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.

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".