Market Trends of India Nuclear Imaging Industry
This section covers the major market trends shaping the India Nuclear Imaging Market according to our research experts:
Equipment Segment is Expected to Hold a Significant Market Share Over the Forecast Period
The Indian market for nuclear imaging equipment is growing at a good pace and the rising prevalence of target diseases and the growing technological advancements are the key drivers for the market studied. The Global Cancer Observatory estimated that India experienced new cancer diagnosis cases of around 1,324,413 in 2020. Hence, it is expected to rise demand for nuclear imaging in the management of the disease. The nuclear imaging equipments are being installed in numerous hospitals and institutions around the nation, fueling the segment's expansion. For instance, the first SPECT scan will be offered by the health department of Thiruvananthapuram Medical College in Kerala, India, in February 2020. The first UDR detector using 3.2-mm LSO crystals is the Siemens Biograph VISION-600, which aids in the visualization of tiny lesions. Similarly, in September 2021, a Time of Flight PET CT scan using artificial intelligence (AI) was introduced by the Mahatma Gandhi Cancer Hospital and Research Institute (MGCHRI), Vishakapatnam, India, to detect even smaller lesions and to assess cervical cancer patient's stage. Furthermore, for highly accurate cancer diagnosis, HCG debuted the first digital PET/CT scanner in Karnataka in February 2020. Hence, the increasing installations in the country and the growing awareness of these devices is boosting the segment growth.
