its Equipments in India

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    The x-ray machine and equipment market in India is growing steadily due to factors such as the improving healthcare sector, increasing number of hospitals and diagnostic centers, and shift from analog to digital models. Major players in the Indian market include Siemens, Philips, GE, Fujifilm, and Agfa, which combined hold 70% of the market share. The market is expected to see a compound annual growth rate of over 7.5% due to the large patient population and government support for healthcare. Manufacturing of x-ray machines and equipment has been increasing year-over-year to meet growing demand.

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    Market Research On X-Ray Machine & Its Equipments in India

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    KI-KC- NAVED
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    The x-ray machine and equipment market in India is growing steadily due to factors such as the improving healthcare sector, increasing number of hospitals and diagnostic centers, and shift from analog to digital models. Major players in the Indian market include Siemens, Philips, GE, Fujifilm, and Agfa, which combined hold 70% of the market share. The market is expected to see a compound annual growth rate of over 7.5% due to the large patient population and government support for healthcare. Manufacturing of x-ray machines and equipment has been increasing year-over-year to meet growing demand.

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    x-ray market report

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    ECO RAY MR

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    The x-ray machine and equipment market in India is growing steadily due to factors such as the improving healthcare sector, increasing number of hospitals and diagnostic centers, and shift from analog to digital models. Major players in the Indian market include Siemens, Philips, GE, Fujifilm, and Agfa, which combined hold 70% of the market share. The market is expected to see a compound annual growth rate of over 7.5% due to the large patient population and government support for healthcare. Manufacturing of x-ray machines and equipment has been increasing year-over-year to meet growing demand.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    60 views5 pages

    Market Research On X-Ray Machine & Its Equipments in India

    Uploaded by

    KI-KC- NAVED
    The x-ray machine and equipment market in India is growing steadily due to factors such as the improving healthcare sector, increasing number of hospitals and diagnostic centers, and shift from analog to digital models. Major players in the Indian market include Siemens, Philips, GE, Fujifilm, and Agfa, which combined hold 70% of the market share. The market is expected to see a compound annual growth rate of over 7.5% due to the large patient population and government support for healthcare. Manufacturing of x-ray machines and equipment has been increasing year-over-year to meet growing demand.

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    of 5

    MARKET RESEARCH ON X-RAY MACHINE & ITS EQUIPMENTS IN INDIA

    With the advent of technology arena, X-ray technology is breaking new barriers. From
    conventional to computerized radiography and now direct radiography, there has been a
    tremendous refinement in the process for viewing the images of the human body from inside
    out.
    The digital X-ray systems have made rapid strides of latest technologies has made it easy to use,
    safe, fast and less expensive. The advancement in technology in tubes, sources, imaging,
    detectors and hardware have improved the efficiency of digital X-ray system and also helped
    vendors to improve their software capabilities and offerings. With the development in radiology
    technology, it helps the manufacturers to produced cost effective solutions interms of X-ray
    machine and this will go a long way in helping technology and provide its benefits to tier II &
    tier III townships of country like India and other developing counterparts.
    NUMEROUS FACTORS SPECIFY THE INCREASE IN DEMAND OF X –RAY EQUIPMENT IN INDIA.

     Healthcare sector in India is improving & growing at a tremendous rate.


     A large no. of hospitals and diagnostic centres being set up at every corner of the city in
    India.
     X-Ray machines being an indispensable part of most of the medical centres, a steady
    demand the market is experiencing.
     The shift from analog to digital models owing to the better imaging results shows steady
    growth of X-Ray machines and its equipment in the market.
     Requirement of different type of X-RAY Machines in small & big medical clinics in India.

    MAJOR MARKET PLAYER FOR X-RAY MACHINES AND ITS EQUIPMENT IN INDIA
    Despite the market for medical devices being mostly dominated by multinational companies, in
    the case of X-Ray equipment, there are large numbers of both domestic and foreign companies
    operating in the market. The presence of a large numbers of players has ensured a stiff
    competition in the market.
    Different companies are providing additional features in their products or by providing products
    with similar features at a low price to survive in the market. Products from foreign companies
    are generally priced higher than the products of Indian companies and these products are
    mostly used by the top big hospitals in large cities. Overall, the market for x-ray equipment is
    exhibiting steady growth and holds ample opportunities for the players operating in this
    market.
    Major 10 players prevailing in the market are as follows.1

    S.NO COMPANY NAME CITY


    .
    1. SIEMENS HEALTHCARE PRIVATE LIMITED MUMBAI
    2. PHILIPS INDIA LIMITED PUNE
    3. ALLENGERS MEDICAL SYSTEMS LTD. CHANDIGARH
    4. TECHNOMAC NEW DELHI
    5. AGFA HEALTHCARE INDIA PVT. LTD. MUMBAI
    6.  FUJIFILM INDIA PVT. LTD. MUMBAI
    7. WIPRO GE HEALTHCARE PVT. LTD. BANGALORE
    8. TOSHIBA INDIA PVT. LTD. HARYANA
    9. CARESTREAM HEALTH INDIA PVT. MUMBAI
    10. HITACHI MEDICAL CORPORATION DELHI
    NOTE: The Indian market in 2017 was 12,140 units, with value estimated as Rs 697.8 crore.
    Companies like Siemens, Philips, and GE continue to be the major market brand dominant the
    market, Fujifilm & Agfa both companies combined a total share of 70% of the market. Other
    major market players in the field of X-ray machines and its equipments are Konica, Carestream.

