Vinay K Mayer, Director-Marketing Research & Consulting, Asia Research Partners explains the current market scenario of radiology sector in India
The Indian healthcare market is valued at $372 billion annually. Medical Imaging plays an essential role in the industry as it provides both diagnosis and treatment of diseases through the creation of images representing anatomy or organs of the human body. Radiology is a specialty that accounts for over 80% of all imaging procedures performed in the country.
With the rapid development of technology, the radiology sector has grown exponentially. The healthcare industry is one of the fastest growing industries in the world today and it is expected to continue its trend through the coming years. In particular, diagnostic imaging is a highly sought-after service as it has been proven to reduce costs related to high priced procedures which have helped many people from all around the planet have access to essential diagnostic imaging services.