With the Middle Class Using India's Private Health Care System, There will
be an Increasing Need for Diagnostic Imaging Equipment
WALTHAM, Mass., Sept. 19 /PRNewswire/ -- Millennium Research Group forecasts that growing demand for private health care in India will drive demand for more advanced diagnostic imaging equipment. As a result, the market will experience rapid growth, reaching a value of over $436 million by 2012, according to Millennium Research Group's Indian Markets for Diagnostic Imaging Systems 2008.
The Indian private health care industry is booming, boasting many modern hospitals and highly skilled physicians. Private health care, which composes over 80% of overall health care spending, is no longer only the domain of India's wealthy elite. Because the quality of public health care in India has deteriorated due to significant underfunding, the rising middle class have been forced to turn to private institutions rather than use the substandard public medical services provided by the government.
"Demand is being driven by the middle class, and facilities will need to keep up," says Sana Siddiqui, analyst at Millennium Research Group. "In order to attract these up-and-coming patients, private hospitals will continue to acquire the most advanced imaging systems, driving this market over the next five years".
The Indian Markets for Diagnostic Imaging Systems 2008 report is part of the Emerging Markets for Diagnostic Imaging Systems global series, which includes Brazil, China, and India. Companies covered in this emerging market series include Siemens Medical Solutions, GE Healthcare, Philips Medical Systems, Allengers Medical Systems, Meditronics, and many more local manufacturers.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc. company (http://www.DecisionResources.com), is the global authority on medical technology market intelligence and a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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|SOURCE Millennium Research Group|
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