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Continuous technological advancement drives the CT Scanner Market in India by Sachin Thorat





Article Author Biography
Continuous technological advancement drives the CT Scanner Market in India by
Article Posted: 09/23/2011
Article Views: 77
Articles Written: 174
Word Count: 718
Article Votes: 0
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Continuous technological advancement drives the CT Scanner Market in India


 
Business
The Computed Tomography (CT) Scanner market will likely to experience a huge growth in the coming years. Computed Tomography is the major contributor of the growth in the medical imaging industry in India.

Continuous up gradation in the CT technologies is the most common trend. Due to introduction of various applications and combination of nuclear medicine with CT technologies, the disease coverage capabilities of CT are increasing over time. CT scan can detect various diseases and continuous improvement in image quality facilitates the diagnosis with much higher accuracy level. Oncology and cardiology are mainly driving the CT scanner segment.

The report provides a snapshot of the CT scanner market. It begins with an introduction section which offers an outlook of the market segmentation and technological developments. A comparative analysis on the major types of medical imaging equipments is also included in this section. The market segmentation would provide a clear picture on the major types of CT scanners used in the market along with their market shares and their application areas. The market overview section provides an insight into the market size and segmentation. Import and export figures for CT scanners, in terms of value have been provided in the next section. The Indian CT market is still very much dependent on the import of products.

There are various factors driving growth in the market. These have been explained in the next section. Wider application area of CT scan is driving the market extensively. CT is the primary diagnostic tool for radiology and cardiology. Continuous up gradation of technologies is the most common trend for the CT market. Introduction of upgraded technologies and newer applications has brought much higher accuracy level in the test results. This has increased the popularity among the physicians and patients. Both public and private spending in healthcare is increasing at a considerable rate in India. This promotes in increasing number of installations in the country. Increasing number of health institutions and medical centres are also opting for installing the CT scanners. Increasing awareness among people and demand for improved healthcare services are also driving the market considerably.

Continuous technological up gradation results in price hike of the equipments. This factor acts as challenge for the market. The market is becoming highly price competitive as well. Lot of marketers and product distributors are entering into the market. Radiation hazards caused from CT operation is also acting as a major challenging factor. All the medical imaging equipments are experiencing technological advancement and these results into intensive competition from other medical imaging technologies to the CT scan.

The next section is the market trend. Due to technological advancements, number of slices is increasing over time. End users are shifting towards combination scanners, which is much more advanced then single scanners are extensively used for the diagnosis of various types of diseases. At the same time, small and mid-sized private hospitals and medical centres are shifting towards refurbished equipments due to lack of budget. One of the major trends in the market is providing more importance towards reducing the radiation hazards and manufacturing low priced equipments. The manufacturers are increasing the R&D expenditures towards solving this issue and to gain the competitive advantage in the market.

The following section is the competition section. It highlights the features of the major players operating in the market. It provides a brief profile of the major domestic and foreign players in the market which includes their corporate information and business highlights along with their financials.

Finally, a section on strategic recommendations has been included. This section provides effective strategies to the existing and potential for improving their market share and increasing profitability.

Research On India (ROI) is Netscribes’ leading source for market intelligence on emerging sectors in India. Our topics provide a holistic view of an industry and are a spring board for entry strategies, private equity and venture capital investments, investor presentations and management discussions.

For more details on the content of the report and our services you can contact us at sales@researchonindia.com

Netscribes (India) Pvt. Ltd., launches a report on the Computed Tomography Scanner Market in India 2011 as part of Netscribes’ Healthcare Industry report series. Netscribes is a Business research firm that supports Market Insights, Research & Analytics, Media & Publishing and Content Management.

Related Articles - Computed Tomography Scanner Market in India 2011, Computed Tomography Scanner Market, Computed Tomography Scanner Market,

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