CT scans and MRIs play a vital role in detecting diseases in the early stages. These are the most proven and valuable medical diagnostic tools. Earlier, India imported all its high-end diagnostic imaging equipment from other countries, but now the scenario has changed.
Many emerging Indian companies have developed indigenous MRI and CT scan machines. Earlier, these same machines cost more, but due to the local manufacturer, the cost will decrease, with lower maintenance costs. This could not have happened without the support of the government, domestic med-tech parks, make in India incentives, and a growing market hunger for affordable imaging for both startups and established manufacturers.
Now, several Indian companies are manufacturing CT scanners by assembling them in India, often through partnerships with foreign OEMs. They partner with global OEMs to localise production, or assemble detectors and gantry components domestically. Assembling doesn’t mean just fixing the bolting parts together in CT scanners; it’s much more complex than we think, including system integration, local software, calibration, and obtaining mandatory certifications.
Market Trends
The Indian medical imaging market size was valued at INR 109.80 billion in 2024 and is expected to reach INR 154.46 billion by 2030. It is expected to grow at a CAGR of ~6.61% from 2025 to 2030.
The Indian CT scan market size was valued at $83.84 million in 2023 and is expected to reach $172.64 million by 2030. It is expected to grow at a CAGR of ~10.87% from 2023 to 2030.
The Indian MRI market size was valued at USD 278.12 million in 2025 and is expected to reach USD 400.43 million by 2030. It is expected to grow at a CAGR of ~7.19% from 2025 to 2030.
The global CT market size was valued at USD 4,613.9 million in 2023 and is expected to reach USD 7,814.2 million by 2030. It is expected to grow at a CAGR of ~7.8% from 2024 to 2030.
The global MRI market size was valued at USD 7.1 billion in 2024 and is expected to reach USD 10.3 billion by 2030. It is expected to grow at a CAGR of ~6.5% from 2025 to 2030.
Homegrown MRI Technology: Companies to Watch
Voxelgrids Innovations
Voxelgrids Innovations is a Bengaluru-based company that developed the first indigenously designed next-generation MRI scanner, known as a 1.5T MRI scanner, under the Department of Biotechnology (DBT)/Biotechnology Industry Research Assistance Council (BIRAC). The MRI scanner is lightweight and operates at ultrafast speeds. The Indian government spent approximately 17 crore on development, with about 12 crore from DBT/BIRAC. The main motive for developing this tool was to reduce dependency on imports, make it more affordable, and make MRI machines easily scalable.
Fischer Medical Ventures
Fischer Medical Ventures is a Chennai-based company that focuses on the indigenous development and manufacturing of high-end medical imaging equipment. Its major goal is to make diagnostics more accessible, affordable, and reduce 80-85% dependency on others’ reliance. It developed 1.5 Tesla MRI scanners, 0.35T MRI Scanners, and next-generation AI-enabled MRI machines. The next-generation AI-enabled integrates with AR/AI for real-time visualization during complex neurosurgical procedures.
Sequoia Healthcare Limited
Sequoia Healthcare is a Karnataka-based company that indigenously develops MRI scanners, CT scanners, Nuclear medicine, and Contrast Injectors. It manufactures two types of MRI systems models: Clarity 1.5T MRI Scanner and Clarity 1.5T MRI Scanner, a 100% helium-free MRI machine, with an innovative direct cooling technique. The main motive for developing this helium-free model was to make it more affordable.
There are a few more companies that are suppliers and assemblers of MRI systems, such as Benaka Health Care, Dhruvidhi Lifecare Solutions, and DSF Healthcare. These companies mainly deal in refurbished MRI systems or assemble machines using imported components.
Homegrown CT-Scan Technology: Companies to Watch
Allengers Medical Systems
Allengers Medical Systems is a Punjab-based company that develops and manufactures a vast range of medical diagnostic and imaging equipment. It is approved under the Indian government’s Production Linked Incentive (PLI) Scheme. It develops high-end medical devices, including CT scanners and MRI machines. It manufactured a 32-slice CT Scanner, combining Canon’s proven technology with its local manufacturing strength to offer a more affordable, high-performance solution in the Indian market.
Trivitron Healthcare
Trivitron Healthcare is the first Indian company that receive approval from BIS, AERB, and CDSCO to manufacture CT scanners. It manufactures, trades, and distributes medical devices, equipment, and consumables. It is the largest medical technology company of Indian origin. Their flagship product is the Terrene CT Scanner-32 slice.
Sequoia Healthcare Limited
Sequoia Healthcare also develops two CT Scanner models: the Inspiration 64/64+ Slice CT Scanner and the Inspiration 128 Slice CT Scanner.
Fischer Medical Ventures
Fischer Medical Ventures is now planning to upgrade its portfolio, which includes products such as teleradiology solutions, CT Scanners, AI-powered X-ray equipment, and advanced point-of-care diagnostics. It is announced to launch affordable CT scan machines, manufactured locally in India, in collaboration with Edusoft.
Indian MRIs vs. Global MRIs
Note: Countries considered Global: Germany, the United States (USA), the Netherlands, and Japan.
For advanced applications like neuro, cardiac, fMRI, and research-level imaging, Global MRI systems are still the preferred choice. But if you’re looking for an affordable, easy-to-maintain machine with quick local service and installation, Indian MRI systems are a great fit. In the end, the decision depends on whether your priority is cost-effective routine imaging or high-end diagnostic performance.
Indian vs. Global CT Scanners
Note: Countries considered Global: Germany, United States (USA), the Netherlands, Japan, and South Korea.
For advanced needs such as cardiac CT, oncology staging, dual-energy imaging, and ultra-low-dose applications, you can prefer a foreign CT scanner. But if you want an affordable, easy-to-maintain, and fast local service and installation provider, then you can choose an Indian CT scanner.
Why has India not yet been able to fully manufacture CT Scanners?
India is making progress, but still faces challenges in building fully indigenous CT scanners. CT scanners are among the most complex medical devices in the world, requiring highly advanced components like X-ray tubes, detector technology, and Data Acquisition Systems (DAS). Until these critical parts are manufactured locally, India will remain partially dependent on imports. Globally, only a handful of companies have been able to overcome this major technological bottleneck.
Future Potential
Yes, India is steadily moving toward a future where MRI and CT systems will be fully homegrown. The country has already proven its technological strength in areas like space tech, pharmaceuticals, and 5G communications. With companies such as Voxelgrids, Fischer Medical Ventures, and Sequoia Healthcare Limited leading the way, India is expected to introduce 3T MRI systems within the next 3–5 years and significantly upgrade gradient technologies.
Researchers are actively working on advanced imaging capabilities, and we can expect premium features like cardiac MRI, advanced neuro imaging (DTI/fMRI), and oncology-grade whole-body diffusion in the near future. India is also progressing toward launching its first fully indigenous CT scanner, marking a major milestone for the nation’s medical imaging ecosystem.
Final Thought
With support from the Indian government, MedTech manufacturing zones, DBT/BIRAC grants, and make in India incentives, India is steadily moving away from being a pure importer of CT and MRI technology. The local medical imaging market is set to grow rapidly as more homegrown MRI developers and locally manufactured or assembled CT scanners enter the industry.
Sources
https://medicalbuyer.co.in/indias-diagnostic-imaging-devices-market-to-reach-rs-154-46b
https://www.mordorintelligence.com/industry-reports/india-magnetic-resonance-imaging-mri-market
https://www.grandviewresearch.com/industry-analysis/computed-tomography-ct-market
https://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imaging-market