    Allengers, Samsung, Canon (Prognosys), Skanray, BPL, RMS, Erbis and FX Rays. In the year
    2016- 2017, there was foreign countries like USA, CHINA & SOUTH KOREA making investment in
    India through X-ray industry in the name of brand such as IRAY, CURA, RAYENCE, CARE RAY.

    AVERGAE PRICE OF DIFFERENT X-RAY MACHINE & ITS EQUIPMENT IN INDIA 2

    1
    https://www.aerb.gov.in/images/PDF/DiagnosticRadiology/3.4.28-List-of-Licensed-Manufacturers-in-DR.pdf
    https://www.researchandmarkets.com/reports/3501667/x-ray-equipment-market-in-india-2015
    2
    https://www.tradeindia.com/Seller/Hospital-Medical-Supplies/X-Ray-Machine
    S.NO. COMPANY NAME TYPE OF MACHINE AVERAGE PRICE
    1. MUKESH ENGINEER DIGITAL X RAY MACHINE RS. 3.00 -8.00
    COMPANY  LAKHS
    2. ZEDEYE TECHNOLOGIES X-RAY BAGGAGE SCANNER RS. 50000- 2.00
    PRIVATE LIMITED MACHINE LAKHS
    3. TRIVENI MEDICAL SYSTEM CT FILM RS. 50000
    (P) LTD
    4. DHANWANTARI MEDICAL PORTABLE X-RAY EQUIPMENT RS. 50000
    SYSTEMS (LINE FEQUENCY)
    5. DEVAL ENTERPRISE LLP DENTAL X-RAY MACHINE RS. 50000- 2.00
    LAKHS
    6. BIO-X SIX LED X-RAY VEIWER RS. 50000-80000
    7. ANITA MEDICAL SYSTEMS X-RAY FILM DRYING CABINET RS. 25000
    PVT. LTD.
    8. AREYES MARKETING HIGH FREQUENCY MOBILE X- RS. 3.5 – 8.5
    RAY EQUIPMENTRS. LAKHS
    9. SUNMAX ELECTRONICS MULTIPOSITION X-RAY UNIT RS. 3.5- 4.00
    LAKH
    10. APEX BIO MEDICALS X-RAY APPARATUS RS. 1.00 -10.00
    LAKHS
    NOTE: The rate mentioned above varies from manufacturer to manufacturer, different brands
    and system age.

    MARKET GROWTH OF X-RAY MACHINE & ITS EQUIPMENT IN INDIA.

    In India, X-Ray market shall witness a lucrative compound annual growth rate CAGR of more
    than 7.5% over the forecast period. The presence of large patient pool in densely populated
    nation susceptible to several chronic diseases will act as a primary major reason which shall
    drive the X-Ray business to a steady growth. Furthermore, government support coupled with
    growing awareness pertaining to disease detection and treatment will increase regional
    business growth over the coming years.

    Some of the major key industry players operating in the medical X-Ray industry which includes
    Carestream Health, Shimadzu, Dentsply Sirona, Fujifilm Medical Systems, Canon, GE Healthcare,
    Hitachi Medical, Midmark, Konica Minolta, PerkinElmer, Hologic, Varian Medical Systems,
    Siemens and Philips Healthcare. These major players are focusing in developing technologies
    which enable X-Ray industry to be cost effective and shall procure the consumer demand in
    developing nation like India.

    MANUFACTURING OF X-RAY MACHINES & ITS EQUIPMENT


    6

    0
    2017 2018 2019 2020

    NOTE: above chart shows x-ray manufacturing growth over the years, from previous years to till
    now and in future there shall be a steady growth in the manufacturer of x-ray machines and its
    equipment in India.

    CONCLUSION

    With tremendous growth and development in the field of radiography, the industry has
    progressed from conventional wet radiography to CR TO DR in the last one century. Despite all
    of the innovation done, X-RAY machines and its equipment become a very important part of the
    medical industry and it will grow at a very steady rate to meet the demand of the consumer in
    various ways. The healthcare sector is witnessing a sharp growth in many segments today, one
    of which is radiology. With emerging technology, it is interesting to see the tremendous scope
    that this segment can offer. The world of imaging and technology is constantly evolving which
    will lead to an exciting world of innovations in the time to come. Radiology has gained its
    relevance in the context of diagnosis, the first step toward patients’ treatment.

    X-ray is often the start of a patient’s care journey and supports critical clinical decisions from
    prevention through treatment across the care continuum. It affects productivity, workflow, and
    care team satisfaction. It is more than equipment and more than an image. X-ray is an
    imperative. There is yet untapped opportunity in digital radiography. No one yet knows where
    this will take the market, but it is believed that X-ray will find new avenues of clinical usefulness
    in the future.

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